What conditions do car loans need to meet?
The bank needs to review your job and income to ensure the interests of the bank. The conditions that the loan needs to meet, pay attention to personal credit, and can't have bad records. Unless you have a house, you need a normal and stable job and income, and social security payment records are also essential.
1. Personal credit loan to buy a car
Personal credit loans do not need mortgages and guarantees to buy a car. This pays more attention to personal credit, can't have bad records, and can't work stably. Personal credit loans can generally buy a car for five years with a down payment of more than 30%, but the interest rate of personal credit loans is relatively high.
2. Buy a car with a real estate mortgage.
As the name implies, a mortgage loan can only be made if you have a house, and the average loan can last for up to 5 years. However, generally speaking, the current 4S shops are borrowed once every three years, and the down payment is above 30%. The interest rate is mainly determined by your loan type and personal qualifications.
3. Buy a car by installment with a credit card
Buying a car by installment with a credit card is suitable for consumers with little money, because there are great restrictions on the amount and repayment interest rate. Some banks with stable income can complete the examination and approval in a few hours at the earliest, and generally have no household registration and property restrictions.
4. Bank personal car loan
The interest rates of China's four major banks (China, agriculture, construction and industry) are relatively high, but they fluctuate slightly on the basis of the central bank's benchmark interest rate. The review process requires the professional income and credit of the lender.
The interest rates of some joint-stock banks (China Merchants Bank) and local banks are relatively low. The disadvantage is that the application procedure is complicated, and the lender needs to provide a series of proof materials, effective rights pledge recognized by the bank or a third-party guarantee with compensatory ability.
5. Loans from auto financing companies
Auto finance pays more attention to the lender's personal credit, education and income. The loan conditions are relatively loose, but the interest rate is relatively high and the approval time is relatively long. Flexible repayment, simple procedures and fast loan.
Information: What are the requirements for applying for a loan: 1. First of all, you are a normal China person, and you must be 18 years old.
You must have an ID card, and it is the second generation.
Work hard and earn a stable and reliable income, otherwise you will not be able to repay the loan and interest.
4. The general monthly income is not less than 5,000 yuan, and a certificate of half-year income is required.
If you have a job, of course it depends on your social security payment record.
6. You must have a local residence permit (some 4S stores don't need it).
7. Your credit should be good.
8. Other loan conditions stipulated by the lending bank.
What are the requirements for a car loan?
The requirements of auto loan include: years, work, credit information, assets and so on.
Automobile loan conditions:
1. Age requirements: Applicants must be at least 18 years old, and the age of men cannot exceed 65 years old, and the age of women cannot exceed 60 years old.
2. Job requirements: The applicant currently has a stable job and income, and the monthly repayment amount of the auto mortgage loan cannot exceed 50% of the monthly income.
3. Credit requirements: the applicant and his spouse have a good credit record.
4. Asset requirements: The applicant has certain local assets, such as personal property and shops.
5. Car buyers are willing to accept other conditions deemed necessary by the bank.
Automobile loan process:
1. The borrower submits the loan application materials to the bank.
2. The bank conducts a preliminary examination of the application materials submitted by the borrower.
3. The bank conducts credit investigation and customer evaluation on the borrower.
4. The bank examines and approves the loan application that meets the loan conditions through preliminary examination and credit investigation.
5. If it is approved, notify the borrower to go through relevant procedures such as contract signing, lending, mortgage or pledge; If the approval fails, explain it to the borrower. After the loan contract comes into effect, the handling bank will issue loans. Special loan method is adopted, that is, according to the loan contract, the handling bank directly transfers the loan to the dealer account of the borrower's car purchase. What are the requirements for a car loan? @20 19