2) The total loan amount is 68,000 yuan. If it is a car loan from CCB, the annual interest rate for three years is 5.25%, and the term interest is related to the loan amount:
Interest = loan amount x annual interest rate x3
= loan amount x5.25%x3
= 68000x5.25% x3 =10710 yuan.
Extended data:
1) Basic Provisions on Automobile Loan of China Construction Bank:
1. Loan target: a natural person with full civil capacity, aged 18 to 60 years old (inclusive);
2. Loan amount: if the purchased vehicle is for personal use, the loan amount shall not exceed 80% of the price of the purchased vehicle; If the purchased vehicle is a commercial vehicle, the loan amount shall not exceed 70% of the price of the purchased vehicle, of which the loan amount of the commercial vehicle shall not exceed 60% of the price of the purchased vehicle;
3. Loan term: the purchased vehicle is for personal use, and the longest loan term shall not exceed 5 years; The purchased vehicle is a commercial vehicle with a loan term of no more than 3 years;
4. Loan interest rate: subject to the loan interest rate regulations of China Construction Bank;
5. Guarantee method: To apply for personal auto loan, the borrower must provide certain guarantee measures, including pure vehicle mortgage, vehicle mortgage+guarantee institution, vehicle mortgage+natural person guarantee and vehicle mortgage+performance guarantee insurance;
6. Repayment method: If the loan term is less than one year, you can use any repayment method such as monthly interest, matching principal and interest repayment, average capital repayment and one-time repayment of principal and interest. If the loan term is more than one year, the method of equal principal and interest and average principal repayment can be adopted. The specific repayment method shall be negotiated between the handling bank and the borrower and agreed in the loan contract;
2) The borrower must be a permanent resident of the place where the loan bank is located and have full capacity for civil conduct.
The term of automobile consumption loan is generally 1-3 years, and the longest is no more than 5 years. Among them, the term of second-hand car loan (including extension) shall not exceed 3 years, and the term of dealer car loan shall not exceed 1 year.
Personal loan car purchase business is divided into direct customers, indirect customers and credit card car loans. The direct customer type is generally a bank car loan for customers to meet directly, and the indirect customer type is generally a car loan from an auto finance company to a customer car loan.
The fees charged by banks for direct car loans include deposit, principal and interest, and 3% guarantee fee. And the bank's premium customer fees will be discounted, but the preferential policies of each bank are different.
In addition to the above fees, personal auto financing companies also need to bear supervision fees, fleet management fees and warranty renewal deposits.