What materials do I need to apply for a car loan?
1. Property buyers need to provide valid identification documents, and temporary id card can do the same.
2. If you are married, you need to provide a marriage certificate and a copy of your spouse's ID card.
3. proof of residence. You need to provide proof of residence in your permanent residence, such as the electricity bill for the last 6 months. If you have a real estate in your permanent residence, you need to provide a real estate license.
4. Proof of work and income. Provide proof of income stamped by the work unit. If you are currently unemployed, it is generally difficult to apply for a loan.
Extended information:
1. The procedures required for loan to buy a car are as follows:
1. When the buyer chooses a car model in a 4s shop, he must first understand the relevant parameter configuration of the car model, so as to better check the vehicle configuration information when renewing the contract;
2. The dealer will review the information provided by the buyer, and judge the lender's car purchase qualification (especially the manufacturer's financial institution) through the buyer's work, income, real estate and other factors when buying a car. If yes, the dealer will provide you with a letter of intent to buy a car and let you go to the bank for a loan. Pay attention to too many overdue records of personal credit information;
3. Go to the bank to apply for a loan with the letter of intent to buy a car and relevant information, and wait for the bank to approve the relevant information of the buyer. It usually takes about a week. If the buyer's loan institution is the financial institution of the car factory, the audit time will take about one day.
4. After the approval, the dealer will sign a car purchase contract with the buyer and notify the customer to pay the down payment for the vehicle. Generally speaking, the bank will not let your down payment exceed 50% of the car price, but the minimum down payment is 20%. At the same time, the dealer and the buyer will handle a bank account or credit card;
5. The dealer's chamber of commerce will handle the mortgage and insurance formalities with the buyer. After handling, the customer can pick up the car smoothly.
Secondly, there are the following points to note:
1. When signing a car purchase contract, you need to carefully check the relevant information on the contract, especially the vehicle configuration column. Secondly, it is necessary to confirm the total price of the vehicle and the number of repayments per period.
2. If the bank can't get the loan, you can try to go to the factory finance or finance company. However, when looking for a financial company, beware of being cheated. It's safer to shop around.
3. When choosing the vehicle model, do what you can. The main consideration is whether the monthly repayment will cause great pressure on yourself.
4. In the first year of insurance, try to insure the vehicle completely.
5. It should also be noted that if the debt exceeds 50% of the assessed value of the vehicle, the bank may not approve it.
What are the procedures and conditions for buying a car with a loan?
Need to apply for personal car loans, must also meet the following conditions:
1, a natural person who has reached the age of 18, has full capacity for civil conduct, holds valid identity documents meeting regulatory requirements and has a fixed detailed address;
2. People's Republic of China (PRC) citizens with permanent residence in China, or Hong Kong, Macao and Taiwan residents and foreigners who have lived in People's Republic of China (PRC) for more than 1 year (including 1 year) and have their own property in the place where the loan is applied;
3. Have a sustained and stable legal income or personal legal assets sufficient to repay the loan principal and interest, and have the ability and willingness to repay the loan principal and interest on schedule;
4. Personal credit status is good, and there is no bad credit record in BOC and its peers;
5. Being able to pay the down payment for car purchase in accordance with laws, regulations, regulatory provisions and prescribed limits;
6. Provide effective guarantee recognized by the lender;
7. The purpose of the loan is clear and legal, and it can provide a car purchase contract, agreement or letter of intent recognized by the lender;
8. You need to open a deposit account with BOC before handling the loan;
If entrusted payment is adopted, the borrower shall provide effective counterparty account information, etc. To meet the conditions of independent payment, you need to submit personal account information.
To apply for a personal car loan, you need to submit the following information:
1. loan application (including the borrower's name, address and effective contact information);
2. Your valid identification materials. Married customers need to provide proof of spouse's identity and marital status;
3. Proof of your income/assets;
4. Credit inquiry authorization (married customers including spouses);
5 car purchase agreement, contract or letter of intent signed with the dealer;
6. Certificates or documents required for guarantee (originals and photocopies are required), including but not limited to car purchase invoices and motor vehicle registration certificates; List of mortgaged (pledged) items and the certificate (signed by myself) that the person who has the right to dispose of it (including the property owner) agrees to mortgage (pledge); Certificate of ownership or right to use the mortgaged property issued by the competent department, certificate of value of the mortgaged property, and documents that you agree to handle insurance for the vehicle (if necessary); Pledged goods shall be delivered with pledged goods or rights certification documents (if necessary); Basic information and financial proof materials of the guarantor, the guarantee contract (if necessary) and relevant credit proof materials for agreeing to perform joint and several liability guarantee; Certification documents that meet the credit conditions of unsecured consumer loans (when necessary);
7. Relevant certificates for paying the down payment for car purchase, etc.
Please consult the local branch of Bank of China for details.
