A car loan refers to a loan issued by a lender to a borrower who applies to buy a car, also known as a car mortgage loan. Car loans can be availed through bank loans, credit card installment loans and car finance company loans. At present, many auto finance companies have opened online loan platforms. Users can apply by entering the official website and filling in the information.
What factors will affect the application of car loans?
Borrowers and lenders also consider an applicant's creditworthiness, since typical auto loans are secured loans, similar to unsecured loans. Therefore, lenders need to consider the creditworthiness of the applicant and the capabilities of the guarantor. Generally, an insurance company is the guarantor, and the insurance company provides guarantee in the form of joint liability guarantee. Therefore, applicants and lenders must first find a professional and reputable insurance company as a guarantor to apply for a loan.
How long does it take to complete a car loan?
1. Application materials generally required for loan application: 1. Appraisal materials; 2. Marriage documents: marriage certificate, divorce certificate, unmarried statement, etc. ; 3. Proof of local residence: fixed telephone bill list for any three months in the past year, or utility bill such as utility bill list, or other information that can prove the address; 4. Guarantee document; 5. Proof of use: loan disbursement Provide a complete purchase invoice in advance, or provide a purchase agreement (contract) plus a down payment invoice (or a receipt stamped with the official seal of the dealer). After the loan is disbursed, a complete car purchase invoice (if not provided before the loan is disbursed) and a vehicle purchase tax payment certificate must be provided; 6. Proof of repayment ability: Salary customers of our bank can directly provide their salary account statements; social security account statements or personal tax Table etc. ; If you need to provide other information for this loan, the handling bank will notify you in time. You can also confirm this information in detail through the handling bank when applying for a loan. 2. In principle, it takes about 15 working days for banks to approve loans, because it involves evaluation and other links, which vary from city to city; you can contact the handling website to confirm the specific loan issuance time, review status, processing progress, cancellation and other related information (online customer service and telephone manual cannot be verified at the moment).
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