1. Be optimistic about the purchased vehicle, and the lender applies for a car loan.

2. Fill in the automobile consumption loan application form, credit information questionnaire and personal information certification materials and submit them to the loan bank.

3. Bank investigation and approval

4. After approval, the borrower fills in the loan contract, guarantee contract and mortgage contract, and goes through the mortgage registration and insurance procedures.

5. When the bank issues the loan, the borrower pays the down payment to the car dealer, and handles the car pick-up formalities with the passbook and the car pick-up note issued by the bank.

Precautions:

Loans to buy a car in a 4s shop generally require a handling fee. Because of the procedures of vehicle mortgage and insurance, the handling fees included in the loan are mainly compulsory insurance, vehicle and vessel use tax, commercial insurance and license fee. In terms of commercial insurance, there are no relevant mandatory regulations, but 4S stores often require car buyers to buy them.

Under normal circumstances, the annual interest rate of loans within one year (including one year) is 5.6%, loans from one year to five years (including five years) are 6%, and loans over five years are 6.15%; Generally, the interest rate of bank car loans will go up, but it will be different without the bank floating up. Generally speaking, the interest rate of bank car loans should rise 10%-50% on this basis, and the buyers with specific interest rates should go to the local bank for consultation.

Loan car purchase process

1. Apply for a loan after selecting the vehicle to be purchased;

2. Fill in the loan application form and credit information questionnaire, and submit relevant certificates to the lending institution for review. Going to the pre-trial is to check how your credit information is. As long as it is not overdue, it can basically be passed in stages.

3. After approval, it is necessary to sign loan contracts, guarantee contracts and mortgage contracts, and handle vehicle mortgage registration and insurance;

4. After signing the contract and completing the registration, you can get a loan. If you use a loan to buy a car, you can get a license issued by the bank to pick up the car, go to the 4S shop to go through the formalities of picking up the car, and pay the down payment for car inspection. The expenses include down payment, insurance, purchase tax, license fee and installment payment. The last step is permission.

Materials needed during the formalities: ID card and its copy, copy of household registration book, income certificate, transaction receipt, copy of real estate license, etc.

Release mortgage

Buying a car with a loan will mortgage the green capital of the vehicle to the lending institution, and many people will mistakenly think that this money is enough. In fact, I have to go to the lending institution to cancel the mortgage and get the Green Paper back.

Specific process

1. About 10 working days after paying off the last car loan, contact the lending institution in time, handle the loan settlement certificate, and get back the vehicle registration certificate and the car purchase invoice mortgaged in the bank.

2. Take all relevant materials and go to the local vehicle management office to learn about the mortgage procedures. When the formalities are completed, the ownership of the vehicle will really return to us.

How to apply for a car loan?

1. If you apply for a personal car loan in China Bank, the borrower shall meet the following conditions:

1, a natural person with full capacity for civil conduct;

2. Effective proof of personal identity;

3. Have the legal ability to repay the loan principal and interest;

4. Good personal credit;

5. Holding a car purchase contract, agreement or letter of intent approved by the handling bank;

6. Providing collateral (pledge) recognized by the handling bank or individuals or units with sufficient compensation capacity to provide irrevocable joint liability guarantee for third parties; Or provide corresponding materials that meet the customer access conditions of the Interim Measures for the Administration of Personal Credit Revolving Loan Quota of Bank of China;

7. Proof of the down payment ability of the car purchase limit stipulated in these Measures;

8. Other conditions stipulated by the handling bank.

Two. The information submitted is as follows:

(a) loan application;

(two) the original identity card, residence booklet or other valid proof of residence, and provide a copy;

(3) Proof of professional and economic income, including but not limited to income certificate issued by the unit, bank deposit certificate, credit card statement, tax payment certificate, etc. ;

(four) the car purchase agreement, contract or letter of intent signed with the dealer;

(5) The certificates or documents required for the guarantee, including the list of mortgaged (pledged) goods, and the certificate that the person who has the right to dispose of it (including the property owner) agrees to mortgage and pledge; Certificate of ownership or use right of collateral issued by the competent department, written appraisal certificate (written appraisal of vehicle invoice price combined with market published price), and documents agreeing to insure; Pledged goods need to be delivered with pledged goods or rights certification documents; The guarantor agrees to perform the guarantee contract and relevant credit certification materials of joint and several liability guarantee; Or documents proving that they meet the conditions for credit loans;

(6) Relevant certificates that the down payment for car purchase has been paid;

(7) Other documents required by the branch.

3. As there are some differences in different regions, please consult the local institutions in detail when applying for loans.

The above contents are for your reference. Please refer to the actual business regulations.

The introduction of how to borrow money to buy a car and how to borrow money to buy a car ends here. I wonder if you have found the information you need?