Car loan is to use the newly bought car as collateral and borrow money from the bank. If the lender is not the owner, this mortgage will not be established. If you use your parents' house as collateral, it is not a car loan, but a personal consumption loan.

Processing flow:

1. First, the lender needs to prepare proof materials such as ID card, residence certificate, work certificate and loan purpose certificate, go to a bank, fill out an application form and fill out a contract.

2. 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.

3. 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.

4. 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. Applicants need a copy of ID card, household registration book, marriage certificate, income certificate, bank memo, real estate license and so on.

Extended data:

Personal loan car purchase business is divided into direct customers, indirect customers and credit card car loans. The direct customer type is generally a bank car loan for customers to meet directly, and the indirect customer type is generally a car loan from an auto finance company to a customer car loan.

In order to increase the sales of cars, the government and financial institutions jointly launched the business of buying cars with personal loans. Generally, the longest mortgage loan for buying a car is five years, and the down payment is more than 30%. The interest rate is mainly determined according to the loan type and personal qualification.

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