Which bank offers car mortgage loans?

Every bank can handle car mortgage loans, including China Construction Bank, Agricultural Bank of China, Bank of China, etc. However, when different banks use cars as mortgage loans, the application or mortgage conditions are different. . Let’s take Shanghai Bank’s car mortgage loan as a case study.

Required conditions and materials for Shanghai Bank to apply for car mortgage loan services:

1. Have a stable career, and the applicant has ownership of the local mortgaged vehicle

2. Long-term residence and work in cities where business is carried out

3. Motor vehicle registration certificate, driving license, purchase additional tax certificate (book), car purchase invoice

4. Insurance policy, vehicle and vessel tax, import Vehicle-related tax certificate

5. Identity card (customers with non-local accounts must provide a valid temporary residence permit or residence permit)

A car mortgage loan is based on the borrower's or a third party's car or self-owned vehicle. A loan obtained from a financial institution by purchasing a car as collateral. The purpose of loans with cars as collateral is mainly for car consumption. Most car mortgage loans are based on a pledge of the certificate rather than the car. That is to say, as long as the relevant documents are pledged to the lending institution, the loan can be obtained, and the car can be used as usual after the GPS is installed.

Extended information:

Vehicle mortgage loan category GPS category

Service target: Customers who need to use vehicles daily, pay attention to privacy, have short-term funding needs, and have good credit .

Advantages and features: After the customer completes the mortgage procedures, the vehicle can continue to be used. The borrowing amount can be up to 70% of the vehicle's estimated value.

Application conditions:

1. The applicant has ownership of local mortgaged vehicles;

2. Long-term residence and work in the city where business is carried out;

3. Motor vehicle registration certificate, driving license, purchase surcharge (copy), car purchase invoice;

4. Insurance policy, vehicle and vessel tax, imported vehicle related tax certificate;

5. ID card (customers with non-local household registration must provide a valid temporary residence permit or residence permit).

Transfer type

Service target: customers who have short-term financial needs and do not need to use the vehicle on a daily basis.

Advantages and features: Customers’ vehicles must be stored for safekeeping after going through the mortgage registration procedures. The borrowing amount can be up to 90% of the vehicle's estimated value.

Application conditions:

1. Have a stable career and vehicle ownership;

2. Live and work in a city where business is carried out for a long time;

3. Motor vehicle registration certificate, driving license, purchase surcharge certificate (copy), car purchase invoice;

4. Insurance policy, vehicle and vessel tax, and certificates of imported vehicle related taxes.