Yes, the purchased vehicle is for personal use, and the longest loan period is no more than 5 years; The purchased vehicle is a commercial vehicle with a loan term of no more than 3 years; \ r \ n \ r \ Basic regulations: \r\n 1. Loan target: a natural person with full civil capacity, aged between 18 and 60; \r\n2。 Loan amount: if the purchased vehicle is for personal use, the loan amount shall not exceed 80% of the price of the purchased vehicle; If the purchased vehicle is a commercial vehicle, the loan amount shall not exceed 70% of the price of the purchased vehicle, of which the loan amount of the commercial vehicle shall not exceed 60% of the price of the purchased vehicle; \r\n3. Loan term: The purchased vehicle is for personal use, and the longest loan term shall not exceed 5 years; The purchased vehicle is a commercial vehicle with a loan term of no more than 3 years; \r\n4。 Loan interest rate: subject to the loan interest rate regulations of China Construction Bank; \r\n5。 Guarantee method: To apply for personal auto loan, the borrower must provide certain guarantee measures, including pure vehicle mortgage, vehicle mortgage guarantee institution, vehicle mortgage natural person guarantee and vehicle mortgage performance guarantee insurance; \r\n6。 Repayment method: If the loan term is less than one year, any repayment methods such as monthly interest settlement, matching principal and interest, average capital repayment, and one-time repayment of principal and interest can be adopted. If the loan term is more than one year, the method of equal principal and interest and average principal repayment can be adopted. The specific repayment method shall be negotiated between the handling bank and the borrower and agreed in the loan contract; \r\n7。 Application materials to be provided: \r\n( 1) personal loan application form; \r\n(2) Personal valid ID card. Including identity cards, household registration books, military officers' cards, passports, and travel passes for compatriots from Hong Kong, Macao and Taiwan. If the borrower is married, the identity certificate of the spouse shall be provided; \r\n(3) Household registration certificate or long-term residence certificate; \r\n(4) Personal income certificate, family income or property certificate if necessary; \r\n(5) Certificate of intention to buy a car issued by the automobile dealer; \r\n(6) proof of down payment for car purchase; \r\n(7) If the vehicle is secured by other means than mortgage, relevant materials for the guarantee shall be provided; \r\n(8) If the vehicle purchased by the loan is a commercial vehicle, it is also necessary to provide proof that the purchased vehicle can be legally used for operation, such as the vehicle's affiliation agreement with the transport fleet, lease agreement, etc. \ r \ n \ r \ Process: \r\n 1. Customer application. Customers apply to the bank, fill in the application form in writing and submit relevant materials at the same time; \r\n2。 Sign the contract. After the application materials submitted by the borrower are approved by the bank, the two parties sign a loan contract and a guarantee contract, and go through the relevant notarization and mortgage registration procedures as appropriate; \r\n3. Issue loans. After all the formalities are completed, the loan approved by the bank will be directly transferred to the car dealer account by the bank according to the contract; \r\n4。 Repay on schedule. The borrower repays the loan principal and interest according to the repayment plan and repayment method agreed in the loan contract; \r\n5。 Loan settlement. Loan settlement includes normal settlement and early settlement. \r\n( 1) Normal settlement: the loan will be settled on the loan maturity date (one-time repayment of principal and interest) or the last installment (installment repayment); \r\n(2) Early settlement: Before the loan expires, if the borrower partially or completely settles the loan, it must apply to the bank in advance according to the loan contract, and the bank will repay the loan at the designated accounting counter after approval. \ r \ n \ r \ After the loan is settled, the borrower will take back the legal documents and relevant supporting documents extracted by the bank with his valid identity certificate and the loan settlement certificate issued by the bank, and go through the mortgage registration cancellation formalities with the original mortgage registration department with the loan settlement certificate.
Can the car loan be divided into five years?
Car loans can be granted for five years. Generally, the longest period for applying for a car loan is five years. Most customers will choose a loan of 1-3 years. If the lender needs a loan for five years, he can communicate with the car dealer, which is generally no problem.
