Pure credit loan, without any mortgage. After repayment, you only need to take the initiative to apply to the lending institution for issuing the loan settlement certificate. This certificate is an important document to prove that the loan has been fully paid off and can be used to prevent potential disputes. You don't take the initiative to ask for a certificate, and the lending institution won't take the initiative to provide it. After the loan is paid off, just cancel the loan account and other finishing work.
The mortgage certificate that needs to be registered, there is no mortgage loan, the vehicle is not restricted, and the owner can use it normally. After repayment, you need to get back the motor vehicle registration certificate and go through the formalities of car release. The specific steps are as follows:
Contact the lending institution to obtain the loan settlement certificate and relevant materials required for vehicle release.
Go through the formalities of vehicle release at the vehicle management office of the registered place. The handling process includes filling in the Application Form for Vehicle Mortgage Cancellation Registration and Filing and submitting mortgage cancellation materials. The vehicle management office will review and indicate the date of mortgage cancellation and related information on the motor vehicle registration certificate, indicating that the vehicle has been mortgaged.
After the vehicle is released, some finishing work needs to be done, such as dismantling the GPS positioning equipment installed by the lending institution, returning the loan deposit, and going through the formalities of car loan insurance surrender.
Can the unsecured loan car be directly transferred?
Of course. The unsecured loan car can be directly transferred during the loan repayment period. Unsecured means that the user enjoys the ownership of the vehicle and can handle the ownership of the vehicle. Ordinary car loans need mortgage ownership, so cars without mortgage loans basically do not exist. Of course, special circumstances are not ruled out. As long as the user owns the ownership of the vehicle, the ownership can be transferred. After the transfer, because the loan is applied by the user himself, it still needs to be repaid on time.