It is illegal to collect keys for personal car loans! However, loan companies do this to reduce losses and risks. If the key is needed, the loan company will certainly cooperate. You must make things clear and never threaten the loan company with "non-repayment", because doing so will not only affect your credit record, but also be punished by the loan company for breach of contract. I suggest you go to the company and talk to the person in charge. I will definitely give you a key.

First of all, many 4s stores now borrow money from banks when they stock their vehicles. At this time, the certificates of these stocks and a spare key will be mortgaged to the bank as collateral. After the vehicle is sold, the 4s shop will redeem the certificate and key from the bank with the final payment. Generally, the 4s shop will return another key to you after you play the card or at an appropriate time.

There is no uniform regulation on whether the car keys should be mortgaged by loans. Some banks may need you to mortgage a key and a vehicle registration certificate (Great Green Paper), while others only need you to mortgage a vehicle registration certificate. Therefore, it is necessary to know the bank's mortgage policy in advance before lending, so as to avoid misunderstanding when picking up the car later.

Car loan refers to the loan issued by the lender to the borrower who applies for buying a car. Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at their special dealers.

The interest rate of automobile consumption loan refers to the ratio of the loan amount to the principal given by the bank to consumers, that is, borrowers, for purchasing their own cars (non-profit family cars or commercial vehicles with less than 7 seats). The higher the interest rate, the greater the repayment amount of consumers.

Type of automobile loan

Personal loan car purchase business is divided into direct customers, indirect customers and credit card car loans. The direct customer type is generally a bank car loan for customers to meet directly, and the indirect customer type is generally a car loan from an auto finance company to a customer car loan.

The fees charged by banks for direct car loans include deposit, principal and interest, and 3% guarantee fee. And the bank's premium customer fees will be discounted, but the preferential policies of each bank are different.

In addition to the above fees, personal auto financing companies also need to bear supervision fees, fleet management fees and warranty renewal deposits.

And credit cards, car loans. Credit card installment car loan only provides installment payment for bank credit card users, not all conditions can be handled, and there is an audit procedure, which is difficult for credit card users with bad credit records.