1. The customer provides the materials for the mortgaged vehicle, and the lending institution receives the materials provided by the applicant.
(The materials provided include ID card, vehicle driving license, vehicle registration certificate 9, insurance policies for compulsory traffic and commercial insurance, temporary residence permits for foreign residents, and spare keys for vehicles).
2. Conduct due diligence on the applicant, evaluate the value of the vehicle, and the appraiser of the borrower will evaluate the vehicle to be mortgaged.
3. The lender preliminarily reserves the loan amount, and the borrower and lender negotiate the value of the mortgaged vehicle.
4. The borrower and the lender signed a two-car mortgage contract and notarized the entrusted loan.
5. The borrower and the lender go to the vehicle management office for mortgage registration and relevant documents, and the lender will keep the applicant's relevant documents.
6. The lender drives the vehicle to the designated parking lot, and gives all the car keys to the borrower's company for safekeeping. At the same time, the borrower issues a collection list and pays the mortgage amount, and signs a vehicle mortgage loan agreement contract (some cars have higher interest).
7. After the mortgage expires, the lender shall go to the borrower for repayment and mortgage cancellation procedures, repay all the loans, and cooperate with the borrower to go to the vehicle management office for mortgage cancellation procedures.
8. After the loan expires, if the customer fails to go to the borrower for mortgage renewal or cancellation, the borrower will refuse to apply for mortgage according to the mortgage rules for cars and cars.