The loan term is generally 3 years, and the longest is not more than 5 years (including 5 years), depending on the nature of the borrower. For taxi companies or car rental companies, the loan period is not more than 3 years, for other enterprises and institutions, the loan period is not more than 2 years in principle, and for individuals, it is generally 3 years.

First, apply for auto loan materials

1, personal loan application

2. Valid identification of myself and my spouse.

3, I and my spouse's occupation, position and income certificate.

4. Marriage certificate (unmarried certificate is required, except those who have not reached the legal age for marriage) and household registration book.

5. Original ID card, residence booklet or other valid residence certificate, and provide a copy.

6 car purchase agreement, contract or letter of intent signed with the dealer.

7. Proof of deposit or down payment.

8. Ensure the required documents or materials.

9. Other documents required by the Cooperation Organization.

Extended data:

I. Conditions for applying for a car loan

1. Car buyers must be at least 18 years old and China citizens with full capacity for civil conduct.

2. Car buyers must have a relatively stable job, a relatively stable economic income or assets that are easy to realize, in order to repay the loan principal and interest on schedule. Assets that are easy to realize here generally refer to securities, gold and silver products, etc.

3. During the loan application period, the car buyer will deposit the down payment for car purchase lower than that stipulated by the bank into the account of the bank savings counter.

4. Provide banks with bank-approved guarantees. If the personal account of the car buyer is not local, it should also provide joint liability guarantee, and the bank will not accept the mortgage set by the car buyer for the car purchased by the loan.

5. Car buyers are willing to accept other conditions deemed necessary by the bank.

Second, the car warranty way

1, the insurance company provides performance guarantee insurance for auto loans.

2. Professional guarantee companies shall provide joint liability guarantee for handling auto loans.

3. The property mortgage guarantee provided by the car buyer is used for car loan.

4. Car buyers should provide certificates of deposit in local and foreign currencies, government bonds and RMB wealth management products as pledges for auto loans.

5. The borrower shall provide other guarantee methods recognized by the bank (such as the guarantee of the automobile dealer) to handle the automobile loan.

How many years can I borrow a car mortgage?

The life of automobile mortgage is relatively short, generally around 1-3 years.

Because cars are easy to depreciate, the value of cars decreases with the increase of car age, and cars are also prone to traffic accidents, so the loan period will be much shorter than that of real estate mortgage loans.

If the vehicle is relatively new, the amount of loan to the bank will be higher. If the vehicle is old, it won't be loaned. The general loan amount is between 50% and 60% of the vehicle valuation.

You can borrow a car loan for a few years at most.

Car loans can be borrowed for up to five years. Under normal circumstances, the car loan is three years. The longest is five years, and the shortest is one year, usually two to three years. Of course, different vehicles have different loan terms, so there are many influencing factors.

The car loan application process is:

1. Apply to the bank, fill in the corresponding application form and submit the application materials, including ID card, income certificate, real estate license, household registration book and other related loan contracts;

2. After approval, a loan contract and a guarantee contract can be signed. If you want to be more secure, you can handle the relevant notarization and do a good job in mortgage registration.

3. After the bank or financial institution confirms that it is correct again, transfer the money to the account agreed by the individual;

Then you need to repay the money within the time stipulated in the contract. Of course, you can also settle the car loan in advance, but you have to charge a certain penalty. If the car loan has not been paid for more than 3 months, it may be entered into the credit information system. If the circumstances are serious, the defendant may go to court and tow the car away for auction, and the proceeds from the auction will be used to pay off debts;

5. After the car loan is settled within the specified time, it is necessary to bring valid documents to the bank or lending institution to retrieve mortgage certificates such as settlement vouchers, and go through the mortgage registration cancellation procedures at the original mortgage registration department.