Car loan interest is related to many factors and can be selected according to the following. If the car loan time is less than 1 year, China Bank is the first choice, followed by China Construction Bank and Ping An Bank; Generally speaking, Ping An Bank has the lowest car loan interest rate, which can be given priority.
Among several banks, the highest car loan interest rate is China Construction Bank; China Bank's car loan conditions are strict, so it is not necessarily the first choice.
The car loan interest rates of different banks are different, and generally fluctuate according to the benchmark interest rate of central bank loans. The benchmark interest rate is as follows: the loan interest rate is 4.35% within one year, 4.75% within one to five years, and 4.90% for more than five years.
Calculation formula: car loan interest = loan amount, annual interest rate term, and banks also need to combine personal credit, bank/store preferential activities, down payment ratio, etc. Therefore, it is necessary to determine which bank car loan is the most cost-effective according to the actual situation of the owner.
For example, what is the 3-year interest on a car loan of 654.38+ 10,000 yuan? Mr. Li applied for a car loan of 654.38 million yuan in a bank and chose to pay it off in three years. The approved loan interest rate is 4.75%. According to the above formula for calculating the car loan interest rate, it can be concluded that the final car loan interest rate is100000x4.75% x3 =1422.
The process of bank loan to buy a car is as follows.
1. After the car buyer selects the vehicle to be purchased, he prepares relevant materials and applies for a car loan from the loan bank; 2. The loan bank conducts examination and investigation according to the submitted application materials; 3. After approval, the borrower signs a loan contract with the loan bank; 4. The borrower shall go to the local vehicle management office for mortgage registration; 5. The loan bank issues the loan, and the borrower takes the relevant certificate to the dealer to pick up the car.
Which bank has a good car loan? These three models are suitable for you with a small down payment!
Nowadays, many families choose bank car loans to buy cars. However, in the face of so many banks, most people don't know which bank has a good car loan. Today, I will compare the car loans of several banks to see which one is good.
Everbright Bank
The car loan of China Everbright Bank can provide you with a loan of up to 6.5438+0 million yuan, with a maximum term of 5 years. The down payment ratio of fuel vehicles is 30%, and that of new energy vehicles is 20%. In addition, the borrower is under 65 years old when the loan expires.
China Citic Bank
The longest loan period of CITIC Bank's new car consumption loan is 5 years, and the minimum down payment is 20%. In addition, there are a large number of car brands with zero or ultra-low interest. After you apply for a loan through CITIC Bank official website, mobile banking, cooperative dealers and other channels, you will be approved within 2 working days.
Shanghai Pudong Development Bank
The automobile consumption loan of Shanghai Pudong Development Bank can provide loans for up to five years, with 20% down payment for domestic cars and joint venture cars and 30% down payment for imported cars. Shanghai Pudong Development Bank requires borrowers not to be over 60 years old on the loan maturity date.
China Merchants Bank
The personal car loan of China Merchants Bank can provide you with a loan of up to 2 million yuan, with a maximum term of 5 years and a minimum down payment of 20%. The loan can be completed the next day at the earliest. For friends who have better jobs, there is no need to pay the guarantee fee or the performance guarantee insurance fee.
Bank of China
The personal consumption car loan of China Bank divides customers into ordinary customers and high-quality customers. The down payment ratio of ordinary customers is 40%, and the longest loan period is 3 years. The down payment ratio of quality customers is 30%, and the loan period is up to 5 years.
Comparing the above five banks, it is not difficult to see that the loan amount can basically meet everyone's needs. For friends with a small down payment, CITIC Bank, Shanghai Pudong Development Bank and China Merchants Bank are all good choices.
Which bank is good for buying a car with a credit card loan? Competition of Eight Credit Cards for Auto Loan by Stages
1, Bank of China "Car Loan Link"
China will provide up to 80% car loans for domestic cars and up to 70% car prices for imported cars. There are three options for the installment period: 12, 24, 36. For different models, the installment fee rate set by BOC is also different. 12, 24, and 36, the minimum and lower limits of the car purchase fee rate are 4%, 7%, and 10% respectively. In addition, some models can be exempted from the first-year handling fee.
