The interest in automobile mortgage is related to the loan amount, loan interest rate and loan term. The calculation method of loan interest is: loan interest = annual interest rate of loan principal and loan term. If the loan amount is 70,000 yuan, the loan period is 5 years, and the annual interest rate is 4.75%, the loan interest is 700,004.75% 5 =16625 yuan. The loan interest rates of lending institutions are all floating on the basis of the benchmark annual interest rate announced by the central bank. At present, the latest benchmark interest rate of Bank of China is as follows:

1. Short-term commercial loan: within 1 year (inclusive), with an annual interest rate of 4.35%.

2. Medium and long-term commercial loans: 1 to 5 years (including 5 years), with an annual interest rate of 4.75%; For more than 5 years, the annual interest rate is 4.9%.

First, the automobile mortgage conditions

Basic conditions that the borrower must meet:

1, a citizen of China who has reached the age of 18, has full capacity for civil conduct and has a fixed residence in China.

2 have a stable professional and economic income, and can guarantee to repay the loan principal and interest on a regular basis.

3. Guarantee can be provided.

4. Other conditions stipulated by the bank.

Second, the information needed by automobile mortgage

1. has a stable occupation, and the applicant has the ownership of the local mortgaged vehicle.

2. Enterprises that have been living and working in this city for a long time.

3, motor vehicle registration certificate, driving license, purchase tax certificate (this), car purchase invoice.

4. Insurance policy, travel tax, and relevant tax payment certificates for imported vehicles.

5, ID card (non-local account customers provide temporary residence permits or residence permits within the validity period.

First, the concept of mortgage interest rate

Automobile mortgage refers to the loan products that borrowers use their own or third-party vehicles (including cars, SUVs, trucks, etc.). ) as a mortgage for personal comprehensive consumption, it is repaid by mortgage. Automobile mortgage interest rate refers to the price that the borrower pays to the borrowed funds, and it is also the return that the lender gets in lending to the borrower. The interest rate in automobile mortgage is usually calculated as a percentage of one-year interest and principal.

Second, the way of automobile mortgage

At present, we can mainly handle real estate mortgage loans through banks, trusts and pawns.

Third, the interest rates of different automobile mortgage routes.

(1), bank loan

The borrower applies for mortgage loan in the bank with the purchased car as collateral or pledge. When applying for mortgage loans, banks must issue automobile sales contracts, automobile mortgage agreements, automobile mortgage contracts, etc. The annual interest rate starts at 6%.

(2) Trust loan

Trust automobile mortgage means that the trustee accepts the entrustment of the principal and makes a loan with the funds deposited by the principal according to the object, purpose, term, interest rate and amount specified by the principal (or in the trust plan), and the financier takes automobile mortgage as the guarantee method of the trust loan. The interest rate plus handling fee is generally around 18%.

(3) Pawn loan

Mortgaged real estate mortgage loan refers to the behavior that the pawnbroker mortgages his car to the pawnshop, pays a certain percentage of handling fee and interest, obtains the pawnbroker's interest and handling fee, and repays the pawnbroker's money and redeems the pawnbroker's goods within the agreed time limit. Interest and other comprehensive expenses add up to about 3% per month.

What is the general interest rate for car loans?

What's the car loan interest rate?

The car loan interest rate is closely related to the loan term. Generally, the interest rate of car loans with shorter term is lower. If the car loan time is long, the car loan interest rate is relatively high. The following are the car loan interest rates:

Within 1.6 months (including 6 months), the annual interest rate of the loan is 5.6%;

2.6 months to 1 year (inclusive), and the annual interest rate of the loan is 5.6%;

3. 1 to 3 years, with an annual interest rate of 6.0%;

For 4.3 to 5 years, the annual loan interest rate is 6.0%, and for more than 5 years, the annual loan interest rate is 6. 15%.

The loan interest rate of car loan is generally between 6.5% and 9.3%. Here are the car loan interest rates of various banks:

Bank of China:

Loan term 1 year, loan interest rate 4%, 2 years 8%, 3 years 12%.

China Construction Bank:

1-3 years (including 3 years), 5.3 1% years, 3-5 years (including 5 years) and 5.4% years.

Industrial and Commercial Bank of China:

The car loan interest rate is 5.60% within 6 months (including 6 months), 6.0% from 6 months to 1 year (including 1 year), 1-3 years (including 3 years), 6. 15% year, 3-5 years.

What is the loan interest rate of car loan?

How can you not know the car loan interest rate if you want to apply for a car loan? There are generally two modes of auto loan: direct loan: the borrower directly applies for auto loan from the bank and then buys a car at the auto dealer; Intermittent loan: the borrower buys a car at the garage before applying for a loan.

No matter what kind of loan, we hope that the lower the loan interest rate, the better. If you don't need interest rate, it's best. Sure, just thinking about the idea. After all, commercial banks and other lending institutions are profitable.

However, the interest rate of bank loans is generally the lowest among all loan channels, which is one of the reasons why many people will give priority to banks when they need loans.

What is the interest rate of 20 18 car loan? Let's have a look.

Although many commercial banks say that their loan interest rates are based on the benchmark loan interest rate issued by the central bank, in fact, many banks will adjust the benchmark loan interest rate according to their own banking policies and conditions, and different banks have different regulations on car loan interest rates.

Central bank loan benchmark interest rate

Taking CCB and China Merchants Bank as examples, it is understood that the one-year car loan interest rate of CCB is 5.3 1%, and the interest rate for 3-5 years (including 5 years) is 5.4%; The one-year loan interest rate of China Merchants Bank is 5. 1%, and the interest rate for 3-5 years (including 5 years) is 5.5%.

Extended data:

The qualifications of different regions and borrowers will affect the loan interest rate. The above data are for reference only. Please consult the relevant bank for details.

For example, the loan interest rate stipulated in China Bank's personal automobile consumption loan: the general customer loan interest rate is subject to the benchmark interest rate, and the high-quality customer loan interest rate can be appropriately lowered on the basis of the benchmark interest rate with the approval of the provincial branch, with the downward fluctuation rate not exceeding 10%.

In addition to bank car loans, many people will also choose credit cards to buy cars in installments. Although there is no interest on credit card installment, there will be a handling fee. The handling fee is related to the number of installments.

There are 12, 24 and 36 car purchases by installments, and the installment fee rates are 0-3%, 4-7% and 10- 12% respectively. The longer the staging time, the more expenses will be generated.