The car loan will be settled after one year. If it is repaid in advance, the remaining principal and the interest from the last payment date to the day of early repayment need to be returned. Subsequent interest does not need to be returned. . And if a user only applies for a car loan for one year and pays off the car loan on the loan maturity date, he will definitely need to pay off the interest as stipulated in the contract.

There is also a special case where the user applies for an interest-free car loan, that is, he only needs to repay the principal of the car loan without repaying interest, so there is no need to pay interest for early settlement or due settlement. of.

A car loan refers to a loan issued by a lender to a borrower who applies to purchase a car, also called a car mortgage.

Loan target: The borrower must be a permanent resident of the location where the loan bank is located and have full civil capacity.

Loan conditions: The borrower has a stable career and the ability to repay the principal and interest of the loan, and has good credit; can provide recognized assets as collateral or pledge, or a third party with sufficient repayment capacity to repay the principal and interest of the loan. and assume joint liability as a guarantor.

Loan amount: The maximum loan amount generally does not exceed 80% of the selling price of the purchased car. Loan term: The term of automobile consumer loans is generally 1-3 years, with a maximum of no more than 5 years.

The risk of car loans arises faster and higher than that of home loans. The release of the risk content of car loans has revealed the default rate of banks. The ultimate victim of bad debts in car loans is the bank itself. Faced with the ruthless risks of car loans, Banks had no choice but to bear all losses from bad debts. The emergence of a large number of car loan risks has caused banks to raise the threshold for car loans to varying degrees and tighten the approval of car loans.

To apply for a car consumer loan, if the borrower is a legal person, in addition to providing ID card, household register, income statement, asset certificate, business license, organization code, tax registration certificate, etc., and The legal person must be the person himself.

Interest-free loan to buy a car is a preferential car loan plan proposed by dealers based on market demand, which to a certain extent relieves consumers' car-buying pressure. The interest-free car loan discount is not available for all models, and there are certain restrictions.

In general, there are two conditions that need to be met when applying for an interest-free loan to buy a car model:

1. Model restrictions. Typically, interest-free car loans are discounts offered by dealers for specific models, and not all models are suitable.

2. The monthly repayment amount is large. Some models require consumers to repay less than 5,000 yuan per month. In comparison, this repayment method is more stressful.

Interest-free loan car purchase policies are often targeted at unpopular models, and not all models can enjoy this discount. Moreover, models participating in interest-free loans are often sold according to the guide price, rather than the price quoted in the dealer's store, which is usually much higher. And even if there are discounts on these models, they are much less than buying the full price of the car.