The general term of car loan is 3 years, but the longest period will not exceed 5 years, including 5 years; When lending money, institutions will treat it differently according to the nature of borrowers. For taxi companies or car rental companies, the longest loan period is no more than 3 years; The loan period for other enterprises and institutions is not more than two years in principle, and the loan period for individuals is generally three years. The car loan borrower must be a permanent resident of the place where the loan bank is located and have full capacity for civil conduct. Benchmark interest rate for loans: According to the regulations of the central bank, the benchmark interest rate for auto loans is implemented, but financial institutions can float within a certain range. The term of auto loans in major banks is generally less than five years, and the interest rate of auto loans directly determines the cost of people's loans and becomes an important factor in determining whether people lend. How to calculate the monthly car loan interest rate The formula is: a = p (1i) [(1i) n-1]/n2/ia: monthly contribution p: total contribution i: monthly interest rate (annual interest rate/12)n: 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. 20 13 latest bank loan interest rate: benchmark floating 10%- 15% personal loan car purchase business is divided into direct customers, indirect customers and credit card car loans. The direct customer type is generally a bank car loan for customers to meet directly, and the indirect customer type is generally a car loan from an auto finance company to a customer car loan. The fees charged by banks for direct car loans include deposit, principal and interest, and 3% guarantee fee. And the bank's premium customer fees will be discounted, but the preferential policies of each bank are different. In addition to the above fees, the car loan of individual auto financing companies also needs to bear the supervision fee, fleet management fee and warranty renewal deposit. And credit cards, car loans. Credit card installment car loan only provides installment payment for bank credit card users, not all conditions can be handled, and there is an audit procedure, which is difficult for credit card users with bad credit records. The specific steps of buying a car by credit card are roughly as follows: 1. The cardholder (or applicant) calls the credit card center of the bank or goes to the local bank to find out whether he can apply for a credit card car loan. 2. The cardholder will fill in the installment order of car purchase at the dealer with his ID card, and the bank background will review it. 3. After the order is approved, the cardholder pays the down payment and goes through the normal car purchase procedures. 4. After the vehicle is licensed, the cardholder needs to go to the bank to go through the mortgage formalities and purchase the required auto insurance. Finally, I can drive the car away smoothly.

Second, how many years can I borrow a car loan at most?

General car loans can be borrowed for three years, up to five years. Take the Bank of China as an example. The maximum period is three years. If the applicant's work unit is good, he can apply for a loan for five years.

Loan terms:

First, People's Republic of China (PRC) citizens, or Hong Kong, Macao and Taiwan residents and foreigners who have lived in People's Republic of China (PRC) for more than 1 year;

Second, it has valid identification, fixed detailed address and full capacity for civil conduct;

Third, personal legal assets with stable legal income or sufficient to repay the principal and interest of loans;

Fourth, personal credit is good;

Fifth, it can pay the down payment stipulated in these measures;

6. Other conditions required by the lender;

Seventh, at least 25-55 years old;

Eighth, have a stable work unit;

Tenth, have worked continuously in the current unit for 6 months.

The minimum down payment for a loan is generally 30%. Some excellent occupations, such as civil servants, and their own real estate that can be listed and traded can be loaned to 80%, that is, the down payment is 20%. Suppose the total car loan is 654.38+ 10,000, and the loan is 70%, that is, 70,000. According to the usual maximum 3 years, the total interest is 6594.79, and the monthly payment is 265.438+027.63 at the current interest rate. You can repay the loan in advance, and generally will not generate additional interest or expenses. Note that car loans can only be based on car prices, purchase taxes, insurance and the like.

3. How many years can I borrow a car loan?

(China Merchants Bank) The term of auto loans is generally not more than 3 years, and the longest is not more than 5 years. How long the loan can last needs to be submitted to the personal loan department of the outlet, and can only be determined after comprehensive examination and approval.

4. How many years can I borrow a car loan?

The loan period of auto loan (including extension) shall not exceed 5 years, in which the loan period of used car loan and dealer auto loan shall not exceed 1 year.