It is worth mentioning that, according to the characteristics of credit cards, the "car loan link" business of Bank of China also arranges an interest-free period for the monthly repayment plan, which can last for 50~56 days at the longest. When car buyers encounter pressure in repayment, they can use the interest-free period to postpone the repayment plan.
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The installment payment of ICBC Peony Credit Card has many advantages: the installment fee is more favorable than that of peers; Car down payment is 30%, with a maximum of 6,543.8+0,000 yuan; Independently choose the loan term 1-3 years; Automobile dealers with extensive cooperation; No occupational restrictions, no household registration restrictions; No need to mortgage the property; Free of guarantee fee, deposit and management fee.
Peony card car installment payment procedures are simple and the cost is low. One is to provide one-stop service, and the whole business can be completed in 3-5 working days. Second, repayment can be made through any branch of ICBC. Telephone banking and online banking are more convenient for transfer and remittance. Third, according to your repayment ability, you can choose different repayment periods, ranging from the shortest one year (12) to the longest three years (36). Fourth, if you choose ICBC Peony Card installment payment service, you can also enjoy preferential rates.
The monthly repayment amount of construction bank Longka car purchase by installment is included in your statement. You only need to repay the amount listed in the statement, and the repayment method is the same as general consumption. Business rules:
(1) China Construction Bank provides installment payment service for 12 (one year) and 24 (two years) car purchases.
(2) The installment amount of car purchase ranges from 200,000 to 200,000 (the installment amount ranges are different according to different models. For details, please click on the "Cooperative Vehicle" column or consult). China Construction Bank will decide whether to approve or not and the amount of approval according to the cardholder's credit record and consumption behavior.
(3) The down payment ratio shall be at least 30% of the price of the online car (different models have different down payment ratios, please click on the "cooperative models" column or consult for details), and the down payment shall be made by cash or debit card.
(4) Cardholder's handling fee = installment amount × cardholder's handling fee rate (handling fee is included in the bill of the first month after installment consumption).
(5) The cardholder shall insure the whole vehicle theft and emergency rescue and vehicle loss insurance for the installment payment of Longka car purchase. The insurance period is consistent with the installment period, and the first beneficiary of the insurance is the owner himself.
(6) If the installment amount cannot be divisible by the number of repayment periods, the system will automatically round off the repayment amount of each period.
Introduction of buying cars by stages in Longka
4. China Merchants Bank's "Easy Car Purchase"
"Easy car purchase" means that China Merchants Bank will increase the installment quota of credit cards according to the credit status of credit card holders, so as to meet the demand of cardholders to buy designated brand cars during the disposal period of designated dealers. Cardholders can repay the car purchase money in monthly installments only by bearing a certain handling fee, which fully reduces the repayment pressure. Business rules:
1. The total installment amount of car purchase business ranges from 30,000 yuan to 200,000 yuan (please consult the local dealer for details according to different models). Cardholders can arbitrarily choose the total installment amount (which must be an integer multiple of 5000) within their own installment amount (determined by their credit card amount, credit status and credit card usage).
2. The minimum down payment ratio for car purchase is 30% of the car purchase price (the down payment ratio will be different according to different models, please consult for details), and the down payment amount must be paid by non-China Merchants Bank credit card.
3. Car purchase service provides 12 installment (monthly) and 24 installment (monthly) payment services. 12 The handling fee rate for installment payment is (month), and the term of installment payment is 7%. The total handling fee = the total installment amount × handling fee rate (the handling fee is included in the first bill after the installment purchase).
4. To participate in the car purchase business, you must insure three types of insurance: 1, theft and emergency rescue (all-insurance of car price); 2. Third party liability insurance (not less than 200,000 yuan); 3. Car damage insurance (insured amount ×80%= installment amount), and the number of insurance periods cannot be less than the number of installments.
5. The first beneficiary of insurance is the Credit Card Center of China Merchants Bank Co., Ltd. When the insurance compensation amount is not higher than 5,000 yuan, the insurance company can directly pay the cardholder without the authorization of China Merchants Bank.
