The term of car loan is generally about 3 years, but it will not exceed 5 years. Users generally need to pay more than 30% down payment before handling car loans. In terms of loan interest rate, according to the regulations of the central bank, the benchmark interest rate for auto loans is also implemented, but major financial institutions can fluctuate within a certain range. Generally speaking, customers with excellent conditions can enjoy the benchmark interest rate or float down about 10%, while ordinary customers need to float up about 10% on the basis of the benchmark interest rate.

Extended data:

The requirements for handling car loans are as follows:

1. Applicant 18 years old or above, and needs to have full capacity for civil conduct. But some places require applicants to be over 23 years old. Please consult the staff for details.

2. Have a stable occupation and the ability to repay the loan principal and interest on schedule.

3. Personal social credit is good, and there should be no trace of frequent credit inquiry in a short time, and other loans or credit cards under his name are not overdue.

4. It is best to have a stable residence where the loan is located.

5. Other conditions stipulated by the Cooperation Organization.

The difference between owner loan and car loan:

Ping an car owner loan is a loan that only needs vehicle registration certificate as collateral, and car loan is a loan that does not take the car or install GPS. Both can be used for personal consumption or business, and the main differences are as follows:

1. Loan amount:

The loan amount of the owner's loan ranges from 300,000 yuan to 500,000 yuan; The car loan amount is between 500,000 and 500,000.

2. Application conditions:

The owner's loan requires the borrower to be between 22 and 60 (inclusive); It is a non-operating vehicle under my name and has been licensed for 3 months; The service life of the vehicle shall not exceed 10 year (subject to the date of first registration), and the mileage shall not exceed10.5 million kilometers; The approved value of the vehicle × the loan ratio shall not be less than 30,000.

Car loans require borrowers to be between 25 and 55 years old (customers who purchase performance insurance can be relaxed to 22 to 60 years old); Have a full car, no mortgage; The vehicle purchase shall not exceed 7 years (subject to the date of first registration), and the mileage shall not exceed1.2000 km; The vehicle evaluation value is above 70,000 (inclusive).

Automobile loans overdue collection:

Different banks or lending institutions may have different regulations, but basically they will stipulate in the loan contract that if the loan is not repaid for more than three months and the overdue nature is bad, it will be forced to auction. At the same time, other assets under the name may also be frozen for disposal.

It can be seen that the car loan is overdue for more than three months. Everyone must remember to pay back the car loan on time after buying a car.

If it is overdue, it may be just a collection at first, but once it is overdue for less than three months, the nature is different, and it is likely to be recognized as malicious overdue by banks or lending institutions. If it is overdue, not only will the car be taken back for auction, but personal credit will definitely be greatly affected. Therefore, even if you can't afford it for a while, you should take the initiative to negotiate instead of turning a blind eye to the collection.

How long does it take to buy a car with a loan?

It usually takes half a month to buy a car with a loan.

After the approval, the customer also needs to sign a loan contract at the business outlet of the bank (auto consumption finance company) within the agreed time, handle the mortgage and other related procedures, and then enter the lending process. It usually takes three to seven working days from car loan approval to loan release.

If the car loan approval result is delayed or the loan is delayed after the car loan approval, the customer can take the initiative to call the handling bank (auto consumption finance company) to consult the customer service.

Loan car purchase process

1. First, find financial institutions willing to provide loans. Many brands of cars have their own financial companies, and if there is no dealer, they will recommend them.

2. Find the financial institution that provides the loan, and then prepare the financial proof materials, including: real estate license, work certificate, social security certificate, household registration book, ID card, personal credit certificate issued by the People's Bank of China, and personal account of the bank in the last three months.

3. The whole loan approval process takes about 15 working days. Some vehicles need to pay part of the down payment, so you need to prepare some cash.

Now the price of vehicles is relatively cheap, and many people have little pressure to borrow money to buy cars, so it is very common to handle them, so it takes a short time. However, for those who are not clear, you should carefully look at the content of this article to be more clear. Please consult a professional lawyer if you have any other questions.

How to stipulate the term of car loan? Interpretation of the relevant provisions on the term of car loan

How to stipulate the term of car loan? Buying a car with a loan allows people to enjoy convenient travel in advance. With the improvement of people's consumption level, loan to buy a car has gradually become popular in recent years. Let's talk about how the term of car loan is stipulated. Interpretation of the relevant provisions on the term of car loan It is understood that the term of car loan is generally not particularly long. Because cars are not as easy to depreciate and consume as houses, loans to buy cars often don't last long. Usually, the longest time for a borrower to buy a car with a loan is about 5 years, and the most common time is 1-3 years. Under special circumstances, the borrower can also extend the loan term to 10 year. The time limit for borrowers to apply for loans to buy cars should not be too long. Bian Xiao believes that if the term is too long, the car may have become old, but the loan is still being repaid. At the same time, the cost of a longer term will increase accordingly, and borrowers should repay according to their repayment ability.

How many years can I borrow a car loan?

The term of auto loan is generally 1-3 years, and the longest is no more than 5 years. The following is an introduction to auto loans:

1. Loan object: The borrower must be a resident of the permanent residence where the loan bank is located and have full capacity for civil conduct.

2. Loan conditions: the borrower has a stable occupation, the ability to repay the principal and interest of the loan, and good credit; Approved assets can be provided as collateral or pledge, or a third person with sufficient compensation ability can be used as a guarantor to repay the principal and interest of the loan and bear joint liability.

3. Loan amount: The maximum loan amount generally does not exceed 80% of the price of the purchased car.

4. Loan term: The loan term for general automobile consumption is 1-3 years, with a maximum of 5 years.

5. Loan interest rate: uniformly stipulated by the People's Bank of China.

6. Repayment method: One-time principal and interest difference method and installment repayment method (equal principal and interest, equal capital) can be selected.

1. Car loan refers to the loan issued by the lender to the borrower who applies for buying a car. Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at their special dealers. The interest rate of automobile consumption loan refers to the ratio of the loan amount to the principal given by the bank to consumers, that is, borrowers, for purchasing their own cars (non-profit family cars or commercial vehicles with less than 7 seats). The higher the interest rate, the greater the repayment amount of consumers.