Before applying for a car loan, borrowers should first consider their own income and family conditions. In terms of interest rate and repayment method, he also needs to make the most suitable choice according to his own conditions. Today, we will interpret the issues you need to consider when applying for a car loan from different angles, and introduce the quota and application conditions of Ping An Bank's new car loan.

I. Personal income and auto loans

Generally speaking, it is best for borrowers to be individuals or families with a monthly income of more than 6,000 yuan. After buying a car with a loan, the borrower should not only repay the principal and interest of the loan on a regular basis, but also pay the car maintenance fee, such as fuel fee, parking fee, maintenance fee, road and bridge fee, road maintenance fee, insurance fee, etc., which costs at least 3,000 yuan per month. Because of car loans, low-income individuals or families can easily make ends meet. Borrowers should avoid impulsive consumption and loans.

Second, personal credit and future loans.

Now, more and more loans are linked to the borrower's credit. According to the regulations of commercial banks, borrowers should deposit the principal and interest repaid in installments into the settlement account in advance. If the borrower fails to repay the principal and interest on time, the bank will require the borrower to pay a certain amount of overdue fine, and will take measures such as detaining, recovering the mortgaged vehicle and investigating the guarantor's responsibility according to the specific situation. The borrower should also repay the loan on time, otherwise there will be a bad credit record, which will eventually make it difficult for the borrower to handle other loan business.

Three. Economic capacity and advance payment

In order to reduce the repayment pressure, many borrowers will choose long-term car loans, but this will increase interest and total repayment. When the borrower has sufficient funds, should he repay in advance? Here, when the borrower has the economic ability to pay off the loan in advance during the repayment period, he can consider paying off all or part of the principal of the remaining loan in advance to shorten the loan period, which is a good way to reduce the loan interest.

Finally, are you interested in car loans? Next, I will introduce Ping An car loan in detail.

Ping An Bank's new car loan application conditions

1. Age ≥ 18 years old, (borrower's age+loan term) ≤70 years old, and must have full capacity for civil conduct;

2. Can provide legal and valid identity documents;

3. No personal bad credit record;

4. Personal legal assets with stable legal income or sufficient to repay the loan principal and interest.

Ping An Bank needs to prepare materials for the new car loan.

1. identification, such as the second-generation ID card. ;

2. Proof of residence, such as real estate license or house lease contract;

3. Proof of income, such as bank statement or income certificate issued by the company.

Loan amount: 4-5 million yuan, not higher than 80% of the approved value of the vehicle.

Loan term: 12-60 months (1-5 years)

Repayment methods: installment and non-installment. Such as: average capital, matching principal and interest, one-time repayment of principal and interest, monthly repayment of due principal and interest, balloon loan paid by the balance, etc.

Reminder:

For car loans, borrowers need to consider their own economic situation before applying for car loans. Otherwise, once the loan cannot be repaid on time, the borrower's credit record will be defiled and the borrower's future loan behavior will be troubled. I believe that through the above introduction, everyone has a certain understanding of the conditions and quota of Ping An Bank's car loan. For more bank loan information, please pay attention to the Internet.

Million car purchase subsidy