6. If the total installment amount cannot be divisible by the number of repayment periods, our system will automatically round off and split the repayment amount of each period, and the total repayment amount will remain unchanged.
7. The specific purchase price of the vehicle shall be directly negotiated and determined by the cardholder at the designated dealer's store according to the normal car purchase process.
Cooperation Mode of Credit Card and Car Loan of China Merchants Bank
5. Minsheng Bank "Car Purchase Link"
Minsheng Bank's "car loan" car loan is a phased car purchase service provided by Minsheng Bank to credit card holders. Convenient car loan methods can help cardholders save a lot of trouble.
The total amount of installment payment for car purchase service ranges from 20,000 yuan to 600,000 yuan, and the minimum down payment ratio is 30% of the car purchase price, providing 12 (month) and 24 (month) installment payment services. Cardholders choose the appropriate car loan scheme according to their actual situation.
6. Bank of Ningbo's "Love Home Staging"
Bank of Ningbo's credit card installment business for some automobile brands-Bank of Ningbo Ai Jia installment. According to reports, consumers who buy cars through Bank of Ningbo credit card installment business do not need to pay interest, as long as they pay a certain handling fee on schedule.
Expense breakdown of "Love Home Installment": Installment expenses for the 6th installment, 12 installment, 18 installment, 24th installment, 30th installment and 36th installment are,,, respectively. Attention to consumers: Bank of Ningbo Family-loving Staging is only for cardholders, and only those who hold senior positions in Fortune 500 enterprises can handle it.
7. Guangfa Bank Credit Card Car Loan
Buying a car by credit card of Guangfa Bank is a credit card installment business of Guangfa Bank. The most obvious advantage of Guangdong Development Bank in buying a car by credit card is its low cost, and credit card installment has great advantages.
The credit limit that the cardholder can apply for is 200,000-200,000; There are three stages: 12 months, 24 months and 36 months. Credit installment car loan has no expected annualized interest rate, and Guangfa Bank only charges a handling fee, and the handling fee rate is different in different installments.
8. Bank of Communications "e-car loan"
The "e-car loan" product of Bank of Communications credit card has been optimized according to the needs of car buyers. Car buyers can apply for a loan line from the bank in advance when choosing the target model, and the bank will give the car buyers a credit line available within a certain period of time after approval. After signing the car purchase contract, the car buyer can provide loans in real time and pick up the car at the 4S shop designated by the Bank of Communications. The car purchase procedure is exactly the same as the full payment, so there is no need to wait.
Competition of Eight Credit Cards for Auto Loan by Stages
The front is a detailed introduction to the credit card car loans of the eight major banks. You may not be able to make an accurate judgment on the merits of these credit card car loans. I believe that through the comparison of the following data, you will be clear at a glance.
1, ratio comparison
Except for China Merchants Bank and Bank of Ningbo, the number of periods and handling fees, the expected annualized interest rate and other fees of other banks need to be determined according to the vehicle type.
2. Data comparison
Which bank has a good car loan? These four families are all very good!
Nowadays, many people have the conditions to buy a car, but the pressure of one-time payment is relatively high, so they can choose to repay by installments. Now many banks have car loan services. Which bank is better? Which bank is more cost-effective? Take a brief inventory of a few familiar ones.
1, Ping An Bank
A bank has car loan service, and the amount of a single loan is as high as 500,000 yuan. The down payment requirement is low, and you can apply for a loan as long as you can pay 20%. After completing the mortgage loan, you can realize rapid lending within one day.
2. China Merchants Bank
China Merchants Bank can provide the lender with a loan of up to 2 million yuan, but the repayment period shall not exceed five years. After calculation, the monthly repayment amount is relatively high. The down payment ratio is at least 20%, and the loan can be completed within one day at the earliest. If the personal salary conditions are better, the approval amount will be higher.
