The longest period for applying for car loan is no more than 3 years, and the interest of car loan = loan amount × time × interest rate. In general, the car loan interest rate is between 5%- 10%. Of course, if the user has good credit qualification, the bank will reduce the loan interest rate as appropriate, and if the user has overdue risk, the loan interest rate will be higher than himself, depending on the actual situation. Car loan interest rate refers to the loan interest rate that people use when they borrow money to buy a car. It is the interest rate of a specific automobile loan agreed by the lender and the borrower according to the statutory loan interest rate and the floating collusion range stipulated by the People's Bank of China, and it is stated in the loan contract.

The interest of car loan contract is related to interest rate and repayment method. The medium and long-term loan interest rate of the bank for one to three years (inclusive) is 4.75%. If the car loan is 654.38 million yuan and the loan period is three years, the interest to be repaid is:

1. Equal repayment of principal and interest: the repayment method is equal repayment every month. The interest calculated by matching the principal and interest of 65438+ million car loan for three years is 749 1.438+0 yuan.

2. Equal principal repayment: the repayment method is the most in the first month, the least in the last month, and the same principal is paid every month. 654.38 million yuan 3-year car loan interest calculated by average capital is 7322.92 yuan.

Short-term loans refer to loans with a loan term of 1 year (inclusive). Short-term loans are generally used for the liquidity needs of the borrower's production and operation. The currencies of short-term loans include RMB and major convertible currencies of other countries and regions. The term of short-term working capital loans is generally about half a year, and the longest is no more than one year; Short-term loans can only be extended once, and the extension period cannot exceed the original period. The loan interest rate is determined according to the interest rate policy formulated by the People's Bank of China and the floating range of the loan interest rate, according to the nature, currency, use, method, term and risk of the loan, among which the foreign exchange loan interest rate is divided into floating interest rate and fixed interest rate. The loan interest rate is indicated in the loan contract, which customers can check when applying for a loan. There is a penalty interest for overdue loans. The advantages of short-term loans are relatively low interest rates and relatively stable capital supply and repayment. The disadvantage is that it cannot meet the long-term capital needs of enterprises. At the same time, because short-term loans use fixed interest rates, the interests of enterprises may be affected by interest rate fluctuations.

How many years can I borrow a car loan?

How many years can I borrow a car loan?

Generally speaking, the term of auto loan can be divided into 6 periods, 12 periods, 24 periods, 36 periods, 48 periods and 60 periods, of which the longest term will not exceed 60 periods, that is, 5 years. Therefore, judging from the current market situation, car loans can be loaned for up to five years.

However, the longer the loan time, the more interest consumers need to pay. Therefore, even if banks and financial institutions can provide five-year loan services, many people still choose the most conservative three-year and 36-year loan businesses under Yu 'ebao.

If there is demand, I recommend that you spend money. Qianhua is a credit service brand owned by Du Xiaoman Finance (formerly known as Baidu Qianhua, renamed as "Qianhua" on June 20 18). The brand is trustworthy and the interest rate is low. It has the characteristics of simple application, low interest rate, fast loan, flexible loan repayment, transparent interest and expenses, and strong security.

Share with you the application conditions for rich flowers: the application conditions for rich flowers are mainly divided into two parts: age requirements and information requirements. 1. Age requirement: 18-55 years old. Special note: if you have money to spend, you refuse to provide college students with consumer installment loans. If you are a college student, please give up the application. Information requirements: You need to provide your second-generation ID card and your debit card during the application process. Note: the application only supports debit cards, and the application card is also your loan bank card. My identity information needs to be the second-generation ID card information, and cannot be processed with temporary id card, expired ID cards or first-generation ID cards. Online lending is risky, so choose carefully!

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

The longest car loan can be five years, but it is generally three years or less, and the requirements for applying for a five-year car loan are relatively strict. Only some banks support 5-year loans, such as Bank of Communications, Bank of China, Minsheng Bank and China Construction Bank generally only have 3-year loans, and so does manufacturer finance. In addition, the five-year period is stricter on the nature of the user's car and the requirements of the applicant.

The car loan is divided into five years, and the monthly repayment pressure of users is small, but the total interest cost is high. If the loan is for two or three years, the interest will be lower. Moreover, if the user applies to the manufacturer's finance, he may get an interest-free installment discount, so the total cost is relatively small.

When applying for a car loan, the information is relatively simple. You need to provide the user's ID card, credit report and income. If there is no obvious risk point, it is easier to pass. If the qualifications and credit are poor, you can find * * * to apply together with the repayment person or guarantor or guarantee company.

How many years can I borrow a car loan?

The term of auto loan is generally 1-3 years, and the longest is no more than 5 years. The following is an introduction to auto loans:

1. Loan object: The borrower must be a resident of the permanent residence where the loan bank is located and have full capacity for civil conduct.

2. Loan conditions: the borrower has a stable occupation, the ability to repay the principal and interest of the loan, and good credit; Can provide recognized assets as collateral or pledge, or a third person with sufficient compensatory ability as a guarantor to repay the principal and interest of the loan and bear joint liability.

3. Loan amount: The maximum loan amount generally does not exceed 80% of the price of the purchased car.

4. Loan term: The loan term for general automobile consumption is 1-3 years, with a maximum of 5 years.

5. Loan interest rate: uniformly stipulated by the People's Bank of China.

6. Repayment method: One-time repayment method and installment repayment method (equal principal and interest, equal capital) can be selected.

1. Car loan refers to the loan issued by the lender to the borrower who applies for buying a car. Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at their special dealers. The interest rate of automobile consumption loan refers to the ratio of the loan amount to the principal given by the bank to consumers, that is, borrowers, for purchasing their own cars (non-profit family cars or commercial vehicles with less than 7 seats). The higher the interest rate, the greater the repayment amount of consumers.

Second, the loan conditions

1. Have valid identification and full capacity for civil conduct;

2. Can provide a fixed and detailed address certificate;

3. Have a stable occupation and the ability to repay the loan principal and interest on schedule;

4. Personal social credit is good;

5. Holding a car purchase contract or agreement approved by the lender;

6. Other conditions stipulated by the Cooperation Organization.

Three, according to the provisions of the central bank, the benchmark interest rate of auto loans, but financial institutions can float within a certain range of the benchmark interest rate. The term of auto loans in major banks is generally less than five years, and the interest rate of auto loans directly determines the cost of people's loans and becomes an important factor in determining whether people lend.