What are the requirements for a credit card loan to buy a car? Understand the process of credit card loan to buy a car in one second

Buying a car is the pursuit of many young people, but the actual financial ability does not allow it, so credit card Taking out a loan to buy a car gives them hope. More and more people have credit cards. What are the requirements for a credit loan to buy a car, and what is the car purchase process?

Conditions for a credit card loan to buy a car

The threshold for a credit card loan to buy a car is lower than that of a bank loan, and the review is quick. Anyone with a stable income and good personal credit can easily apply. Some people apply for a credit card specifically to buy a car. So, what are the conditions for a credit card loan to buy a car? Let’s take a look at it in detail:

1. The applicant must be 18-60 years old and have full civil rights. A natural person with legal capacity;

2. The applicant must be a Chinese national or an overseas person who meets the conditions for card application without guarantee, and meet the stability conditions required for card issuance;

3. Application The person must have a stable job or source of income, and the ability to repay the principal and interest of the loan on time;

4. No bad credit record, no cash-out or long-term credit, high use of revolving lines, and no excessive debt.

Credit Card Loan Car Buying Process

If you meet the above conditions for credit card loan to buy a car, you can start the car buying process after applying for a credit card.

1. After the cardholder selects the car he wants to buy, the dealer will confirm whether the car model is within the purchase range of the credit card loan;

2. The cardholder calls Submit a credit card installment application to the bank, including the installment amount and number of installments;

3. Bank staff will review the application submitted by the borrower;

4. If approved, the loan will be processed The person signs the loan agreement;

5. The bank transfers the money to the car dealer's account;

6. The cardholder handles the car mortgage registration and other procedures;

The above is an introduction to the conditions and process of buying a car with a credit card loan. If you have the need to buy a car and want to buy it with a credit card loan, then introduce the credit card application channel, where you can find what you want to apply for. For any credit card, banks generally have corresponding discounts for credit card loans to buy cars. Friends who want to enjoy the discounts must understand it clearly.

How to get a loan to buy a car with a CCB credit card? How to apply

Credit card loan is a very good function. Many investors use this function to circulate funds and invest in financial management. How to get a loan with CCB credit card? Can I get a loan to buy a car? How to do it? Is it easy to pass?

First of all, most credit cards are mainly for consumption, not for loans. Credit cards are just a tool to help you successfully obtain a loan. CCB’s credit cards do not provide loan functions, but there are There are two large-amount installment businesses similar to loans, one is car purchase installment and the other is housing installment. For both of these businesses, CCB transfers an additional amount of money to your credit card limit, which is used to buy a car or renovate a house, and then repays it to the credit card in installments. However, this money can only be paid at the dedicated installment POS of merchants that CCB cooperates with. It can be used by swiping the card on board, which cannot be used by ordinary POS machines.

CCB Long Card loan car purchase process

China Construction Bank has many types of credit cards, but if you want to apply for a credit card loan to buy a car, CCB Long Card is definitely a good choice.

1. Users with Dragon Cards can go to 4S stores that have a cooperative relationship with China Construction Bank and choose their favorite car models. It is worth noting that credit card loan car purchases are often restricted in car models, and car buyers need to choose among designated car models.

2. Submit a credit card car purchase application, and submit your CCB Long Card, ID card, and employment certificate or real estate certificate to the car dealer.

3. The dealer submits the user application to CCB. If approved, the relevant car purchase procedures can be completed within three working days.

4. The car buyer pays the down payment, applies for vehicle insurance, and the dealer submits it to the handling bank.

5. After 2 working days, you can go to the dealer to swipe your card to pick up the car.

You must also know these characteristics of the credit card loan car buying process

Buying a car with a loan has become the first choice for most car buyers. Even if they have enough money to pay the full price, people still It is better to keep the cash in your own hands and use it for other investments. More people may be familiar with bank loans, but credit card loans actually have many advantages. Today we will learn about the process and characteristics of credit card loans to buy a car.

Credit Card Loan Car Purchase Flowchart

1. First choose the car of your choice, and make sure that the selected car meets the application conditions of the credit card issuing bank;

2. The cardholder submits a credit card installment application to the bank over the phone, such as China Merchants Bank’s car installment business, and submits relevant information;

3. Bank staff will review the application submitted by the borrower;

4. After passing the review, sign a loan agreement with the borrower;

5. The bank transfers the money to the car dealer's account;

6. The cardholder handles Car mortgage registration and other procedures;

7. The borrower will hand over the down payment to the car dealer, and go through the car pick-up procedures with the car pick-up note issued by the bank, and the cardholder will pick up the car for use.

