1. Loan object: The borrower must be a resident of the permanent residence where the loan bank is located and have full capacity for civil conduct.
2. Loan conditions: 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. Loan term: The loan term for general automobile consumption is 1-3 years, with a maximum of 5 years.
5. Loan interest rate: uniformly stipulated by the People's Bank of China.
6. Repayment method: One-time repayment method and installment repayment method (equal principal and interest, equal capital) can be selected.
1. Car loan refers to the loan issued by the lender to the borrower who applies for buying a car. Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at their special dealers. The interest rate of automobile consumption loan refers to the ratio of the loan amount to the principal given by the bank to consumers, that is, borrowers, for purchasing their own cars (non-profit family cars or commercial vehicles with less than 7 seats). The higher the interest rate, the greater the repayment amount of consumers.
Second, the loan conditions
1. Have valid identification and full capacity for civil conduct;
2. Can provide a fixed and detailed address certificate;
3. Have a stable occupation and the ability to repay the loan principal and interest on schedule;
4. Personal social credit is good;
5. Holding a car purchase contract or agreement approved by the lender;
6. Other conditions stipulated by the Cooperation Organization.
Three, according to the provisions of the central bank, the benchmark interest rate of auto loans, but financial institutions can float within a certain range of the benchmark interest rate. The term of auto loans in major banks is generally less than five years, and the interest rate of auto loans directly determines the cost of people's loans and becomes an important factor in determining whether people lend.