Certificate information. Ordinary items: borrower's ID card (resident ID card, household registration book or other valid proof of residence), proof of marital status, recent water and electricity bills, and proof of valid income (such as work permit attached to the payroll, passbook for paying wages or tax bill for personal adjustment). ) or other valid proof of repayment sources (such as unsold stocks, capital delivery orders, unfulfilled year-end dividend plans and remuneration vouchers or other monetary income to be realized, etc.). ), as well as proof of real estate (not necessarily as necessary collateral). Special item: copy of the borrower's spouse's ID card, household registration book or valid residence permit. It can be seen that at present, banks have controlled risks in detail, and even considered the marital status of borrowers as loan conditions. For some time, it is not surprising that "single people" can't get car loans in some places.
Credit review. Banks measure consumers' repayment ability according to the lender's water and electricity bills and monthly income certificates, as well as comprehensive information such as age, occupation, education and past loan records. In addition to the real estate license, what is more important is the occupation of the lender, that is, the income has reached a certain level continuously and stably, and the unit where it works has a good reputation. Generally speaking, consumers will be required to buy vehicles as collateral, but due to the sharp drop in car prices in recent years, some banks require real estate collateral in practice. In addition, in addition to the traditional methods of mortgage, pledge and guarantee, banks also provide certain credit lines for some customers with good credit standing. In many places, specific loan applicants with a personal credit score of 80 points or above can apply for automobile consumption loans by means of credit. The specific targets are: cadres at or above the deputy division level in the party and government organs, senior professional titles in the education system, attending doctors in 3A hospitals, and personnel at or above the deputy division level in the departments of finance, posts and telecommunications, insurance, securities and electric power. If the borrower is a doctor, teacher, government official, lawyer, etc. , or employees in banking, securities, insurance and other financial fields, or middle and senior managers of Fortune 500 companies and listed companies (non-ST and PT) may be exempted from submitting two loan application materials. The monthly payment shall not exceed 60% of the total disposable income of the family.
Loan amount. Ordinary items: banks stipulate that the maximum loan amount shall not exceed 80% of the car price. Special item: if the loan is applied for with the pledge recognized by the bank, or if an institution provides joint and several liability guarantee, the loan amount can reach 80% of the car price at most; If you apply for a loan with the purchased vehicle or real estate as collateral, the loan amount can generally reach below 70% of the car price. At present, only the purchased vehicles are used as collateral, and the maximum loan amount does not exceed 70% of the purchase price except for consumers with excellent credit status; Where a borrower or a third-party natural person applies for a loan by means of personal housing or commercial housing mortgage guarantee, the maximum amount generally does not exceed 70% of the assessed value of the collateral; Many places apply for loans with personal credit or joint liability guarantee provided by natural persons, and the maximum loan amount generally does not exceed 200,000 yuan.
Term of loan. Usually the shortest is 6 months and the longest is 5 years.
Repayment method. For loans with a term of less than 1 year, the principal and interest are generally repaid in one lump sum on the maturity date of the loan, and the interest is paid off together with the principal. There are two main repayment methods for loans over one year-matching principal and interest repayment method and average capital repayment method.