If you apply for a mortgage loan in which the vehicle is still being mortgaged, it will be more troublesome, because the mortgage loan in which the vehicle is still being mortgaged is a secondary loan, and some institutions will directly refuse it. Even if it can be done, it needs a long-term loan, in which the vehicle has room for refinancing. If you apply for a loan before the car loan is paid off, the lending institution will review the lender's debt ratio to see if the lender has the repayment ability. If there is no problem with repayment ability, the lender can still apply for a loan.
How to get the green paper after paying off the car loan?
1. If the car loan is paid off, you can go to the loan bank to handle the car loan formalities within ten days.
2. After paying off the auto loan, the lender can go through the relevant formalities at the vehicle management office with the motor vehicle registration certificate, loan repayment certificate, motor vehicle mortgage registration form, pledge filing application form, power of attorney and motor vehicle owner's ID card issued by the lending institution, and get it back after handling the green copy.