The following is an explanation of ICBC's personal car loan:
Personal car loan refers to a non-profit-making loan issued by a lender to a borrower to buy a car. Personal cars purchased by loans are limited to first-hand cars.
Conditions of the Borrower:
1, a natural person with full capacity for civil conduct, aged between 18 and 60 (inclusive).
2. Possess legal and valid identity certificate, household registration certificate or valid residence certificate of the city where the loan bank is located, marital status certificate or unmarried statement.
3. Have a good credit record and willingness to repay.
4. It has a stable legal income source and the ability to repay the loan principal and interest in full and on time.
5. Be able to pay the down payment of the purchased vehicle at least according to the specified proportion.
6. There is a car purchase contract or car purchase agreement for the purchased vehicle.
7. If the purchased vehicle is a domestic vehicle, there must be a vehicle insurance contract, a vehicle certificate and a car purchase invoice; If the purchased vehicle is an imported vehicle, there must be a vehicle insurance contract, an on-board inspection form for imported motor vehicles, a certificate of import of goods and a car purchase invoice.
8. The loan guarantee method recognized by ICBC can be provided.
9. Open a personal settlement account in China Industrial and Commercial Bank.
10, other conditions stipulated by the lender.
Extended data:
Loan amount, term, interest rate and repayment method:
Loan term: no more than 5 years.
Loan amount: no more than 80% of the price of the purchased vehicle.
Loan interest rate: based on the benchmark interest rate of the same period and grade published by the People's Bank of China, it fluctuates within the specified range.
Repayment methods: equal principal and interest repayment method, average capital repayment method, weekly (biweekly, biweekly) repayment method, random repayment method, etc.
If the loan term is within 1 year, the interest shall be repaid monthly, and the principal shall be repaid monthly, quarterly, semiannually or once.
Industrial and Commercial Bank of China-Personal Automobile Loan