Credit card loan to buy a car is a credit loan, no collateral is needed, and the process is simpler.

Cardholders need to provide credit cards and personal identification certificates within the validity period, and at the same time, they need to ensure that credit cards have no bad records in past use, and it is best to have good credit card and repayment records.

Some banks also require applicants to have a stable job or income.

If the cardholder has not applied for a bank credit card, he can also apply for a credit card loan to buy a car directly, and the bank will issue a credit card to the cardholder together with the business.

Specific process:

1, you can call the bank's customer service phone first to inquire whether you can participate in the credit card loan car purchase business and how much the exclusive car purchase quota can be approved;

2. The cardholder shall apply for car purchase by stages at the designated dealer's store with valid identity documents;

3. The cardholder confirms the purchased vehicle, fills in the purchase order and submits it to the bank for verification.

4. After the car purchase qualification is approved, the cardholder pays the down payment (generally no credit card is required) and handles licensing, insurance and mortgage (some customers can be exempted from mortgage, and the final result is subject to the audit);

5. The bank will review the loan in the background, and the cardholder will pick up the car after completing the loan procedure.

How much is the interest on buying a car with a credit card loan?

There is no interest on buying a car with a credit card loan, but the installment fee will be charged according to the number of installments, and the installment fee stipulated by each bank is different.

Bian Xiao has sorted out several bank credit card car purchase fees for cardholders' reference.

agricultural bank

(Best Quote)

12-4.5%

24 issues -7.5%

36 issues-1.45%

Industrial and Commercial Bank of China

12-5%

24 issues -8%

36 questions-1 1%

Bank of China

12-4%

24 issues -8%

36 issues-12%

China Merchants Bank

12-5.5%

24 issues-1.5%

36 issues-14.5%

Minsheng Bank

12-5.8%

24 issues-1 1.6%

36 issues-17%

(Note: The above data are for reference only, subject to the official data of banks. )

Credit card loans to buy a car in a less than full way generally require the cardholder to pay a certain down payment. For example, China Merchants Bank requires cardholders to pay at least 30% of the car price (the down payment for some models is as low as 20%).

You can apply for a credit card loan and repay it in installments. Of course, each cardholder can apply for a different loan amount. Please consult the issuing bank.

Precautions for buying a car with a credit card loan:

1

Most banks have designated cooperative automobile manufacturers, which have certain restrictions on the models that consumers can choose.

2

Some banks require cardholders who apply for credit card loans to buy cars to mortgage their vehicles and purchase designated auto insurance according to regulations. Cardholders are advised to communicate with the bank in advance.

three

Because credit card loans to buy a car are essentially credit loans, banks pay more attention to the personal credit of cardholders.

four

The longest installment is 36 (3 years), and the actual operation is controlled at 12-24.

What are the advantages of buying a car with a credit card loan

1, credit card loans to buy a car do not need to provide corresponding property guarantees, eliminating the cumbersome procedures and extra expenses such as intermediary notarization;

2. The application process is simple and easy to approve.

Second, how to handle the process of buying a car in stages by China Merchants Bank?

1.

Make an online reservation for the application amount, fill in the application form for car installment, choose the car purchase city and brand, and submit the application to get the loan amount.

2.

The staff of China Merchants Bank will contact you to help with the application. After receiving the application, the staff of China Merchants Bank will call to confirm your request and tell you the relevant matters. If in doubt, you can communicate directly with the staff of China Merchants Bank.

3.

Qualification Examination of China Merchants Bank China Merchants Bank will examine the qualifications of the applicants and grant the loan amount after passing the examination.

4.

To pay the down payment for insurance and handle the installment business of China Merchants Bank, you need to use a payment method other than my China Merchants Bank credit card to pay at least 30% of the car price (the down payment for some models is as low as 20%).

Third, if you buy a car with a loan from China Merchants Bank, how to handle the process?

Hello, first choose the car you like, and then fill in and submit the application intention form of China Merchants Bank. 1 hour, the account manager of China Merchants Bank will call you to tell you the audit result. If approved, you should prepare relevant personal information and other materials in advance, and the loan will be approved in a few days, so you can purchase the house with your loan.

4. How to handle the process of buying a car by stages in China Merchants Bank?

If you have seen the car you need to buy through the car dealer, you can confirm whether you have cooperation with China Merchants Bank through the car dealer. If not, you can try to contact the personal loan department at the counter of China Merchants Bank directly to apply for a loan for you. The handling bank needs to examine your situation in detail to determine whether it can be handled.