Can I get a loan if I have a car green book?

You can go to the bank to apply for a mortgage loan with the vehicle's green book (motor vehicle registration certificate).

Generally, It is said that the bank's vehicle mortgage loan will only mortgage the green book and not the vehicle, so it will not affect the borrower's daily use of the car. In this regard, the bank is more user-friendly.

However, although you can go to the bank to apply for a loan with a green book, it may not be approved in the end. If the information submitted by the lender is incorrect, or the personal qualifications do not meet the bank’s requirements, the bank may reject it. Loan, applying for a loan from a bank is not that simple.

At the same time, the bank will also evaluate the loan amount based on the vehicle mortgaged by the lender. Since it is a mortgage loan, it does not mean that the lender can lend as much as he wants. It depends on the collateral provided by the lender. The market value will be evaluated by specialized agencies.

After applying for a mortgage loan, the lender must remember to repay the loan in full and on time. Once it is overdue, it will have an impact on the personal credit report and the bank will charge a large amount of penalty interest. If the number of overdue loans is high, the bank may terminate the loan contract early.

Extended information:

Loans (electronic IOU credit loans) are simply understood as borrowing money that requires interest.

Loan is a form of credit activity in which banks or other financial institutions lend monetary funds according to certain interest rates and must be returned.

Loans in a broad sense refer to the general term for lending funds such as loans, discounts, and overdrafts.

Banks invest the concentrated currency and monetary funds through loans, which can meet the society's need for supplementary funds to expand reproduction and promote economic development. At the same time, banks can also obtain loan interest income. , increasing the bank’s own accumulation.

Principles

The "Three Principles" refer to safety, liquidity and efficiency, which are the fundamental principles of commercial bank loan operations.

1. Loan safety is the primary issue faced by commercial banks;

2. Liquidity refers to the ability to recover loans within a predetermined period or to realize cash quickly without loss. Meet the needs of customers to withdraw deposits at any time;

3. Efficiency is the basis for the bank's continued operations.

For example, if a long-term loan has a higher interest rate than a short-term loan, the efficiency will be good. However, if the loan period is longer, the risk will increase, the safety will be reduced, and the liquidity will become weaker. Therefore, there must be harmony between the "three natures" so that there will be no problems with loans.

Repayment method

(1) Equal principal and interest repayment: that is, the sum of the loan principal and interest is repaid in equal monthly installments.

Housing provident fund loans and most banks’ commercial personal housing loans adopt this method. In this way, the monthly repayment amount is the same;

(2) Equal principal repayment: that is, the borrower will evenly distribute the loan amount and repay it in each period (month) during the entire repayment period, and pay the same amount at the same time. A repayment method that clears the loan interest from the previous transaction day to the current repayment date. In this way, the monthly repayment amount decreases month by month;

(3) Monthly interest payment and principal repayment on maturity: that is, the borrower repays the loan principal in one lump sum on the loan maturity date [with a period of one year] The following (including one year) loans are applicable], the loan interest is calculated on a daily basis, and the interest is returned monthly;

(4) Repay part of the loan in advance: that is, the borrower can apply to the bank to repay part of the loan amount in advance , the general amount is 10,000 or an integral multiple of 10,000. After repayment, the loan bank will issue a new repayment plan, in which the repayment amount and repayment period will change, but the repayment method will remain unchanged. And the new repayment period shall not exceed the original loan period

(5) Repay the entire loan in advance: The borrower applies to the bank to repay the entire loan amount in advance. After repayment, the lending bank will terminate the loan. loan and go through the corresponding cancellation procedures.

(6) Borrow and repay at any time: The interest after borrowing is calculated on a daily basis, and one day is used to calculate the interest. You can settle the payment in one lump sum at any time without penalty

How to get a mortgage loan with your car green book

With your big green book, you can apply for a mortgage loan at the bank. The green copy is the motor vehicle registration certificate, which is the certificate of ownership of the car and can be used as collateral to obtain a mortgage loan from a bank.

According to Article 394 of the "People's Republic of China and Civil Code", in order to guarantee the performance of a debt, the debtor or a third party does not transfer the possession of the property and mortgages the property to the creditor, If the debtor fails to pay its due debts or the situation agreed by the parties to realize the mortgage rights occurs, the creditor has the right to receive priority payment for the property. The debtor or third party specified in the preceding paragraph is the mortgagor, the creditor is the mortgagee, and the property providing guarantee is the mortgaged property.

