How much you can borrow when applying for a vehicle mortgage depends mainly on the value of the vehicle itself. The higher the general vehicle value, the higher the loan amount.
Vehicle price, service life, mileage etc. Will affect the value of the vehicle.
Because of this, new car mortgages are usually higher than used car mortgages.
Under normal circumstances, the car loan amount will be between 50% and 70% of the car price.
We also need to note that the approval amount of car loan is not only related to the value of the vehicle, but also related to the borrower's personal comprehensive qualification.
If the customer's comprehensive personal qualifications are good enough, it will also be helpful for the car loan to be approved for more quotas.
Therefore, customers should maintain good personal credit at ordinary times to ensure that there is no problem with credit;
When applying for a car loan, you should also prepare enough information, such as information on asset income.
If you have a certain amount of debt, you can try to pay off the debt first or pay off part of it first, and then apply for a car loan to reduce the debt.
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.
Type of automobile loan
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.
And credit cards, car loans. Credit card installment car loan only provides installment payment for bank credit card users, not all conditions can be handled, and there is an audit procedure, which is difficult for credit card users with bad credit records.
The specific steps of buying a car by credit card in installments are roughly as follows:
1. The cardholder (or applicant) calls the bank's credit card center or goes to the local bank to find out whether he can apply for a credit card car loan.
2. The cardholder holds his ID card to the dealer's site to fill in the installment order for car purchase and submit it to the bank for review.
3. After the order is approved, the cardholder pays the down payment and goes through the normal car purchase procedures.
4. After the vehicle is licensed, the cardholder needs to go to the bank to go through the mortgage formalities and purchase the required auto insurance.
5. I can finally drive away smoothly.
loan limit
The maximum loan amount generally does not exceed 80% of the price of the purchased car.
Letter of credit clause
1, with 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.
How much can a car mortgage loan borrow?
How much automobile mortgage can get by applying for a loan mainly depends on the value of the car itself.
The higher the general vehicle value, the higher the loan amount. Vehicle price, service life and mileage will all affect vehicle value. Because of this, the amount of new car mortgage loan is usually higher than that of used car mortgage loan. Generally speaking, the amount of car loan will be between 50% and 70% of the car price. It should also be noted that the approval amount of auto loan is not only related to the value of the vehicle, but also related to the borrower's personal comprehensive qualification. If the customer's comprehensive personal qualifications are good enough, it will also help to approve more car loans.
Therefore, customers should maintain good personal credit and ensure that there is no problem with credit; When applying for a car loan, you should also prepare enough information, such as asset income information; If you have a certain amount of debt, you can try to pay off the debt or repay part of it before applying for a car loan, thus reducing the debt.
What are the procedures and conditions for car mortgage?
1. First, the borrower needs to apply to the lending institution for automobile mortgage and submit relevant materials.
2. The lending institution will review and investigate the materials submitted by the applicant and the actual situation.
3. After approval, determine the loan amount with the borrower, and the borrower shall handle the vehicle mortgage registration procedures.
4. Finally, sign a loan contract with the lending institution, and the lending institution will issue loans.
In addition, applying for auto mortgage also requires the borrower to have a stable occupation and income; The vehicle used for mortgage must be a vehicle under my name, and can provide materials such as motor vehicle registration certificate, driver's license, car purchase invoice and insurance policy; Personal identification documents should also be provided. Disadvantages: Due to the large depreciation loss of vehicles, most banks with stable operations will reject automobile mortgage thousands of miles away, which also explains why automobile mortgage has become the "exclusive product" of non-governmental organizations.
Turn a blind eye to personal qualifications, dare to accept the price, and get through the downstream channels of used cars. Behind such bold actions by the private sector, there must be higher interest charges as the driving force to support all this.
How much can I borrow from a car mortgage?
Automobile mortgage is a way to apply for a loan with a vehicle as a mortgage, which can usually solve people's short-term problems. How much can I borrow from a car mortgage?
