Conditions for loan to buy a car:
Natural person with age 18-65;
Can provide fixed and detailed address proof;
Have a stable occupation and income, and have the ability to repay the principal and interest;
Personal social credit is good and there is no bad credit record;
Holding a car purchase contract or agreement approved by the bank;
Other conditions stipulated by the bank.
Application materials for loan to buy a car:
Original ID card, residence booklet or other valid proof of residence, and provide a copy;
Proof of occupation and economic income;
The car purchase agreement, contract or letter of intent signed with the dealer;
Other documents required by the Cooperation Organization.
The process of buying a car with a loan:
Choose a car at a special bank dealer and sign a car purchase agreement or contract;
The borrower applies to the loan bank for personal automobile mortgage;
Sign the contract after investigation and consent;
Go through the formalities of notarization and mortgage of automobiles;
Bank loans;
After the loan is paid off, the pledge certificate shall be cancelled and returned to the customer.