I. Application conditions

To apply for a car loan, you must buy a limited range of cars at a special dealer recognized by the bank and apply for a car loan.

Loan buyers must also meet the following conditions:

(1) The car buyer must be at least 18 years old and a citizen of China with full civil capacity.

(2) Car buyers must have a relatively stable job, a relatively stable economic income or assets that can be easily realized, in order to repay the loan principal and interest on schedule. Assets that are easy to realize here generally refer to securities and gold and silver products.

(3) During the loan application period, the car buyer shall deposit no less than the down payment stipulated by the bank in the account of the bank savings counter.

(4) Providing banks with bank-approved guarantees. If the personal account of the car buyer is not local, it should also provide joint liability guarantee, and the bank will not accept the mortgage set by the car buyer for the car purchased by the loan.

(5) Car buyers are willing to accept other conditions deemed necessary by the bank.

Two, if the applicant is an enterprise or institution with legal personality, should meet the following conditions:

(1) has the ability to repay bank loans;

(2) During the loan application period, there is no less than the down payment for car purchase stipulated by the bank and deposited in the accounting department of the bank;

(3) Providing recognized guarantees to banks;

(4) Willing to accept other necessary conditions proposed by the bank.

3. The special dealer referred to in the loan refers to the automobile dealer who is selected by the branches at all levels of the bank according to the financial strength, market share, credibility and other factors of the dealer, and then reported to the head office, and signed an automobile consumption loan cooperation agreement with each branch after confirmation by the head office.

information needed

1: personal loan application;

2. Personal valid identity documents. Including identity cards, household registration books, military officers' cards, passports, and travel passes for compatriots from Hong Kong, Macao and Taiwan. If the borrower is married, the identity certificate of the spouse shall be provided;

3. Household registration certificate or long-term residence certificate;

4. Personal income certificate, family income or property certificate when necessary;

5. Certificate of intention to buy a car issued by the car dealer;

6: Loan to buy a car down payment certificate;

7. If the purchased vehicle is secured by other means than mortgage, it shall provide relevant materials for the guarantee, including the pledge certificate, the ownership certificate and evaluation certificate of the mortgaged real estate, and the letter of intent for third-party guarantee, etc.

8. If the vehicle purchased by the loan is a commercial vehicle, it is also necessary to provide proof that the purchased vehicle can be legally used for operation, such as the affiliation agreement and lease agreement for the vehicle to be affiliated with the transport fleet;

9. The vehicle purchased by the loan is a second-hand car, and it is also necessary to provide a certificate of intention to buy a car and a vehicle evaluation report issued by an evaluation agency recognized by CCB; Vehicle ownership certificate of vehicle seller, motor vehicle registration certificate of trading vehicle, annual inspection certificate of vehicle, etc.

Fourth, the application process

1, customer application. Customers apply to the bank, fill in the application form in writing and submit relevant materials at the same time;

2. Sign the contract. After the application materials submitted by the borrower are approved by the bank, the two parties sign a loan contract and a guarantee contract.

Loan to buy a car

Handle relevant notarization and mortgage registration procedures as appropriate;

3. issue loans. After all the formalities are completed, the loan approved by the bank will be directly transferred to the car dealer account by the bank according to the contract;

4. Repay on schedule. The borrower repays the loan principal and interest according to the repayment plan and repayment method agreed in the loan contract;

5. loan settlement. Loan settlement includes normal settlement and early settlement. ① Normal settlement: the loan shall be settled on the loan maturity date (one-time repayment of principal and interest) or the last installment (installment repayment); ② Early settlement: Before the maturity date of the loan, the borrower must apply to the bank in advance for partial or full settlement of the loan according to the loan contract, and the bank will repay the loan at the designated accounting counter after it is approved. 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.

Verb (abbreviation of verb) loan channel

4S stores and state-owned enterprises do not charge fees.

Most 4S stores have cooperation agreements with banks, which are guaranteed by 4S stores or third-party companies to help consumers borrow money from banks. Different 4S stores choose different banks. "If the central bank's interest rate fluctuates within 5%, our loan interest rate will not be adjusted." The staff of a 4S store explained this, "avoiding the trouble caused by frequent fluctuations in interest rates."

