The longest in automobile mortgage is not more than five years. According to the relevant regulations of the mortgage bank, the purchased vehicles are self-use vehicles, and the longest loan period does not exceed 5 years; The purchased vehicle is a commercial vehicle, and the loan period does not exceed 3 years. The mortgage loan process is as follows:

Customer application: the customer applies to the bank, fills in the application form in writing and submits relevant materials at the same time;

After the contract is signed, the bank will review the application materials submitted by the borrower, and both parties will sign a loan contract and a guarantee contract, and go through relevant notarization and mortgage registration procedures as appropriate;

Lending, loan approved by the bank, after all formalities are completed, the bank will directly transfer it to the account of the automobile dealer according to the contract;

Repayment on schedule, the borrower repays the loan principal and interest according to the repayment plan and repayment method agreed in the loan contract;

When the loan is settled, the loan can be settled normally;

After the loan is settled, the borrower will retrieve the legal documents and relevant supporting documents extracted by the bank with his valid identity certificate and the loan settlement certificate issued by the bank, and go through the mortgage registration cancellation formalities with the original mortgage registration department with the loan settlement certificate.

Precautions:

Loan target: a natural person with full civil capacity, aged between 18 and 60;

Loan amount: if the purchased vehicle is for personal use, the loan amount shall not exceed 80% of the price of the purchased vehicle; If the purchased vehicle is a commercial vehicle, the loan amount shall not exceed 70% of the price of the purchased vehicle, of which the loan amount of the commercial vehicle shall not exceed 60% of the price of the purchased vehicle;

Loan term: the purchased vehicle is for personal use, and the longest loan term shall not exceed 5 years; The purchased vehicle is a commercial vehicle with a loan term of no more than 3 years;

Loan interest rate: subject to the loan interest rate regulations of China Construction Bank;

Repayment method: If the loan term is less than one year, you can use any repayment method such as monthly interest, matching principal and interest, average capital repayment, and one-time repayment of principal and interest. If the loan term is more than one year, the method of equal principal and interest and average principal repayment can be adopted. The specific repayment method shall be negotiated between the handling bank and the borrower and agreed in the loan contract.

In summary, the vehicles generally purchased are for personal use, and the longest loan period does not exceed 5 years; The purchased vehicle is a commercial vehicle, and the loan period does not exceed 3 years. Please consult your local dealer for details.