The vehicle mortgage loan process is as follows: 1. First, the borrower should apply for a loan to the lending institution, and provide the lending institution with his ID card, driver's license, car purchase contract and other supporting materials; 2. Then the lending institution will review the qualification of the lender, evaluate the value of the vehicle and book the loan amount; 3. If there is no problem, then the lending institution and the borrower sign a loan contract and issue loans, and the borrower goes to the lending institution with a vehicle driver's license, and that's all; 4. Vehicle mortgage loans need to be repaid regularly every month. If it is not repaid for a long time, then the lending institution has reason to dispose of the vehicle by itself.
What is the process of vehicle mortgage loan?
I. automobile mortgage Process
1. The lending institution receives the information provided by the applicant.
2. Visit the applicant's home to investigate and estimate the value of the vehicle.
3. The loan amount initially reserved by the lending institution.
4. Handling entrustment notarization and loan notarization.
5. Relevant documents of the lender in custody of the applicant.
6. Go through the mortgage registration formalities
7. Loans
Second, the conditions for applying for a vehicle mortgage loan
1, with valid identification and full capacity for civil conduct.
2. Can provide fixed and detailed proof of address.
3. Have a stable occupation and the ability to repay the loan principal and interest on schedule.
4. Personal social credit is good.
5. Holding a car purchase contract or agreement approved by the lender.
6. Other conditions stipulated by the cooperative organization of buying a car without mortgage in Shenyang.
Extended data:
I. Materials for applying for vehicle mortgage loan
1, motor vehicle registration certificate, driving license, additional proof of purchase tax (this), car purchase invoice
2. Insurance policy, travel tax, and relevant tax payment certificates for imported vehicles.
3. ID card (temporary residence permit or residence permit provided by non-local account customers within the validity period)
Second, the vehicle mortgage related matters needing attention
1, car mortgage is the implementation of mortgage certificate instead of car. The relevant documents of your car can be mortgaged to the lending institution to get a loan, and the car can be used as usual after GPS installation. Before making a mortgage, you must first understand whether the car mortgage has a mortgage.
2. automobile mortgage's funds are often used for short-term turnover. If you need a long-term loan, you can't use a car as collateral for the loan.
3. Because automobile mortgage often produces higher expenses, if you choose a vehicle mortgage loan with a long cycle, you can try to repay it in advance if there is prepayment.
4. When choosing institutions, borrowers should try to choose formal lending institutions.
How to handle the car mortgage?
The process of handling automobile mortgage is as follows:
The customer needs the materials of the vehicle that provides the mortgage loan.
The appraiser of the borrower shall comprehensively evaluate the mortgaged vehicle.
The borrower and the lender negotiate the value of the mortgaged vehicle.
After the borrower and the lender sign the vehicle mortgage contract, they shall be notarized at the same time.
The borrower and the lender shall go through the mortgage registration and relevant certification procedures at the vehicle management office.
The lender drives the vehicle to the parking lot designated by the borrower, gives all the car keys to the intermediary for safekeeping, and the borrower issues them, and repays the mortgage amount with the receipt.
After the mortgage expires, the lender and the borrower go through the formalities of repayment and mortgage cancellation, repay all the loans, cooperate with the borrower and the vehicle management office to go through the formalities of mortgage registration cancellation, and then get the car keys.
After the loan expires, if the customer fails to renew or cancel the loan at the intermediary office, the borrower will refuse to pledge according to the rules of vehicle mortgage loan.
Automobile mortgage is a loan obtained from a financial institution or an auto loan company with the car or self-purchased vehicle of the borrower or a third party as collateral. According to the purpose of loans with automobiles as collateral, it is mainly used for quick capital turnover.
It should be noted that cars depreciate rapidly, and traffic accidents have a high probability of affecting the value of vehicles. There are relatively few ways for financial institutions to issue loans with cars as a single mortgage, and the general loan evaluation price is 50-80%.
Generally speaking, domestic banks do not provide automobile mortgage services, so it is generally necessary to find private professional credit institutions to apply for such services. For example, automobile mortgage service is a short-term microfinance service for small enterprises, individual merchants and entrepreneurs.
What is the process in automobile mortgage?
1. Submit an application to a lending institution.
Customers first need to find a lending institution and submit their own loan application. In this step, customers can consult more lending institutions, try to consult some larger and more formal lending institutions, and then choose the one that suits them best.
2. Prepare loan information as required.
When applying for a vehicle mortgage loan, the customer needs to prepare the ID card, income certificate and credit report of the owner and mortgagor according to the requirements of the lending institution, subject to the notice of the lending institution. In order for the loan to be successfully approved, it is best for the loan materials submitted by customers not to have mistakes or omissions, let alone to forge the loan materials, so as not to be directly refused by the platform.
3. Waiting for institutional review.
After the customer submits the relevant information, it needs to wait for the review of the lending institution. In this step, the lending institution will mainly look at whether the customer's income meets the requirements, whether the credit report is tainted, and also confirm whether the loan information submitted by the customer is wrong or missing.
4. Evaluate the value of the vehicle
If the loan information submitted by the customer is correct and meets the loan conditions, the lending institution will evaluate the market value of the vehicle. The higher the market value of mortgaged vehicles, the more loans customers can get. It should be noted here that some lending institutions have strict requirements for mortgaged vehicles, and the age and mileage of vehicles cannot exceed the limit.
5. Sign a loan contract
If the vehicle provided by the customer passes the evaluation, the lending institution will sign a loan contract with the customer. Before signing a loan contract, customers need to carefully observe the contents of the loan contract to see whether the loan amount, interest rate and term are consistent with the original agreement. If there is a problem with the loan contract, it is necessary to communicate with the lending institution in time for confirmation.
6. Mortgage procedures
The vehicle mortgaged by the customer needs to be mortgaged, so the customer needs to issue a motor vehicle registration certificate. If the customer's vehicle cannot be mortgaged due to some special circumstances, the loan application is likely to fail.
7. Wait for the loan funds to arrive.
After the mortgage is successfully handled, the lending institution will arrange funds for the loan. Generally speaking, the next repayment time of vehicle mortgage loan will not exceed 1 month. Lend as soon as possible. Customers can pay attention to the notice of the lending institution in time, and remember to repay the loan as agreed once the loan is decentralized.
It can be seen that it is still more troublesome for customers to apply for vehicle mortgage loans. If they own a car, they are not sure whether they can get a loan. They also need vehicles and their own conditions to meet the requirements of lending institutions, and customers can know in advance.
After handling the vehicle mortgage loan, the customer needs to contact the lending institution as soon as possible to retrieve his motor vehicle registration certificate, and then go to the vehicle management office with the certificate and other materials to go through the formalities of car release. There are still some risks in vehicles that are not released in time.