Which bank is best for credit card loans to buy cars? Eight major credit card installment car loan competition

1. Bank of China’s “Car Loans”

Bank of China provides car loans of up to 80% for domestic cars, and the maximum loan amount for imported cars can reach the price of the car. 70%; there are three options for installment period: 12, 24 and 36 installments. For different car models, Bank of China has set different installment car purchase fee rates. The minimum handling fee rates for 12-, 24-, and 36-month installment purchases are 4%, 7%, and 10%. In addition, some models can receive a first-year handling fee exemption.

It is worth mentioning that according to the characteristics of credit cards, Bank of China's "Che Dai Tong" business also arranges an interest-free period plan for each monthly repayment plan, which can last up to 50 to 56 days. When car buyers encounter pressure when repaying their loans, they can use the interest-free period to postpone their loan repayments.

?

ICBC Peony Credit Card car purchase installment payment has many advantages: more favorable installment car purchase fees than peers; 30% car down payment, up to 1 million yuan; independent choice of loan period of 1-3 years; extensive cooperation car dealer; no occupation restrictions, no household registration restrictions; no need to mortgage real estate; no guarantee fees, no deposits, and no management fees.

Peony Card car purchase installment payment procedures are simple and the rates are low. First, it provides one-stop service, and the entire transaction can be completed in as fast as 3-5 working days. Second, you can repay through any ICBC outlet. Telephone banking and online banking transfers and remittances are more convenient. Third, you can choose different repayment terms based on your own repayment ability, with the minimum being one year (12 periods) and the maximum being 3 years (36 periods). Fourth, if you choose the ICBC Peony Card car purchase installment service, you can also enjoy preferential rates.

The monthly repayment amount for car installments purchased with the China Construction Bank Dragon Card will be included in your statement. You only need to repay according to the amount listed on the statement. The repayment method is the same as general consumer repayment. Business details:

(1) China Construction Bank provides 12 installments (one year) and 24 installments (two years) for car purchase installments.

(2) The installment amount range for car purchase is 20,000-200,000 (the installment amount range is different according to different models. For details, please click on the "Cooperating Models" column or consult). China Construction Bank will decide whether to pass the approval and the approved amount based on the cardholder's credit record and consumption behavior.

(3) The minimum down payment ratio is 30% of the net car price (the down payment ratio varies according to different models. For details, please click on the "Cooperating Models" column or consult), and the down payment must be in cash or Pay by debit card.

(4) Cardholder handling fee = installment amount × cardholder handling rate (the handling fee will be included in the first monthly bill after the installment purchase).

(5) Cardholders who apply for Longka car purchase installment payment need to insure the total vehicle theft and vehicle loss insurance. The insurance period is consistent with the installment period, and the first beneficiary of the insurance is the car owner himself.

(6) If the installment amount is not divisible by the number of repayment periods, the system will automatically round up the repayment amount of each period.

Guidelines for Long Card Installment Car Purchase

4. China Merchants Bank’s “Easy Car Purchase”

“Easy Car Purchase” refers to China Merchants Bank’s “Easy Car Purchase” based on the credit card holder’s credit standing. Increase the installment limit of his credit card to meet the cardholder's needs for installment purchases of designated brand cars at designated dealers. Cardholders only need to bear a certain handling fee to repay the car purchase amount in monthly installments, which is a new car loan model that fully reduces the repayment pressure. Business details:

1. The total installment amount of Chegouyi business ranges from 30,000 yuan to 200,000 yuan (according to different models, the installment amount range is different, please consult the local dealer for details), cardholders can Select the total installment amount (must be an integral multiple of 5,000) within your installment limit (you must call to inquire). The limit is determined by your credit card limit, credit status and credit card usage.

2. The minimum down payment ratio for car purchase is 30% of the car purchase price (the down payment ratio will be different according to different models, please consult for details), and the down payment amount must be paid by non-China Merchants Bank credit card payment method.

3. The Chegouyi service provides 12 (monthly) and 24 (monthly) installment services.

The handling fee for 12 (monthly) installments is 7%. The handling fee for one (monthly) installment is 7%. The total handling fee = the total installment amount one).