Required information:

1. "Personal Loan Application Form";

2. Valid personal identity document. Including resident identity cards, household registers, military officer ID cards, passports, travel passes for compatriots from Hong Kong, Macao and Taiwan, etc. If the borrower is married, the spouse's identity certificate must be provided;

3. Household registration certificate or long-term residence certificate;

4. Personal income certificate, and if necessary, family income or property certificate must be provided ;

5. Proof of intention to purchase a car issued by the car dealer;

6: Proof of down payment for car loan;

7. Other than using the purchased vehicle as a mortgage If the guarantee is provided in the form of a guarantee, relevant materials for the guarantee shall be provided, including the pledged rights certificate, the mortgaged real estate ownership certificate and evaluation certificate, a letter of intent for third-party guarantee, etc.;

8. If the vehicle purchased with the loan is for commercial use If you are purchasing a vehicle, you must also provide proof that the purchased vehicle can be legally used for operations, such as an affiliation agreement with a transportation fleet, a leasing agreement, etc.;

9. The vehicle purchased with a loan is a second-hand vehicle, and you must also provide proof of vehicle purchase Proof of intention, vehicle evaluation report issued by an evaluation agency recognized by China Construction Bank; vehicle property rights certificate of the vehicle seller, "Motor Vehicle Registration Certificate" of the vehicle being traded, vehicle annual inspection certificate, etc.

Specific process:

1. Submit a car loan application. After the applicant is optimistic about the vehicle to be purchased, he or she needs to fill out the automobile consumer loan application form and credit rating questionnaire, and submit them to the lending bank together with relevant certificates of personal circumstances.

2. After receiving the application, the bank will conduct pre-loan investigation and approval.

3. For those who meet the conditions after review, the bank will notify the borrower to fill in various forms, as well as loan contracts, guarantee contracts, mortgage contracts, and handle mortgage registration and insurance procedures.

4. The bank issues a loan

5. The borrower will hand over the down payment to the car dealer and go through the car pick-up procedures with the passbook and the car delivery note issued by the bank. In the process of applying for a personal car consumption loan, the applicant needs a copy of the ID card, a copy of the household register, a copy of the marriage certificate, a proof of income, a bank statement, a copy of the real estate certificate and other procedures.

Legal basis:

Article 26 of the "Interim Measures for the Administration of Personal Loans" The lender shall comply with the "Property Rights Law of the People's Republic of China" and the "Property Rights Law of the People's Republic of China". The relevant provisions of laws and regulations such as the "Guarantee Law of the People's Republic of China" and other laws and regulations regulate the guarantee process and operation. The lender shall participate in the registration of collateral as stipulated in the contract. If the lender entrusts a third party to handle it, the registration status of the collateral should be verified. Personal loans guaranteed by guarantee should be completed by no less than two credit officers.

Article 27 Lenders should strengthen the management of loan issuance, follow the principle of separation of loan review and lending, and establish independent loan management departments or positions to be responsible for implementing loan conditions and issuing loans that meet the agreed conditions. Personal Loans.

Can a car title certificate be used as collateral for a loan?

Yes.

An automobile mortgage loan is a loan obtained from a financial institution or automobile consumer loan company using the borrower's or a third party's car or a self-purchased car as collateral. The purpose of a loan using a car as collateral is mainly fast.

Required conditions and materials for applying for car loan and car mortgage loan services:

1. Have a stable occupation, and the applicant has the ownership of the local mortgaged vehicle.

2. Long-term residence and work in the city where business is carried out, proof of occupation and economic income.

3. Motor vehicle registration certificate, driving license, purchase additional tax certificate (copy), and vehicle purchase invoice.

4. Insurance policy, vehicle and vessel tax, and certificates of imported vehicle related taxes.

5. ID card (customers with non-local household registration must provide a valid temporary residence permit or residence permit).

6. Other documents required by the partner institution.

Extended information

The values ??of car mortgage loans are as follows:

1. Quickly obtain cash flow, and the car does not need to be sold, so as to avoid having to buy a new car when you come back. Spend a lot of time and cost.

2. Avoid the embarrassment of borrowing money from relatives and friends, and avoid others knowing about the user.

3. No local household registration is required. As long as the car belongs to you, you can get a mortgage loan.

4. There is no need to make a long appointment. As long as the vehicle is regular and legal, you can get a loan. No deposit is required in the early stage. As long as it is a legal vehicle, a qualified vehicle, an assembly vehicle, etc., the criminal investigation vehicle or the vehicle will be handed over to the public security agency when necessary. deal with.

5. Flexible. When the funds are withdrawn, you can pay back the car immediately without penalty.

6. Get it immediately. The best choice for not selling the car, short-term investment, and short-term turnover. Because this society needs cars, and cars have feelings after being used. Selling them to get turnover is a waste of time and energy.

7. After customers of the "GPS Mortgage Loan Service" car mortgage loan without the need to pledge the car go through the mortgage procedures, the vehicle can continue to be used.