Interest-free loan means that after the user applies for a loan, he only needs to repay the loan principal according to the repayment plan, and the loan interest does not need to be repaid by the lender. For example, student loans, students are free of interest during their school days, or interest-free loans launched by 4S stores in stages. During the repayment period, the user only needs to return the loan principal. Therefore, users can apply for interest-free loans and apply as much as possible.

Because loans are interest-free, such loans are usually credit loans, and users' failure to repay on time will also affect their personal credit.

How to apply for an interest-free car loan?

Go through the necessary formalities with the relevant financial institutions. The loan procedure is as follows:

1, valid personal identification;

2. Household registration certificate or long-term residence certificate (the residence certificate can provide utilities, telephone charges, etc.). );

3. Personal income certificate, family income or property certificate when necessary;

4. Work certificate of the current unit;

5. Marriage certificate and spouse ID card (unmarried spouse's materials and marriage certificate are not required, but divorce certificate or divorce agreement is required). Car purchase agreement, contract or letter of intent signed with the dealer (both new and used cars can be issued).

First, buy a car with an interest-free loan

As the name implies, buying a car with an interest-free loan is to set the interest of the loan to zero, and only need to repay the principal of the bank. However, interest is the profit point of these lending financial institutions.

Second, the loan object

One kind is people with stable jobs and high incomes, who want to buy a car but can't afford the full amount. These people are mainly young buyers under the age of 30. Because of their short working hours and limited deposits, interest-free loans are very popular among these people.

The other category is some consumers who are better at financial management.

Third, the way of car loan.

There are two common loan methods in the market. One is "1-3 years interest-free loan method", which is also the most common mortgage loan method in the market. Consumers only need to pay the principal, and all the interest generated during the period shall be borne by the dealer. However, only within the interest-free period stipulated by the manufacturer, the repayment is zero interest, and the expenses arising from the interest in the remaining months will be paid normally.

The other is "13 months interest-free loan method", which has a maximum term of 13 months, and the repayment within the specified period is zero interest, so early repayment is not supported.

Fourth, matters needing attention

The so-called zero interest rate means that consumers only need to pay a certain down payment when buying a car, and the rest can be paid to the lender in installments without paying any interest.

Chen Hongsheng, director of the public relations department of Dongfeng Citroen, said that auto loans with zero interest rate and zero down payment are equivalent to disguised auto promotion. Unlike foreign countries, China's' zero interest rate' can't be regarded as a real interest-free loan. Whether users can get actual price concessions still needs to be measured by users themselves. "

Take the "zero interest rate" car loan method selected by users, the car loan needs to be carried out on the basis of the full price of the original factory guide price of the vehicle. For example, if you buy a car with an official guide price of about 6,543,800 yuan, the market quotation may be as low as 85,000 yuan, but the user must apply for a "zero interest rate" loan car purchase business at a price of 6,543,800 yuan. After the loan is finally paid off, the amount of interest-free part is regarded as the preferential price for purchasing this model. In fact, the cost of buying this car has exceeded the actual market value of this car.

Consumers should carefully consider this "zero interest rate" or "zero down payment" car loan method, and ask about the possible costs in the middle of the service, otherwise it may not be worth the candle.

What does it mean to buy a car with an interest-free loan?

1. Interest-free loan is a form of credit activity that banks or other financial institutions lend monetary funds at a certain interest rate and must return them, in which the interest rate is provided free of charge by banks under agreed conditions.

Second, for example, it is correct. An interest-free loan means no interest. A loan of 60,000 yuan a year is 5,000 yuan a month.

Third, in fact, although some areas are interest-free, they charge loan fees ranging from several thousand yuan, which can be negotiated.

Extended data:

Application process:

(1) customer application. Customers apply to the bank, fill in the application form in writing and submit relevant materials at the same time;

(2) sign a contract. After the application materials submitted by the borrower are approved by the bank, the two parties sign a loan contract and a guarantee contract, and go through the relevant notarization and mortgage registration procedures as appropriate;

(3) granting loans. After all the formalities are completed, the loan approved by the bank will be directly transferred to the account of the automobile dealer by the bank according to the contract;

(4) repayment on schedule. The borrower repays the loan principal and interest according to the repayment plan and repayment method agreed in the loan contract;

(5) loan settlement. Loan settlement includes normal settlement and early settlement.

① Normal settlement: settlement on the maturity date of the loan (one-time repayment of principal and interest) or settlement in the last installment of the loan (installment repayment);

② Early settlement: Before the loan maturity date, if the borrower settles part or all of the loan, he must apply to the bank in advance according to the loan contract, and the repayment will be made at the designated accounting counter after the approval of the bank.