1. Residents with permanent residence and permanent residence at their place of residence.

2. At least 18 years old but under 60 years old.

3 have a stable income and the ability to repay the principal and interest of the loan.

4. A third-party natural person provides a guarantee for repayment of the loan principal and interest (husband and wife are not allowed to insure each other).

5. During the loan period, the insurance company recognized by the bank must insure the motor vehicle consumption loan guarantee insurance at one time and continuously insure the motor vehicle insurance.

6. A bank account has been opened.

7. Other conditions stipulated by the bank.

Extended data:

Definition of automobile loan

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

1. Loan object:

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

2. Loan terms:

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

3. Loan amount:

The maximum loan amount generally does not exceed 80% of the price of the purchased car.

4. Term of the loan:

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

5. Loan interest rate:

General consumer loans are uniformly stipulated by the People's Bank of China, and credit card loans are formulated by the local head office of the loan bank.

6. Repayment method:

You can choose one-time repayment and installment repayment (equal principal and interest, average principal).

An auto financing or guarantee company, as a guarantor who repays the principal and interest of the loan and assumes joint liability, is a third party with sufficient compensation capacity.

Auto finance company

1, procedure:

Car buyers do not need to provide any guarantee, as long as they have a fixed occupation and residence, a stable income and repayment ability, and good personal credit.

2. Down payment:

The down payment ratio is low and the loan time is long. The minimum down payment is 20% of the car price, and the longest life is 5 years, without paying the mortgage fee.

3. Interest rate:

The interest rate of auto financing companies is usually higher than that of banks.

4. Company:

SAIC General Motors Finance, Volkswagen Finance, Dongfeng Motor Finance, Mercedes-Benz Finance? Ford finance? Toyota finance.

Automobile factory finance company

1, procedure:

Need to provide mortgage guarantee for the purchased vehicle. The applicant should have a stable occupation, domicile and repayment source, and have a good credit record.

2. Down payment:

The minimum down payment is 20% of the car price, and the longest period is 5 years.

3. Interest rate:

The interest rate is usually slightly higher than that of banks and slightly lower than that of auto financing companies.

4. Company:

SAIC Finance Company, FAW Finance Company, GAC Huili, etc.

Baidu encyclopedia-automobile consumption loan

Baidu encyclopedia-automobile finance