4. Three types of insurance must be purchased to participate in the car purchase business: 1. Theft and rescue insurance (the full price of the car is insured); 2. Third-party liability insurance (not less than 200,000); 3. Car insurance Loss insurance (insured amount × 80% = installment amount), and the number of insurance periods cannot be less than the number of installments.

5. The first beneficiary of the insurance is the Credit Card Center of China Merchants Bank Co., Ltd. When the insurance compensation amount is not more than 5,000 yuan, the insurance company can directly pay the cardholder without authorization from China Merchants Bank.

6. If the total installment amount is not divisible by the number of repayment periods, our system will automatically round and split the repayment amount of each period, and the total repayment amount will remain unchanged.

7. The specific purchase price of the vehicle shall be determined directly by the cardholder at the designated dealer store in accordance with the normal car purchase process.

China Merchants Bank Credit Card Car Loan Cooperation Models

5. Minsheng Bank’s “Car Purchase Pass”

Minsheng Bank’s “Car Purchase Pass” car loan’ car loan is one of Minsheng Bank’s An installment car purchase service provided by credit card holders. The convenient car loan method can help cardholders save a lot of trouble.

The total installment amount range of the car purchase service is: 20,000-600,000 yuan, the minimum down payment ratio is 30% of the car purchase price, and 12 (monthly) and 24 (monthly) installments are provided Payment Services. Cardholders can choose a suitable car loan plan based on their actual situation.

6. Bank of Ningbo's "Love Home Installment"

Bank of Ningbo offers credit card installment business for some car brands - Bank of Ningbo Love Home Installment. According to reports, consumers who purchase cars through Ningbo Bank’s credit card installment business do not need to pay interest, as long as they pay a certain handling fee on schedule.

Aijia Installment" handling fee details: 6, 12, 18, 24, 30, and 36 installments are: Home installments are only available to cardholders who hold intermediate and senior positions in Fortune 500 companies.

7. Guangfa Bank Credit Card Car Loans

Guangfa Bank Credit Card Car Loans. It is a credit card installment business of China Guangfa Bank. The most significant advantage of buying a car with a Guangfa Bank credit card is that the cost is lower, and the credit card installment has a greater advantage.

The credit limit that cardholders can apply for is 20,000-. 200,000; there are three types of installments: 12 months, 24 months, and 36 months; there is no expected annual loan interest rate for credit installment car purchases. China Guangfa Bank only charges handling fees, and the handling rates for different installments are different.

8. Bank of Communications’ “e-Car Loan”

The Bank of Communications’ credit card “e-Car Loan” product has optimized the process according to the needs of car buyers. Car buyers can apply to the Bank of Communications in advance when selecting the target car model. The bank applies for a loan line, and after approval, the bank will grant the car buyer a credit line available within a certain period of time. After signing the car purchase contract, the car buyer can self-issue the loan in real time, swipe the card at the 4S store designated by the Bank of Communications, and complete the car purchase procedures and full payment. They are exactly the same, no need to wait.

Eight major credit card installment car loan competition

The front is a detailed introduction to the credit card car loans of the eight major banks. Which of these credit card car loans is better? You may not be able to make an accurate judgment. I believe you will understand clearly through the comparison of some data below.

1. Rate comparison

Except China Merchants Bank and Bank of Ningbo clearly stipulate terms. In addition to the number and handling fee, the number of installments and handling fees, expected annualized interest rates and other fees of other banks’ car purchase business need to be determined according to the car model

2. Comparison of various data

Which bank is better for car loans? These four are all very good!

Many people are now able to buy a car, but the one-time payment is quite stressful, so they can choose to repay in installments. Many banks have car loan services. Which bank is better? Let’s take a brief look at some of the familiar ones.

Ping An Bank has car loans. Loan service, the single loan amount is up to 500,000, and the down payment requirement is low. As long as you can pay 20%, you can apply for the loan and you can get the loan quickly within one day after applying for the mortgage loan.

2. China Merchants Bank

China Merchants Bank can provide borrowers with loans of up to 2 million yuan. Of course, the repayment period shall not exceed five years. After calculation, the monthly repayments are The 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 individual's salary conditions are better, the approval amount will be higher.