It is understood that 20% of car consumers in Beijing buy cars through loans, and about 90% of them borrow from banks through 4S stores.

In fact, there are two ways for 4S shopping malls to cooperate with banks. The above salesperson said, "Like our state-owned enterprises, they can guarantee consumers themselves. If it is a private enterprise, you need to find a third-party company guarantee. " According to reports, the gap lies in whether to charge a handling fee. "The interest rates are the same, but the third-party company guarantees a handling fee, and most of them need to be mortgaged with real estate." A staff member of Chang 'an Ford 4S Store said that because the store is a state-owned enterprise and cooperates with Shenzhen Development Bank, it can make unsecured real estate loans.

Advantages: convenient, fast and flexible repayment.

Disadvantages: the situation is complicated, and it is necessary to distinguish whether to charge a handling fee and whether to mortgage the property.

Suitable for people: consumers with personal property and stable income.

The threshold for bank credit loans is high.

When the reporter visited various banks to learn about automobile consumption credit, he learned from China Construction Bank that there is also a loan that does not require real estate mortgage and uses personal reputation. "This is our short-term personal credit, not only for consuming cars, but also for consumption." A staff member of China Construction Bank said, "Real estate doesn't need mortgage, it depends on personal credit score."

In addition to consumers' past personal credit, many personal data such as work unit, income and education are within the scope of the survey. "This personal credit consumption loan is just a short-term loan with only one year." The loan amount in this way is usually not too high. The general loan amount is about 654.38+10,000 yuan.

It is understood that there are few banks lending through personal credit, and the evaluation requirements are also very high. If there is only a difference of 1,000 yuan or 2,000 yuan in buying a car because of temporary economic stress, you can use a credit card overdraft to solve it.

Advantages: the loan process is simple and fast.

Disadvantages: low loan amount and short cycle.

Suitable for people: consumers with high personal credibility who need small loans.

Finance companies have high loan procedures.

"If you borrow from an auto financing company, you will generally charge a handling fee of 10%. Different brands use different names, but the total cost of various names is almost 10%, and the interest rate is the same as the bank loan interest rate. " A salesperson of an automobile 4S shop said that if loans are generally made through financial companies, the requirements for consumers themselves are not too high.

In addition to GM, Volkswagen, Ford, Toyota, Citroen, Nissan and Volvo also have their own financial companies in China, and Chery is the only manufacturer with financial companies among domestic independent brands.

Advantages: there is no need for real estate mortgage, and the qualification requirements for consumers are not high.

Disadvantages: the handling fee is high, the interest is charged in the early stage of the loan, and the repayment can not be made in advance according to the personal situation of the consumer.

Applicable people: consumers who have no real estate under their name and have stable income.

Bank consumer credit needs real estate mortgage.

"At present, almost all the four major state-owned banks and several major commercial banks have stopped auto loans to individual users, but they can use real estate mortgages as consumer credit." A salesperson of a car 4S shop introduced. "The interest rate of consumer credit is 10% to 15% based on the benchmark interest rate of the central bank." The interest rate hike is not aimed at automobile consumption credit, but all loans for consumer spending are implemented.

"If the loan amount is not high, it is very uneconomical to buy a car with real estate mortgage." A staff member of the Credit Department of Industrial and Commercial Bank of China introduced that the general price of a house is about 6,543,800 yuan, and a series of expenses such as assessment fees will be incurred when mortgage loans are made. "With a house of 6,543,800 yuan as collateral, the procedures for lending 500,000 yuan and 6,543,800 yuan are the same, and the cost is the same."

Advantages: fast loan process and flexible repayment.

Disadvantages: the property needs to be mortgaged and the threshold is high.

Applicable people: consumers who own real estate.

Six specific processes

1, apply for car loan. After the applicant is optimistic about the vehicle to be purchased, he/she needs to fill in the Application Form for Automobile Consumption Loan and the Investigation Form for Credit Information, and submit them to the loan bank together with relevant certificates of personal situation.

2. After receiving the application, the bank will conduct pre-loan investigation and approval.

3. After examination, the bank informs the borrower to fill in various forms, as well as loan contract, guarantee contract and mortgage contract, and go through mortgage registration and insurance procedures.