Characteristics of credit card loan to buy a car

1. The application threshold for credit card loan to buy a car is relatively low, you only need to have a credit card;

2. Credit card loan to buy a car There is no interest on cars, but each bank will have corresponding handling fee standards;

3. In terms of credit limit, credit card loans to buy cars are relatively lower than bank loans;

4. There are restrictions on the selected car model, but banks generally have preferential policies for car purchases with credit cards;

The above is an introduction to the process and features of credit card loans for car purchases. If you have a car you want to buy, you might as well click on the credit card application. Check out which credit card offers installment car purchase discounts!

How to apply for a CCB credit card car loan

1. ① The customer first selects a car at the dealer, test drives it, and negotiates with the dealer to determine the purchase price;

2.②Present Longka credit card and ID card, and fill in the car purchase installment application form;

3.③The dealer submits the customer's application information to CCB;

4.④ After the application is approved, the customer goes to the dealer to pay the down payment and go through relevant procedures;

Car loan refers to a loan granted 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.

Baseline Interest Rate

According to the regulations of the Central Bank, car loans implement the loan benchmark 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.

How to calculate the car loan interest rate

The formula for calculating the monthly car loan payment: A=P(1i)[(1i)^n-1]/n^2/i

A: Monthly payment

P: Total payment amount

i: Monthly interest rate (annual interest/12)

n: Payment amount Total number of months of loan (year × 12)

Loan interest rate

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. Generally, Customers with excellent conditions can enjoy the base interest rate or an increase of about 10%, while ordinary customers need an increase of about 10% from the base interest rate.

The latest bank loan interest rate in 2013: 10-15% higher than the benchmark

Personal loan car purchase business is divided into three types: direct customer loan, indirect customer loan, 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.

For direct bank car loans, the fees collected are deposit, principal and interest, 3 guarantee fees, etc. The fees for high-quality bank customers will be discounted, but each bank's preferential policies are different.

In addition to paying the above fees, a car loan from a Jianke Auto Finance Company also needs to pay regulatory fees, fleet management fees, and warranty renewal deposits

The other is a credit card car loan. Credit card installment car 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.

What should I do if I pay in installments with a credit card to buy a car? What is the process?

Nowadays, many banks offer credit card installment payment services for car purchases. Compared with purchasing a car from a 4S store, the cost will be lower. I suggest that friends who want to buy a car, if they have a credit card, may wish to choose this option. This way, today I will briefly introduce how to use credit card installment payment to buy a car.

Warm reminder: Car models purchased with credit card installments do not include second-hand cars and business cars.

1. Credit card installment car purchase process:

1. It must be a special dealer designated by the bank. Consumers should check the official website of the bank before buying a car and choose a car. For the make and model, call the dealer or go directly to the dealer to fill out the application as required.

2. To make an appointment online, it is best to call in advance to communicate with the staff of China Merchants Bank and check whether there is loan qualification and amount;

3. Wait for the bank staff to assist with the process and prepare Relevant information (ID card, credit card, employment certificate or real estate certificate, etc.);

4. Submit relevant information to the bank and wait for review;

5. After passing the review, pay the down payment After applying for insurance, you can wait for the loan to be released and you can pick up the car.

2. Basic conditions for buying a car by credit card installment payment

The conditions that need to be met to buy a car using a credit card are very simple, because consumers who hold a credit card have already passed the bank’s third It is reviewed together, so as long as the credit card is used normally and has no bad credit record (overdue, frozen, suspected of cashing out), etc., it is relatively easy to apply.

1. Persons in mainland China;

2. Natural persons with full capacity for civil conduct;

3. Aged between 18-60 years old;

Can I still apply for a credit card if I already have a loan to buy a car?

You can still apply for a credit card if you have a loan, unless your loan has used up your credit limit, or your loan has a history of overdue It affects your credit score. Generally speaking, a loan helps the bank understand your credit status, making it easier to apply for a credit card. To apply for a credit card, just submit the application form and card application materials:

1. The basic application information is proof of identity, such as resident ID card, military ID, passport, etc.

2. Proof of income is also required, including salary cards or bankbook records for the last three consecutive months.

3. It is best to have proof of residence, such as any bill such as water, electricity, gas and phone bills in the past month. The bill must be in the applicant's name.

4. Some other relevant certificates can help increase the limit, such as household registration book, real estate certificate, driving license, academic certificate, professional certificate, etc.