Question 2: What do you mean by the final payment of the car loan? The final payment of car loan means that consumers pay the final payment in one lump sum according to the agreement in the car loan contract when implementing the car loan. The final payment of car loan is the part that consumers have not paid except down payment or advance payment.
There are several payment methods for the final payment of auto loans, depending on the loan term.
1, 50% down payment for car loan, and 50% off balance after one year;
2. The down payment of car loan is 30%, the loan period is one or two years, the final payment is 30%, and 40% is paid within the loan period, with regular monthly repayment.
Question 3: What does the balance ratio mean? The balance ratio of car loan usually refers to the remaining amount that consumers need to pay in the last month after paying the down payment and monthly payment. At present, there are two kinds of final payment ratios, one is 505 scheme, with 50% down payment and 50% final payment, and the loan term is 1 year. The other is plan 303, with 30% down payment and 30% final payment.
The balance ratio of car loan usually refers to worry-free loan schemes, such as 505 car loan, 50% down payment, 50% final payment, and loan term 1 year. For those who have fixed deposits or fixed bonuses or income at the end of the year, this car loan scheme.
It is worth noting that the final repayment of auto loans is usually decided by the lending institution and the lender through discussion before the loan.
Question 4: What do you mean by the final payment of the mortgage? The final payment is a loan product launched by finance to serve property buyers. After the real estate transaction is concluded, the buyer applies for a bank mortgage, and the finance pays in advance to help the seller recover all the house payment in time.
Question 5: What is the proportion of the last payment in the car loan? For example, if you borrow 65,438+million yuan, in fact, the principal of 10W is split. Assuming that the balance is 20%, it will be divided into 80,000 and 20,000, of which 80,000 will be repaid in installments over three years and 36 installments, and 20,000 will be repaid in the 36th installment. In other words, the higher the proportion of the final payment, the smaller the repayment pressure at ordinary times, and the greater the pressure in the last period. On the contrary, the opposite is true.
Question 6: What does 50% of the car loan balance mean? As soon as the regulatory authorities opened the floodgates, auto finance companies that had just obtained the "birth certificate" for car loans could not wait to start the pace of rushing to the beach: the monthly supply of "balance" car loans decreased 15% ... Compared with the strict approval regulations of banks, the conditions offered by auto finance companies sounded attractive. The bank's relatively low car loan repayment rate is also very attractive. Facing banks and auto financing companies, which is more economical for citizens to choose auto loans?
The "last payment" looks beautiful
According to the auto finance solution designed by Volkswagen Finance recently, the monthly supply can be reduced by 15% on the traditional basis. The specific provisions are that the down payment should be at least 30% of the car price, and the installment period should not exceed 4 years. Introducing a "tail payment" method, customers can choose 20% of the total car price as the "tail payment", which will be excluded from the total monthly payment, and the interest will be shared in the monthly payment, so that the monthly payment can be lower than that of the bank 15%.
However, financial experts believe that this calculation method may not save money, because the "final payment" will eventually be paid by the customer, and the loan interest rate of auto financing companies is higher than that of banks 1%: for example, the annual benchmark interest rate of personal loans of China People's Bank is 5.022%, so the annual loan interest rate of financial companies is 6.022%. According to the loan of 654.38 million yuan, the four-year loan needs more than 4,000 yuan. Although in practice, the bank's auto loan interest rate may rise, but it will still be lower than 6.022%.
There are too many car loans in the bank.
However, it is not easy to get a car loan from a bank. With the formal implementation of the new "Measures for the Administration of Automobile Loans", there are strict regulations on key issues such as the scope of lenders and borrowers, the down payment ratio of automobile loans, and the repayment period.
The manager of the personal business finance department of a state-owned bank told the reporter that even if the new regulations are not considered, the bank itself is very strict with these requirements. For example, in the new regulations, the down payment ratio of new cars is required to be no less than 20% of the net car value. In practice, most banks require not less than 30%, and they also require borrowers' income. For example, the monthly repayment amount is not higher than 40% of the monthly income; In fact, due to the high risk of car loans, many banks do little about personal car loans, and some banks are basically good retail investors, preferring to be high-quality group customers; Auto financing companies have their own particularities. They are in direct contact with the relevant dealers of auto loan business. Their interests are consistent and their risks are well controlled. It is not unexpected to launch the "final payment" car loan. Banks are different, so we should strictly control risks.
Comparatively speaking, it is much easier for auto financing companies to borrow money. Save the loan interview, just provide the applicant's personal identity certificate, income certificate, etc. Give it to the dealer, and then enter the substantive loan procedure after being audited by the finance company. Generally speaking, loans from auto financing companies can be completed in about two days, while bank loans generally take one week.
Choosing a car loan depends on the situation
It can be seen that whether citizens choose banks or auto financing companies for car loans has its own advantages and disadvantages.
Financial experts suggest that it is ideal to buy a car loan through a bank group, because there will be more benefits for buying a car loan, including repayment interest rate, insurance and after-sales service. If there is no way to buy a group, it depends on your own economic strength. If you have sufficient funds, you may wish to choose a bank. Although there is no "last payment" treatment, the monthly payment pressure will be greater, but the total repayment amount is relatively small; If you can't get the car loan approval from the bank or the funds are limited, I hope that the monthly pressure will be less, and it is also a good way to borrow through the auto finance company.
Question 7: Definition of the payment time of the final payment of the house mortgage loan According to Article 6 of the contract, there is no specific payment date for you. Under normal circumstances, the loan funds are directly transferred to the developer's account and will not enter your personal account. I don't know why.
The contract is fair (in fact, it is more beneficial to you), and both parties bear the same liability for breach of contract. If you are worried that the developer can't pay the house, you can pay it later. 12.3 1 is the delivery date agreed in the contract. If you default on payment, or he doesn't pay the house, the liquidated damages of both parties are equal and can be offset.
Question 8: How to get the final payment of mortgage when selling a house? Hello, did you receive the loan agreement from the bank before you went to handle the transfer? If there is, you don't have to worry about not receiving the final payment, because at that time you were not right about the buyer but the bank.
All housing loans are lent to the seller after the transfer. As long as you receive the loan approval notice from the bank, there will be no problem, just a matter of collecting money sooner or later.
Question 9: I think it's advisable to have a balance loan scheme. What is the balance? Not bad. The final payment refers to the final payment in one lump sum, and it is not required to be paid back every month.
Question 10: How to pay the final payment after one year of mortgage is equivalent to prepayment.
Prepayment process:
Call the loan bank to apply for prepayment;
After the bank agrees, bring my ID card, loan contract, repayment card, property right certificate or purchase contract to the outlet designated by the bank;
Give the information to the staff at the advance payment window, and the bank counter will give you a list to handle;
Deposit the money in the repayment card at the bank counter, and the bank will automatically deduct the money, and then deduct the documents for the lender;
The lender will hand over the deduction documents to the staff at the repayment window, and the bank will give the lender the settlement documents;
After that, the bank staff will take his rights and the lender to the Housing Authority to cancel his rights;
After the cancellation of his other rights, the house is the whole house without debt problems;
End of advance payment;