Loan conditions of mortgage loan:

Have a legal status;

Have a stable economic income, have the ability to repay the loan principal and interest, and have no bad credit record;

There is a legal and effective purchase contract;

If the newly purchased house is used as the maximum mortgage, it must have a legal and effective purchase contract, the age of the house is within 10 years, and the down payment of not less than 30% of the total price of the purchased house has been prepared or paid; If the mortgage loan has been purchased, the original mortgage loan has been repaid for more than one year, the loan balance is less than 60% of the value of the mortgaged house, and the mortgaged house has obtained the property ownership certificate, and the age of the house is within 10 year;

Being able to provide effective guarantee recognized by the loan bank;

Other conditions stipulated by the lending bank.

Second, can banks mortgage cars?

Every bank can apply for automobile mortgage, including China Construction Bank, China Agricultural Bank and China Bank. However, when different banks use cars as mortgage loans, the conditions for application or mortgage are different. Let's take automobile mortgage of Shanghai Bank as an example.

Conditions and materials required for Shanghai Bank to apply for automobile mortgage business:

1. has a stable occupation, and the applicant has the ownership of the local mortgaged vehicle.

2. Carry out business and live and work in the city for a long time.

3, motor vehicle registration certificate, driving license, purchase tax certificate (this), car purchase invoice.

4. Insurance policy, travel tax, and relevant tax payment certificates for imported vehicles.

5. ID card (temporary residence permit or residence permit within the validity period provided by non-local account customers)

Automobile mortgage is a loan obtained from a financial institution with a borrower's or a third party's car or self-purchased car as collateral. The purpose of loans with automobiles as collateral is mainly automobile consumption. In most car mortgages, it is a common practice to use a certificate instead of a car mortgage. That is to say, you can mortgage the relevant documents to a lending institution to get a loan, and the car will be used as usual after installing GPS.

Extended data:

Automobile mortgage category GPS category

Customers: customers with good reputation, need daily car, pay attention to privacy and have short-term capital needs.

Advantages and characteristics: The vehicle can continue to be used after the customer completes the mortgage formalities. The maximum loan amount can reach 70% of the vehicle valuation.

Application conditions:

1. The applicant owns the ownership of the local mortgaged vehicle;

2. Enterprises that have been living and working in this city for a long time;

3, motor vehicle registration certificate, driving license, purchase tax surcharge (this), car purchase invoice;

4. Insurance policy, travel tax and relevant tax payment certificates for imported vehicles;

5. ID card (temporary residence permit or residence permit within the validity period provided by non-local account customers).

Handover category

Customers: customers who need short-term funds and don't need to use cars every day.

Advantages and characteristics: the customer's vehicle must be kept after mortgage registration. The maximum loan amount can reach 90% of the vehicle valuation.

Application conditions:

1, with stable occupation and vehicle ownership;

2. Enterprises that have been living and working in this city for a long time;

3, motor vehicle registration certificate, driving license, purchase tax additional proof (this), car purchase invoice;

4. Insurance policy, travel tax, and relevant tax payment certificates for imported vehicles.