The interest in automobile mortgage is related to the loan amount, loan interest rate and loan term. The calculation method of loan interest is: loan interest = annual interest rate of loan principal and loan term. If the loan amount is 70,000 yuan, the loan period is 5 years, and the annual interest rate is 4.75%, the loan interest is 700,004.75% 5 =16625 yuan. The loan interest rates of lending institutions are all floating on the basis of the benchmark annual interest rate announced by the central bank. At present, the latest benchmark interest rate of the central bank is as follows: 1, short-term commercial loans: 1 year (inclusive), with an annual interest rate of 4.35%. 2. Medium and long-term commercial loans: 1 to 5 years (including 5 years), with an annual interest rate of 4.75%; For more than 5 years, the annual interest rate is 4.9%. Note for automobile mortgage: 1. Conditions for Automobile Mortgage The basic conditions that the borrower must meet are: China citizens who have reached the age of 65,438+0, have full capacity for civil conduct and have a fixed residence in China. 2 have a stable professional and economic income, and can guarantee to repay the loan principal and interest on a regular basis. 3. Guarantee can be provided. 4. Other conditions stipulated by the bank. Two. Automobile mortgage 1 required information. Have a stable occupation, and the applicant has 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 additional proof (this), car purchase invoice. 4. Insurance policy, travel tax, and relevant tax payment certificates for imported vehicles. 5, ID card (non-local account customers provide temporary residence permits or residence permits within the validity period. I. Concept of mortgage interest rate automobile mortgage refers to the loan varieties that borrowers use their own or third-party vehicles (including cars, SUVs and trucks). ) as a mortgage for personal comprehensive consumption, it is repaid by mortgage. Automobile mortgage interest rate refers to the price that the borrower pays to the borrowed funds, and it is also the return that the lender gets in lending to the borrower. The interest rate in automobile mortgage is usually calculated as a percentage of one-year interest and principal. 2. At present, the ways of automobile mortgage can mainly apply for real estate mortgage loans through banks, trusts and pawns. 3. For automobile mortgage channels with different interest rates (1), the borrower of bank loan applies for mortgage loan in the bank with the purchased automobile as mortgage or pledge. When applying for mortgage loan, the bank must issue an automobile sales contract, an automobile mortgage agreement and an I automobile mortgage contract. The annual interest rate starts at 6%. (2) Trust loan Trust car mortgage means that the trustee accepts the entrustment of the principal and issues the loan with the funds deposited by the principal according to the object, purpose, term, interest rate and amount specified by the trustee (or in the trust plan), and the financier takes car mortgage as the guarantee method of the trust loan. The interest rate plus handling fee is generally around 18%. (3) Pawning loan Pawning real estate mortgage loan refers to the behavior that a pawnshop mortgages its car to a pawnshop, pays a certain percentage of fees and interest to obtain a pawnshop, and pays interest and fees to the pawnshop within the agreed time limit, repays the pawnshop and redeems the pawnshop. Interest and other comprehensive expenses add up to about 3% per month.
2.202 1 what is the highest interest rate for vehicle mortgage loan?
In 2020, the maximum interest rate of vehicle mortgage loan is generally around 8%. If it is private lending, the interest rate will be higher, which may be between 15%-20%.
3. How much interest do you need to pay for car mortgage?
Spread out completely
Generally speaking, the auto loan interest rate is slightly higher than the bank benchmark interest rate. For example, at present, the auto loan interest rate of ordinary banks generally rises by 10% according to the bank benchmark interest rate. Before the interest rate adjustment, the central bank's benchmark annual interest rate was 65438+5.3 1% for 0 years and 5.40% for 2-3 years. Auto loan interest rate 1 year, 5.84 1%, 2-3 years, 5.94%. After interest rate adjustment, the benchmark annual interest rate of the central bank is 65438+5.56% for 0 years and 5.60% for 2-3 years. The car loan interest rate is 65438+6. 1 16% for 0 years and 6. 16% for 2-3 years.
Automobile mortgage refers to a loan obtained from a financial institution or an automobile consumption loan company with a borrower's or a third party's car or a self-purchased car as collateral. The business of automobile mortgage is divided into parking and non-parking, and the mortgage interest rate of parking in automobile mortgage is relatively low. You don't need to take a car for car mortgage, but you need to pay a storage fee in addition to interest.
Banks generally have requirements for the age, mileage and vehicle valuation of loan vehicles. The threshold of financial institutions such as P2P is low, but financial institutions will require vehicles to be registered in the name of lenders, with licenses and no guarantees.
The loan funds can be used for business purposes such as purchasing raw materials and commodities, and also for consumer purposes such as car purchase, decoration, travel and wedding. Generally speaking, bank vehicle mortgage loans are not allowed to be used for buying houses, studying abroad and investing in financial securities products. Financial institutions such as P2P have relatively loose requirements for loan purposes.
4. How much is the loan interest for a good car to help mortgage a car?
General car mortgage loan-2.5% monthly interest
Affected by loan methods and institutions, loan interest is unpredictable. Make a final decision according to the products you choose and the local market situation.
Automobile mortgage is a financial loan secured by a borrower's or a third party's car or his own car. The purpose of a loan secured by a car is mainly to be quick. (Of course, cars depreciate quickly and have a high probability of value. Financial institutions take cars as a single mortgage and evaluate 50-80% of the loan price. )