A mortgage car can get a second loan, but the following conditions must be met:

1, the car with secondary mortgage has room for remortgage.

2. The procedures for handling the secondary mortgage of automobiles should be complete.

3. The borrower has a legal and stable income source and repayment ability.

4. Other conditions required by the lending institution.

2. Can the car being mortgaged apply for a second mortgage?

Mortgaged cars cannot be mortgaged in two.

When the borrower applies for a loan with a mortgage car, he must give the car to the lending institution for safekeeping. In fact, the car handling fee rate is lower than that in automobile mortgage. For example, a lending institution in Beijing stipulates that the car handling fee rate is about 3%, while the car mortgage rate is about 4%.

3. Can the car being mortgaged apply for a second mortgage?

Loan conditions of mortgage loan:

Have a legal status;

Have the ability to repay the principal and interest stably, and have no bad credit record;

There are legal and effective

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;

The purchased 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.

4. Can a mortgage car get a second loan?

A mortgage car can get a second loan, but it must meet the following conditions: 1. Cars with second mortgages have room for refinancing; 2. Complete the secondary mortgage procedures for automobiles; 3. The borrower has a legal and stable income source and repayment ability; 4. Other conditions required by the lending institution. Judging from the current situation, it is relatively easy for the borrower to apply for the second mortgage of the car after the local loan company meets certain conditions. The conditions that the borrower needs to meet for the second mortgage include: 1. A car with a second mortgage has room for remortgage. 2. Complete the secondary mortgage procedures for automobiles; 3. The borrower has a legal and stable income source and repayment ability; 4. Other conditions required by the lending institution. Judging from the above conditions, if a car wants to apply for a second mortgage loan, it needs not only the space for a second loan, but also the legal and stable income of the borrower. Only when both conditions are met can the second mortgage of the car be handled. The risks of two mortgage loans include 65,438+0 and high loan interest rate. It is understood that the second mortgage for the second mortgage, the loan interest rate is often very high, the loan interest rate is calculated on a monthly basis. Under normal circumstances, the monthly loan interest rate paid by the second mortgage is about 5% of the loan amount. It is understood that the secondary mortgage is under great pressure from banks or small lending institutions, so when handling the secondary mortgage, the loan interest rate is often very high, and the loan interest rate is calculated monthly. Under normal circumstances, the monthly loan interest rate paid by the second mortgage is about 5% of the loan amount. 2. There is no negotiation process in the repayment process. In two mortgage, banks are particularly strict in the repayment process. In the process of repayment, once the payer fails to repay, the bank or small loan company will immediately auction the secondary mortgage collateral without giving the mortgagor a chance to negotiate. Therefore, applicants must pay attention to the repayment time. 3. The second mortgage application amount is not high. Although the procedure is simple, the amount of application can't be very high. According to the regulations, the credit line of secondary mortgage shall not exceed the original value of collateral minus the original loan amount. Under normal circumstances, the loan that can be applied for will be greatly discounted after deducting the original loan amount. Legal basis: the scope of property prohibited by Article 399 of the Civil Code. The following properties may not be mortgaged: (1) Land ownership; (two) the right to use collectively owned land such as homestead, private plots and private hills, except those that can be mortgaged according to law; (3) Educational facilities, medical and health facilities and other public welfare facilities of non-profit legal persons established for the purpose of public welfare, such as schools, kindergartens and medical institutions; (4) Property whose ownership and use right are unknown or controversial; (5) Property that has been sealed up, detained or supervised according to law; (6) Other properties that may not be mortgaged according to laws and administrative regulations.