The loan is higher than usual. The monthly interest rate of buying a car with zero down payment loan is 0.53%, and the optional period is 24-60 months. Similarly, the cost converted into three years is 19.08%: 1, and the loan interest. This is the fee charged for all car loans. However, it should be noted that because it is a zero down payment car loan, the loan interest may be higher than the general car loan;

2. Notarize the mortgage fee. For a zero down payment loan for a car, the car is always mortgaged to the lender before the loan is paid off. Therefore, in the car loan, it is necessary to go through the formalities of notarization and mortgage of the car, and these handling fees generally need to be issued by the applicant;

3. Credit investigation fee. When a lending institution handles a loan, the lender will investigate the information submitted by the applicant and collect about 1% of the loan amount;

4. Performance bond. The standard of this charge is generally 3%. However, different loan companies charge different fees.

Million car purchase subsidy