First, the necessary conditions for the loan to buy a car
Buying a car by loan is not only a formality 100% approval, but also the lender needs to review the applicant's real estate status, income, occupation, credit record, and even industry, education and other factors to judge the borrower's loan qualification. The main scope of the review is as follows:
1. The borrower should have a stable professional and economic income, which is enough to repay the loan principal and interest on schedule;
2. Personal social credit is good;
3. Some banks require the lender's own funds to be sufficient to pay the down payment for car purchase stipulated by the bank;
4. The lender is willing to accept other conditions deemed necessary by the bank.
Two, the loan to buy a car must meet the following conditions:
(1) The car buyer must be at least 18 years old and a citizen of China with full civil capacity.
(2) Car buyers must have a relatively stable job, a relatively stable economic income or assets that can be easily realized, in order to repay the loan principal and interest on schedule. Assets that are easy to realize here generally refer to securities and gold and silver products.
(3) During the loan application period, the car buyer will deposit the car purchase down payment lower than that stipulated by the bank into the account of the bank savings counter.
(4) Providing banks with bank-approved guarantees. If the personal account of the car buyer is not local, it should also provide joint liability guarantee, and the bank will not accept the mortgage set by the car buyer for the car purchased by the loan.
(5) Car buyers are willing to accept other conditions deemed necessary by the bank.
If the applicant is an enterprise or institution with legal personality, it shall meet the following conditions:
(1) has the ability to repay bank loans;
(2) During the loan application period, there is no less than the down payment for car purchase stipulated by the bank and deposited in the accounting department of the bank;
(3) Providing recognized guarantees to banks;
(4) Willing to accept other necessary conditions proposed by the bank.
What are the conditions for buying a car loan?
If you apply for a personal car loan in China Bank, the borrower needs to meet the following conditions:
1, a natural person with full capacity for civil conduct;
2. Effective proof of personal identity;
3. Have the legal ability to repay the loan principal and interest;
4. Good personal credit;
5. Holding a car purchase contract, agreement or letter of intent approved by the handling bank;
6. Providing collateral (pledge) recognized by the handling bank or individuals or units with sufficient compensation capacity to provide irrevocable joint liability guarantee for third parties; Or provide corresponding materials that meet the customer access conditions of the Interim Measures for the Administration of Personal Credit Revolving Loan Quota of Bank of China;
7. Proof of the down payment ability of the car purchase limit stipulated in these Measures;
8. Other conditions stipulated by the handling bank. Because there are some differences in different regions, please consult local institutions in detail when applying for loans.
The above contents are for your reference. Please refer to the actual business regulations.
What qualifications do you need for a loan to buy a car?
The qualifications required to buy a car by mortgage are as follows: 1. Proof of identity, including the applicant's ID card, household registration book and work certificate, should be above 18. If both husband and wife need to provide a marriage certificate, it is mainly to prove that the applicant has legal status. 2 proof of repayment ability, including the applicant's income certificate, bank account, qualification certificate, etc. , is an important proof of successful loans. 3. The down payment proves that buying a car by mortgage is the same as buying a house, which requires a certain percentage of down payment. The down payment ratio is usually around 30%, that is, 200,000 cars need 60,000 down payment funds; 4. Credit certificates can be printed at bank outlets, and a good credit record is needed for buying a car by mortgage.
What conditions do you need to buy a car with a loan?
The basic conditions for buying a car with a loan mainly include the following:
1, aged above 18 (inclusive), is a natural person with full capacity for civil conduct.
2, a stable and legitimate source of economic income, with the ability to repay the loan principal and interest on schedule.
3. Personal credit is good, and there are no bad records or serious negative information in the credit report (banks and auto consumption finance companies will mainly inquire about the credit information of customers in the past two years).
4. There is a certain amount of self-owned funds to pay the down payment of the car (not the funds from loans, nor the funds paid by credit cards), and the down payment ratio is generally around 20% or 30% of the total car price, usually not less than 20%.
If the customer's credit is average, it is suggested to find another person with good credit to guarantee his loan, which can provide appropriate help and improve the chances of loan approval.
People with poor credit information may not be able to get a car loan in a short time. Customers are advised to buy in full or postpone the purchase, and take the time to improve their credit first.
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.
Type of automobile loan
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 holds his ID card to the dealer's site to fill in the installment order for car purchase and submit it to the bank for review.
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.
5. I can finally drive away smoothly.
loan limit
The maximum loan amount generally does not exceed 80% of the price of the purchased car.
Letter of credit clause
1, with valid identification and full capacity for civil conduct;
2. Can provide a fixed and detailed address certificate;
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 Cooperation Organization.
What are the conditions for buying a car with a loan?
Conditions for BOC to provide "personal car loan":
1, a natural person who has reached the age of 18, has full capacity for civil conduct, holds valid identity documents meeting regulatory requirements and has a fixed detailed address;
2. People's Republic of China (PRC) citizens with permanent residence in China, or Hong Kong, Macao and Taiwan residents and foreigners who have lived in People's Republic of China (PRC) for more than 1 year (including 1 year) and have their own property in the place where the loan is applied;
3. Have a sustained and stable legal income or personal legal assets sufficient to repay the loan principal and interest, and have the ability and willingness to repay the loan principal and interest on schedule;
4. Personal credit status is good, and there is no bad credit record in BOC and its peers;
5. Being able to pay the down payment for car purchase that meets the requirements of laws, regulations, regulatory provisions and these Measures;
6. Provide effective guarantee recognized by the lender;
7. The purpose of the loan is clear and legal, and it can provide a car purchase contract, agreement or letter of intent recognized by the lender;
8. You need to open a deposit account with BOC before handling the loan;
9. If entrusted payment is adopted, the borrower shall provide effective counterparty account information, etc. To meet the conditions of independent payment, you need to submit personal account information;
10. Comply with laws, regulations, regulatory requirements and other conditions stipulated by the lender.
As there are differences in business handling in individual regions, please consult the branch of China Bank for details.
The above contents are for your reference. Please refer to the actual business regulations.
So much for the introduction of auto loan qualification.