If my credit is bad, can I apply for a car loan from my parents?
Yes, as long as parents meet the conditions of car loan. But in that case. The vehicle needs to be settled in the name of parents, and the owner and lender should be consistent. According to the law, the current interest of private lending cannot exceed 15.4%, which is online judicial protection. As long as the interest rate is below 15.4%. If the lender requests the borrower to pay interest at the interest rate agreed in the contract, the people's court shall support it, except that the interest rate agreed by both parties exceeds four times the quoted interest rate of the one-year loan market at the time of the establishment of the contract. Article 670 of the Civil Code stipulates that the interest on the loan shall not be deducted from the principal in advance. If the interest is deducted from the principal in advance, the loan shall be repaid according to the actual loan amount and the interest shall be calculated.