When a lender applies for a car loan, there are generally two options: bank loan and factory financing. Relatively speaking, the interest rate of bank loans is lower, but the bank will examine the lender more strictly, check the lender's credit reporting and repayment ability, and may be refused loans.
Compared with banks, the financial audit of manufacturers is not so strict, but the qualifications of lenders will still be examined, but the audit method is slightly looser. If there is no activity discount on interest rate, the loan interest rate of manufacturer finance will be higher than that of bank loan.
In most cases, car loans can be repaid in advance, and many lending institutions will not charge fees for prepayment. However, different institutions have different rules. If the lender wants to choose early repayment, it is best to consult customer service first.
Extended data:
Car loan refers to the loan issued by the lender to the borrower who applies for buying a car. Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at their special dealers.
The interest rate of automobile consumption loan refers to the ratio of the loan amount to the principal given by the bank to consumers, that is, borrowers, for purchasing their own cars (non-profit family cars or commercial vehicles with less than 7 seats).
The higher the interest rate, the greater the repayment amount of consumers.
Personal loan car purchase business is divided into direct customers, indirect customers and credit card car loans. The direct customer type is generally a bank car loan for customers to meet directly, and the indirect customer type is generally a car loan from an auto finance company to a customer car loan.
The fees charged by banks for direct car loans include deposit, principal and interest, and 3% guarantee fee. And the bank's premium customer fees will be discounted, but the preferential policies of each bank are different.
In addition to the above fees, personal auto financing companies also need to bear supervision fees, fleet management fees and warranty renewal deposits.
And credit cards, car loans. Credit card installment car loan only provides installment payment for bank credit card users, not all conditions can be handled, and there is an audit procedure, which is difficult for credit card users with bad credit records.
The specific steps of buying a car by credit card in installments are roughly as follows:
1. The cardholder (or applicant) calls the bank's credit card center or goes to the local bank to find out whether he can apply for a credit card car loan.
2. The cardholder will fill in the installment order of car purchase at the dealer with his ID card, and the bank background will review it.
3. After the order is approved, the cardholder pays the down payment and goes through the normal car purchase procedures.
4. After the vehicle is licensed, the cardholder needs to go to the bank to go through the mortgage formalities and purchase the required auto insurance.
Finally, I can drive the car away smoothly.
Processing flow:
First of all, the lender needs to prepare ID card, residence certificate, work certificate, loan use certificate and other supporting materials, go to a bank, fill out an application form and fill out a contract.
Then, wait for the bank's pre-loan qualification investigation and approval. If the lender meets the loan conditions stipulated by the bank, the bank will inform the lender to fill out some loan forms.
If the loan applied by the lender needs mortgage or guarantee, it is also necessary to sign a guarantee contract and a mortgage contract, and go through the mortgage registration procedures; If so, there is no need to sign such a contract.
Secondly, banks issue loans to lenders.
Generally, banks will lend money within 2 to 3 weeks or 1 month after the approval is completed, and the loan can be released within 1 day at the earliest.
Finally, the borrower will pay the down payment to the car dealer, and handle the car pick-up formalities with the passbook and the car pick-up note issued by the bank.
In the process of applying for personal automobile consumption loan, the applicant needs a copy of ID card, household registration book, marriage certificate, income certificate, bank statement, real estate license and so on.
Can I borrow money to buy a car for five years?
Car loans can be granted for five years. Generally, the longest period for applying for a car loan is five years. Most customers will choose a loan of 1-3 years. If the lender needs a loan for five years, he can communicate with the car dealer, which is generally no problem.
When a lender applies for a car loan, there are generally two options: bank loan and factory financing. Relatively speaking, the interest rate of bank loans is lower, but the bank will examine the lender more strictly, check the lender's credit reporting and repayment ability, and may be refused loans.
Car loan refers to the loan issued by the lender to the borrower who applies for buying a car. Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at their special dealers. The interest rate of automobile consumption loan refers to the ratio of the loan amount to the principal given by the bank to consumers, that is, borrowers, for purchasing their own cars (non-profit family cars or commercial vehicles with less than 7 seats). The higher the interest rate, the greater the repayment amount of consumers.
