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What are the requirements for car loan in Beijing?
The requirements for foreigners to borrow money to buy a car in Beijing are as follows: 1. When foreigners borrow money to buy a car in Beijing, the down payment must reach at least 30% of the car price. At the same time, because they need a loan to buy a car in the early stage, it is recommended to prepare more than 40% down payment;

2. Foreigners who want to borrow money to buy a car in Beijing can find a real estate customer in Beijing as a guarantee;

3. The loan term is generally 3 years, with a maximum of 5 years, stable occupation, the ability to repay the principal and interest of the loan on schedule, and the loan purchase contract or agreement recognized by the lender;

4. Confirm each repayment with the bank in time. If you go out, you need to prepare for repayment in advance. If the individual fails to repay the loan within the specified time, the bank will auction the mortgage of the personal loan to buy a car as agreed, and the personal credit will also have a bad record, which will affect the personal loan in the later period.

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