Yes, it is best to have proof of stable living or residence in the local area.

Buying a car with a mortgage means that the borrower who applies to purchase a car pays part of the down payment first, and the lender issues the remaining part to the car buyer in installments.

Application conditions:

1. Have valid identity certificate and full capacity for civil conduct;

2. Be able to provide proof of fixed and detailed address;

3. Have a stable career and the ability to repay the principal and interest of the loan on time;

4. Have good personal credit;

5. Hold a car purchase contract or agreement recognized by the lender ;

6. Other conditions stipulated by the cooperative agency.