Bank of China's Consumer Car Loan Strategy
I. Loan conditions
1. A natural person with full capacity for civil conduct;
2. Effective proof of personal identity;
3. Have the legal ability to repay the loan principal and interest;
4. Good personal credit;
5. Holding a car purchase contract, agreement or letter of intent approved by the handling bank;
6. Provide collateral (pledge) with sufficient compensatory capacity recognized by the handling bank or individual or unit, and provide an irrevocable joint liability guarantee of a third party; Or provide corresponding information that meets the customer access conditions in the Interim Measures for the Administration of Individual Credit Revolving Loan Quota of Bank of China;
7. Proof of the ability to pay the down payment within the limits specified in these Measures;
8. Other conditions stipulated by the handling bank.
Two. loan application
Materials to be provided for applying for personal car loan business:
Loan application;
(two) the original identity card, residence booklet or other valid proof of residence, and provide a copy;
(3) Proof of professional and economic income, including but not limited to income certificate issued by the unit, bank deposit slip, credit card statement, tax payment certificate, etc. ;
(4) Car purchase agreement, contract or letter of intent signed with the dealer;
(5) Certificates or documents required for guarantee, including the list of collateral (pledge) and the proof that the deprived person (including the property owner) agrees to mortgage and pledge; Proof of the ownership or use right of the mortgaged property, written appraisal certificate issued by the competent department (written appraisal of the invoice price of the vehicle combined with the published price in the market), and documents agreeing to insure; Pledged goods need to be delivered with collateral or proof of rights; The guarantor agrees to perform the joint and several liability guarantee contract and relevant credit certification materials; Or documents that meet the conditions of credit loans;
(6) Relevant certificates that the down payment for car purchase has been paid;
(7) Other documents required by the branch.
Three. amount of loan
The loan amount of general customers is not higher than 60% of the car price in principle, and the guarantee provided by high-quality customers is not higher than 70% of the car price in principle; In principle, the loan amount for high-quality customers is not higher than 70% of the car price.
Four. length of maturity
The term of personal automobile consumption loan for general customers shall not exceed 3 years (including 3 years) in principle; The maximum term of personal automobile consumption loan for high-quality customers shall not exceed 5 years (including 5 years).
Verb (abbreviation of verb) loan interest rate
According to the length of the loan period, the loan interest rate of the corresponding grade published by the People's Bank of China shall be implemented, and the general customer loan interest rate shall be the benchmark interest rate, which shall not be lower than the benchmark interest rate in principle; With the approval of provincial branches, the loan interest rate of high-quality customers may be appropriately lowered on the basis of the benchmark interest rate, and the downward rate shall not exceed 10%.
Intransitive verb loan currency
At present, there is only RMB.
Seven. Loan guarantee
(1) The borrower shall provide sufficient and effective guarantee as a reliable second repayment source. Among them, ordinary customers must provide either of the following two guarantee methods, and high-quality customers can provide either of the following guarantee methods.
1. Car mortgage loan
2. Irrevocable joint and several liability guarantee of the third party (natural person or legal person)
3. Mortgage/pledge of property other than vehicles.
4. Other guarantee methods recognized by the Head Office.
(2) Credit loans can be used for high-quality consumer car loans that meet the requirements of the Interim Measures for the Administration of Individual Credit Revolving Loan Limits of Bank of China.
Three. The loan guarantee shall be managed in strict accordance with the Guarantee Law and other relevant laws and regulations and the relevant provisions of the Bank's current mortgage/pledge guarantee.
Eight. Loan insurance
You should apply for mortgage insurance according to the requirements of the Bank of China. The insurance period shall not be shorter than the loan period, and the insurance amount shall not be less than the sum of the loan principal and interest. The Bank of China enjoys the priority of compensation in the insurance policy, and there shall be no restrictive clauses in the insurance policy that damage the rights and interests of the Bank of China. If you use the purchased vehicle as collateral, the Bank of China will require you to at least insure the collateral against vehicle loss and theft.
During the validity period of the insurance, you shall not interrupt or cancel the insurance for any reason; If the insurance is interrupted, the Bank of China has the right to take out insurance on its behalf. If there is any damage beyond the insurance scope, it shall promptly notify the Bank of China and implement other guarantees.
Nine. Loan repayment
Repay the loan principal and interest monthly (quarterly). Specific repayment methods can be equal principal and interest repayment method and average capital repayment method. High-quality customers with a loan term of less than one year (including one year) can repay the loan principal and interest in one lump sum at maturity, and the loan amount is not higher than 60% of the car price.
X. applicable object
People's Republic of China (PRC) citizens with full capacity for civil conduct, or Hong Kong, Macao and Taiwan residents and foreigners who have lived in People's Republic of China (PRC) for more than 1 year (inclusive).
Million car purchase subsidy