After the car loan is paid off, the bank staff will inform the individual to apply for an understanding mortgage loan, just bring his personal ID card, and then go to the vehicle management office with the bank staff to apply for vehicle release. The specific handling situation is as follows:
1. About 10 working days after the last monthly payment of the auto loan is deducted, the bank informs the individual to go to the vehicle management office with the bank staff to go through the formalities.
2. Carry documents: complete the procedures required to cancel the mortgage. Specifically, it includes the Application Form for Motor Vehicle Mortgage Registration/Pledge, the original and photocopy of the identity certificates of the motor vehicle owner and mortgagee, the motor vehicle registration certificate, and relevant documents that belong to the people's mediation, ruling and judgment of motor vehicle mortgage cancellation. Of course, the bank will prepare all the information, and individuals need to prepare identity documents.
3. Bring the above information. Bank staff will take people to dmv for mortgage registration cancellation.
4. After going to the vehicle management office, go to the corresponding window to find the staff of the vehicle management office to handle the relevant cancellation procedures.
5. After the formalities are completed, the whole automobile mortgage cancellation procedure is completed.
Extended data:
Requirements and materials for applying for auto loan service in automobile mortgage:
1. has a stable occupation, and the applicant has the ownership of the local mortgaged vehicle.
2. Proof of long-term residence and work city, occupation and economic income in the place where the business is conducted.
3, motor vehicle registration certificate, driving license, purchase additional tax certificate (this), car purchase invoice.
Second, after the loan is paid off, how to cancel the motor vehicle mortgage?
1. Prepare the materials, and prepare all the materials needed to release the mortgage. Specifically, it includes the Application Form for Motor Vehicle Mortgage Registration/Pledge, the original and photocopy of the identity certificates of the motor vehicle owner and mortgagee, the motor vehicle registration certificate, and relevant documents that belong to the people's mediation, ruling and judgment of motor vehicle mortgage cancellation.
2. Bring the above information. Go to dmv for mortgage registration cancellation.
3. dmv staff shall handle relevant cancellation procedures.
Third, how to cancel the mortgage after the vehicle loan is paid off?
1. The user goes to the bank to confirm the repayment: make sure all the loans have been paid off.
2. The user takes back the motor vehicle registration certificate: the borrower brings the motor vehicle driver's license, ID card and bank repayment details, and goes to the bank to explain his intention to the bank staff, showing the repayment details, ID card and other materials, and the staff will handle it after verifying the information.
3. Handling vehicle mortgage cancellation procedures: The borrower will wait at the local dmv with the loan settlement certificate, ID card and motor vehicle registration certificate. , and apply to the staff for cancellation of vehicle mortgage and provide relevant information. After verification, the mortgage can be cancelled.
4. Change the first beneficiary of auto insurance: After all the auto loans are settled, the borrower must change the first beneficiary of insurance to himself.
Fourth, there has been no loan since the car loan was paid off. Will it be okay?
Nothing, but the property right of the collateral is still in the bank, that is, the ownership of the car does not belong to the buyer. build
After the car loan is paid off, you can go to the vehicle management office to cancel the mortgage and transfer the vehicle to your own name. The materials prepared are as follows:
Application form for filing;
2, the motor vehicle owner and the mortgagee's identity certificate and its copy;
3. Motor vehicle registration certificate;
4. If the mortgage is released through people's mediation, ruling or judgment, the motor vehicle party shall submit the ruling or the judgment issued by the person subjected to execution and the corresponding notice of assistance in execution;
5. If an agent is entrusted, the Power of Attorney for Motor Vehicle Business and the identity certificate of the agent (or the principal) and its copy shall also be submitted.