The basic conditions for buying a car with a loan mainly include the following:

1, aged above 18 (inclusive), is a natural person with full capacity for civil conduct.

2, a stable and legitimate source of economic income, with the ability to repay the loan principal and interest on schedule.

3. Personal credit is good, and there are no bad records or serious negative information in the credit report (banks and auto consumption finance companies will mainly inquire about the credit information of customers in the past two years).

4. There is a certain amount of self-owned funds to pay the down payment of the car (not the funds from loans, nor the funds paid by credit cards), and the down payment ratio is generally around 20% or 30% of the total car price, usually not less than 20%.

If the customer's credit is average, it is suggested to find another person with good credit to guarantee his loan, which can provide appropriate help and improve the chances of loan approval.

People with poor credit information may not be able to get a car loan in a short time. Customers are advised to buy in full or postpone the purchase, and take the time to improve their credit first.

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.

The specific steps of buying a car by credit card in installments are roughly as follows:

1. The cardholder (or applicant) calls the bank's credit card center or goes to the local bank to find out whether he can apply for a credit card car loan.

2. The cardholder holds his ID card to the dealer's site to fill in the installment order for car purchase and submit it to the bank for review.

3. After the order is approved, the cardholder pays the down payment and goes through the normal car purchase procedures.

4. After the vehicle is licensed, the cardholder needs to go to the bank to go through the mortgage formalities and purchase the required auto insurance.

5. I can finally drive away smoothly.

loan limit

The maximum loan amount generally does not exceed 80% of the price of the purchased car.

Letter of credit clause

1, with valid identification and full capacity for civil conduct;

2. Can provide a fixed and detailed address certificate;

3. Have a stable occupation and the ability to repay the loan principal and interest on schedule;

4. Personal social credit is good;

5. Holding a car purchase contract or agreement approved by the lender;

6. Other conditions stipulated by the Cooperation Organization.

What conditions do you need to buy a car with a loan?

You can find a bank or an auto financing company for car loans, but no matter which channel you use, the basic requirements for borrowers are similar, as follows:

1. The borrower must be a legal citizen, hold a valid ID card and have full capacity for civil conduct;

2. The borrower's age cannot be less than 18 years old, nor can it exceed the prescribed maximum age. Some are 55 years old and some are 60 years old.

3. In terms of the borrower's qualification, first, it must have good credit; One is that the income from work is stable, solvent, and can be in debt, but not too high.

4. The borrower must pay a down payment of not less than the specified proportion before the loan, some are 20% and some are 30%.

5. The borrower can also provide collateral or collateral or third-party guarantee.

In addition to meeting these requirements, the borrower also needs to provide relevant documents, including but not limited to his valid identity certificate, income certificate stamped with the company's fresh seal, down payment certificate, bank card running water, etc. And give the lending institutions everything they need, every penny.

When people use the central bank's credit records, they will leave traces of inquiry, which is not good for lending friends, and most online loans are not credit-seeking, so they can't find specific online loan information when they are credit-seeking, but now they can learn their personal data through "Beijian Quick Search" data, and at the same time, they can learn more information about overdue information, application records, untrustworthy information, blacklists and so on of online loans without leaving traces.

Extended data:

Can I borrow a car for five years?

Most lending institutions can only provide services for three years at most, and it is difficult to lend for five years under normal circumstances. But if the borrower buys a car with a credit card at the bank, he may be able to provide a loan period of up to 5 years.

It is suggested that before handling the car loan, it is best to consult several banks or auto financing companies to see if they can provide a five-year loan period. If not, there is no way out.

What are the conditions for buying a car loan?

The procedures and conditions required for auto loan are as follows:

1, the applicant wants to apply for a car loan. After approval, the bank will inform the borrower to fill in various forms, as well as loan contracts, guarantee contracts and mortgage contracts, and go through mortgage registration and insurance procedures;

2. Banks issue loans. The borrower pays the down payment to the car dealer, and goes through the formalities of car pick-up with the passbook and the car pick-up note issued by the bank;

First of all, you should have full capacity for civil conduct. Secondly, you should have a permanent residence in the region and a valid residence status.

4. The vehicle mortgage lender must have a fixed unit occupation and long-term stable income;

5. The vehicle mortgage lender has no bad criminal record and bad loan credit record, and the social credit is good.

6. The vehicle mortgage lender must be married, aged between 22 and 55, and the female shall not be over 50 years old.

What are the conditions for buying a car with a loan?

Personal car loan refers to the loan granted by China Bank to individual borrowers for purchasing consumer cars (excluding used cars). 1. To apply for a loan in China Bank, the borrower shall meet the following conditions: 1, a natural person with full civil capacity; 2. Effective proof of personal identity; 3. Have the legal ability to repay the loan principal and interest; 4. Good personal credit; 5. Holding a car purchase contract, agreement or letter of intent approved by the handling bank; 6. Providing collateral (pledge) recognized by the handling bank or individuals or units with sufficient compensation capacity to provide irrevocable joint liability guarantee for third parties; Or provide corresponding materials that meet the customer access conditions in the Interim Measures for the Administration of Personal Credit Revolving Loan Quota of Bank of China. 7. Proof of the ability to pay the down payment for car purchase; 8. Other conditions stipulated by the handling bank. 2. The following materials need to be submitted when handling: (1) loan application; (two) the original identity card, residence booklet or other valid proof of residence, and provide a copy; (3) Proof of professional and economic income, including but not limited to income certificate issued by the unit, bank deposit certificate, credit card statement, tax payment certificate, etc. ; (four) the car purchase agreement, contract or letter of intent signed with the dealer; (5) The certificates or documents required for the guarantee, including the list of mortgaged (pledged) goods, and the certificate that the person who has the right to dispose of it (including the property owner) agrees to mortgage and pledge; Certificate of ownership or use right of collateral issued by the competent department, written appraisal certificate (written appraisal of vehicle invoice price combined with market published price), and documents agreeing to insure; Pledged goods need to be delivered with pledged goods or rights certification documents; The guarantor agrees to perform the guarantee contract and relevant credit certification materials of joint and several liability guarantee; Or documents proving that they meet the conditions for credit loans; (6) Relevant certificates that the down payment for car purchase has been paid; 7) Other documents and materials required by the branch. 3. As there are some differences in different regions, please consult the local institutions in detail when applying for loans.

The above contents are for your reference. Please refer to the actual business regulations.

What are the conditions for buying a car loan?

The conditions for car loan are as follows: 1, age: 18 or above, and citizens under 65 years old (including 65 years old) with full civil capacity. 2. Identity documents: having legal identity documents and local permanent residence or valid residence documents. 3. Down payment: the lender's own funds are enough to pay the down payment for car purchase stipulated by the bank. 4. Have a stable occupation and income: the borrower should have a stable occupation and easy-to-realize economic income or assets sufficient to repay the loan principal and interest on schedule. 5. Guarantee: The lender must provide a guarantee recognized by the bank. 6. Other conditions: The lender is willing to accept other conditions deemed necessary by the bank.

Let's stop here for the introduction of the conditions for buying a car by loan.