(1) individual
1. has full capacity for civil conduct;
2. Have a stable occupation and the ability to repay the loan principal and interest, and have good credit;
3 can provide effective collateral or pledge, or individuals or units with sufficient compensation capacity as guarantors;
4. Being able to pay the down payment within the limits specified in these Measures;
5. Other conditions stipulated by the lender.
(2) Enterprises and institutions with legal person status.
1. Have the ability to repay the loan;
2. Deposit the down payment of not less than the specified amount into the bank designated by the lender;
3. There is a guarantee recognized by the lender;
4. Other conditions stipulated by the lender. Article 6 The term of automobile consumption loans shall not exceed 5 years (including 5 years, the same below). Article 7 The loan interest rate for automobile consumption shall be subject to the loan interest rate for the same period stipulated by the People's Bank of China. Article 8 The loan amount of a borrower shall meet the following requirements:
(a) to apply for a loan by pledge, or to provide joint liability guarantee by a bank or a guarantee company, the down payment shall not be less than 20% of the purchase price, and the maximum loan amount shall not exceed 80% of the purchase price.
(two) to apply for a loan by mortgage of the purchased vehicle or other real estate, the down payment shall not be less than 30% of the purchase price, and the maximum loan amount shall not exceed 70% of the purchase price.
(3) Where a third-party guarantee is used to apply for a loan (except banks and insurance companies), the down payment shall not be less than 40% of the purchase price, and the maximum loan amount shall not exceed 60% of the purchase price. Chapter II Loan Conditions Article 9 When applying for a loan, the borrower shall provide the following information to the lender:
(1) individual
1. Loan application;
2. Valid identity documents;
3. Proof of occupation, income and family basic situation;
4. Car purchase agreement or contract;
5. Certificates or documents required for the guarantee;
6. Other conditions stipulated by the lender.
(2) Enterprises and institutions with legal person status.
1. Loan application;
2. Business license of enterprise legal person or business license of enterprise legal person, code certificate of legal person and certification documents of legal representative;
3. Loan certificate issued by the People's Bank of China;
4. The financial report of the previous year and the balance sheet, income statement and cash flow statement of the previous month audited by the accounting (auditing) firm;
5. The car purchase contract or agreement signed with the dealer designated by the lender;
6. List of collateral and pledge, and certificate of consent to mortgage and pledge. Collateral must also submit proof of ownership or right to use, appraisal and insurance documents, and pledge must also provide proof of authority and guarantor's consent to guarantee;
7. Other conditions stipulated by the lender.
The borrower shall take full responsibility for the authenticity and legality of the materials provided. Chapter III Term, Interest Rate and Limit of Loan Article 10 After receiving the loan application, the lender shall investigate the credit status, repayment ability and authenticity of the information of the borrower and guarantor, and give the borrower a reply within 15 days at the latest from the date of accepting the loan application. Article 11 The lender shall fulfill the obligation of informing borrowers who meet the loan conditions. The contents of the notice include loan amount, term, interest rate, repayment method, penalty interest in low interest period, disposal method of collateral or pledge and other related matters. Article 12 After examination and approval, the lender shall issue loans to the borrower in accordance with the relevant provisions of the General Rules for Loans. The borrower who does not meet the loan conditions shall explain the reasons. Chapter IV Loan Procedures Article 13 The method of loan issuance must be dedicated to car purchase and must be handled by bank transfer. The borrower shall not withdraw cash or use it for other purposes. Article 14 During the validity period of the loan, the lender shall supervise the credit and income status of the borrower and guarantor and the custody of the collateral. Article 15 A borrower must provide a guarantee when applying for an automobile consumption loan from the lender. The borrower may take the form of mortgage, pledge or third-party guarantee. The parties to a guarantee must sign a guarantee contract. Article 16 Where an automobile consumption loan is applied by mortgage, the lender must go through the mortgage registration in accordance with Articles 4 1 and 42 of the Guarantee Law of People's Republic of China (PRC) before obtaining the loan.
If the borrower takes the purchased car as collateral, it shall mortgage the car in full. Article 17 The borrower shall purchase vehicle insurance according to the requirements of the lender, and the insurance period shall not be shorter than the loan period. During the mortgage period, the borrower shall not interrupt or cancel the insurance for any reason. During the insurance period, if damage beyond the scope of insurance liability occurs, the borrower shall promptly notify the lender and provide other guarantees, otherwise the lender has the right to recover the loan in advance.