Application conditions:
To apply for a car loan, you must buy a limited range of cars from a special dealer recognized by the bank and apply for a car loan.
Loan buyers must also meet the following conditions:
(1) The car buyer must be at least 18 years old and a citizen of China with full civil capacity.
(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 and gold and silver products.
(3) During the loan application period, the car buyer must deposit no less than the down payment for car purchase specified by the bank in the bank savings counter account.
Provide bank-approved guarantees to banks. 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.
If the applicant is an enterprise or institution with legal personality, it shall meet the following conditions:
(1) has the ability to repay bank loans;
(2) During the loan application period, there is no less than the down payment for car purchase stipulated by the bank and deposited in the accounting department of the bank;
(3) Providing recognized guarantees to banks;
(4) Willing to accept other necessary conditions proposed by the bank.
The special dealer referred to in the loan refers to the automobile dealer who is selected by the branches at all levels of the bank according to the financial strength, market share and reputation of the dealer on the basis of the recommendation of the automobile manufacturer, and then reported to the head office, and signed an automobile consumption loan cooperation agreement with each branch after confirmation by the head office.
2 necessary information
1: personal loan application;
2. Personal valid identity documents. Including identity cards, household registration books, military officers' cards, passports, passes for compatriots from Hong Kong, Macao and Taiwan, etc. If the borrower is married, the identity certificate of the spouse shall be provided;
3. Household registration certificate or long-term residence certificate;
4. Personal income certificate, family income or property certificate when necessary;
5. Certificate of intention to buy a car issued by the car dealer;
6: Proof of down payment for loan to buy a car;
7. If the purchased vehicle is secured by other means than mortgage, it is necessary to provide relevant materials for the guarantee, including the pledge certificate, the certificate of ownership and evaluation of the mortgaged real estate, and the letter of intent for third-party guarantee.
8. If the vehicle purchased by the loan is a commercial vehicle, it is also necessary to provide proof that the purchased vehicle can be legally used for operation, such as the affiliation agreement and lease agreement for the vehicle to be affiliated with the transportation fleet;
9. The vehicle purchased by the loan is a second-hand car, and it is also necessary to provide a certificate of intention to buy a car and a vehicle evaluation report issued by an evaluation agency recognized by CCB; Vehicle ownership certificate of the vehicle seller, motor vehicle registration certificate of the traded vehicle, annual inspection certificate of the vehicle, etc.
3 Application process
1, customer application. Customers apply to the bank, fill in the application form in writing and submit relevant materials at the same time;
2. Sign the contract. After the bank approves the application materials submitted by the borrower, both parties sign a loan contract and a guarantee contract.
Loan to buy a car
Handle relevant notarization and mortgage registration procedures as appropriate;
3. issue loans. After all the formalities are completed, the loan approved by the bank will be directly transferred to the account of the automobile dealer by the bank according to the contract;
4. Repay on schedule. The borrower repays the loan principal and interest according to the repayment plan and repayment method agreed in the loan contract;
5. loan settlement. Loan settlement includes normal settlement and early settlement. ① Normal settlement: settlement on the maturity date of the loan (one-time repayment of principal and interest) or settlement in the last installment of the loan (installment repayment); ② Early settlement: Before the loan maturity date, if the borrower settles part or all of the loan, he must apply to the bank in advance according to the loan contract, and the repayment will be made at the designated accounting counter after the approval of the bank. After the loan is settled, the borrower will take back the legal documents and related certification materials extracted by the bank with his valid identity certificate and the loan settlement certificate issued by the bank, and go through the mortgage registration cancellation formalities with the original mortgage registration department with the loan settlement certificate.
4 loan channels
4S stores and state-owned enterprises do not charge fees.
Most 4S stores have cooperation agreements with banks, which are guaranteed by 4S stores or third-party companies to help consumers borrow money from banks. Different 4S stores choose different banks. "If the central bank interest rate fluctuates within 5%, our loan interest rate will not be adjusted." The staff of a shop in 4S explained, "It avoids the trouble caused by frequent fluctuations in interest rates."
It is understood that 20% of car consumers in Beijing buy cars through loans, and about 90% of them borrow from banks through 4S stores.
In fact, there are two ways for 4S shopping malls to cooperate with banks. The above salesperson said, "Like our state-owned enterprises, they can guarantee for consumers themselves. If it is a private enterprise, you need to find a third-party company guarantee. " According to reports, the gap lies in whether to charge a handling fee. "The interest rates are the same, but third-party companies guarantee handling fees, and most of them need to be mortgaged with real estate." A staff member of Changan Ford 4S Store introduced that because Changan Ford Store is a state-owned enterprise and cooperates with Shenzhen Development Bank, it can provide unsecured real estate loans.
Advantages: repayment is convenient, fast and flexible.
Disadvantages: the situation is complicated, and it is necessary to distinguish whether to charge a handling fee and whether to mortgage the property.
Suitable for people: consumers with personal property and stable income.
The threshold for bank credit loans is high.