Car loan is not easy, mainly depending on the applicant's personal qualifications. As long as the applicant can meet the requirements of the lending institution, the loan application can be successfully passed.
Generally, the basic conditions for applying for a car loan are: 1, and the applicant 18 years old or older. 2. Have local permanent residence and valid residence status. 3. Have a compliant occupation and a stable income. 4. No bad criminal record and bad loan credit record, and good social credit. 5. The self-raised funds required by the lending institution can be used to pay the down payment of vehicles. 6. There is a legal and valid car purchase contract. 7. Being able to provide collateral recognized by the lending institution. 8. Other conditions stipulated by the lending institution.
Is it easy to apply for a car loan?
There are many channels for auto loan, such as bank loan, credit card installment, auto financing company, etc. Generally speaking, it is easy to apply as long as the lender meets the conditions of auto loan.
Auto loan refers to the loan issued by the lender to the borrower who applies for buying a car, also called auto mortgage. Automobile loan application conditions
(1) The car buyer must be at least 18 years old and a citizen of China with full civil capacity.
(2) Car buyers must have a relatively stable job, a relatively stable economic income or assets that can be easily realized, in order to repay the loan principal and interest on schedule. Assets that are easy to realize here generally refer to securities and gold and silver products.
(3) During the loan application period, the car buyer shall deposit no less than the down payment stipulated by the bank in the savings counter account of the handling bank.
(4) Providing banks with bank-approved guarantees. If the personal account of the car buyer is not local, it should also provide joint liability guarantee, and the bank will not accept the mortgage set by the car buyer for the car purchased by the loan.
(5) Car buyers are willing to accept other conditions deemed necessary by the bank.