Basic information

Auto loan refers to the loan issued by the lender to the borrower who applies for buying a car, also called auto mortgage.

loan target: the borrower must be a permanent resident in the place where the loan bank is located and have full capacity for civil conduct.

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

loan amount: the maximum loan amount generally does not exceed 8% of the price of the purchased car.

loan term: the loan term for automobile consumption is generally 1-3 years, and the longest is no more than 5 years.

loan interest rate: uniformly stipulated by the people's bank of China.

repayment method: one-time repayment of principal and interest and installment repayment (equal principal and interest, average capital) can be selected. The auto financing or guarantee company is the third person with sufficient compensation ability as the guarantor who repays the principal and interest of the loan and assumes joint liability.

application conditions

application conditions for automobile consumption loans In order to apply for automobile consumption loans, in addition to buying cars within a limited range from special dealers recognized by banks, car buyers applying for automobile consumption loans must also meet the following conditions:

(1) Car buyers must be at least 18 years old and be China citizens with full civil capacity.

(2) Car buyers must have a relatively stable job, a relatively stable economic income or assets that can be easily realized, so as to repay the loan principal and interest on schedule. Assets that are easy to realize here generally refer to securities and gold and silver products.

(3) During the loan application period, the car buyer deposits the down payment of the car purchase in the account of the bank savings counter, which is lower than that stipulated by the bank.

(4) provide bank-recognized guarantee. If the individual account of the car buyer is not local, it should also provide joint liability guarantee, and the bank will not accept the mortgage set by the car buyer for the car purchased with the loan.

(5) The car buyer is willing to accept other conditions that the bank deems necessary

If the applicant is an enterprise or institution with legal personality, it should meet the following conditions:

(1) It has the ability to repay bank loans;

(2) During the loan application period, there is no less than the down payment for car purchase stipulated by the bank and deposited in the accounting department of the bank;

(3) Providing recognized guarantees to banks;

(4) Willing to accept other necessary conditions proposed by the bank. ? The special dealer referred to in the loan refers to the automobile dealer who is selected by the branches at all levels of the bank according to the financial strength, market share and credibility of the dealer on the basis of the recommendation of the automobile manufacturer, and then reported to the head office, and after confirmation by the head office, signed the Automobile Consumption Loan Cooperation Agreement with each branch.

process

application process of automobile consumption loan

1. Customer application. Customers apply to the bank, fill in the application form in writing and submit relevant materials at the same time;

2. sign a contract. After the application materials submitted by the borrower are approved by the bank, the two parties sign a loan contract and a guarantee contract, and handle relevant notarization and mortgage registration procedures as appropriate;

3. Issue loans. After all the formalities have been completed, the loan approved by the bank will be directly transferred to the account of the automobile dealer by the bank according to the contract;

4. Repay on schedule. The borrower repays the loan principal and interest according to the repayment plan and repayment method agreed in the loan contract;

5. loan settlement. Loan settlement includes two types: normal settlement and early settlement

① Normal settlement: the loan is settled on the loan maturity date (one-time repayment of principal and interest) or the last installment of the loan (installment repayment);

② early settlement: before the maturity date of the loan, if the borrower settles the loan in part or in whole, he must apply to the bank in advance according to the loan contract, and the bank will make repayment at the designated accounting counter after approval. After the loan is settled, the borrower shall take back the legal documents and relevant supporting documents taken by the bank with his valid identity document and the loan settlement certificate issued by the bank, and go through the mortgage registration cancellation formalities with the original mortgage registration department with the loan settlement certificate. ?

details of interest-free car loans Interest-free car loans can't avoid handling fees of 3%. Auto finance companies in the market have introduced interest-free car loans. However, there are different regulations on handling fees, some of which require handling fees, while others do not. If the car you want to buy is interest-free and free of handling fees, it is relatively affordable. If you need to charge handling fees, you must carefully calculate and measure it.

Generally, the handling fee of car loan is between 4% and 7% of the total car payment, and it is paid at the same time as the first monthly payment. If the handling fee is too high, you may wish to consider other car loan types.

insurance clauses

read the relevant insurance clauses carefully before applying for a car loan. Buying a car with a loan means that the car is mortgaged to the bank and belongs to the bank before you pay off the bank loan. In order to reduce the risk, banks generally require you to buy some auto insurance as a loan condition in the car loan contract. The premium of these insurances may not fully meet your requirements, and may even be too high, so you must read the relevant insurance clauses carefully when applying for car loans, and you can't ignore this expense.

