Personal car loan refers to the loan granted by China Bank to individual borrowers for purchasing cars for personal use (excluding used cars). 1. The following materials shall be submitted when handling: (1) loan application; (two) the original identity card, residence booklet or other valid proof of residence, and provide a copy; (3) Proof of professional and economic income, including but not limited to income certificate issued by the unit, bank deposit certificate, credit card statement, tax payment certificate, etc. ; 4) Car purchase agreement, contract or letter of intent signed with the dealer; (5) The certificates or documents required for the guarantee, including the list of mortgaged (pledged) goods, and the certificate that the person who has the right to dispose of it (including the property owner) agrees to mortgage and pledge; Certificate of ownership or use right of collateral issued by the competent department, written appraisal certificate (written appraisal of vehicle invoice price combined with market published price), and documents agreeing to insure; Pledged goods need to be delivered with pledged goods or rights certification documents; The guarantor agrees to perform the guarantee contract and relevant credit certification materials of joint and several liability guarantee; Or documents proving that they meet the conditions for credit loans; (6) Relevant certificates that the down payment for car purchase has been paid; (7) Other documents required by the branch. 2. The requirements for purchasing insurance at the time of handling are as follows: (1) If the borrower applies for a loan with the mortgage of the purchased vehicle or (and) the mortgage of property other than the purchased vehicle as the guarantee, the handling bank shall require the borrower to handle collateral insurance. 1. The insurance period shall not be shorter than the loan period, and the insurance amount shall not be less than the sum of the loan principal and interest. The handling bank shall be the insurance beneficiary. 2. During the validity period of the insurance, the handling bank shall require the borrower not to interrupt or cancel the insurance for any reason; If the insurance is interrupted, the lender has the right to take out the insurance on its behalf. In case of damage beyond the scope of insurance liability, the handling bank shall reconfirm and implement the borrower's loan guarantee. 3. For the insurance during the loan period, we should strive for one-time insurance. In the case of underwriting only the insurance of the current year, the handling bank shall require the borrower to provide certain guarantee methods for the insurance of the next year. 4. If the purchased vehicle is mortgaged to provide guarantee, the handling bank shall require the borrower to at least insure the collateral against vehicle loss insurance, burglary insurance, spontaneous combustion insurance and third party liability insurance. (2) Where loans are issued by credit, the handling bank shall require the borrower to at least cover vehicle loss insurance, theft insurance, spontaneous combustion insurance and third party liability insurance for the purchased vehicles. Because there are some differences in different regions, please consult local institutions in detail when applying for loans.
The above contents are for your reference. Please refer to the actual business regulations.
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