Is it troublesome to lose your car loan card? Is there any solution?
Many people choose to take out a loan when buying a car, and now the bank’s car loan business is also doing quite well. Both the interest rate and the loan amount are relatively well received by users. A friend asked me whether it would be troublesome if I lost my car loan card when I was still paying off my car loan? What should I do if I lose my car loan card?
Is it troublesome to lose your car loan card? It is still troublesome to lose your car loan card, because generally when the loan repayment date comes, the system will automatically deduct the monthly payment amount from the bank card, even if the repayment is successful. If the car loan card is lost, the bank system will not be able to successfully debit the loan, and the loan will be considered overdue after the repayment date, which will affect the car buyer's credit record. If a borrower finds that his car loan card is missing, he should go to the bank immediately to report the loss, make an appointment to replace the card, and then explain the situation to the bank to see if the monthly car loan payment for that month can be postponed for a few days, or directly Make early repayments at bank outlets to avoid overdue records. When applying for card replacement, the lender must bring the original ID card, a copy of the ID card, a copy of the new repayment card, etc. to a bank branch to replace the card. You can also choose to go to a car dealer to re-apply. Generally, car dealers have a dedicated team responsible for these matters. The lender can just hand over the required information to the car dealer. If the lender needs to change the bank card for car loan repayment, the borrower needs to bring his or her ID card to the lending bank to apply for changing the debit account number. However, it should be noted that the new debit bank card must also be a card of the bank. In addition to changing the repayment card, you can also add or change the second debit account, etc. This type of business generally requires you to go to a bank branch to handle it. The above is the answer to the related question "Is it troublesome to lose your car loan card?" I hope it can help everyone! What should I do if I lose the bank card used to pay off my car loan?
Processing method:
The borrower goes to the bank to apply for a new card with his or her ID card;
The borrower goes to the car purchaser with the new card and ID card (temporary ID card) The dealer signs a complete set of authorization procedures for the new card;
The documents are sent to the lending institution;
The lending institution reviews the information and submits it to the bank.
Bank card functions:
Transfer payment function. After spending money in designated shopping malls and restaurants, cardholders can pay for their purchases by bank card transfer without the need for cash payments, which reduces cash flow and saves social labor.
Saving function. Cardholders can make deposits and withdrawals at the savings outlets designated by the card-issuing bank. Since it is not restricted by deposit and withdrawal locations or savings institutions, it is more convenient and safer to use than a savings passbook.
Exchange function. Cardholders can use the card to go through deposit procedures at off-site online banks and remit it back to the local cardholder's account; when using the card, they can use the card to go through withdrawal procedures at member banks in various places, or use the card to transfer funds to other places.
Consumer loan function. A credit card allows the cardholder to overdraw within a specified credit limit. What should I do if I lose my car loan bank card?
If you lose your car loan bank card, you can go to the lending bank to apply for a replacement. And if you lose it, be sure not to repay it overdue, otherwise penalty interest will be incurred and overdue records will be uploaded to Credit reporting center. It is also very fast to apply for a new bank card at the bank, as long as you show the relevant documents.
If an individual does not have time to re-apply, he or she can ensure the loan is repaid on time by transferring money to the card. You can go to the bank counter to transfer or go through online banking. You can also use a third-party payment platform to transfer and repay the loan. , if the individual does not know the card number, he can call the bank to inquire.
After applying for a car loan, you can repay it in advance if you have spare money. Repaying it in advance can save interest. However, it is best to read the contract in detail before repaying it in advance to know the relevant provisions of early repayment. , some contracts stipulate that early repayment of loan deposits is non-refundable.
When applying for a car loan at a 4S store, you generally need to purchase car insurance from designated institutions. These institutions need to pay higher premiums for car insurance than elsewhere. If you add the handling fees, it is very uneconomical to buy a car with a loan. Therefore, it is usually recommended that you do not buy a car with a loan and try to buy the car with the full payment.
What should I do if I lose the bank card used to pay off my car loan?
You must follow these steps:
1. Call the customer service of your bank to report the loss and freeze the account to prevent bank card funds from being stolen.
2. If it is confirmed that it cannot be retrieved, bring relevant documents to the bank where the account was opened to apply for a new bank card to avoid overdue repayment of the car loan and affect personal credit.
3. Try to ask for a replacement bank card with the old card number. If it is a new card number, you need to go to the dealer to sign the relevant procedures to avoid affecting the repayment.
A car loan refers to a loan issued by a lender to a borrower who applies to purchase a car. Car consumption loans are a new loan method that banks issue RMB-guaranteed loans to car buyers who purchase cars at their authorized dealers. The interest rate of automobile consumer loans refers to the ratio of the loan amount to the principal issued by the bank to consumers, that is, borrowers, for the purchase of personal cars (non-profit family cars or commercial vehicles with 7 seats or less). The higher the interest rate, the greater the repayment amount the consumer will have to pay.
The term of automobile consumer loans is generally 1-3 years, with a maximum of no more than 5 years. Among them, the loan period (including extension) of second-hand car loans shall not exceed 3 years, and the loan period of dealer car loans shall not exceed 1 year.
According to the regulations of the Central Bank, car loans are subject to the benchmark loan interest rate, but each financial institution can float within a certain range above and below the benchmark interest rate. The car loan period of major banks generally does not exceed 5 years. The interest rate of car loans directly determines the cost of people's loans, and thus becomes an important factor in deciding whether people take loans for consumption.
The formula for calculating the monthly car loan payment: A=P(1 i)[(1 i)^n-1]/n^2/i.
A: Monthly payment
P: Total payment amount
i: Monthly interest rate (annual interest/12)
n : The total number of months of payment (year × 12)
The actual interest rate of the car loan is determined by the bank based on the actual situation of the customer and with reference to the loan benchmark interest rate stipulated by the central bank. Customers with excellent general conditions can enjoy the benchmark The interest rate may go down by about 10%, while ordinary customers need to go up by about 10% based on the base interest rate.
Personal loan car purchase business is divided into three types: direct customer type, indirect customer type, and credit card car loan.
The direct customer type is generally a bank car loan where the customer meets directly for the loan, and the indirect customer type is generally a car finance company car loan where the auto finance company transfers the customer to the customer.
In addition to paying the above fees, Jianke Auto Finance Company's car loan also needs to pay supervision fees, fleet management fees, and warranty renewal deposits;
Credit card car loans, credit card installment car purchases The loan only provides installment payment to bank credit card users. It cannot be applied for under any conditions. There is also an review process. It is difficult for credit card users with bad credit records to apply.