There is room for refinancing for cars with two mortgage.
The procedures for handling the second mortgage of the car should be complete.
The borrower has a legal and stable source of income and repayment ability.
Other conditions required by the lending institution.
Judging from the above conditions, if a car wants to apply for a mortgage loan for the second time, it needs the borrower to have a legal and stable income in addition to the space for the second loan. Only by meeting these two conditions can we apply for the second mortgage of the car.
Used car mortgage loan process:
The age of the mortgage car must be less than 5 years; Cars in 2008 can only be mortgaged 1 year, and cars in 2009 can only be mortgaged for 2 years. If the mortgage exceeds 10 years, it can be mortgaged for 3 years. To meet the above requirements, the shortest mortgage period can be 6 months.
Mortgaged vehicles must provide: ID card, household registration book, driver's license, marriage certificate (optional), bank account, income certificate and real estate. (If married, both husband and wife certify)
The down payment of the mortgaged vehicle must exceed 30% of the purchase price, and no real estate license is required for more than 50%.
The mortgagor of the mortgaged car should have a good credit record in the bank credit card.
If the mortgagor is a foreigner, he needs to apply for a local temporary residence permit, with two copies and official seal.
Before the transfer, the commercial insurance of the mortgaged vehicle must be surrendered, and only the compulsory insurance is retained.
After the mortgagor's information is approved, handle the vehicle transfer, and indicate whether the vehicle has a violation record; Whether the vehicle is mortgaged, pledged or sealed up. After confirmation, the vehicle shall be transferred and put on record.
After the transfer of the mortgaged vehicle, the national unified invoice (original copy), the traffic insurance bill (original), the vehicle registration certificate and the second-hand car driving license must be retained.
Inform the mortgagor to purchase commercial insurance in Guanghui 4S store.
After the information uploaded by the mortgage department is verified, wait for the loan.