3. Bank of China
As one of the four major state-owned banks, China Bank has a loan term of no more than three years, five years for high-quality customers, a down payment ratio of over 40% for general customers and a minimum down payment of 30% for high-quality customers. Ordinary customers are not lower than the benchmark interest rate, and the interest rate of high-quality customers is not lower than 10%, which is higher than other banks. Only high-quality customers can enjoy some rights and interests.
4. China Construction Bank
The purchased vehicle is a self-use vehicle, and the longest loan period is no more than 5 years; The purchased vehicle is a commercial vehicle with a loan term of no more than 3 years; Minimum down payment of 20%; As for the loan interest rate, it shall be implemented in accordance with the loan rules stipulated by CCB.
In short, bank loans are very cost-effective, and other banks have similar car loans. You can choose freely according to your own conditions and requirements. It is more cost-effective to give priority to state-owned banks.
Which bank has a good car loan? Which bank has an advantage?
Many people are entangled in whether to buy a car in full or by loan, and what kind of loan method to choose. Rong 360 tells you which bank has a good car loan? Which bank has an advantage?
Car loan methods have their own advantages and disadvantages.
At present, the channels of car loan are banks and auto financing companies. Among them, banks include traditional car loans and credit card installment payments. There are many kinds of traditional car loan business, so customers who choose "direct customer" business can borrow money first and then buy a car; Customers who handle "private" business first choose a good car and then apply for a loan through a car dealer.
The person in charge of a 4S shop of Nanjing FAW-Volkswagen said that the credit card installment business is popular at present, and the threshold is low. For cooperation with specific car dealers, such as buying Volkswagen, the loan method can choose the credit cards of China Merchants Bank and China Construction Bank. In the field of consumer loans, real estate can be mortgaged, loans can be obtained, and cars can be bought. There are also unsecured consumer loans such as Jiangsu Bank, which are unlimited in use and can be withdrawn after approval.
Under the "enthusiasm" offensive of bank car loan products, car dealers are also vigorously promoting car loans. For example, FAW-Volkswagen launched the derivative service platform of "financial engine", and successively launched "0 interest rate loan scheme", "China Merchants Bank Car Purchase Easy" and "Minsheng Bank Car Purchase Link".
According to industry insiders, the credit card installment form is fast but the amount is small, the term is short, and the loan for more than 3 years is a bit expensive; The advantage of lending in auto financing companies is that car dealers can make a profit, but they can't cover all car brands; For the traditional automobile mortgage, people in the industry said that the variety is complete, the quota is high and the term is long, but the disadvantage is that the loan is slow.
One-day loan "favored"
There are still many people who say that interest-free loans are attractive, but people in the industry remind that we must be "careful" to truly save money. For example, a salesperson of a 4S shop in Nanjing said that the loan to buy a car is generally less than 6,543,800 yuan, and you can enjoy an interest-free loan within one and a half years, but you need to pay a handling fee of three points; For the installment of bank credit cards, in some banks, you must also buy theft or full insurance to enjoy interest-free loans. This may not save money in the end. The person in charge of the car loan retail department of a joint-stock bank in Nanjing said that the car loan interest rate will fluctuate according to the credit status of the loan and the benchmark interest rate of the central bank loan.
The lending time of car loans is also a concern of many people. Different loan methods have different loan time. It takes about a week to lend money in a bank and two to three days in an auto financing company. At present, the fastest car loan product on the market is the "lightning loan" of China Merchants Bank. Through the PAD mobile operating platform, the application can be completed in 20 minutes. As long as the information is complete, the pre-approval can be realized in 5 minutes, and the loan can be released within 24 hours. Backstage approval is carried out at the headquarters, and relying on the advantages of internet finance, the loan application of car buyers can be completed quickly. According to the relevant person in charge, this project is currently cooperating with the top ten luxury car brands, and the loan can limit the models and car dealers, greatly increasing the choice space for car buyers.
At present, there are many popular ways to handle car loans. The loan interest rate is different, and the payment speed varies from half a month to several days. The one with the fastest payment can get a loan in one day, which is called "lightning loan". You can judge how to apply for a loan according to your own needs.
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Let's stop here for a good introduction to banks that buy car loans.