Loan object and conditions

1. Meet the basic requirements of our retail loan customers.

2. Foreigners or residents of Hong Kong, Macao and Taiwan must also meet the relevant requirements of the state for foreigners when purchasing commercial housing.

3. Have the ability to repay the loan principal and interest on time. The borrower's monthly loan expenditure should be controlled below 50% (inclusive), and the monthly debt expenditure should be controlled below 55% (inclusive).

4. Personal car loan customers must be local residents where the institution is located.

5. Age plus loan period shall not exceed 60 years old. If two or more applicants apply for a loan, the loan term can be reasonably determined according to the actual situation, but at least 1 the borrower is not over 60 years old.

6. Other conditions stipulated by this institution.

amount of loan

1. The maximum loan amount is 2 million yuan.

2. The maximum loan amount shall not exceed 80% of the purchased vehicle price (excluding various additional taxes and premiums).

3. The maximum amount of individual car loan for imported cars shall not exceed 70% of the price of the car purchased (excluding various additional taxes and premiums).

deadline

The loan term is generally not more than 3 years, and the longest is not more than 5 years (including the cumulative term after the loan extension).

Loan guarantee letter

1. The third party guarantees and mortgages the purchased vehicle in the whole process.

2. Insurance companies provide full performance guarantee insurance.

3. Professional guarantee companies provide full guarantee.

4. The phased guarantee and mortgage for the purchase of vehicles

5. Only mortgage the purchased vehicles.

6. Only provide natural person guarantee

7. Please refer to the specific product regulations for products with different protection methods. For those who can use multiple guarantee methods, try to use our better guarantee method.

(See the second question for details of various guarantees.)

Basic process

1. Unless otherwise specified, the basic process of personal car loan shall be handled with reference to the relevant provisions in the process part of this specification.

2. Commercial acceptance

(1) Individual auto loan applicants can apply for loans from our bank by themselves, or through car dealers who are waiting for our partners to forward the information.

(2) To apply for a loan through the materials handed over by the partners, the application materials shall be submitted as required by the bank. The bank shall provide the partner with a list of loan application materials and specify the basic requirements of relevant materials.

Direct customer process

1. Personal car loan direct customer process refers to the business model that the loan applicant applies for a loan, and the bank determines the maximum loanable amount according to the income and asset certificate provided by him, and draws the conclusion of conditional approval.

2. With the direct customer process, the loan applicant does not need to provide proof of car purchase transaction when applying for a loan.

3. After the loan is approved, the bank can issue a "personal car loan commitment letter" to the loan applicant. The bank shall agree with the customer on the validity period of the letter of commitment, which shall not exceed 3 months at the longest.

4. The conclusion of conditional approval includes not only the basic conclusion of loan approval for retail credit business, but also at least the transaction certification materials before loan issuance, and puts forward the requirement of minimum down payment for car purchase.

5. Before the loan is issued, the loan applicant must provide proof of car purchase transaction and proof of down payment not lower than the conclusion of loan approval.

6. Loan approval conclusion The loanable amount is the maximum amount that the loan applicant can use, and the actual loan amount should also meet the requirements of the down payment ratio. The loan amount exceeding the actual loan amount will be automatically invalidated, and this part of the loan amount shall not be used in any name.

7. For other links in the direct customer loan process, please refer to the relevant provisions of the basic process of personal car loan.

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