1. After the loan applicant pays off the loan ability, he/she will go to the loan bank to apply for the loan repayment settlement certificate;

2. The relevant staff of the mortgagor shall cooperate with the loan applicant to prepare relevant materials and go to the local vehicle registration management center;

Do understand the pledge procedures and cancel the pledge.

Extended data:

Personal car loan conditions:

(1) People's Republic of China (PRC) citizens, or Hong Kong, Macao and Taiwan residents and foreigners who have lived in People's Republic of China (PRC) for more than one year (including one year) (Hong Kong, Macao and Taiwan residents and foreigners should also designate a local resident with certain economic strength and good reputation as a contact person);

(2) Age 18 (inclusive) to 60 (inclusive), having full capacity for civil conduct and holding valid identity documents;

(3) Having the household registration certificate or valid residence certificate of the place where the handling bank is located;

(four) the credit record and income level are in line with the relevant provisions of the "Measures for the Administration of Personal Credit Business of Agricultural Bank of China" and have the ability to repay loans on schedule;

(five) the car purchase behavior is true, and it can pay a down payment of not less than the prescribed proportion; For the replacement of personal car loans, all the car purchase money must be paid;

(6) Providing qualified guarantees;

(seven) before the implementation of credit business, open a current deposit settlement account or bank card account in China Agricultural Bank, and be willing to accept the credit supervision and settlement supervision of China Agricultural Bank;

(8) If only the purchased vehicle is used as collateral, the personal credit rating shall be above Grade A (general grade) (inclusive); If portfolio guarantee is adopted, the first-tier branch shall determine the credit rating access standard;

(nine) the replacement of personal car loans must be applied to the bank within six months after the registration of new cars;

(10) Other conditions required by the handling bank.

At present, only some models on the market are free of interest and handling fees. Although many credit cards buy cars in installments at zero interest rate, customers have to pay a certain handling fee, which is usually paid in one lump sum at the first monthly payment.

Although interest-free car loans can save a lot of interest, consumers who often buy cars through interest-free car loans can no longer enjoy car purchase discounts.

In addition, because the car is still owned by the bank before the consumer pays off the loan, the bank will put forward measures to prevent risks and let the consumer buy a lot of insurance.

Low down payment is lower, and new cars can enjoy preferential prices. But the down payment is low, the repayment period is long, and there is no preferential interest rate.

Low-interest car loans are often car loans that car manufacturers and banks cooperate with. Manufacturers provide discounts and handling fees, banking approval and loan procedures. At present, such loans are relatively rare.