ICBC car loan credit card is a kind of credit card. The card used by ICBC for repayment is a credit card, but it cannot be used as a credit card. ICBC car loan card will issue car loan cards for car installment business handled by car dealers, guarantee companies, insurance companies and other channels. This card is usually only used to buy cars by stages, and has no other value-added functions. If you need a credit card, it is recommended to apply for an ICBC credit card separately. The car loan card business of each branch is slightly different. Please contact the loan bank if you need to go through the formalities of car loan card loan settlement or mortgage cancellation, misdeposit/mistransfer/guarantee fee withdrawal, loan or guarantee information inquiry, etc.
Automobile mortgage refers to loans issued by banks to borrowers who apply for car purchases in their own names to pay for the cars they buy. The repayment method is to repay the principal and interest by installments. The term of automobile mortgage is generally not more than 5 years.
Personal car loan application conditions:
1, aged between 18 (inclusive) and 60 (inclusive), has paid the down payment for the purchased vehicle;
2. If you are a foreigner or a resident of Hong Kong, Macao and Taiwan, you also need to provide a contact person at the place where the loan is applied, and you have lived in China for 1 year and have a fixed residence and occupation;
3. Providing pledge or mortgage or third-party guarantee;
4. Open a personal settlement account in our bank;
5. Other conditions stipulated by the lending bank.
pay by Installments
According to the credit status of credit card holders, banks will increase the installment quota of their credit cards to meet the needs of cardholders to buy designated brand cars during the disposal period of designated dealers. Cardholders can repay the car purchase money in monthly installments only by bearing a certain handling fee, which fully reduces the repayment pressure.
Handling fee: You don't need to pay bank loan interest to buy a car by installment with a credit card, but you have to bear a one-time handling fee. Handling fee = installment amount × cardholder's handling fee rate (the handling fee is included in the first month's bill after installment purchase), and the handling fee rate of each bank is different.
Loan Term: Generally, the longest term of car purchase by installment is 36 months.
Down payment: If you buy a car by credit card, you generally need to pay a down payment of not less than 30% of the car price.
Limit: The bank has regulations on the credit card installment loan amount. For example, CCB stipulates that the installment amount range of car purchase is 200,000-200,000.
China Industrial and Commercial Bank v5. 1.0.9.0.
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