Generally speaking, the appraisal price of a car is determined by the appraisal institution, and the mortgage rate of a car is determined by the borrower's credit status and repayment ability. Usually the car mortgage rate is around 60%. For example, a 300,000 new car mortgage loan is generally evaluated as 200,000 because of the rapid depreciation of the car. According to the mortgage rate of 60%, you can borrow 6.5438+0.2 million yuan.
How much can I borrow from a car mortgage? Generally speaking, lending institutions will refer to the brand, age, mileage and license ownership of vehicles to judge the loan amount. The better the quality of the vehicle, the more money you can borrow, and vice versa. Details are as follows:
1. If the loaned car is a commercial car, the maximum loan amount shall not exceed 70% of the total value of the car;
2. If the car loan is a private car, the maximum loan amount shall not exceed 80% of the total value of the car;
3. If it is a second-hand car, the loan amount is determined by the evaluation value.
As far as automobile mortgage is concerned, it can be divided into mortgage loans and non-mortgage loans. Under normal circumstances, the amount of mortgage loan that can be applied for is about 70%-90% of the valuation; Car mortgage, not by car, can apply for a loan of up to 70%.
In addition, if effective rights are pledged or banks or insurance companies provide joint and several liability guarantees, the maximum loan amount shall not exceed 90% of the face value of the pledged property; Where the purchased vehicle or other property recognized by the lender is used as collateral to apply for a loan, the maximum loan amount shall not exceed 70% of the value of the collateral; If a third party other than a bank or an insurance company applies for a loan, the maximum loan amount shall not exceed 60% of the car purchase cost.
By the way, the expected annualized interest rate of car loan will be higher, so the monthly fee will be high. If you have spare money in hand, it is recommended to repay in advance, which will save some interest. Second, if you apply for a car loan, you can redeem the car as soon as possible.
How much can I borrow from a car mortgage?
The loan evaluation price is generally around 50%-80%, and the car mortgage can generally reach 70%, depending on the price and specific use of the car.
There are many channels for handling automobile mortgage, and the examination is very strict. Therefore, borrowers should prepare loan materials in advance. Loan selection should be cautious, and car loan routines should be avoided reasonably, not just for convenience. Be sure to choose a formal institution. Only in this way can we better safeguard our rights and interests.
I want to find a professional company to handle the car mortgage. Shanghai Anmeitu has more than ten years of service experience in the car loan industry, and its service is very professional. In the automobile mortgage industry, it has a good brand awareness, and interest rates and quotas are also relatively advantageous in the industry. At present, its business has covered 13 cities such as Shanghai, Chengdu, Xi, Wuhan, Shenzhen, Chongqing, Beijing, Kunming, Guangzhou and Shihezi, Xinjiang, and it has 13 direct stores nationwide.
What's the quota in automobile mortgage?
When it comes to loans, most people think of banks. Bank loans are relatively safe, and car owners can also apply for car mortgages through banks. So what is the amount in the car mortgage?
Because of the high automobile consumption and rapid depreciation, banks basically don't do automobile mortgage. Most of them are small loan companies, except Ping An Bank, which only opened this business in some cities.
As far as Ping An Bank is concerned, the single maximum amount of automobile mortgage can reach 500,000 yuan, but in actual operation, it can only lend about 60% of the appraised value of the automobile. However, there is no standard for the specific maximum amount of small loan companies, some are 1 10,000 yuan, and some are 500,000 yuan, but individuals can usually borrow about 70-90% of the appraised value of automobiles. However, because the mortgaged car has been used for some time, the value assessed at the time of mortgage is definitely not as high as that at the time of purchase. Therefore, to know the amount of mortgage loan depends on the evaluation value of the car.
There are two kinds of vehicles for car mortgage, one is on the bus and the other is not on the bus. Car mortgage, not taking a car, is lower than the amount of car mortgage with a car. Because a car mortgage without a car can apply for a loan of up to 70%, while a car mortgage with a car can apply for a loan of 90%.
In addition, the individual's comprehensive qualification also affects the loan amount in automobile mortgage, and the specific loan amount can only be known through actual handling, which is basically the case in most cases. But what is certain is that cars with too high or too low prices are not easy for loan companies to accept.