The vehicle registration certificate must be mortgaged to the bank.

The process of applying for a mortgage car loan:

Select a car at the bank's authorized dealer and sign a car purchase agreement or contract;

The borrower applies for a personal loan from the lending bank Car mortgage loan;

Sign the contract after investigation and approval;

Go through car notarization, mortgage and other procedures;

Bank loan;

After the loan is repaid, the pledge certificate is canceled and returned to the customer.