Instalment car purchase with ICBC Peony Card_ICBC credit card car loan

Credit card installment car purchase has also become one of the important channels for car loans. The most significant advantage of a credit card car loan is the expected annual interest rate of the car loan. For this reason, the Industrial and Commercial Bank of China offers the Peony Card for installment car purchases. How much do you know about this product? The following is a detailed introduction to the Peony installment card handling fees, application process, application conditions, cooperative models, etc.

Loan amount

Instalment car purchase with ICBC credit card is a credit card installment business of ICBC. The credit limit that cardholders can apply for is RMB 20,000 to RMB 200,000. There are three types of credit installments: 12 months, 24 months, and 36 months. There is no expected annualized loan interest rate for car purchases. ICBC only charges a handling fee. Different installments The handling rates are different, respectively 3.58%, 7.05%, and 10.43%.

ICBC Peony Card for car purchase installment models

Handling fee: Down payment: more than 40%. For Mazda 6, the preferential rate for the 36th installment is 2.43%. For the Shanghai Volkswagen Skoda Octavia model, the 18th installment is the normal installment rate of ICBC Shanghai Branch of 5.36%, while its 24th installment rate is 0.

Cooperative brands: Shanghai Volkswagen Skoda, Changan Mazda, FAW Mazda, Beijing Hyundai, Changan Suzuki, Dongfeng Passenger Cars, etc.

The required materials are as follows

1. Fill in the "Peony Card Application Form", "Peony Car Purchase Special Card Installment Business Application Form", and "Peony Car Purchase Special Card Installment Payment Contract"< /p>

2. Household register, resident ID cards of both spouses, marriage status certificate, economic income certificate or occupation certificate.

3. Car purchase contract, proof of down payment (not less than the bare car price)

Process

(1) Apply. After you are optimistic about the vehicle to be purchased , fill in the automobile consumer loan application form, credit status survey form, and submit it together with relevant proof of personal circumstances to ICBC.

(2) ICBC will conduct pre-loan investigation and approval. If the conditions are met, the borrower will be notified in a timely manner to fill in various forms.

(3) The borrower will be notified to sign a loan contract, guarantee contract, mortgage contract, and handle mortgage registration and insurance procedures.

< p>(4) ICBC issues a loan (ICBC transfers it directly to the car dealer's account)

(5) The borrower pays the down payment to the car dealer and presents it with the passbook and ICBC issue. Use the car pick-up order to handle the car pick-up procedures.

Comparison of installment payments with credit cards from China Merchants Bank, China Construction Bank, ICBC and Bank of Communications

Using credit cards to buy a car and other car loan methods, in terms of methods. Buying a car with a credit card has its own advantages. There are two ways to pay for a car with a credit card: One is to pay in full with a credit card, and then apply for bill installments with the bank. The premise is that your credit card has enough credit to pay for the car. Most car dealers support the payment of credit cards to buy cars in installments. The difference is that the banks that designate installment cooperation are different, so before buying, you must remember to ask the merchant whether the bank credit card you hold can buy a car in installments.

Comparison of credit card installment payments for car purchases from China Merchants Bank, China Construction Bank, ICBC and Bank of Communications:

China Merchants Bank’s “Car Easy Purchase”

Once “small sum quick loan” reduced Ordinary credit card customers can also purchase a car in installments, which is equivalent to a loan of up to 50,000 yuan. The annual installment fee is only half the expected annual interest rate of a car loan.

China Merchants Bank. Sources from the credit card department revealed that they contributed 20% of the new customers of some car dealers. Credit card installments do not require mortgages and tedious information to be filled in, and they are increasingly favored by cardholders.

Using China Merchants Bank. To purchase a car with a credit card loan, it is not cost-effective to deposit 30,000 yuan and spend 50,000 yuan with a one-time credit card, and then repay 20,000 yuan in installments, because the 20,000 yuan can only be applied for "bill installment" method, and the maximum amount of 20,000 yuan can be transferred to a maximum of 20,000 yuan. 80%, which is 16,000, is applied for repayment in 3, 6 or 12 installments, and the handling fee is borne separately. This is even more expensive than a car loan applied for directly by a bank. < /p>

The recommended method is to try to directly apply for the "Car Purchase" of China Merchants Bank credit card to buy a car. You don't need to deposit 30,000, but you can still buy a higher car price, and there is 0 interest. Handling fee.

The main points are as follows:

1 Depending on the car model, the total installment amount of China Merchants Bank’s credit card car purchase business ranges from 30,000 to 200,000 yuan. The amount is determined by the cardholder’s credit card limit, credit status and other factors. Cardholders can choose the total installment amount within the limit.

2. The minimum down payment ratio for buying a car with a China Merchants Bank credit card is 30% of the car price.

3. The total handling fee for buying a car with a China Merchants Bank credit card = total installment amount × handling rate (the handling fee is included in the first installment bill after the installment purchase).

4. China Merchants Bank’s “Cheyigou” must purchase theft insurance, third party liability insurance, and vehicle damage insurance, and the number of insurance periods cannot be less than the number of installments.

Warm reminder: Different car models have different installment rates for different periods. Some banks only offer installment for designated car models. The threshold for credit card installment is not low either. Cardholders generally have a credit card limit of 100,000 to 200,000 yuan.

