Car loan is not fixed. The actual interest rate of car loan is set by the handling bank according to the actual situation of customers and with reference to the benchmark interest rate stipulated by the central bank. Generally, customers with excellent conditions can enjoy the benchmark interest rate or float down 10%, while ordinary customers need to float up 10% on the basis of the benchmark interest rate.

The longest term of car loan is no more than 3 years. At the same time, car loans are different from mortgages. Because cars are lossy collateral, the loan interest rate is higher than the benchmark loan interest rate. At present, the car loan interest rate is generally around 5%- 10%. Lenders with good credit qualifications will reduce the loan interest rate as appropriate, and for users with overdue risks, lenders will increase the loan interest rate accordingly.

Extended data

The car loan interest rates of various banks are generally as follows:

1: Bank of China: loan term 1 year, loan interest rate of 4%; 2 years, 8%; 3 years, 12%.

2. China Construction Bank: 1-3 years (including 3 years), 5.3 1% years; 3-5 years (inclusive), 5.4% years.

3. Industrial and Commercial Bank of China: within 6 months (including 6 months), the car loan interest rate is 5.60%; The car loan interest rate for 6 months to 1 year (including 1 year) is 6.00%; 1-3 years (including 3 years), 6. 15% years; 3-5 years (including 5 years), 6.40% years; More than 5 years, 6.55% years.

The higher the loan principal, the longer the repayment time and the higher the interest. The car loan interest rate is not static, and there are many factors that affect the car loan interest rate. The car loan interest rate is adjusted by the lending institution according to the benchmark interest rate of the central bank. The accurate loan interest rate will also be influenced by personal credit information, the lending institution's own situation and the borrower's own factors.