Procedures required for prepayment of auto loans:
1. Written application for prepayment. To prepare to repay the car loan in advance, it is generally necessary to submit a written application to the loan repayment institution first, because whether the loan can be repaid in advance requires the consent of the loan institution. Therefore, as a borrower, it is recommended to contact the lending institution in advance and submit a written repayment application. After submitting the application, the lending institution will decide whether to agree or not. Generally speaking, it takes more than six months to apply for early repayment.
2. Need identification documents. To repay the car loan in advance, you need an identity document. It is recommended that the owner prepare the identity document in advance, whether it is the original or a copy.
3, need to repay the running water. Repaying the car loan in advance requires repayment. I suggest that when you are ready to repay, go to the bank to open an account and make a running water.
Prepayment process:
1, contact the credit institution. The first step to repay the loan in advance is to contact the credit institution first. You have to pay back the car loan in advance. I suggest you contact your credit institution first and ask what conditions need to be met before you can repay the loan in advance. If you ask clearly, you won't panic, and then you will know whether you meet the requirements and be prepared.
2. Submit a written application. The second step of prepayment is to submit a written application. You have to pay the loan in advance. I suggest you submit a written application to the lending institution in time. General lending institutions have standard document templates. I suggest you fill in the basic information in time after you get it.
3. Wait for the notice from the organization. The third step of repaying the loan in advance is to wait for the notice from the institution. After submitting a written loan repayment application, I suggest you just wait patiently and wait for the lender to inform you whether you meet the conditions for early repayment and when to go through the formalities.
4. Prepare repayment funds. The fourth step of repaying the loan in advance is to prepare the repayment funds. You have to pay the loan in advance. I suggest you prepare the loan repayment funds. Because repaying the loan in advance is definitely not a small sum, I suggest you get the money ready, otherwise it will be embarrassing when you find that the money is not enough when you go through the formalities.
5. Go through the formalities in time. The fifth step of repaying the loan in advance is to go through the formalities in time. After receiving the notice from the lending institution, you will bring the corresponding documents and materials to handle the loan repayment procedures and transfer in time.
6. Get proof of repayment. After paying off the money, you can go to the lending institution to get the loan repayment certificate. With this certificate, you can go through the mortgage cancellation procedures, and after the mortgage cancellation procedures, you can also get your own motor vehicle registration certificate.