Generally speaking, personal loans to buy a car are handled in the same way as other personal loans. First of all, of course, the application conditions must be met.
(1) The car buyer is a China citizen with full capacity for civil conduct, aged18; Car buyers have legitimate jobs, sufficient economic resources and strong repayment ability.
(2) During the loan application period, the car buyer will deposit the car purchase down payment lower than that stipulated by the bank into the account of the bank savings counter.
(3) There is a guarantee approved by the bank, and the buyer is a resident of other provinces, and it is necessary to provide joint liability guarantee. The bank does not accept the mortgage set by the car buyer on the car purchased by the loan.
(4) Other conditions stipulated by the lending bank.
The second is the car loan application process, which generally has the following processes:
1. The car buyer selects a car model in the automobile 4S shop and submits a loan application to the auto loan company, as well as a personal loan application, ID card, household registration book, military officer's card, passport, travel pass for compatriots from Hong Kong, Macao and Taiwan, etc. (the borrower needs to provide proof of spouse's identity when he is married), as well as residence permit, income certificate, car purchase intention certificate, down payment certificate, etc. ;
2. The financial company accepts the application and verifies the information of car buyers;
3. Auto financing companies visit car buyers and collect relevant documents;
4. After the loan company is approved, it will notify the borrower, and the borrower will pay the down payment and sign the contract;
5. The dealer shall assist in the licensing and mortgage registration procedures, and the borrower shall pick up the car.