Nowadays, many people have the conditions to buy a car, but the pressure of one-time payment is relatively high, so they can choose to repay by installments. Now many banks have car loan services. Which bank is better? Which bank is more cost-effective? Take a brief inventory of a few familiar ones.

1, Ping An Bank

A bank has car loan service, and the amount of a single loan is as high as 500,000 yuan. The down payment requirement is low, and you can apply for a loan as long as you can pay 20%. After completing the mortgage loan, you can realize rapid lending within one day.

2. China Merchants Bank

China Merchants Bank can provide the lender with a loan of up to 2 million yuan, but the repayment period shall not exceed five years. After calculation, the monthly repayment amount is relatively high. The down payment ratio is at least 20%, and the loan can be completed within one day at the earliest. If the personal salary conditions are better, the approval amount will be higher.

3. Bank of China

As one of the four state-owned banks, China Bank has a loan term of no more than three years, five years for quality customers, a down payment ratio of more than 40% for general customers and a minimum down payment of 30% for quality customers. Ordinary customers are not lower than the benchmark interest rate, and the interest rate of high-quality customers is not lower than 10%, which is higher than other banks. Only high-quality customers can enjoy some rights and interests.

4. China Construction Bank

The purchased vehicle is a self-use vehicle, 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; Minimum down payment of 20%; As for the loan interest rate, it shall be implemented in accordance with the loan rules stipulated by CCB.

In short, bank loans are very cost-effective, and other banks have similar car loans. You can choose freely according to your own conditions and requirements. It is more cost-effective to give priority to state-owned banks.

Which bank has the lowest car loan interest rate?

Car loan interest is related to many factors and can be selected according to the following. If the car loan time is less than 1 year, China Bank is the first choice, followed by China Construction Bank and Ping An Bank; Generally speaking, Ping An Bank has the lowest car loan interest rate, which can be given priority.

Among several banks, the highest car loan interest rate is China Construction Bank; China Bank's car loan conditions are strict, so it is not necessarily the first choice.

The car loan interest rates of different banks are different, and generally fluctuate according to the benchmark interest rate of central bank loans. The benchmark interest rate is as follows: the loan interest rate is 4.35% within one year, 4.75% within one to five years, and 4.90% for more than five years.

Calculation formula: car loan interest = loan amount, annual interest rate term, and banks also need to combine personal credit, bank/store preferential activities, down payment ratio, etc. Therefore, it is necessary to determine which bank car loan is the most cost-effective according to the actual situation of the owner.

For example, what is the 3-year interest on a car loan of 654.38+ 10,000 yuan? Mr. Li applied for a car loan of 654.38 million yuan in a bank and chose to pay it off in three years. The approved loan interest rate is 4.75%. According to the above formula for calculating the car loan interest rate, it can be concluded that the final car loan interest rate is100000x4.75% x3 =1422.

The process of bank loan to buy a car is as follows.

1. After the car buyer selects the vehicle to be purchased, he prepares relevant materials and applies for a car loan from the loan bank; 2. The loan bank conducts examination and investigation according to the submitted application materials; 3. After approval, the borrower signs a loan contract with the loan bank; 4. The borrower shall go to the local vehicle management office for mortgage registration; 5. The loan bank issues the loan, and the borrower takes the relevant certificate to the dealer to pick up the car.

Which bank has a good car loan? Which bank has an advantage?

Many people are entangled in whether to buy a car in full or by loan, and what kind of loan method to choose. Rong 360 tells you which bank has a good car loan? Which bank has an advantage?

Car loan methods have their own advantages and disadvantages.

At present, the channels of car loan are banks and auto financing companies. Among them, banks include traditional car loans and credit card installment payments. There are many kinds of traditional car loan business, so customers who choose "direct customer" business can borrow money first and then buy a car; Customers who handle "private" business first choose a good car and then apply for a loan through a car dealer.

The person in charge of a 4S shop of Nanjing FAW-Volkswagen said that the credit card installment business is popular at present, and the threshold is low. For cooperation with specific car dealers, such as buying Volkswagen, the loan method can choose the credit cards of China Merchants Bank and China Construction Bank. In the field of consumer loans, real estate can be mortgaged, loans can be obtained, and cars can be bought. There are also unsecured consumer loans such as Jiangsu Bank, which are unlimited in use and can be withdrawn after approval.

Under the "enthusiasm" offensive of bank car loan products, car dealers are also vigorously promoting car loans. For example, FAW-Volkswagen launched the derivative service platform of "financial engine", and successively launched "0 interest rate loan scheme", "China Merchants Bank Car Purchase Easy" and "Minsheng Bank Car Purchase Link".

According to industry insiders, the credit card installment form is fast but the amount is small, the term is short, and the loan for more than 3 years is a bit expensive; The advantage of lending in auto financing companies is that car dealers can make a profit, but they can't cover all car brands; For the traditional automobile mortgage, people in the industry said that the variety is complete, the quota is high and the term is long, but the disadvantage is that the loan is slow.

One-day loan "favored"

There are still many people who say that interest-free loans are attractive, but people in the industry remind that we must be "careful" to truly save money. For example, a salesperson of a 4S shop in Nanjing said that the loan to buy a car is generally less than 6,543,800 yuan, and you can enjoy an interest-free loan within one and a half years, but you need to pay a handling fee of three points; For the installment of bank credit cards, in some banks, you must also buy theft or full insurance to enjoy interest-free loans. This may not save money in the end. The person in charge of the car loan retail department of a joint-stock bank in Nanjing said that the car loan interest rate will fluctuate according to the credit status of the loan and the benchmark interest rate of the central bank loan.

The lending time of car loans is also a concern of many people. Different loan methods have different loan time. It takes about a week to lend money in a bank and two to three days in an auto financing company. At present, the fastest car loan product on the market is the "lightning loan" of China Merchants Bank. Through the PAD mobile operating platform, the application can be completed in 20 minutes. As long as the information is complete, the pre-approval can be realized in 5 minutes, and the loan can be released within 24 hours. Backstage approval is carried out at the headquarters, and relying on the advantages of internet finance, the loan application of car buyers can be completed quickly. According to the relevant person in charge, this project is currently cooperating with the top ten luxury car brands, and the loan can limit the models and car dealers, greatly increasing the choice space for car buyers.

At present, there are many popular ways to handle car loans. The loan interest rate is different, and the payment speed varies from half a month to several days. The one with the fastest payment can get a loan in one day, which is called "lightning loan". You can judge how to apply for a loan according to your own needs.

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This is the end of the introduction about which bank has a good car loan and which bank has the most cost-effective car loan. I wonder if you have found the information you need?