Legal analysis: car loan process: 1. Bring valid personal identity documents and vehicle driving licenses to banks or financial institutions to apply for vehicle mortgage loans; 2. Fill in the vehicle mortgage loan application form; 3. It takes about a week for the bank to review the borrower's qualification; 4. After passing the examination, go through the formalities of vehicle mortgage registration; 5. Sign loan contracts and mortgage contracts with banks; 6. Bank loans, the borrower can repay according to the contract. In most car mortgages, you can mortgage the relevant documents of your riding to a lending institution to get a loan, and the car will be used as usual after GPS is installed.

Legal basis: Article 29 of the General Principles of Loans: All loans shall be signed by the lender and the borrower. The loan contract shall stipulate the loan type, loan purpose, amount, interest rate, loan term, repayment method, rights and obligations of both borrowers and borrowers, liabilities for breach of contract and other matters that both parties think need to be agreed. The guaranteed loan shall be signed by the guarantor and the lender, or the guarantor shall specify the guarantee terms agreed with the lender in the loan contract, affix the official seal of the guarantor as a legal person, and be signed by the legal representative of the guarantor or his authorized agent. The mortgagor, pledger and lender shall sign mortgage contract and pledge contract for mortgage loan. If registration is required, it shall be registered according to law.

How to borrow a car loan?

Car loans are handled as follows:

1. The applicant chooses a car in the 4S shop, negotiates the price with the dealer, pays the down payment, and then signs a car purchase contract;

2. Go to the loan bank with the car purchase contract, ID card and real estate license, fill in the loan application form and submit the materials;

3. The bank accepts the loan application and reviews and evaluates the application;

4. Sign a loan contract with the applicant after examination and approval;

5. The applicant shall cooperate with the loan bank to complete the follow-up procedures, including mortgage registration and notarization;

6. The loan bank transfers the money to the account of the car dealer, and the applicant picks up the car in the 4S store.

Extended reading

Car loan refers to the loan issued by the lender to the borrower who applies for buying a car. Automobile consumption loan is a new loan method that banks provide RMB-guaranteed loans to car buyers who buy cars at their special dealers. The interest rate of automobile consumption loan refers to the ratio of the loan amount to the principal of a self-use car (non-profit family car or commercial car with 7 seats or less) purchased by the bank to the consumer, that is, the borrower. The higher the interest rate, the greater the repayment amount of consumers.

The conditions required for a car loan are:

1. Have valid identity documents and full capacity for civil conduct;

2. Can provide proof of fixed and detailed address;

3. Have a stable occupation and the ability to repay the loan principal and interest on schedule;

4. Personal social credit is good;

5. Holding a car purchase contract or agreement approved by the lender;

6. Other conditions stipulated by the Cooperation Organization.

Automobile loan process:

1. Lead the customer to the bank's special dealer to choose a car and sign a car purchase agreement or contract;

2. The borrower applies to the loan bank for personal automobile mortgage;

3. Sign the contract with the consent of the investigation;

4. Go through the formalities of notarization and mortgage of automobiles.

5. The lender handles the loan;

6. After the loan is paid off, the lender cancels the pledge certificate and returns it to the customer.

Potential borrower

The borrower must be a permanent resident of the place where the loan bank is located and have full capacity for civil conduct.

deadline

The term of automobile consumption loan is generally 1-3 years, and the longest is no more than 5 years. Among them, the term of second-hand car loan (including extension) shall not exceed 3 years, and the term of dealer car loan shall not exceed 1 year.

Can I get a loan to buy a car?

Borrowers can apply for automobile mortgage if they have a car in their name, but banks generally don't do business in automobile mortgage, because cars depreciate rapidly and traffic accidents will affect the value of vehicles. At present, companies, pawn shops, loan intermediaries and other institutions handle business in automobile mortgage. The expected annualized interest rate of the loan is high, and the borrower is under great repayment pressure, so the loan term is mostly short-term.

Automobile mortgage has the following two ways:

I. Mortgage loan

That is, the mortgaged vehicle needs to be kept by the lender, and the owner cannot use the vehicle during the loan period.

Second, the way of not pledging the automobile pledge card

That is, after the mortgage formalities are completed, the owner can continue to use the car without handing it over. Generally, it is necessary to install GPS in the car in the form of pledge certificate, not in the car. Moreover, the initial installation fee needs to be paid by itself, and the fees charged by major institutions are different.

Where can I get a loan to buy a car?

Lenders can apply for loans in real financial institutions such as banks, consumer finance and small loan companies if they have a car. You can directly mortgage your car and apply for a mortgage loan. Or apply for other types of loans and submit the automobile property certificate as proof of financial resources, so that the lending institution will think that the user has strong repayment ability and give a higher loan amount.

Of course, if users want to use their own vehicles, they can apply for non-mortgage loans.

How can I get a loan if I have a car under my name?

There are two ways to get a car loan: applying for a car mortgage and a car. These include:

1. Mortgage loan means that the borrower mortgages the car to the bank, but the borrower can still use it. If the borrower can't repay the debt on the repayment date, the bank will take the mortgaged car away for auction, and the proceeds from the auction will be used to repay the debt;

2. Car means that the borrower pledges the car to the bank, but during the pledge period, the borrower cannot use the car.

If you have a car in your name, to learn more about how to get a loan, please visit: See More.