There is no charge to release the mortgage after the loan is paid off. Cancel the car owner's mortgage procedures and transfer the vehicle to his own name. After deducting the last monthly payment, about 10 working days, you can get your mortgage back from the bank that handles car installment payments. For bank credit card car installment payments, it is best to call the bank customer service in advance to find out whether it is fully settled. The customer service phone number can be found on the back of the repayment card. For car loans handled by financial companies, you can call the customer service number of your financial company or consult the car dealer.

The owner of a motor vehicle must submit the following procedures when going to the vehicle management office to register for mortgage cancellation. The motor vehicle does not need to be present:

1. Original motor vehicle mortgage registration and pledge filing application form . The original document shall be stamped with the mortgagee's official seal.

2. Identity certificate of the motor vehicle owner and mortgagee. The owner of a motor vehicle shall provide the individual with the original and copy of the resident identity card or temporary resident identity card. Temporary residents shall also submit the original and copy of the residence certificate issued by the public security agency.

3. Motor vehicle registration certificate. To obtain a motor vehicle registration certificate, you must present your ID card. Other possible procedures include: motor vehicle driving license, bank repayment details, etc.

4. Letter of authorization issued by the mortgagee (the letter of authorization shall be stamped with the official seal).

5. The owner of the motor vehicle must be present.

One million car purchase subsidies