Conditions for buying a car by mortgage

1. Have valid identification and full capacity for civil conduct;

2. Can provide a fixed and detailed address certificate;

3. Have a stable occupation and the ability to repay the loan principal and interest on schedule;

4. Personal social credit is good;

5. Holding a car purchase contract or agreement approved by the lender;

6. Other conditions stipulated by the Cooperation Organization.

Buying a car by mortgage means that the borrower who applies for buying a car pays part of the down payment first, and the lender issues loans to the car buyer in installments to pay the rest. Buying a car by mortgage means that the borrower who applies for buying a car pays part of the down payment first, and the lender issues loans to the car buyer in installments to pay the rest.

application for insurance

In order to increase car sales, the government and financial institutions jointly launched a personal loan car purchase business. At present, there are two main ways to buy a car with personal loans in the market finance industry, 1. It is to buy a car with real estate as collateral. Generally speaking, a car can be purchased with a mortgage loan of up to 5 years, with a down payment of over 30%. The interest rate is mainly determined by your loan type and your personal qualifications. 2. Personal credit loan to buy a car (unsecured and unsecured, generally requires you to have good credit and stable work income). This form of loan can generally be loaned for 5 years with a down payment of more than 30%.

According to the conditions of major banks, the general conditions for buying a car by loan are: 1. Having valid identification and full capacity for civil conduct; 2. Can provide a fixed and detailed address certificate; 3. Have a stable occupation and the ability to repay the loan principal and interest on schedule; 4. Personal social credit is good; 5. Holding a car purchase contract or agreement approved by the lender; 6. Other conditions stipulated by the Cooperation Organization. Car loan application materials: original ID card, household registration book or other valid residence certificate, and provide its copy; Proof of occupation and economic income; The car purchase agreement, contract or letter of intent signed with the dealer; Other information required by banks or lending institutions.

Car purchase process

1. Lead customers to choose cars at special dealers of banks and sign car purchase agreements or contracts;

2. The borrower applies to the loan bank for personal automobile mortgage;

3. Sign the contract with the consent of the investigation;

4. Go through the formalities of notarization and mortgage of automobiles;

5. Lenders (banks) handle loans;

6. After the loan is paid off, the lender (bank) cancels the pledge certificate and returns it to the customer.