Cars are collateral recognized by financial institutions and can be used to apply for mortgage loans. However, cars are consumables and wear out every year. Therefore, if you apply for a loan with a car as collateral, the loan period and loan amount will be limited to a certain extent. Common collateral is generally real estate, which belongs to real estate, and financial institutions have higher recognition of real estate than cars.
Of course, as long as the user's car meets the mortgage conditions, it can be used to apply for a mortgage loan. Compared with credit loans, the amount of mortgage loans will be higher.
Extended information
Mortgage classification
Bank mortgage loan
1 individual housing loan
1, personal housing commercial loan
Personal housing commercial loan is a self-operated loan issued by bank credit funds, which refers to a self-operated loan in which a natural person with full capacity for civil conduct buys a self-occupied house in the urban area of this city and takes the purchased property house as collateral. Repay the loan. And apply for a commercial housing loan from the bank.
2, personal housing provident fund loans
Personal housing provident fund loans are entrusted loans issued by policy housing provident fund. Refers to the employees who pay the housing accumulation fund in the urban area of this city and purchase, build, transform or overhaul their own houses. The housing provident fund loan applied to the bank is used as a guarantee to repay the loan.
3. Individual housing portfolio loans
All borrowers who meet the requirements of commercial loans for individual housing pay the housing provident fund at the same time, and apply to the bank for personal housing provident fund loans at the same time when applying for commercial loans for individual housing, that is, the borrowers will use the purchased urban self-occupied housing as collateral. You can apply to the bank for personal housing provident fund loans and personal housing commercial loans at the same time (this loan method is called personal housing portfolio loans).
2. Enterprise mortgage loan
Enterprise loan target: small and medium-sized enterprises operating well in industrial and commercial registration.
Term of enterprise loan: generally, it is 1-5 years.
Enterprise loan amount: generally 500,000 to 65.438 billion yuan.
Basic requirements:
1. Hold the loan card of China People's Bank and have no bad credit record.
2. The registered operation of the company has exceeded 1 year, and the annual turnover in the previous year exceeded 3 million.
The comprehensive interest rate fee is generally between 8% and 14%.
Is there a car that I can borrow from the bank?
As there are many kinds of loans from China Bank, if you have loan needs, you are advised to consult the local outlets of China Bank in detail.
For details, please call the customer service hotline of Bank of China at 95566.
The above contents are for your reference. Please refer to the actual business regulations.
Can the car be mortgaged?
Yes, using cars as mortgage loans is a very popular way of consumption at present. The key is to use them. In this way, we can easily solve the financial problem, but when we do a good job in automobile mortgage, we need to find a suitable place, otherwise our car may be damaged. Car mortgage can solve the capital problem without selling the car, and at the same time can prevent the embarrassment of not getting the loan. Automobile mortgage's requirements are relatively high. As long as the car is my own, I can get a loan, and the loan time is quite fast. After repayment within the specified time, you can get your car back smoothly without paying a fine. For the popular GPS mortgage, you can get a loan without buying a car, and you can use the car normally during the loan period. Attachment: Article 22 of the Regulations on Motor Vehicle Registration clearly stipulates: "If a motor vehicle owner takes a motor vehicle as a mortgage, he shall apply to the motor vehicle management office at the place of registration for mortgage registration. With the motor vehicle registration certificate and the identity certificates of the mortgagee and mortgagor, fill in the Application Form for Motor Vehicle Mortgage/Mortgage Cancellation with the official seal of the unit and go to the relevant window to handle it.
Can I get a loan to buy a car?
If the borrower owns a car, he can apply for automobile mortgage. However, due to the rapid depreciation of the car and the impact of traffic accidents on the value of the car, banks generally do not do automobile mortgage business. At present, companies, pawn shops, loan intermediaries and other institutions handle business in automobile mortgage. The expected annualized interest rate of the loan is relatively high, and the borrower is under great repayment pressure, so the loan term is mostly short-term.
There are two ways to mortgage a car:
I. Mortgage loan
That is, the mortgaged vehicle needs to be kept by the lender, and the owner cannot use the vehicle during the loan period.
Second, the way to pledge cars instead of cars.
That is, after the mortgage formalities are completed, the owner can continue to use the car without handing it over. Generally, it is necessary to install GPS on cars instead of cars in the form of pledge certificates. Moreover, the installation fee needs to be paid by itself, and the charging standards of major institutions are different.
If I have a car in my name, can I get a loan from the bank?
Having a car in a bank may not be able to get a loan, but it must meet the loan conditions of the bank.
As long as a customer with a car under his name maintains a good personal credit, has a stable and legal source of economic income, and has the ability to repay the principal and interest of the loan on time, he can apply for a loan at any bank, and can also use the car under his name as collateral.
Of course, if you want to use a car as collateral to get a loan, and the car itself is purchased by loan and has not been paid off, it is best to pay off the car loan first, and then apply for a car mortgage loan; Or you can go to a bank that provides business in two mortgage, such as Industrial and Commercial Bank of China and China Merchants Bank.
Matters needing attention in bank loans
Clarify the loan amount: when applying for a loan, the application amount should not be too high. The larger the loan amount, the higher the possibility of rejection. At the same time, the borrower should apply for the loan amount according to his repayment ability, so as to avoid the economic pressure caused by paying a high monthly payment.
Keep good credit information: keep good credit information status. If the credit information is seriously overdue (three consecutive times and six times overdue repayment) or bad debts, the loan amount will be reduced to increase the loan interest, and in serious cases, the loan will be directly refused.
Can I get a loan to buy a car
You can get a loan to buy a car.
First of all, car buyers must hold a valid personal identity card and have full capacity for civil conduct. Then there is the need to provide a personal fixed address and proof. At the same time, I should have a stable job and the ability to repay the principal and interest. Then you need to check your personal credit information, and finally you need to provide your personal car purchase contract or agreement.
Procedures and conditions required for auto loan:
1. auto loan terms.
(1) The lender must be at least 18 years old and have full capacity for civil conduct.
(2) The lender needs to have a stable job and economic income.
(3) During the loan application period, the car buyer must deposit a down payment of no less than that stipulated by the bank in the savings counter account of the handling bank.
(4) Need to provide a guarantee recognized by the lending institution. If the lender's account is not local, it shall provide joint and several liability guarantee.
(5) The lender may accept other conditions stipulated by the lending institution.
2. Car loan procedures.
(1) Identification materials.
(2) Proof of the marital status of the borrower, such as marriage certificate, divorce certificate, single certificate, etc.
(3) local residence certificate.
(4) Guarantee certification materials.
(5) Before issuing the loan, you need to provide the car purchase agreement and the down payment invoice.
Automobile loan related knowledge:
Object of loan: The borrower must be a permanent resident of the place where the loan bank is located and have full capacity for civil conduct.
Loan conditions: the borrower has a stable occupation, the ability to repay the principal and interest of the loan, and good credit; Can provide recognized assets as collateral or pledge, or a third person with sufficient compensatory ability as a guarantor to repay the principal and interest of the loan and bear joint liability.
Loan amount: The maximum loan amount generally does not exceed 80% of the price of the purchased car.
Loan Term: The loan term for automobile consumption is generally 1-3 years, and the longest is no more than 5 years.
Loan interest rate: uniformly stipulated by the People's Bank of China.
Repayment method: One-time principal and interest repayment method and installment repayment method (equal principal and interest, equal capital) can be selected.
The above is the relevant knowledge about car loan. If you need money to buy a car urgently, I recommend you to use the big platform.
Let's stop here for the introduction of whether a car can be loaned.