After paying off the car loan, the borrower must go through the mortgage cancellation registration formalities at the vehicle management office and get back the car property certificate.

When handling the mortgage cancellation registration procedures, the following materials must be prepared:

1. Valid identification documents of the borrower, the applicant and the vehicle owner;

2. The loan contract signed with the bank;

3. Loan repayment card;

4. Original motor vehicle registration certificate.

Extended data:

Automobile loan process:

1, select the loan car purchase mode. Customers apply for loans to buy cars directly at bank outlets. After the guarantee procedures are implemented, customers can choose dealers to buy their own satisfactory vehicles.

2. Application: After you are optimistic about the vehicle you want to buy, fill out the Application Form for Automobile Consumption Loan and the Credit Status Questionnaire, together with the relevant certificates of personal situation and the price (fare) of the vehicle.

3. The bank conducts pre-loan investigation and approval: after accepting the loan application, the bank investigates the credit status of the borrower and guarantor. For those who meet the loan conditions, the bank will promptly notify the borrower to fill in various forms.

4. Contract signing: notify the borrower to sign the loan contract, guarantee contract and mortgage contract, and go through the mortgage registration and insurance procedures.

5. Lending: The bank issues loans, which are directly credited to the account of the car dealer.

6. Handling car pick-up procedures: the borrower pays the down payment to the car dealer, handles the car pick-up procedures with the passbook and the car pick-up note issued by the bank, and gives the car a license.

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