3. Bank of China

As one of the four major state-owned banks, the loan period of Bank of China shall not exceed three years, and the loan period of high-quality customers shall not exceed five years, and the down payment ratio of general customers shall be within Above 40%, high-quality customers provide guaranteed down payment of at least 30%. The interest rate for ordinary customers shall not be lower than the benchmark interest rate, and the rate of interest rate reduction for high-quality customers shall not exceed 10%. Compared with other banks, the down payment is higher, and only high-quality customers can enjoy some rights.

4. China Construction Bank

The vehicle purchased is for personal use, and the maximum loan period does not exceed 5 years; the vehicle purchased is a commercial vehicle, and the loan period does not exceed 3 years; down payment amount The minimum is 20%; as for the loan interest rate, it shall be implemented in accordance with the loan rules stipulated by China Construction Bank.

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

Which bank is better for car mortgage loans? Can banks provide mortgage car loans?

Banks can provide mortgage car loans. In fact, major banks, auto finance companies, auto consumer finance companies, etc. all provide auto mortgage loan services. Customers can apply at any bank or financial company as long as they take their personal ID card, household register, vehicle registration certificate and other relevant application materials. As long as the customer's personal credit report is good, the vehicle has sufficient value, and the customer has a stable source of income and can repay the principal and interest of the loan on time, then the loan can basically be successfully applied for.

The banks that can currently handle car mortgage loans include Industrial and Commercial Bank of China, China Merchants Bank, China Construction Bank, Agricultural Bank of China, etc. Different banks have different requirements for car mortgage loans, so which one should I go to for a car mortgage loan? It is better to consider the bank based on the actual situation. Customers should learn more about the vehicle mortgage loans of different banks.

The following will introduce to you the examples of Industrial and Commercial Bank of China, Chengdu Rural Commercial Bank and Ping An Bank.

1. Industrial and Commercial Bank of China: ICBC car mortgage loan refers to a loan in which the borrower obtains loan funds by mortgaging the vehicle he purchased to the bank. The loan funds can be used for various consumption and business purposes. product. The limit of the ICBC car mortgage loan is 60% of the car price. Generally, as long as you meet the conditions of the ICBC car mortgage loan, you can apply on the premise of ensuring on-time repayment.

2. Chengdu Rural Commercial Bank: Chengdu Rural Commercial Bank has a "Quick Loan" series of products, which have a variety of financing methods, including unsecured credit loans and chattel mortgages, such as those with cars. Borrowers can use their cars as collateral for loans. There are various methods, so no matter what the borrower’s situation is, you can find a financing method that suits you.

3. Ping An Bank: Ping An Bank’s car mortgage loan allows you to borrow up to 500,000 yuan. When applying for a loan, if the information is complete, the loan can be issued within one day at the fastest after applying for the mortgage. And during the loan period, the customer still has the right to use the vehicle.

Which bank is the best for car loans? These three are suitable for you who don’t have much down payment!

Nowadays, many families choose bank car loans when buying a car. However, with so many banks out there, most people don’t know which one is better for car loans. Today I will compare the car loans of several banks to see which one is better.

China Everbright Bank

China Everbright Bank car loan can provide you with a loan of up to 1 million yuan, with a term of up to 5 years. The down payment ratio for fuel vehicles is 30%, and the down payment ratio for new energy vehicles is 20%. In addition, the borrower’s age must not exceed 65 years when the loan matures.

CITIC Bank

The maximum loan term of CITIC Bank’s new car consumer loan is 5 years, and the minimum down payment is 20%. In addition, there are a large number of car brands with zero interest or ultra-low interest rates. After you apply for a loan through CITIC Bank's official website, mobile banking, cooperative dealers and other channels, you will be approved within 2 working days.

Shanghai Pudong Development Bank

Shanghai Pudong Development Bank’s auto consumer loan can provide you with a loan of up to 5 years. The down payment is 20% for domestically produced and joint venture cars, and 30% for imported cars. Shanghai Pudong Development Bank requires borrowers to be no more than 60 years old on the loan maturity date.

