FAW Auto Finance Co., Ltd. is an auto finance service company initiated by FAW Group. The company was established on February 20 1 165438. According to the official introduction, FAW Finance was established with the approval of the China Banking Regulatory Commission, mainly providing users with auto finance-related services. At present, FAW Finance provides users with two types of loan products: personal car loans and personal truck financing. For general personal car loans, the loan applicant must pay at least 30% down payment, and the loan period is generally 6-60 months, with the monthly repayment amount unchanged; Personal truck financing borrowers need to make a down payment of more than 30%, with a maximum loan period of 24 months and equal repayment of principal and interest every month. It is more suitable for borrowers with stable income, and borrowers can choose the appropriate repayment period according to the situation.
How to apply for FAW Financial Loan?
If you have financial difficulties in purchasing a vehicle, users can try to apply for a loan in official website of FAW Finance. At present, the minimum amount of personal car loan is to pay 20% of the transaction price of the vehicle as a down payment, and the remaining 80% can be used for loans. The specific amount can be determined according to the vehicle transaction price and the comprehensive score of the applicant's personal qualification. Users need to fill in personal loan related information when applying for a loan from FAW Finance, such as name, ID number, city of residence, brand to be purchased, loan amount to be applied for, etc. If you want to improve the efficiency of handling loans, users are advised to fill in the loan application form accurately and completely, sign it, and prepare the loan information needed for the loan before the loan. Faw financial loan belongs to automobile mortgage. During the loan period, the vehicle shall be mortgaged to FAW Finance as collateral. The direct user shall not transfer the vehicle to others here before the user settles all the loans and goes through the cancellation of mortgage registration.
FAW financial loan users need to repay according to regulations. If you are short of money and unable to repay the loan, I suggest you ask your family or friends around you for help. Otherwise, the platform will collect relevant liquidated damages from the borrower and upload overdue records to the credit information system. If the user is seriously in arrears, FAW Finance has the right to sue the borrower and take back the vehicle.