4. Banks issue loans.

5. The borrower pays the down payment to the car dealer, and handles the car pick-up formalities with the passbook and the car pick-up note issued by the bank.

Seven, in the process of applying for personal car loan, the applicant needs a copy of ID card, a copy of household registration book, a copy of marriage certificate, income certificate, bank statement, a copy of real estate license and other procedures.

Loan to buy a car mode and specific process

1, choose the mode of buying a car by loan.

Mode 1: the customer directly applies for a loan to buy a car at a bank outlet. After the guarantee procedures are implemented, customers can choose dealers to buy cars they are satisfied with.

Mode 2: buy a car in a 4S shop that cooperates with the bank, sign a car purchase contract or agreement with the dealer, and then apply for a loan from the bank through the 4S shop.

Mode 3: apply for unsecured personal credit loan, and the bank directly lends full amount to the 4S shop to buy a car. Choosing a loan to buy a car carefully is the most important step in the process of buying a car with a loan.

Mode 4: The customer applies for a loan to buy a car through the financial outsourcing website, the financial institution handles the intermediate process, and the bank approves the loan, which is a direct car loan.

2. Banks issue loans.

No matter which mode of bank loan is used to buy a car, the ultimate lender is the bank. In the second mode, money is directly transferred from the bank to the car dealer's account.

Step 3 pick up the car

The borrower pays the car dealer the down payment or the full amount. There are two situations here: Mode 1 and Mode 2. When customers pay the down payment, they need to go through the formalities of picking up the car with the passbook and the car pick-up slip issued by the bank, and give the car a license. After completing the license, hand over the vehicle production certificate, invoice, insurance policy, driving license, ID card and household registration book to the bank. After the mortgage, the bank will return the driving license and ID card account book. If you use the model 3 loan to buy a car, the customer only needs to withdraw the loan issued by the bank and go directly to the 4S shop to pick up the car. The driving license and ID card account book after the card is licensed do not need to be mortgaged to the bank.

In addition, when choosing a loan bank, different banks will have different interest rate concessions, loan quotas and repayment periods. Loan applicants can directly learn from the loan pages of major banks that cooperate with Kuaiyi Loan.

Eight. Repayment method

Waiting amount for debt service

When calculating, the interest generated by the monthly loan balance is calculated first, and the repayment principal of the current month is formed after deducting the interest payable from the equal repayment amount. At the initial stage of repayment, due to the large loan balance, interest accounts for a large proportion in monthly repayment, and the repayment speed of principal is relatively slow. With the passage of time, the loan balance gradually decreased, the proportion of interest gradually decreased, and the proportion of principal gradually increased. This repayment method is more suitable for people with fixed year-end bonus or fixed annual income.

matching principal repayments

The average capital of car loan refers to the repayment method selected by the borrower in the average capital after the car loan. During the repayment period, the total loan amount is divided into equal parts, and the same amount of principal and interest generated by the remaining loan in the month are repaid every month. Because the monthly repayment amount is fixed and the interest is getting less and less, the lender is under great pressure to repay at first, but with the passage of time, the monthly repayment amount is getting less and less. Calculation formula of average capital loan: monthly repayment amount = (loan principal/repayment months)+(principal-accumulated amount of repaid principal) × monthly interest rate.

Wisdom repayment

This repayment method is a new way of automobile repayment, that is, the loan is divided into two parts, which are repaid in the first and last installment respectively. There are three different repayment schemes to choose from after the expiration of the wisdom balance payment: scheme 1: return the balance payment in one lump sum when it expires; Option 2: Refinancing the balance and applying for loan extension 12 months; Option 3: Return the balance through vehicle replacement.

Worry-free wisdom repayment

Commonly known as "loan half, pay half"; 50% repayment at the end of the loan period. At the end of the loan period, there are three options: paying off the balance in full; Apply for extension 12 months; Used car replacement.

Nine. detail

Detail 1: Interest-free car loans are subject to handling fees. Many auto financing companies have launched interest-free car loans, but the regulations on handling fees are different. Some need to charge fees, and some don't. If the car you want to buy is interest-free and fee-free, it is still relatively affordable. If you need to charge a handling fee, you must carefully calculate and measure it. The handling fee for car loan is generally between 4% and 7% of the total car payment, and it is paid at the same time as the first month payment. If the handling fee is too high, consider other types of car loans.

