Well-documented refinancing
The borrower needs to prepare identity certificate, marriage certificate and valid income certificate (tax bill, salary slip, salary passbook, etc. ) or other valid proof of income sources (funds, stocks, other monetary income, etc.). ); Although the real estate license is not necessarily the necessary mortgage, it is essential to increase the credit rating, especially in the case of credit crunch, which is often the requirement of banking institutions. If the application is made by family, the identity certificate of the borrower's spouse shall also be submitted to the bank. For the sake of risk control, if a bank can provide a marriage certificate when applying for a loan, it will increase the success rate of its loan.
Attention should be paid to credit review
When considering the borrower's repayment ability, the bank will comprehensively consider many factors such as real estate status, income, occupation, credit record, and even industry and education, so as to judge the borrower's qualification. In addition to paying attention to the real estate license, the borrower's occupation and income are all important criteria. Vehicles purchased by consumers will generally be used as collateral for car loans, but due to the large fluctuation of car prices, some banks also require real estate as collateral. In addition to the traditional methods of mortgage, pledge and guarantee, individual customers with good credit can also obtain a certain credit line. For example, a specific borrower with good personal credit can apply for a credit loan to buy a car.
The loan amount should have a bottom.
The central bank stipulates that the down payment ratio of car loans shall not be less than 20%. Due to the credit crunch during the year, only 60-70% of the loan amount can be applied. For consumers who apply for bank car loans, they should prepare for the down payment in advance according to the market price of the car type, so as to avoid a temporary panic due to ignorance. The bank's car loan amount mainly includes: applying for the mortgage of the purchased car or real estate, and the loanable amount is 70%; If a third party applies for secured loans (except banks and insurance companies), the loanable amount is 60%; Guaranteed by personal credit or joint liability, the maximum loan can be 200,000 yuan.
Loan term and repayment method
Generally, the term of bank car loan is as short as 6 months and as long as 5 years. However, the expected annualized interest rate is often different for different loan terms. When choosing the loan term, we should combine the repayment ability to find a balance between saving interest and reducing pressure.
As for repayment methods, banks generally provide two repayment methods for car loan users: equal principal and interest and average principal. Among them, the total amount of interest paid by equal principal and interest is relatively large, but the repayment amount in each period is the same, and the repayment pressure is relatively balanced; The repayment amount of each period in the average capital is gradually decreasing. Although the total amount of interest expenditure is less than the equal amount of principal and interest, the amount of repayment in the early stage is large, so think twice about whether it can bear it. In addition, for loans with a term of one year, part of the principal and interest can be paid off in one lump sum on the maturity date of the loan.