I want to use my car as collateral. Which lending institution has a lower interest rate?

Different banks have different mortgage loan interest rates, such as term 1 year, CCB loan interest rate 4%, Agricultural Bank of China 5%, Industrial Bank 5.5%, China Merchants Bank 5.5%, etc. Generally, the loan interest rate of such banks is based on the benchmark interest rate of the central bank. China Construction Bank's auto mortgage will generally rise by 5% to 10% compared with the central bank's benchmark interest rate. In terms of the benchmark interest rate of central bank loans, the annual interest rate is 4.35% within one year (inclusive), 4.75% from one year to five years (inclusive), and 4.90% for more than five years. ICBC's automobile mortgage interest calculation method: 1 year 6.666%, 2 -3 years 6.7 1%. To sum up, CCB's interest rate on auto mortgage is relatively low.

1. At present, banks supporting automobile mortgage include Industrial and Commercial Bank, Agricultural Bank and China Construction Bank. However, when applying for a loan from a bank with a car mortgage, certain conditions need to be met. Taking ICBC as an example, the lender needs to meet the following conditions:

(1), with full capacity for civil conduct;

2. Personal credit status is good;

3. Have a stable and legal job and income, and have a certain repayment ability;

④ Opening a personal settlement account in the Bank;

⑤ Provide relevant application materials (such as personal limited identity documents, loan application forms, bank-approved guarantee materials, etc.). );

6. Agree to accept other conditions stipulated by the bank.

2. As long as it is a car in its own name, you can apply for car mortgage. The owner can mainly ensure that the car is legal, not assembling the car or booking the car. You can apply if you have formal procedures, such as registration certificate, driving license and insurance policy. Owners need to have a stable job and income. As a local resident, the information of the car is complete, and you need to prepare your ID card and household registration book before you can handle it. After the approval, the two parties sign a loan agreement and register the mortgage to obtain the loan. Advantages of car mortgage: the review time is not long, as long as it meets the conditions, it can be handled without taking a taxi, which will not affect daily travel. In addition, the repayment method in automobile mortgage is flexible, and the interest and repayment time are different, so the borrower can choose his own loan method according to his own actual situation.