Legal basis of loan
People's Republic of China (PRC) Commercial Bank Law
Article 36 When a commercial bank lends money, the borrower shall provide guarantee. Commercial banks should strictly examine the repayment ability of guarantors, the ownership and value of collateral, and the feasibility of realizing collateral.
After examination and evaluation by a commercial bank, it is confirmed that the borrower has a good credit standing and can repay the loan, and no guarantee may be provided.
Article 37 A commercial bank shall sign a written contract with the borrower when issuing loans. The contract shall stipulate the type, purpose, amount, interest rate, repayment period, repayment method, liability for breach of contract and other matters that both parties think need to be agreed.
When buying a car with a loan, we must pay attention to three points:
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.
Which is the higher mortgage interest rate VS car loan interest rate?
Car loan interest rate refers to the loan interest rate that people use when they borrow money to buy a car. It is the interest rate of a specific automobile loan agreed by the lender and the borrower according to the statutory loan interest rate and the floating collusion range stipulated by the People's Bank of China, and it is stated in the loan contract.
The mortgage interest rate is to borrow money from the bank to buy a house, and the loan must pay interest according to the interest rate stipulated by the bank. This interest rate is the mortgage interest rate. The mortgage interest rate in China is uniformly stipulated by the People's Bank of China. But each commercial bank can float within a certain range. The mortgage interest rate is not always constant, but often changes. At present, interest rates have been rising, so we often compare the situation before and after raising interest rates.