The borrower must be a permanent resident of the place where the loan bank is located and have full capacity for civil conduct.
The term of automobile consumption loan is generally 1-3 years, and the longest is no more than 5 years. Among them, the term of second-hand car loan (including extension) shall not exceed 3 years, and the term of dealer car loan shall not exceed 1 year.
Car loan processing flow: First, the lender needs to prepare ID card, residence certificate, work certificate, loan purpose certificate and other supporting materials, go to a bank, fill out an application form and fill out a contract.
Then, wait for the bank's pre-loan qualification investigation and approval. If the lender meets the loan conditions stipulated by the bank, the bank will inform the lender to fill out some loan forms. If the loan applied by the lender needs mortgage or guarantee, it is also necessary to sign a guarantee contract and a mortgage contract, and go through the mortgage registration procedures; If so, there is no need to sign such a contract.
Secondly, banks issue loans to lenders. Generally, banks will lend money within 2 to 3 weeks or 1 month after the approval is completed, and the loan can be released within 1 day at the earliest.
Finally, the borrower will pay the down payment to the car dealer, and handle the car pick-up formalities with the passbook and the car pick-up note issued by the bank.
In the process of applying for personal automobile consumption loan, the applicant needs a copy of ID card, household registration book, marriage certificate, income certificate, bank statement, real estate license and so on.
Can I get a car loan for five years?
Loan conditions required for car loan for 5 years:
1. Residents with permanent residence and permanent residence at their place of residence.
2. At least 18 years old but under 60 years old.
3 have a stable income and the ability to repay the principal and interest of the loan.
4. A third-party natural person provides a guarantee for repayment of the loan principal and interest (husband and wife are not allowed to insure each other).
5. During the loan period, the insurance company recognized by the bank must insure the motor vehicle consumption loan guarantee insurance at one time and continuously insure the motor vehicle insurance.
6. A bank account has been opened.
7. Other conditions stipulated by the bank.
Extended data:
Definition of automobile loan
Auto loan refers to the loan issued by the lender to the borrower who applies for buying a car, also called auto mortgage.
1. Loan object:
The borrower must be a permanent resident of the place where the loan bank is located and have full capacity for civil conduct.
2. Loan terms:
The borrower has a stable occupation, the ability to repay the principal and interest of the loan, and good credit; Can provide recognized assets as collateral or pledge, or a third person with sufficient compensatory ability as a guarantor to repay the principal and interest of the loan and bear joint liability.
3. Loan amount:
The maximum loan amount generally does not exceed 80% of the price of the purchased car.
4. Term of the loan:
The term of automobile consumption loan is generally 1-3 years, and the longest is no more than 5 years.
5. Loan interest rate:
General consumer loans are uniformly stipulated by the People's Bank of China, and credit card loans are formulated by the local head office of the loan bank.
6. Repayment method:
You can choose one-time repayment and installment repayment (equal principal and interest, average principal).
An auto financing or guarantee company, as a guarantor who repays the principal and interest of the loan and assumes joint liability, is a third party with sufficient compensation capacity.
Auto finance company
1, procedure:
Car buyers do not need to provide any guarantee, as long as they have a fixed occupation and residence, a stable income and repayment ability, and good personal credit.
2. Down payment:
The down payment ratio is low and the loan time is long. The minimum down payment is 20% of the car price, up to 5 years, and there is no need to pay the mortgage fee.
3. Interest rate:
The interest rate of auto financing companies is usually higher than that of banks.
4. Company:
SAIC General Motors Finance, Volkswagen Finance, Dongfeng Motor Finance, Mercedes-Benz Finance, Ford Finance and Toyota Finance.
Automobile factory finance company
1, procedure:
Need to provide mortgage guarantee for the purchased vehicle. The applicant should have a stable occupation, domicile and repayment source, and have a good credit record.
2. Down payment:
The minimum down payment is 20% of the car price, and the longest period is 5 years.
3. Interest rate:
The interest rate is usually slightly higher than that of banks and slightly lower than that of auto financing companies.
4. Company:
SAIC Finance Company, FAW Finance Company, GAC Huili, etc.