For an installment loan to buy a second-hand car, after the card has been issued, you need to go to the bank with your ID card to apply for a mortgage. Only after the mortgage loan is approved can the loan be released.

About car loans.

Loan consumption methods are becoming more and more common. What are the procedures for novices to apply for loans to buy cars? First of all, you need to understand the basic conditions for applying for a personal car loan:

A citizen who is over 18 years old and has full capacity for civil conduct

Have a legal identity document, a local permanent residence or a valid Residence document.

These are the basic conditions for applying for a car loan. Let’s take a look at the procedures required to buy a car with a loan.

Secondly, the process of applying for a loan to buy a car:

1: The borrower submits loan application materials to the bank

2: The bank submits the application materials to the borrower Conduct preliminary review

3: The bank conducts credit investigation and customer evaluation of the borrower

3: The bank approves loan applications that pass the preliminary review and credit investigation and meet the loan conditions

4: If it passes the examination and approval, the borrower will be notified to go through relevant procedures such as contract signing, loan, mortgage or pledge; if it does not pass the examination and approval, an explanation must be provided to the borrower

5: After the loan contract takes effect, The handling bank issues loans. A special lending method is adopted, that is, according to the loan contract, the handling bank directly transfers the loan to the account of the dealer where the borrower purchases the car.

Finally, you need to know the information required to buy a car with a loan

1: "Personal Loan Application"

2: Valid personal identity document. Including resident identity cards, household registers, military officer ID cards, passports, travel passes for compatriots from Hong Kong, Macao and Taiwan, etc. If the borrower is married, the spouse's identity certificate must be provided

3: Household registration certificate or long-term residence certificate

4: Personal income certificate, family income or property certificate must be provided if necessary

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5: Proof of intention to purchase a car issued by the car dealer

6: Proof of down payment for car loan

7: Guaranteed by means other than the mortgage of the purchased vehicle , provide relevant materials for guarantee, including pledged rights certificate, mortgage real estate ownership certificate and evaluation certificate, letter of intent for third-party guarantee, etc.

8: If the vehicle purchased with the loan is a commercial vehicle, all necessary documents must be provided. Proof that the purchased vehicle can be legally used for operations, such as an affiliation agreement with a transportation fleet, a leasing agreement, etc.

9: The vehicle purchased with the loan is a second-hand vehicle, and a certificate of intention to purchase the vehicle and a certificate approved by China Construction Bank are also required. Vehicle evaluation report issued by the evaluation agency; vehicle ownership certificate of the vehicle seller, "Motor Vehicle Registration Certificate" of the vehicle being traded, vehicle annual inspection certificate, etc.

The more common the loan consumption method, the more careful novices need to be when applying for loans to buy cars and carefully fill in the procedures. In order to avoid unnecessary troubles during the loan process and after the loan is taken.