Currently, there are two types of "personal car loans" that can be processed with the China Merchants Bank One Card:

①Consumer loans are used to purchase cars, and a property with full ownership is required for mortgage application;

② For personal car loans, you need to apply for a mortgage with the vehicle you purchased;

Note that both car loans require the purchase of a new non-operating car under your name (second-hand cars are not accepted for the time being) , generally you need to pay more than 30% of the down payment yourself (you cannot apply for a loan with the down payment).