The term of car loan is generally about 3 years, but it will not exceed 5 years. Users generally need to pay more than 30% down payment before handling car loans. In terms of loan interest rate, according to the regulations of the central bank, the benchmark interest rate for auto loans is also implemented, but major financial institutions can fluctuate within a certain range. Generally speaking, customers with excellent conditions can enjoy the benchmark interest rate or float down about 10%, while ordinary customers need to float up about 10% on the basis of the benchmark interest rate.

Extended data:

The requirements for handling car loans are as follows:

1. Applicant 18 years old or above, and needs to have full capacity for civil conduct. But some places require applicants to be over 23 years old. Please consult the staff for details.

2. Have a stable occupation and the ability to repay the loan principal and interest on schedule.

3. Personal social credit is good, and there should be no trace of frequent credit inquiry in a short time, and other loans or credit cards under his name are not overdue.

4. It is best to have a stable residence where the loan is located.

5. Other conditions stipulated by the Cooperation Organization.

The difference between owner loan and car loan:

Ping an car owner loan is a loan that only needs vehicle registration certificate as collateral, and car loan is a loan that does not take the car or install GPS. Both can be used for personal consumption or business, and the main differences are as follows:

1. Loan amount:

The loan amount of the owner's loan ranges from 300,000 yuan to 500,000 yuan; The car loan amount is between 500,000 and 500,000.

2. Application conditions:

The owner's loan requires the borrower to be between 22 and 60 (inclusive); It is a non-operating vehicle under my name and has been licensed for 3 months; The service life of the vehicle shall not exceed 10 year (subject to the date of first registration), and the mileage shall not exceed10.5 million kilometers; The approved value of the vehicle × the loan ratio shall not be less than 30,000.

Car loans require borrowers to be between 25 and 55 years old (customers who purchase performance insurance can be relaxed to 22 to 60 years old); Have a full car, no mortgage; The vehicle purchase shall not exceed 7 years (subject to the date of first registration), and the mileage shall not exceed1.2000 km; The vehicle evaluation value is above 70,000 (inclusive).

Automobile loans overdue collection:

Different banks or lending institutions may have different regulations, but basically they will stipulate in the loan contract that if the loan is not repaid for more than three months and the overdue nature is bad, it will be forced to auction. At the same time, other assets under the name may also be frozen for disposal.

It can be seen that the car loan is overdue for more than three months. Everyone must remember to pay back the car loan on time after buying a car.

If it is overdue, it may be just a collection at first, but once it is overdue for less than three months, the nature is different, and it is likely to be recognized as malicious overdue by banks or lending institutions. If it is overdue, not only will the car be taken back for auction, but personal credit will definitely be greatly affected. Therefore, even if you can't afford it for a while, you should take the initiative to negotiate instead of turning a blind eye to the collection.

How many years can I buy a car with a loan?

The loan term of the car loan shall be agreed upon by both parties through consultation. For example, the longest loan period for car loans is 5 years. The purchased vehicle is a commercial vehicle, and the loan period does not exceed 3 years.

The loan object is a natural person aged 18 to 60, with full capacity for civil conduct. If the purchased vehicle is a self-use vehicle, the loan amount shall not exceed 80% of the price of the purchased vehicle; If the purchased vehicle is a commercial vehicle, the loan amount shall not exceed 70% of the price of the purchased vehicle, and the loan amount for commercial vehicles shall not exceed 60% of the price of the purchased vehicle.

Extended data:

Loan settlement includes normal settlement and early settlement:

(1) Normal settlement: the loan shall be settled on the loan maturity date (one-time repayment of principal and interest) or the last installment (installment repayment);

(2) Early settlement: Before the loan expires, if the borrower partially or completely settles the loan, it must apply to the bank in advance according to the loan contract, and the bank will repay the loan at the designated accounting counter after approval.

After the loan is settled, the borrower will retrieve the legal documents and relevant supporting documents extracted by the bank with his valid identity certificate and the loan settlement certificate issued by the bank, and go through the mortgage registration cancellation formalities with the original mortgage registration department with the loan settlement certificate.