The term of auto loan is generally 1-3 years, and the longest is no more than 5 years. The following is an introduction to auto loans:

1. Loan object: The borrower must be a resident of the permanent residence where the loan bank is located and have full capacity for civil conduct.

2. Loan conditions: the borrower has a stable occupation, the ability to repay the principal and interest of the loan, and good credit; Can provide recognized assets as collateral or pledge, or a third person with sufficient compensatory ability as a guarantor to repay the principal and interest of the loan and bear joint liability.

3. Loan amount: The maximum loan amount generally does not exceed 80% of the price of the purchased car.

4. Loan term: The loan term for general automobile consumption is 1-3 years, with a maximum of 5 years.

5. Loan interest rate: uniformly stipulated by the People's Bank of China.

6. Repayment method: One-time repayment method and installment repayment method (equal principal and interest, equal capital) can be selected.

1. Car loan refers to the loan issued by the lender to the borrower who applies for buying a car. Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at their special dealers. The interest rate of automobile consumption loan refers to the ratio of the loan amount to the principal given by the bank to consumers, that is, borrowers, for purchasing their own cars (non-profit family cars or commercial vehicles with less than 7 seats). The higher the interest rate, the greater the repayment amount of consumers.

Second, the loan conditions

1. Have valid identification and full capacity for civil conduct;

2. Can provide a fixed and detailed address certificate;

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

4. Personal social credit is good;

5. Holding a car purchase contract or agreement approved by the lender;

6. Other conditions stipulated by the Cooperation Organization.

Three, according to the provisions of the central bank, the benchmark interest rate of auto loans, but financial institutions can float within a certain range of the benchmark interest rate. The term of auto loans in major banks is generally less than five years, and the interest rate of auto loans directly determines the cost of people's loans and becomes an important factor in determining whether people lend.

How many years can I borrow a car loan?

Car loans can be loaned for up to 5 years, and financial institutions can float within a certain range of benchmark interest rates. Generally, customers with better conditions can enjoy the benchmark interest rate or float down 10%, while ordinary customers need to float up 10% on the basis of the benchmark interest rate. The application condition of car loan is: 1, and you have lived in China for more than one year continuously; 2. Have valid identity documents and a fixed detailed address, and have full capacity for civil conduct; 3. Personal legal assets with stable legal income or sufficient to repay the loan principal and interest; 4. Good personal credit; 5. Being able to pay the statutory down payment; 6. Other conditions required by the lender; 7. At least 25 to 55 years old; 8. Have a stable work unit; 9. At present, the company has been working continuously for 6 months.

How many years can I borrow a car loan?

How many years can I borrow a car loan?

Generally speaking, the term of auto loan can be divided into 6 periods, 12 periods, 24 periods, 36 periods, 48 periods and 60 periods, of which the longest term will not exceed 60 periods, that is, 5 years. Therefore, judging from the current market situation, car loans can be loaned for up to five years.

However, the longer the loan time, the more interest consumers need to pay. Therefore, even if banks and financial institutions can provide five-year loan services, many people still choose the most conservative three-year and 36-year loan businesses under Yu 'ebao.

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Share with you the application conditions for rich flowers: the application conditions for rich flowers are mainly divided into two parts: age requirements and information requirements. 1. Age requirement: 18-55 years old. Special note: if you have money to spend, you refuse to provide college students with consumer installment loans. If you are a college student, please give up the application. Information requirements: You need to provide your second-generation ID card and your debit card during the application process. Note: the application only supports debit cards, and the application card is also your loan bank card. My identity information needs to be the second-generation ID card information, and cannot be processed with temporary id card, expired ID cards or first-generation ID cards. Online lending is risky, so choose carefully!

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

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.

You can borrow a car loan for a few years at most.

Generally speaking, the term of auto loan can be divided into 6 periods, 12 periods, 24 periods, 36 periods, 48 periods and 60 periods, of which the longest term will not exceed 60 periods, that is, 5 years. Therefore, judging from the current market situation, car loans can be loaned for up to five years.

However, the longer the loan time, the more interest consumers need to pay. Therefore, even if banks and financial institutions can provide five-year loan services, many people still choose the most conservative three-year and 36-year loan businesses under Yu 'ebao.

What are the requirements for car loan for 5 years?

1. The loan applicant must be at least 18 years old and have full capacity for civil conduct.

2. You must be able to pay the car down payment and get a car purchase contract.

3. Have a good credit record and no other overdue information on car loans.

4. Have a stable source of income and be able to repay on time.

5. Have legal identification, and in some places, mortgage items or real estate licenses are needed.

6. Other requirements of local policies can be met.

Steps of applying for automobile loan

1. Apply to the bank, fill in the corresponding application form and submit the application materials, including ID card, income certificate, real estate license, household registration book and other related loan contracts.

2. After approval, a loan contract and a guarantee contract can be signed. If you want to be more secure, you can handle the relevant notarization and do a good job in mortgage registration.

3. After the bank or financial institution confirms it again, it will transfer the money to the account agreed by the individual.

Then you need to repay the money within the time stipulated in the contract. Of course, you can also settle the car loan in advance, but you have to charge a certain penalty. If the car loan has not been paid for more than 3 months, it may be entered into the credit information system. Serious cases may be prosecuted and vehicles will be towed away for auction. The proceeds from the auction will be used to pay off debts.

5. After the car loan is settled within the specified time, you need to bring valid documents to the bank or mortgage payment institution to obtain mortgage certificates such as settlement vouchers, and go through the mortgage registration cancellation procedures at the original mortgage registration department.

Examples of car loans

1. Take a car of about 65,438+10,000 yuan as an example, and pay 30% down payment, that is, 30,000 yuan. But in fact, how long the loan lasts mainly depends on the individual's repayment ability. If you spend some money every month, the quality of life will not improve. At this time, the shorter the loan period, the better. After all, the total cost may be 10 thousand yuan more than buying a car in full.

2. Take the interest of 65438+36 installment of car loan as an example. The collection and payment of 65438+30 million yuan is about 7000 yuan, and there are other payment items, such as insurance and extended warranty, purchase tax and licensing fee. If you buy insurance in a 4s store, you need at least 6000 yuan, while the purchase fee needs about 8500 yuan, and the authorization fee needs 350 yuan.

Finally, the car loan interest rate is determined according to the lender's credit information, down payment ratio and preferential activities. Of course, this annual interest rate should also be affected by the loan term, but it will generally fluctuate according to the central bank's benchmark interest rate of 4%-7%.