Where the user provides a third party joint and several liability guarantee (except banks and insurance companies), the guarantor signs a guarantee contract with the bank, and the insurance company may also provide a joint and several liability performance guarantee or a bank guarantee.

Users must sign a mortgage or pledge contract with the bank to guarantee by mortgage or pledge. If the house is mortgaged, it must be appraised and confirmed by the designated appraisal agency, and the bank and mortgagor shall go through the mortgage registration at the county real estate registration office where the house is located, and the contract will take effect after obtaining the property right certificate. If it is a pledge guarantee, the pledge contract will take effect after the title certificate is handed over to the bank. After the above procedures are completed, the bank shall issue a loan notice to the special dealer in time.

Extended data:

Repayment method of automobile loan:

1. interest before this law means that the borrower pays off the principal and interest of the loan on the maturity date of the loan and repays the interest every month. Applicable to loans with a term of 1 year (inclusive).

The early pressure of choosing this repayment method will be relatively small, which is suitable for people who can't turn over their funds in a short period of time.

2. Matching principal and interest repayment method: Matching principal and interest repayment method is the most common method of car loan repayment. Usually, the down payment is 30-60%, and the rest is paid in installments 12-60, and the monthly payment is the same every month. This repayment method is suitable for people with stable income. As for those whose wages fluctuate greatly, such as sales based on performance, it is still very risky to choose this method. Maybe this kind of anxiety can stimulate the motivation of work.

3. Step-by-step repayment method: Step-by-step repayment refers to the repayment of all loans in stages. For example, if you buy a car, the down payment is 25% and the loan period is 2 years. From 1- 1 1 to repay 13% of the total loan, from 12 to repay 15% of the total loan, and from 13-23 to repay 29% of the total loan.

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