The steps to release the mortgage are as follows:
Step 1: After deducting the last month's mortgage payment, you can go to the bank that handles the car installment payment to get back your mortgage formalities in about 10 working days. The bank's credit card car is in stages. It is best to call the bank's customer service phone in advance to ask if it has been completely settled. The customer service phone number can be found on the back of the repayment card. For car loans handled by financial companies, you can call the customer service phone number of your financial company or go to the car dealer for consultation.
Step 2: To get the motor vehicle registration certificate, you must get it with your ID card. Other possible procedures include: motor vehicle driving license, bank repayment details, etc.
Step 3: After obtaining the registration certificate, you need to go to the local vehicle management office for vehicle mortgage cancellation. The materials you need to bring include: motor vehicle registration certificate, loan settlement certificate issued by the lending institution, lender's organization code certificate, motor vehicle mortgage registration/pledge filing application form, power of attorney and motor vehicle owner's ID card. This information will be given to us by the financial institution that handles the car loan when handing over the registration certificate.
Step 4: After going to the lobby of the vehicle management office, go to the corresponding service window.