Detail 2: Read the relevant insurance clauses carefully before applying for a car loan. Buying a car with a loan is to mortgage the car to the bank. The car belongs to the bank before you pay off the bank loan. In order to reduce the risk, banks generally require you to buy some auto insurance as a loan condition in the car loan contract. The premium of these insurances may not fully meet your requirements, and may even be too high, so you must read the relevant insurance clauses carefully when applying for a car loan, and you can't ignore this cost.

Detail 3: There are many restrictions on buying a car with a zero-interest loan. Many manufacturers have introduced interest rate loans to buy cars, especially some high-end cars. However, there are two restrictions on buying a car with a general interest rate loan: first, you can't enjoy the cash discount for activities related to zero interest rate, and sometimes the amount of these cash discounts is quite large; Second, buying a car with interest rate loans is easily restricted by time, region and dealers, and it is not always a unified activity. If you want to buy a car with an interest rate loan, the above two aspects must be considered comprehensively.

Detail 4: seriously consider the floating car payment and loan interest rate. Generally speaking, if it is an interest-free loan, the total payment for car purchase will rise to a certain extent, and the price of cash car purchase and loan car purchase cannot be the same. In this case, you have to calculate how much the floating amount is, and whether it exceeds the total interest of buying a car with a commercial loan. If it exceeds, you may wish to apply for a commercial vehicle loan. If not, you can apply for an interest-free loan.

X. basic knowledge

1, credit card loan is the most economical way to buy a car.

It is more economical for customers who borrow money to buy a car to choose credit card installment payment than bank car loans and auto financing companies. Usually, credit card installment payment is free of guarantee and interest, and only charges a handling fee.

At the same time, when buying a car by credit card, there is no mandatory requirement for new car insurance and renewal. Generally, you only need to buy major insurance and burglary.

However, in the way of credit card installment payment, banks will have higher requirements for applicants, generally requiring local accounts, stable income, no bad credit history, real estate, and bank quality customers are preferred.

2. How much is the down payment for the loan to buy a car?

Automobile consumption has also entered the ranks of advanced consumption, and loan to buy a car has become a way for many young people to buy a car. So what is the process of obtaining a car loan, and what is the down payment for a car loan stipulated by the bank? For auto companies, auto finance can not only boost sales, but also benefit auto finance companies. More and more auto shops are willing to provide loans for consumers to buy cars, so what is the down payment for loans to buy cars? It is understood that the auto loan policy: the minimum down payment for auto loans is 20%, and the loan period is 1-5 years.

3. How to get a loan to buy a used car

The down payment for a loan to buy a car starts from 20% of the sales price of the vehicle, and the down payment will be different for different vehicles and different years. Ordinary customers can apply for installment payment according to a three-year fixed loan. All scientific and technical personnel, civil servants, teachers, doctors, legal representatives of enterprises, managers of large enterprises and staff of financial system can apply for loans with a term of 1-5 years, depending on their selected models. Moreover, most sellers have launched a one-stop service for credit consumption according to the different needs of consumers, making the cumbersome loan car purchase procedures simple and fast. From car selection, charging, handling bank card, insurance and bank signature to handling parking permit, mobile license plate, car inspection and license registration, all you need to do is submit the required information.

4. How to repay the loan in advance

Pay attention to the repayment time in advance. Usually, if the loan term is less than one year, banks and auto finance companies will charge a certain amount of liquidated damages. The amount of liquidated damages is calculated according to 5%-8% of the remaining loan amount, and the overall loan cost is much higher than the normal repayment. Therefore, there is no need to consider prepayment for cars with a loan term of less than one year.

If you want to repay a car with a loan time of more than one year in advance, you generally need to make an appointment with the original lending institution about half a month in advance, and different lending institutions have different requirements. At the same time, before prepayment, you need to prepare all relevant materials, including personal identity card, loan contract, prepayment agreement, previous repayment bill, repayment application form, etc. After the appointment is successful and the formalities are fully prepared, the repayment can be made at the appointed place according to the appointed time.