China Merchants Bank

China Merchants Bank’s personal car loan can provide you with loans of up to 2 million yuan, with a term of up to 5 years, a minimum down payment of 20%, and a minimum down payment of 20%. The loan was completed within two days. For friends with better jobs, there is no need to pay guarantee fees or performance bond insurance fees.

Bank of China

Bank of China’s personal consumption auto loans divide customers into ordinary customers and high-quality customers. The down payment ratio for ordinary customers is 40%, and the loan term is up to 3 years. The down payment ratio for high-quality customers is 30%, and the loan term is up to 5 years.

Comparing the above five banks, it is not difficult to see that the loan amounts can basically meet everyone's needs. For friends who don’t have much money for down payment, China CITIC Bank, Shanghai Pudong Development Bank and China Merchants Bank are good choices.

Which bank is best for car loans? Which bank has the advantage?

Many people are confused about whether to buy a car with full payment or a loan, and which loan method to choose. Rong360 tells you which bank is the best for car loans? Which bank has the advantage?

Each car loan method has its own advantages and disadvantages

Currently, the channels for car loans include banks and auto finance companies. Banks include traditional car loans and credit card installment payments. There are many types of traditional car loan businesses. Customers who choose the "direct customer" business can get a loan first and then buy a car; customers who choose the "indirect customer" business can choose a car first and then apply for a loan through a car dealer.

The person in charge of a 4S store in Nanjing FAW-Volkswagen said that the credit card installment business is currently popular, with a low threshold and cooperation with specific car dealers. For example, when purchasing a Volkswagen, you can choose China Merchants Bank or China Construction Bank for loan methods. credit card. In the field of consumer loans, you can mortgage your real estate and get a loan that can be repaid at any time, which can be used to buy a car. There are also unsecured consumer loans such as Jiangsu Bank, which have no restrictions on uses 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 "Financial Engine" derivative service platform, and successively launched the "0-interest loan plan", Businesses such as "China Merchants Bank Auto Purchase" and "Minsheng Bank Auto Purchase".

Industry insiders analyze that credit card installment payment is fast, but the amount is small, the term is short, and loans of more than 3 years are a bit expensive; the advantage of taking a loan from an auto finance company is that the car dealer can "discount profits", but It does not cover all car brands; for traditional car mortgages, industry insiders say that they have a wide range of varieties, high amounts, and long terms, but the disadvantage is that the loans are slow.

One-day lending is "favorable"

Many people also say that interest-free loans are very tempting, but industry insiders remind that you must be "careful with your budget" to truly achieve the goal of saving money. . For example, a salesperson at a 4S store in Nanjing said that if you buy a car with a loan, it is usually less than 100,000 yuan. If the loan period is one and a half years, you can enjoy an interest-free loan, but you need to pay a 3-point handling fee; For credit card installments, in some banks you must purchase theft insurance or comprehensive insurance to enjoy the interest-free loan discount. In this way, it 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 interest rate of the car loan will be determined according to the credit status of the loan and fluctuate up or down the benchmark interest rate of the central bank loan.

The disbursement time of car loans is also a concern of many people. Different loan methods have different disbursement times. In a bank, it takes about a week to get a loan, and in an auto finance company, it takes two to three days. Currently, the fastest car loan product on the market is China Merchants Bank’s “flash loan”, which can be completed in 20 minutes through the PAD mobile operating platform. As long as the information is complete, pre-approval can be achieved in 5 minutes and the loan can be released within 24 hours. Backend approvals are all carried out at the headquarters, and relying on the advantages of Internet finance, car buyers' loan applications can be completed very quickly. According to the relevant person in charge, this project is currently cooperating with the top ten luxury car brands, and the loan can be applied to any model or car dealer, which greatly increases the choice space for loan car buyers.

There are many popular car loan processing methods. The loan interest rates are different, and the payment speeds are also different, ranging from half a month to a few days. The fastest payment speed can be obtained in one day. When the money is received, it is called a "flash loan". You can decide how to apply for a loan based on your needs.

Only need a few thousand loans for an urgent need? Don't worry! Click here to make a quick deposit, apply in one minute, and disburse within one day.