The auto loan of China Everbright Bank refers to the RMB-guaranteed loan issued to borrowers who apply for buying daily or business cars, including first-hand cars and used cars. Borrowers who buy cars can provide bank-approved guarantee methods.

First, the guarantee method is flexible.

1. The purchased vehicles are mortgaged, and the dealers and manufacturers provide full guarantee/repurchase guarantee;

2. In order to simplify the operation procedures and reduce the cost of the borrower's car purchase, we have also introduced a credit guarantee method of "the borrower sets a mortgage on the purchased vehicle and buys the whole vehicle insurance" for specific groups.

2. Repayment method

1. If the loan term is less than 1 year (including 1 year), the borrower can pay off the principal and interest of the loan in one lump sum or repay it in installments;

2. If the loan term exceeds one year, the borrower must repay by installments, which are divided into two ways: equal principal and interest repayment and average capital repayment. Once the repayment method is selected, it cannot be changed, but it can be repaid in part or in whole in advance, and the interest will be adjusted and calculated.

Three. Automobile consumption loan

The maximum loan ratio for first-hand cars is 70% (the maximum loan ratio for imported cars is 60%), and the longest term is no more than 5 years; The maximum loan ratio for second-hand cars is 50%, and the longest term is no more than 3 years.

Age requirement of the borrower: the maturity date of the loan is ≤65 years old.

Million car purchase subsidy