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After the car loan is paid off, what procedures are needed to cancel the mortgage?
1. The user goes to the bank to confirm the loan repayment: make sure to pay off all the loans.

2. The user should retrieve the motor vehicle registration certificate: the borrower should bring the motor vehicle driver's license, ID card and bank repayment details, go to the bank to explain his purpose to the bank staff, and show the repayment details, ID card and other materials, and the staff can handle it after verifying the information.

3. Handling vehicle mortgage cancellation procedures: The borrower will wait for the local vehicle management office with the loan settlement certificate, ID card and motor vehicle registration certificate. , and apply to the staff to cancel the vehicle mortgage and provide relevant information. After verification, the mortgage can be cancelled.

4. Change the first beneficiary of auto insurance: After the car loan is fully settled, the borrower must change the first beneficiary of insurance to himself.

Extended data:

Precautions:

If it belongs to the entrusted agent (or the staff of the unit), it shall also submit the Power of Attorney for Motor Vehicle Business and the identity certificate of the agent (or the principal) and its copy.

Article 43 of the Guarantee Law stipulates that if a party mortgages other property, it may voluntarily register the mortgaged property, and the mortgage contract shall take effect from the date of signing. If a party fails to register the mortgaged property, it may not oppose a third party. Where the parties register the mortgaged property, the registration department shall be the notary department where the mortgagor is located.

People's Network-After paying off the car loan, it will be "released" at the vehicle management office.