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A Simple Model of automobile mortgage Contract
Party A: (Borrower)

ID number:

Address:

Telephone:

Party B: (Lender)

ID number:

Address:

Telephone:

Party A applies for a loan from Party B for its own production or business needs, and takes its own vehicle as collateral. Party B agrees to lend and sign the contents of this contract through negotiation between both parties.

The first loan project:

Article 1 loan content

Total loan: RMB Yuan only, in words.

Term of the loan: from year month day.

Article 2 Payment and repayment of loans

1. Loan payment: After the loan and mortgage procedures are completed, Party B will pay the loan amount to Party A in one lump sum or transfer it to Party A's account.

2. Loan repayment: The principal and interest of the loan shall be paid off in one lump sum on the due date.

3. Party A can repay the loan in advance, but it must notify Party B 15 days in advance.

Article 3 Liability for breach of contract

If Party A fails to repay the loan in full when the loan expires, it shall pay a penalty of RMB _ _ _ _ _ _ _ _.

Second mortgage project:

Article 4 Party A confirms that the mortgaged assets are his own, all procedures are legal and effective, and there is no economic dispute and illegal responsibility for the assets before mortgage, otherwise Party A will bear all legal responsibilities.

Article 5 Guarantees

1, car type and brand:

2. Frame number:

3. Engine number:

Article 6 custody of collateral

1. The collateral shall be kept by Party B.. During the mortgage period, Party B shall use the vehicle free of charge to ensure that the vehicle is free of any traffic accidents and violations. If the vehicle is lost due to Party B's own reasons or natural damage, force majeure and other factors, Party B shall be exempted from the liability for compensation.

2. Party A must hand over the keys, motor vehicle registration certificate, driving license, car purchase invoice, purchase tax, road maintenance fee, insurance documents, original household registration book and copy of ID card related to the mortgaged vehicle to Party B or an intermediary agency for safekeeping.

Article 7 Disposal of Collateral

1. During the mortgage period, any disposal of the mortgaged vehicle by Party A is invalid.

2. If Party A fails to repay the loan on time, Party B may sell the collateral after the overdue days to recover the losses, and Party A also signs the Power of Attorney for Overdue Sale.

Article 8 During the mortgage period, under any of the following circumstances, Party B has the right to dispose of the collateral in advance.

1. The borrower is declared missing, and its property custodian refuses to perform this contract;

2. The borrower loses the capacity for civil conduct and the guardian refuses to perform this contract;

3. The legal heir of the borrower's property refuses to perform this contract when the borrower dies or is declared dead;

4. The borrower fails to perform the repayment obligation or has other behaviors that lack the sincerity to repay the debt;

5. The borrower is involved in or will be involved in major litigation or arbitration procedures and other legal disputes, which is enough to affect its solvency;

6. The borrower changes his domicile. Mailing address. Contact telephone number and other matters are not notified in time within 5 days.

Other provisions in Item 3:

Article 9 Bearing of expenses

1. If Party A fails to repay the loan on time, Party A may extend the loan term with the consent of Party B. ..

2. All expenses arising from mortgage and loan shall be borne by Party A. ..

Article 10 Conditions for the entry into force of this contract

This contract shall come into effect as of the date of signature by both parties.

This contract is made in duplicate, each party holds one copy, and the rest are filed in relevant departments.

Party A: (Borrower) Party B: (Lender)

Date: Date: