Extended data:
Banks generally have requirements on the age, mileage and vehicle valuation of the loan vehicle, but financial institutions will require the vehicle to be registered in the lender's name, licensed and unsecured.
The loan funds can be used for business purposes such as purchasing raw materials and commodities, and also for consumer purposes such as car purchase, decoration, travel and wedding. Bank vehicle mortgage loans are generally not allowed to be used for buying houses, studying abroad, investing in financial securities products and other purposes.
Generally speaking, the auto loan interest rate is slightly higher than the bank benchmark interest rate. Generally, the average interest rate of bank auto loans rises according to the bank benchmark interest rate 10%, and the bank benchmark annual interest rate is 65438+5.56% in 0 years and 5.60% in 2-3 years. The car loan interest rate is 65438+6. 1 16% for 0 years and 6. 16% for 2-3 years.
Suppose the borrower takes out a car mortgage of RMB 654.38+10,000/year, with an annual interest rate of 6. 116%. Matching principal and interest repayment, the total interest is 3343.7 1 yuan, the total repayment is 103343.75438+0 yuan, and the monthly repayment is 861.98 yuan. If the average capital is used for repayment, the total interest is 33 12.83 yuan, the total repayment amount is 1033 12.83 yuan, the repayment amount in the first month is 8843 yuan, and the monthly repayment amount is decreasing.