After applying for a car loan, it is generally possible to pay off the car loan in one lump sum during the repayment period, but it should be implemented in accordance with the contract. Generally, it is necessary to pay a certain penalty or residual interest. However, if the contract clearly stipulates that the car loan cannot be paid off in one lump sum, the lender can only follow the normal repayment process.

If the loan can be paid off in one lump sum, the general repayment process is as follows: first, call the customer service phone of the bank or auto financing company to make an appointment to pay off the car loan in one lump sum, and then ask the customer service what documents and materials they need to bring. General materials include ID card, loan repayment application form, loan contract, repayment form and materials required by various lending institutions. After preparing the materials, go through the relevant formalities at the bank or auto financing company within the agreed time.

After the car loan is paid off, you need to go to the bank or other lending institutions to go through the settlement procedures, apply for the car loan settlement certificate, and get back the motor vehicle registration certificate and other materials. Then go to the local vehicle management office to cancel the mortgage of the vehicle, and then the vehicle really belongs to the owner himself.

Then, go to the insurance company to change the first beneficiary of auto insurance. During the loan period, the first beneficiary of auto insurance belongs to the bank or auto financing company. Finally, if the vehicle is equipped with a GPS positioning device at the 4S point, it can be disassembled at the 4S shop.

The above are some basic things that need to be done when paying back the car loan. If you don't do this, the car will never belong to you. More specific procedures should be subject to the relevant regulations of the 4S shop, lending institution and local vehicle management office where you purchased the vehicle.

One-time payment process of automobile loan

The process of paying off the car loan at one time: first, call the bank staff in advance to explain the situation and make an appointment; Then on the date, bring your ID card, bank card and other related documents to the bank to go through the formalities; After that, the lender will register the information given by the bank with the vehicle management office to pay off the car loan.

First, get the motor vehicle registration certificate back.

Motor vehicle registration certificate is the legal proof of automobile ownership. All legal information and related tests will appear on the certificate. After paying off the car loan, you must get it back from the repayment bank or guarantee company in time to avoid any trouble in the future.

Second, lift the vehicle mortgage.

After taking out the loan, you can take the car away, but during the loan period, the ownership of the car belongs to the bank or loan company, and this information is filed in the vehicle management office. After paying off the loan, remember to take your motor vehicle registration certificate and other related materials to the vehicle management office to cancel the mortgage relationship, so that the vehicle will become your asset.

Third, change the beneficiary.

During the loan period, the first beneficiary of insurance is not the owner, but the bank or loan company. Remember to change the name of the beneficiary after paying off the loan. Otherwise, when you want to use insurance in the future, it will cause some unnecessary trouble. Lucky meow reminds you, don't forget to do these three things well after you try to repay the loan. At the same time, it should be noted that if the loan is made by a small financial company, it is likely that GPS will be installed in the car, because you are afraid that you will not find anyone in default. Remember to remove the GPS after paying off the loan.

Four, but there are exceptions to everything. If you buy a car with a credit loan, you really don't need to do anything after paying off the loan in this way. Because the credit loan is actually a car loan issued to us by the bank according to our personal credit information, and no mortgage is needed. After the down payment, the green paper of the car is directly in our own hands, and there is no mortgage registration information written on it. In essence, it is to borrow money from the bank, which has nothing to do with the car.

Then if we buy a car by mortgage, we need to go through the mortgage formalities when we pay off the loan. Mortgage means that when buying a car, the vehicle registration certificate (that is, the green copy) of the vehicle is mortgaged to the lending institution, but the car and driving license are still in their hands, so many people will mistakenly think that the money is enough. In fact, I have to go to the lending institution to cancel the mortgage and get the Green Paper back. It should be noted that you should take the Green Paper, don't take it and leave, and ask them to issue a "loan settlement certificate".

What are the procedures for the loan car to pay off the loan at one time?

If you need to repay in advance, you must first make an appointment at least one week in advance and prepare relevant materials.

Specifically, it mainly includes: the loan contract signed by the bank, the applicant's ID card, the loan repayment application form filled out by the bank, the repayment form of last month, the prepayment agreement and other information stipulated by the bank.

In addition, if the loan is less than one year, there may be a certain penalty for prepayment. Some banks have restrictions on the minimum amount of one-time repayment, so it is recommended to consult the loan bank.

Extended data:

After the car loan is paid off, you must remember to handle the mortgage cancellation business. Usually, the car does not belong to the individual before the transfer, and the ownership still belongs to the lending institution, so it is very important to handle the mortgage cancellation business.

The process is as follows: after the loan is paid off, go to the bank to get the vehicle registration certificate, and the bank needs to provide the organization code certificate (with official seal) and the power of attorney. The content of the power of attorney is to entrust the owner to carry the registration certificate to handle the mortgage cancellation business (with official seal);

The owner handles the mortgage cancellation business with the above three certificates. After handling, the registration certificate will indicate' mortgage cancellation' in the registration column, the registered bank no longer owns the vehicle, and the vehicle is officially owned by the owner.