1. What is the installment payment for credit card purchase?

Car purchase by credit card installment (car purchase by credit card loan) refers to the credit card payment method that the credit card holder applies to the issuing bank for a part of the car purchase amount, repays it monthly within the agreed time limit, and pays a certain handling fee according to the provisions of the issuing bank.

This method requires a certain proportion of down payment, and the rest can be repaid monthly; You don't need to pay interest, you just need to pay the handling fee, which is generally charged by the bank at one time, and the installment period can be up to 3 years.

2. The difference between credit card installment car purchase and loan car purchase.

Compared with other car loans, the threshold for buying a car with a credit card is lower. As long as the applicant has a good personal credit record and can provide proof of work income or property recognized by the bank, the loan can be completed within 7 working days. Moreover, there is no interest on buying a car by credit card in installments, only a handling fee, which is cheaper than ordinary loans.

3. Materials to be prepared for credit card car purchase by stages.

Whether the application for car purchase by installment by credit card can be approved or not, and how much loan can be obtained in the end, mainly depends on the relevant certification materials provided by the applicant, such as resident status, fixed income, assets, credit records, etc.

4, credit card loan to buy a car flow chart

1 First, choose your favorite car and pay attention to the application conditions of the credit card issuing bank;

2. The cardholder applies to the bank for credit card installment by telephone, such as the automobile installment business of China Merchants Bank, and submits relevant materials;

3. The bank staff shall examine the application submitted by the borrower;

4. After approval, sign a loan agreement with the borrower;

5 the bank transfers the money to the car dealer's account;

6. The cardholder shall go through the formalities of automobile mortgage registration;

7. The borrower pays the down payment to the car dealership, and goes through the formalities of picking up the car with the bill of picking up the car issued by the bank, and the cardholder picks up the car for use.

5. Time required to buy a car with a credit card.

Individuals can generally complete the installment business of credit card car purchase within 3 to 7 working days, and the installment business within the credit card limit can be completed at the earliest or even on the spot.

What are the conditions for buying a car with a credit card loan? I understand the process of buying a car with a credit card loan for one second.

Buying a car is the pursuit of many young people, but the actual economic ability does not allow it, so credit card loans give them hope. More and more people have credit cards. What are the conditions for buying a car with a credit loan and what is the process of buying a car?

Conditions for buying a car with a credit card loan

Credit card loans to buy a car are lower than bank loans, and the review is faster. If you have a stable income and good personal credit, you can apply easily. Some people have special credit cards to buy cars. So, what conditions do you need to buy a car with a credit card loan? Let's take a closer look:

1. The applicant must be a natural person aged 18-60 with full civil capacity;

2. The applicant must be a China citizen or an overseas person who meets the conditions for issuing unsecured cards, and meet the stability conditions required for issuing cards;

3. The applicant must have a stable source of work or income and the ability to repay the principal and interest of the loan on schedule;

4. No bad credit record, no cash or multi-head credit, and no excessive debt.

Credit card loan car purchase process

If you meet the above conditions for buying a car with a credit card loan, you can start the process of buying a car with a good credit card.

1. After the cardholder chooses to buy a car, the dealer will confirm whether the car is within the scope of credit card loan;

2. The cardholder applies to the bank for credit card installment by telephone, including installment amount and installment times;

3, bank staff to review the borrower's application;

4. After approval, sign a loan agreement with the borrower;

5. The bank transfers the money to the car dealer's account;

6. The cardholder shall go through the formalities of automobile mortgage registration;

The above is the introduction of the conditions and process of buying a car with a credit card loan. If you need to buy a car and want to buy it with a credit card loan, then introduce the credit card processing channels, where you can find any credit card you want to apply for. Generally, banks will have corresponding preferential activities when they buy a car with a credit card loan. Friends who want to enjoy the preferential treatment must know for themselves.

What is the process of buying a car with a credit card loan?

With the popularity of credit card loans, more and more people choose credit card loans to buy cars, so what are the ways to buy cars with credit cards? What information do you need for a credit card loan to buy a car?

First, the way to buy a car with a credit card loan

There are two ways to buy a car with a credit card loan. One way is to buy a car at a car dealer that cooperates with the bank. After signing a car purchase contract or agreement with the dealer, the dealer will apply for a loan from the bank. The other is to apply for a loan directly at a bank outlet. After signing a loan contract with the bank, you can choose to sell your car and buy your favorite car.

Second, the characteristics of credit card loans to buy a car:

1, the credit card loan to buy a car is limited, and the maximum credit card loan is 200,000;

2. Some banks have requirements for the holding period of credit cards;

3. Credit card loans are limited to buy cars;

4. No interest, only handling fee.

Third, credit card loan to buy a car information

1. Fill in the loan application form;

2. The lender's valid identity documents, occupation and income certificates and basic family information;

3. The proof or document of the lender's guarantee requirements, and the car purchase contract or agreement shall be provided when applying for the loan through the dealer;

4. Other conditions required by the bank.

Fourth, the process of buying a car with credit card loan

1. After the cardholder chooses to buy a car, the dealer will confirm whether the car is within the scope of credit card loan;

2. The cardholder applies for credit card installment payment by telephone;

3, bank staff to review the borrower's application;

4. After approval, sign a loan agreement with the borrower;

5. The bank transfers the money to the car dealer's account;

6. The cardholder shall go through the formalities of automobile mortgage registration;

7. The cardholder uses the car.

This concludes the introduction of how to buy a car with a credit card loan and whether it is necessary to buy insurance in the bank with a credit card loan. I wonder if you have found the information you need?