2. The lending institution will confirm the information of the borrower and review the relevant qualifications of the borrower;
3. The lending institution will comprehensively evaluate the borrower's vehicle and determine the loan amount;
4. The lending institution signs a loan contract with the borrower, and the lending institution issues loans;
5. The borrower repays the loan according to the repayment method agreed in this contract.
The above is the relevant content of the mortgage loan process.
How to cancel the mortgage after car loan exchange 1 After paying off the last monthly payment, the borrower carries the loan contract and ID card to the lending institution for loan settlement;
2. The borrower and the staff of the lending institution bring relevant materials to the local vehicle management office;
3. After arriving at the vehicle management office, find the corresponding window, fill in the application form for cancellation of mortgage, and hand it over to the staff to handle the relevant procedures for cancellation of mortgage;
4. After the mortgage cancellation formalities are completed, the borrower takes back the vehicle ownership certificate.
What should I do if the car loan is not on time? If the car loan can't be repaid on time, the owner needs to take the initiative to contact the bank with the loan to communicate and negotiate with its staff, explain the reasons why the individual can't repay, sincerely express his psychology of wanting to repay, and try to communicate with the bank staff whether he can apply for deferred repayment or repayment in batches. Banks that buy car loans will give due consideration to users' active negotiation. If the user's financial situation is really difficult, then the bank is likely to extend a certain period.
Car loan refers to the form of mortgage loan in which the owner applies for a certain amount of loan from financial institutions such as banks when buying a car. Usually when handling a car loan, the owner needs to be a permanent resident of the place where the loan bank is located. Automobiles mainly sign loan contracts with banks and other financial institutions to stipulate the loan term and related interest. The term of car loan is very short, no more than five years at most. This article mainly writes about the knowledge points related to the mortgage loan process, and the content is for reference only.