Zero interest rate

There are many restrictions on buying cars with zero interest rate loans. Many manufacturers have launched interest rate loans to buy cars, especially some high-end cars. However, there are two restrictions on buying a car with a general interest rate loan: first, you can't enjoy the cash concessions for related activities with zero interest rate, and sometimes the amount of these cash concessions is quite large; Second, buying a car with interest rate loans is easily restricted by time, region and dealers, and it is not always a unified activity. If you want to buy a car with an interest rate loan, the above two aspects must be considered comprehensively.

floating interest rate

seriously consider floating car payment and loan interest rate. Generally speaking, if it is an interest-free loan, the total car payment will rise to a certain extent, and the price of cash car purchase and loan car purchase cannot be the same. In this case, you have to calculate how much the floating amount is, whether it exceeds the total interest of commercial loans for car purchase. If it exceeds, you may wish to apply for a commercial car loan. If it does not exceed, you may apply for an interest-free loan. ?

loan interest rate

the loan interest rate of automobile consumption refers to the ratio of the loan amount and the principal that the bank gives to consumers, that is, borrowers, to buy their own cars (non-profit-making family cars or commercial vehicles with less than 7 seats). The higher the interest rate, the greater the repayment amount of consumers. The interest rate of automobile consumption loan is to calculate

application steps

the application steps and procedures of personal automobile consumption loan according to the loan interest rate for the same period stipulated by the People's Bank of China, and to apply for automobile loan.

1. after the applicant is optimistic about the vehicle to be purchased, he/she needs to fill in the application form for automobile consumption loan and the credit status questionnaire, and submit them to the loan bank together with relevant certificates of personal situation.

2. after receiving the application, the bank will conduct pre-loan investigation and approval.

3. After examination, the bank will inform the borrower to fill in various forms, loan contract, guarantee contract and mortgage contract, and go through mortgage registration and insurance procedures.

4. The bank issues loans

5. The borrower pays the down payment to the car dealer, and handles the car pick-up formalities with the passbook and the car pick-up slip issued by the bank. In the process of applying for personal automobile consumption loan, the applicant needs a copy of ID card, a copy of household registration book, a copy of marriage certificate, income certificate, bank statement, a copy of real estate license and so on.

CCB?

business introduction and process business introduction

installment payment for car purchase by dragon card: refers to the cardholder's application to our bank to use his dragon card (excluding business card, student card, supplementary card and guarantee card) to buy a family car at the dealer designated by our bank when he agrees to pay the down payment (the down payment is the net car price minus the approved amount). After the approval of our bank, the actual installment amount will be divided into several installments, and the cardholder will repay the loan monthly within the agreed time limit and pay a certain handling fee.

business highlights

preferential rates

discount offered by cooperative automobile manufacturers, which is much lower than the interest rate of automobile loans in the same period

the maximum amount of car purchase by installment can reach 5,

the maximum flexible period can be repaid by installment in 36 months, and the car life can be enjoyed in advance

financial management can be relaxed to ease the financial pressure and increase the purchase budget

processing flow

For example, Mr. Zhang plans to buy a family car. Terms and conditions?

(1) China Construction Bank provides car purchase services in 12 phases (one year), 18 phases (one and a half years), 24 phases (two years) and 36 phases (three years).

(2) The installment amount range of car purchase is generally 2,-5, yuan (the installment amount range is different according to different models, please click on the "cooperative brand" column or consult 4-82-8 for details). China Construction Bank will decide whether and how much to approve according to the cardholder's credit behavior and consumer repayment.

(3) The minimum down payment ratio is 3% of the net car price (the down payment ratio will be different according to different models, please click on the "co-brand" column or consult 4-82-8 for details), and the down payment shall be paid in cash or by debit card. ?

(4) Cardholder's handling fee = installment amount × cardholder's handling fee rate (handling fee is included in the first month's bill after car purchase by installment).

(5) The cardholder needs to take out motor vehicle loss insurance for the installment of car purchase, and the insurance period is the same as the installment period.

(6) if the installment amount is not divisible by the number of repayment periods, the system will automatically round off the repayment amount of each period. ?

(7) Customers applying for car installment must be under 6 years old.

(8) CCB reserves the right of final interpretation within the scope permitted by law. ?

Ping 'an new car consumption loan

This product is suitable for new car consumption loans, which are repaid by various repayment methods, such as matching principal and interest, average capital, net interest repayment, repayment with interest, balloon loan and so on.

& #9642; ? The information is simple: you can apply without real estate. You only need to provide personal identification to submit the preliminary examination of car loan, and then choose to provide residence certificate, income certificate and other materials according to different customer categories.

& #9642; ? Efficient examination and approval: the examination and approval can be completed as soon as possible on the same day.

& #9642; ? Fast lending: complete information, lending within 1 working day.

& #9642; ? Maximum amount: the maximum amount of a single loan can reach 5 million.

1. Identity certificate

2. Residence certificate

3. Income certificate

1. Online booking

Application amount

2. Staff of China Merchants Bank contact you to assist in handling

3. Qualification examination of China Merchants Bank

4. Paying down payment

Handling insurance

5.