Definition of mortgage:

Buying a car by mortgage means that the borrower who applies for buying a car pays part of the down payment first, and the lender pays the rest to the buyer in installments. Original ID card, residence booklet or other valid proof of residence, and provide a copy; And proof of professional income; The car purchase agreement, contract or letter of intent signed with the dealer; Other documents required by the Cooperation Organization.

Mortgage application method:

In order to increase car sales, the government and financial institutions jointly launched a personal loan car purchase business. At present, there are two main ways to buy a car with personal loans in the market finance industry, namely, buying a car with real estate mortgage (using real estate as collateral). General mortgage loans can buy a car for up to five years, with a down payment of more than 30%. The interest rate is mainly determined according to the loan type and personal qualification. Personal credit loan to buy a car (unsecured, generally requires good credit and stable work income), this form of loan can generally be used for five years, with a down payment of more than 30%.

Million car purchase subsidy