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I haven't issued a car loan since I paid off my car loan. Will it be okay?
It's okay not to lend money after the car loan is paid off, but the motor vehicle registration certificate is still mortgaged in the bank.

Taking Shanghai as an example, if the mortgage right is extinguished, it shall apply to the vehicle management office at the place of registration for cancellation of mortgage registration. However, it is impossible to make an understanding commitment in several cases:

1. The certificate and voucher submitted by the motor vehicle owner are invalid;

2. Motor vehicles are sealed up or detained by people's courts, people's procuratorates and administrative law enforcement departments according to law.

The following materials shall also be provided:

Original and photocopy of the identity certificate of the motor vehicle owner and mortgagee; Motor vehicle registration certificate; If the people's court mediates, makes a ruling or decides to cancel the mortgage, it shall also submit the original and photocopy of the effective mediation, ruling or judgment issued by the people's court, and the corresponding notice of assistance in execution (the original notice of assistance in execution is one for each vehicle).

Extended data:

Especially since June 1, the procedures of motor vehicle mortgage/deregistration have been simplified.

In response to the crux of the problem, the Ministry of Public Security continued to promote the action of reducing the number of certificates and facilitating the people, further streamlining procedures and optimizing processes. After simplifying the procedures of motor vehicle mortgage/deregistration, the information is more streamlined. After filing with the local vehicle management office, the identity certificate submitted can be a copy of the business license stamped with the official seal; Copy of business license and official seal on mortgage contract can use not only physical seal, but also electronic seal.

Closer to work, people can directly handle motor vehicle mortgage loan business in financial institutions; The program is simpler. The traffic control department will promote networking with banking and insurance supervision departments, banks and other financial institutions, promote online verification and comparison of motor vehicle mortgage information, use data instead of people running errands, and simplify procedures with information transmission.

Shanghai government network-motor vehicle mortgage/mortgage cancellation

People's Daily Online-China will simplify the procedures of motor vehicle mortgage/deregistration from June 1.