1. Who can get a car loan?

1. A car loan refers to a loan granted by a lender to a borrower who applies to purchase a car, also called a car mortgage. 2. Loan target: The borrower must be a permanent resident of the location where the loan bank is located and have full capacity for civil conduct. 3. Loan conditions: The borrower has a stable career and the ability to repay the principal and interest of the loan, and has good credit; he or she can provide recognized assets as collateral or pledge, or a third party with sufficient repayment capacity can repay the principal and interest of the loan and assume joint and several liability. guarantor. 4. Loan amount: The maximum loan amount generally does not exceed 80% of the purchase price of the car. 5. Loan term: The term of automobile consumption loans is generally 1-3 years, and the longest does not exceed 5 years. 6. Loan interest rate: uniformly stipulated by the People's Bank of China. 7. Loan repayment method: You can choose the one-time principal and interest repayment method or the installment repayment method (equal principal and interest, equal principal). 8. The automobile finance or guarantee company is what is mentioned in the article - a third party with sufficient solvency as the guarantor to repay the principal and interest of the loan and bear joint liability.

2. Which banks can provide car mortgage loans

Currently, Agricultural Bank of China, China Construction Bank and China Mortgage Loan. Taking the Agricultural Bank of China as an example, the specific procedures

1. The applicant is under 18 years old and has full capacity for civil conduct.

2. The applicant has certain repayment ability.

3. The applicant’s credit status is good and has no delinquency.

4. The applicant holds a household registration book or valid residence certificate for the location of the bank.

5. The applicant’s car purchase behavior is genuine and he can pay no less than the stipulated replacement personal car loan purchase fee.

6. The applicant should provide qualified documents

7. The applicant should open a current deposit settlement account at the Agricultural Bank of China or the credit supervision and settlement supervision of the Bank of China.

8. If the applicant only uses the purchased vehicle as collateral, his personal credit rating is A (inclusive) or above. If a portfolio guarantee is provided to an applicant, the first-level branch shall determine the credit rating admission standards.

1. Agricultural Bank of China (ABC) was established in 1951, with its head office located at No. 69 Jianguomennei Street, Beijing. It is a line, national-level deputy ministerial unit. [2-3] The Agricultural Bank of China is an important part of China’s financial system, providing various corporate banking and retail banking products and services, and conducting financial market business and asset management business. Its business scope also covers investment banking, fund management, financial leasing, life insurance and other fields.

2. In February 2017, Brand Finance released the list of the top 500 global brands in 2017, and Agricultural Bank of China ranked 34th. In July 2018, "The Banker" magazine released the list of the top 1000 global banks in 2018, with Agricultural Bank of China ranked fourth. In 2018, it ranked 40th among the Fortune Global 500. In December 2018, the World Brand Laboratory released the list of the world's top 500 brands in 2018, with Agricultural Bank of China ranked 340th. [15] On July 22, 2019, the Fortune Global 500 list was released with 36th place. In November 2019, it ranked 44th on the list of China’s Top 100 Companies along the Belt and Road Initiative. In December 2019, Agricultural Bank of China was selected as one of the top 100 brands in the 2019 China Brand Power Ceremony. On December 18, 2019, People's Daily ranked 43rd in the top 100 list of "China Brand Development Index". Financial Evergreen Award "Sustainable" on January 4, 2020

3. Who can apply for Bank of China's personal consumption auto loans?

Who is eligible for Bank of China's personal consumption auto loans? : 1. A natural person who is over 18 years old, has full capacity for civil conduct, holds a valid identity document that complies with regulatory requirements, and has a fixed and detailed address; 2. A citizen of the People's Republic of China with a fixed residence in China, Or Hong Kong, Macao, Taiwan residents and foreigners who have lived continuously in the People's Republic of China for more than one year (including one year) and own their own properties in the place where the loan is applied. The above content is for your reference. Please refer to the business regulations. The actual situation shall prevail. If you have any questions, please feel free to consult Bank of China’s online customer service.

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