A car mortgage loan is a loan product in which an individual's own vehicle is mortgaged to a bank to obtain a loan directly. The loan funds can be used for various consumption and business purposes. After the mortgage, the vehicle remains for personal use. Loan conditions: Basic requirements for applicants: 25-55 years old, with stable income, good credit, and no major bad repayment records. The mortgaged vehicle must meet the following requirements: The vehicle is in the applicant's personal name and currently has no mortgage; and the purchase is not More than 5 years old (based on the first registration date); and the vehicle’s appraised value is more than 100,000 (inclusive). Loan application materials: Second-generation ID card, vehicle driving license and motor vehicle registration certificate, proof of income, such as bank statement or income certificate issued by the company, proof of residence, such as utility bills, etc. Loan process: Go to apply for a loan - the bank will review and sign the loan Contract - Mortgage Registration - Bank Lending