China Construction Bank

Buyers need to hold a Dragon Card credit card (excluding commercial cards, student cards, supplementary cards and guaranteed cards) to buy cars at car dealers designated by China Construction Bank. The buyer pays a part of the down payment and applies for a loan of a certain amount. After submitting it to China Construction Bank for approval, the actual installment amount will be divided into several equal installments, and the cardholder will repay the loan monthly within the agreed period and pay a certain handling fee.

The application process is as follows:

Terms and conditions:

(1) China Construction Bank offers 12 tranches (one year), 18 tranches (one and a half years), 24 tranches Installment services for car purchases in one term (two years) and 36 terms (three years).

(2) The installment amount range for car purchases is generally 20,000 yuan - 500,000 yuan (the installment amount range varies depending on different models). CCB will decide whether to pass the approval and the approved amount based on the cardholder's credit behavior and consumption repayment status.

(3) The minimum down payment ratio is 30% of the net car price (the down payment ratio will be different according to different models), and the down payment must be paid in cash or 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 need to purchase motor vehicle loss insurance when purchasing a car in installments, and the insurance period is the same as the installment period.

(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.

(7) The first month’s installment amount = the cardholder’s handling fee installment amount/number of installments; the monthly repayment amount from the second month onwards = the installment amount/number of installments.

Instalment car purchase process with ICBC credit card

1. Customers choose their favorite car model, but the car model must be provided by the car dealer designated by ICBC to participate in the ICBC credit card installment car purchase service. Specific options are available. For car models, please refer to: ICBC credit card installment car purchase plan;

2. Submit a credit card installment car purchase application to ICBC or the designated car dealer (just submit the required materials);

3. ICBC Review the customer's application for a credit card loan to buy a car;

4. The customer pays the down payment for the car to the car dealer;

5. After passing the review, ICBC signs a loan, guarantee, etc. with the customer Contract;

6. ICBC issues loans, and the bank directly transfers the loan applied by the customer to the car dealer's account

7. You can pick up the car after handling car insurance and other services;< /p>

8. Repay the loan to ICBC on time through credit card every month.

The process of car purchase with ICBC credit card has been determined. So, how much is the handling fee for installment car purchase with ICBC credit card? In fact, this is comprehensively determined based on different car brands, models and installment periods.

The process of buying a car by installment with Bank of Communications credit card:

(1) Go to the car dealership and choose the car model you like first, and then note the price and performance of the car;

(2) Contact the relevant bank credit card center, provide your relevant information, and ask whether you can apply for the credit card installment car purchase service. If the bank gives you a definite answer saying that you are eligible for installment payment, then the basic conditions are ready for the next step.

(3) Go to the 4S store where you want to buy a car and fill out the credit card installment application form. Of course, this 4S store should be a partner of the bank, and the model you purchase also needs to be based on the designated cooperative model. In this way, The 4S store will fax your application to the credit card center and wait for approval.

(4) After the bank approves it, you can take delivery of the car after paying the down payment to the 4S store.

Bank of Communications does not determine the handling fee based on the length of the term, but on the installment amount. The greater the amount, the lower the handling fee. That is to say, it depends on how much car you buy and how much down payment you have to make.

Industrial and Commercial Bank of China car loan credit card phone number

Car loan banks in different regions are different. You can call 95588 and call the manual service to check your car loan bank information. This customer service line specializes in serving car loan processing, wealth card, wealth management gold card, platinum card and gold card customers. It has been opened in various regions across the country except Shanghai, Zhejiang and Guangdong. In addition, cardholders can also inquire about credit card matters through the ICBC integrated business customer service hotline 95588.

1. ICBC credit card car loan application process:

1. Customers choose their favorite car model, but the car model must be provided by an ICBC designated car dealer that participates in the ICBC credit card installment car purchase service , please refer to the specific optional models.

2. Submit a credit card installment car purchase application to ICBC or the designated car dealer (just submit the required materials);

3. ICBC reviews the customer's application for a credit card loan to purchase a car;

4. The customer pays the car down payment to the car dealer;

5. After passing the review, ICBC signs a loan, guarantee, etc. contract with the customer;

6 , ICBC issues loans, and the bank directly transfers the loan applied by the customer to the car dealer's account

7. You can pick up the car after handling car insurance and other services;

8. Every month Repay the loan to ICBC on time via credit card.

2. ICBC credit card car loan processing methods:

There are two ways to buy a car with ICBC credit card installment, namely direct customer type and indirect customer type. The direct customer method means that the applicant applies directly to ICBC for a personal credit card loan to buy a car and submits the corresponding information; the indirect customer method means that the applicant applies for a credit card loan to the car dealer to buy a car, and the dealer directly submits the customer information to ICBC. for approval.

3. ICBC car loan application materials

1. Valid identity documents of the borrower and his spouse, household registration certificate or valid residence certificate of the city where the loan bank is located, marriage status certificate or unmarried statement ;

2. Personal income certificate (personal tax certificate, salary certificate, average financial assets certificate at ICBC or other banks in the past 6 months);

3. First issue Bank deposit certificate of payment or relevant certificate issued by the dealer;

4. Car purchase contract or car purchase agreement;

5. Vehicle insurance contract, vehicle certificate (the purchased vehicle is domestically produced vehicle), imported motor vehicle inspection form and goods import certificate (the purchased vehicle is an imported vehicle), vehicle purchase invoice;

6. Loan guarantee related certification materials;

7. Proof of personal settlement account opened at ICBC;

8. Other information required by the bank.

This ends the introduction on how to buy a car with an ICBC credit card and whether there are points for buying car insurance with an ICBC credit card. Did you find the information you need?