Materials required for installment payment:
1. Identification information.
2. Proof of local residence: the list of fixed telephone payment in the past year or any three months, or the list of utilities, or other information that can prove the address.
3. Guarantee certification materials.
4. Proof of use: provide the invoice for the full amount of car purchase before the loan is issued, or provide the car purchase agreement (contract) plus the down payment invoice (or the receipt stamped with the dealer's official seal). After the loan is issued, the full car purchase invoice (if not provided before the loan is issued) and the vehicle purchase tax payment certificate must be provided.
5. Proof of repayment ability: customers who pay wages on behalf of China Merchants Bank can directly provide the running water of their wage accounts; Social security account flow or personal tax bill, etc.
What does it mean to pre-check the car in stages?
Auto financing loan pre-trial, the general auto loan will be reviewed twice. You only need the mobile phone number of your ID card for the first time. This will be faster. You came out less than five minutes after you filled in the information. If you pass, you will be examined for the second time. If you fail, you will not be able to enter the second step.
Pre-trial is to screen big data and exclude some people.
What is the general process of car loan audit?
What are the specific operation steps of the car loan review process and what materials need to be prepared for the car loan review? I sorted out what the car loan review process is generally like for you, I hope you like it!
General operation process of car loan review process
First of all, the lender needs to prepare ID card, residence certificate, work certificate, loan use certificate and other supporting materials, go to a bank, fill out an application form and fill out a contract.
Then, wait for the bank's pre-loan qualification investigation and approval. If the lender meets the loan conditions stipulated by the bank, the bank will inform the lender to fill out some loan forms. If the loan applied by the lender needs mortgage or guarantee, it is also necessary to sign a guarantee contract and a mortgage contract, and go through the mortgage registration procedures; If the loan is unsecured, there is no need to sign such a contract.
Secondly, banks issue loans to lenders. Generally, banks will lend money within 2 to 3 weeks or 1 month after the approval is completed, and the loan can be released within 1 day at the earliest.
Finally, the borrower will pay the down payment to the car dealer, and handle the car pick-up formalities with the passbook and the car pick-up note issued by the bank.
In the process of applying for personal automobile consumption loan, the applicant needs a copy of ID card, household registration book, marriage certificate, income certificate, bank statement, real estate license and so on.
Automobile loan channel
First of all, the lender needs to prepare ID card, residence certificate, work certificate, loan use certificate and other supporting materials, go to a bank, fill out an application form and fill out a contract.
Then, wait for the bank's pre-loan qualification investigation and approval. If the lender meets the loan conditions stipulated by the bank, the bank will inform the lender to fill out some loan forms. If the loan applied by the lender needs mortgage or guarantee, it is also necessary to sign a guarantee contract and a mortgage contract, and go through the mortgage registration procedures; If the loan is unsecured, there is no need to sign such a contract.
Secondly, banks issue loans to lenders. Generally, banks will lend money within 2 to 3 weeks or 1 month after the approval is completed, and the loan can be released within 1 day at the earliest.
Finally, the borrower will pay the down payment to the car dealer, and handle the car pick-up formalities with the passbook and the car pick-up note issued by the bank.
In the process of applying for personal automobile consumption loan, the applicant needs a copy of ID card, household registration book, marriage certificate, income certificate, bank statement, real estate license and so on.
Repayment method of automobile loan
You can choose one-time repayment and installment repayment (equal principal and interest, average principal).
One-time principal and interest payment method
Also known as the one-time repayment method, it means that the borrower does not repay the principal and interest on a monthly basis during the loan period, but pays the principal and interest in one lump sum after the loan expires. Recently, the People's Bank of China issued a personal housing loan with a term of 1 year (including 1 year), which adopted this method. At present, the bank stipulates that the loan period is within one year (including one year), so the repayment method is a one-time repayment of principal and interest, that is, the principal of the initial loan plus the interest of the whole loan period. The calculation formula of one-time repayment of principal and interest is as follows:
One-time repayment amount = loan principal ×[ 1+ annual interest rate (%)] (loan term is one year)
One-time repayment of principal and interest at maturity = loan principal ×[ 1+ monthly interest rate (‰ )× loan term (month)] (loan term is less than one year)
Where: monthly interest rate = annual interest rate12.
If the housing provident fund loan is 6,543,800 yuan and the loan period is 7 months, the one-time repayment of principal and interest is:
10000 yuan × [1+(4.14% ÷ 65438+February) × July] = 1024 1.5 yuan.
Average capital plus interest
Matching principal and interest refers to a repayment method of housing loans, that is, repaying the same amount of loans (including principal and interest) every month during the repayment period.
The calculation formula of monthly repayment amount is as follows:
[loan principal × monthly interest rate ×( 1+ monthly interest rate) repayment months ]=[( 1+ monthly interest rate) repayment months-1]
Average capital
It is to divide the total loan into equal parts during the repayment period, and repay the same amount of principal and the interest generated by the remaining loans in the month every month. In this way, because the monthly repayment amount is fixed and the interest is less and less, the lender is under great pressure to repay at first, but with the passage of time, the monthly repayment amount is less and less.
Calculation formula of average capital loan:
Monthly repayment amount = (loan principal/repayment months)+(principal-accumulated amount of repaid principal) × monthly interest rate.
Microfinance and low interest rates:
For example, the loan is 6.5438+0.2 million yuan, with an annual interest rate of 4.86% and a repayment period of 654.38+00 years.
Matching principal and interest:1repayment after 0 years 15 1750.84 yuan, with total interest of 3 1750.84 yuan.
Average capital:1repayment after 0 years 149403.00 yuan, with total interest of 29403.00 yuan.
Matters needing attention in automobile loan
Whether to buy a car depends on the owner's funds. When asked about the advantages and disadvantages of car loans, most car dealers are somewhat evasive. They believe that buying a car with a loan can not only enable citizens with insufficient funds to buy their favorite cars in advance, but also allow some citizens with sufficient funds but other uses to free up some funds that would have been used for car prices for development. However, the resulting interest and extra costs have been ignored.
Undoubtedly, "interest-free, fee-free" makes many people who can't afford a car have the impulse to buy a car. However, the problems behind this kind of value for money have made many people ill-considered. Some auto credit practitioners believe that consumers must pay attention to three points when buying a car with loans:
First, after enjoying the "zero-interest-free loan" of the merchants, can you still enjoy the preferential price of the car?
Secondly, the car loan fee in the market a few days ago was in the range of 4%~7.5%, whether it was interest-free and fee-added;
Third, the general car purchase interest rate is charged according to the bank benchmark interest rate. Regardless of whether the handling fee is unavoidable, the interest is floating on the basis of the bank's benchmark interest rate. At the same time, due to the choice of loans, new car insurance must be "fully insured", which will result in a large premium expenditure.