The above contents are for your reference. Please refer to the actual business regulations.
What are the procedures for buying a car with a loan?
What are the procedures for buying a car with a loan?
Step 1: the lender submits the application materials for loan to buy a car to the bank;
Step 2: the bank conducts a preliminary examination of the materials submitted by the lender;
Step 3: the bank conducts credit investigation and customer evaluation on the lender;
Step 4: The bank examines and approves the loan application that meets the loan conditions through preliminary examination and credit investigation;
Step 5: After approval, notify the borrower to go through relevant procedures such as contract signing, loan issuance, mortgage or pledge; If it fails to pass the examination and approval, it shall explain to the borrower;
Step 6: After the loan contract comes into effect, the handling bank issues the loan. Special loan method is adopted, that is, according to the loan contract, the handling bank directly transfers the loan to the dealer account where the borrower buys the car.
Risks to be avoided in loans
Private lending is an informal credit model in China's credit system. Due to the lack of certain supervision, there are certain risks in this way. How to scientifically and effectively reduce this loan risk? We can do our homework from the following aspects:
1, it is necessary to strictly review the market access mechanism and review the qualifications of some private lending institutions. Private banks with certain funds that can operate according to law can be exclusively used by private financial institutions within a certain period of time; On the other hand, it is necessary to give a clear blow and ban to the seekers and maintain a good financial order.
2. The interest rate of private lending should be managed more transparently. To standardize this kind of private lending, we should fully consider the lending demand and incorporate it into our effective management methods, which can fluctuate according to the requirements of the lender's qualification level, and use some market competition to promote the development of lending norms.
3. Introducing loans into the real economy, people have a lot of capital, so where do they need to go? But we also need to enter the cycle of the real industry, so as to promote the sustainable development of the real economy. Instead of just wandering around as some free capital, it is better to use it legally and normatively.
4. It is necessary to strengthen the flow of private lending funds and implement effective management. It is necessary to set up some special supervision institutions to supervise their lending behavior, monitor and manage funds, establish perfect, sound and scientific import statistical monitoring indicators, and conduct necessary supervision and guidance on the flow and investment of some private lending funds to prevent some private mortgages from being everywhere.
5. Many intermediaries or "employers" of private equity funds are fake. Fake intermediaries usually make clients spend a lot of designated items to cheat, including the cost of issuing evaluation reports and due diligence attorney fees. If the above documents and legal acts are needed, the entrusting party must issue them by itself.
Of course, if you want to borrow money to buy a car, you must go to a regular bank and other places to borrow money to avoid some illegal acts or being cheated.
What are the procedures for buying a car with a loan?
The procedures for buying a car by loan generally include loan application, personal identity card information, car purchase contract, income proof materials and other related materials. Loan is a kind of lending behavior, and it needs to be repaid and the corresponding interest paid at maturity. In addition, the loan to buy a car requires legal conditions.
Personal loan application shall meet the following conditions:
(1) The borrower is a People's Republic of China (PRC) citizen with full capacity for civil conduct or an overseas natural person who meets the relevant provisions of the state;
(2) The purpose of the loan is clear and legal;
(3) The amount, duration and currency of the loan application are reasonable;
(4) The borrower has the willingness and ability to repay;
(5) The borrower's credit status is good and there is no significant bad credit record;
(6) Other conditions required by the lender.
legal ground
Article 667 of the Civil Code of People's Republic of China (PRC) defines a loan contract as a contract in which the borrower borrows money from the lender, repays the loan at maturity and pays interest.
Article 669 of the Civil Code of People's Republic of China (PRC) * * * The borrower shall provide the true information and be obliged to conclude a loan contract, and the borrower shall provide the true information about the business activities and financial status related to the loan according to the requirements of the lender.
Interim Measures for the Administration of Personal Loans Article 11 An application for personal loans shall meet the following conditions:
(1) The borrower is a People's Republic of China (PRC) citizen with full capacity for civil conduct or an overseas natural person who meets the relevant provisions of the state;
(2) The purpose of the loan is clear and legal;
(3) The amount, duration and currency of the loan application are reasonable;
(4) The borrower has the willingness and ability to repay;
(5) The borrower's credit status is good and there is no significant bad credit record;
(6) Other conditions required by the lender.