Introduction of automobile loan business of China Bank
I. Term of the loan
1. The loan period for passenger cars is generally not more than 3 years, and the longest one that meets the corresponding conditions is not more than 4 years.
2. The loan period of trucks and engineering vehicles is generally not more than 2 years, and the longest loan period that meets the corresponding conditions is not more than 3 years.
Two. amount of loan
1. In principle, the loan amount for passenger cars shall be controlled within 60% of the price of purchased vehicles.
2. The maximum loan amount for trucks and engineering vehicles should be controlled within 50% of the purchase price of vehicles in principle.
Three. loan rate
According to the length of the loan term, the loan interest rate of the corresponding grade published by the People's Bank of China shall not be lowered.
4. When applying for loan business, the following materials shall be provided:
Loan application;
(2) The original ID card, household registration book or other valid residence certificate of the loan applicant and spouse, and provide a copy;
(3) Proof of occupation, economic income and family basic situation (including but not limited to the certificate issued by the unit or neighborhood committee or village committee);
(four) the car purchase agreement or contract signed with the dealer;
(5) Certificates or documents required for guarantee, including but not limited to the following documents:
1. List of collateral/pledge and proof that the transferor (including the property owner) agrees to the collateral/pledge;
2. The certificate of ownership or use right of collateral issued by the competent department, the written appraisal certificate issued by the department recognized by China Bank, and the document agreeing to insure;
3. Pledged goods must provide proof of rights;
4. The guarantor agrees to perform the joint and several liability guarantee documents and relevant credit certification materials.
(6) Proof of business content, current and historical business conditions (including but not limited to lease agreements, contracts, transportation documents, etc.). ).);
(seven) proof of the ability to pay the down payment for car purchase;
(eight) the purpose of purchasing the vehicle and the corresponding income forecast;
(9) Other documents required by China Bank.
Verb (abbreviation of verb) loan guarantee letter
Bank of China does not accept natural person guarantee. You can choose the following guarantee methods:
(1) Vehicle mortgage and legal person guarantee of automobile dealers, guarantee companies or automobile production enterprises;
(2) Real estate mortgage;
(3) Pledge of certificates of deposit or other securities that meet the requirements of the Bank;
(4) Other guarantee methods recognized by China Bank.
Intransitive verb loan insurance
You should apply for mortgage insurance according to the requirements of the Bank of China. The insurance period shall not be shorter than the loan period, and the insurance amount shall not be less than the sum of the loan principal and interest. The insurance policy shall indicate that the Bank of China is the first beneficiary, and the insurance policy shall not contain any restrictive clauses that are detrimental to the lender's rights and interests. If the purchased vehicle is used as collateral, it shall at least include the following types of insurance:
1, motor vehicle loss insurance;
2. Theft and rescue;
3. Third party liability insurance;
4. Spontaneous combustion insurance;
5. No liability insurance;
6. The borrower must purchase passenger liability insurance when purchasing a passenger car;
7. Other types of insurance required by the handling bank.
Seven. make loans
After the mortgage/pledge contract or guarantee contract comes into effect and the corresponding mortgage/pledge procedures are fulfilled, Bank of China will transfer the loan to the designated dealer's account according to the authorization and supervise the use.
Eight. Loan repayment
Personal car loans must be repaid with average monthly funds or equal principal and interest, but they cannot be repaid in one lump sum when due.
1. The loan contract shall clearly stipulate the repayment method and principal and interest repayment plan of the loan;
2. Customers can choose repayment methods according to their needs, but only one repayment method can be selected for a loan. After the contract is signed, it may not be changed without the consent of the Bank of China.
Nine. Applicant's conditions
(a) The people of China and citizens of China;
(2) Having full capacity for civil conduct;
(three) valid identity documents, local permanent residence and detailed address;
(4) Having sufficient reliable ability to repay the principal and interest and a legitimate source of income;
(5) Good personal credit;
(six) to provide a car purchase contract or agreement recognized by the handling bank;
(seven) to provide collateral or pledge recognized by the handling bank or an irrevocable third party joint liability guarantee provided by an individual or unit with sufficient compensation ability;
(eight) the borrower has a business license certificate (such as road transport business license, transport certificate, etc.). ) adapt to the type of operating vehicle purchased;
(9) The borrower can provide proof of the loan purpose, business content and current and historical business conditions (including but not limited to lease agreements, contracts, transportation documents, etc.). ).);
(ten) proof of paying the down payment for car purchase as stipulated in these Measures;
(eleven) other conditions stipulated by the handling bank.
Million car purchase subsidy