Step one:
Prepare personal ID card, vehicle driving license, vehicle registration certificate and proof of economic income (such as bank account, deposit receipt) and other related materials to apply at the outlets of banks/lending institutions, and ask the counter staff to collect the loan application form and fill it out, and then submit it together with the materials.
Step two:
The bank/lending institution will review the data, arrange an evaluation institution to evaluate the value of the mortgaged vehicle, and then make a decision on whether to approve or disapprove the loan, and inform the customer of the result (the loan amount will be approved after approval).
Step 3:
After receiving the notice of the approval result, if the approval is passed, bring your personal ID card to the bank/lending institution outlet to sign the loan contract, and go through the vehicle mortgage registration formalities at the vehicle management office.
Step 4:
Amount of loans issued by banks/lending institutions.
We need to pay attention to the following automobile mortgage methods:
1. Escort the car: that is, drive the mortgaged car to the parking place designated by the bank/lending institution for safekeeping, and then drive it back after the loan is paid off.
2. Pledge the car with the certificate: you don't need to pledge the car at the bank/lending institution, just go through the mortgage formalities at the vehicle management office and pledge the vehicle registration certificate at the bank/lending institution.
3. No parking, no licensing: the car does not need to be parked in the bank/lending institution, and the vehicle registration certificate can also be placed in your own hands, but it may be necessary to install a positioning device on the car (it can be removed after paying off the loan).
In order to successfully handle the vehicle mortgage loan, the following conditions must be met:
1. At least 18 years old, with full capacity for civil conduct;
2. Maintain good credit, and there is no bad information record in the personal credit report;
3. Have a stable and legal economic income and a certain repayment ability.
4. The mortgaged vehicle has sufficient value space, and its service life and mileage meet the requirements (the requirements of banks/lending institutions may be different, please call customer service for details).