it's a car loan credit card, with a general limit of one yuan. It can't be used for credit card consumption, and it is specially used for repayment. After the car loan is paid off, it needs to be cancelled. Please contact the car loan handling personnel for details.

car loan refers to the loan issued by the lender to the borrower who applies for buying a car. Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at their special dealers. The interest rate of automobile consumption loan refers to the ratio between the loan amount and the principal that the bank gives to consumers, that is, borrowers, to buy cars for their own use (non-profit-making family cars or commercial vehicles with less than 7 seats). The higher the interest rate, the greater the repayment amount of consumers.

Generally, the loan period for automobile consumption is 1-3 years, with a maximum of 5 years. Among them, the loan period of second-hand car loans (including extension) shall not exceed 3 years, and the loan period of dealer car loans shall not exceed 1 year.

benchmark interest rate

according to the regulations of the central bank, the benchmark interest rate for auto loans is implemented, but financial institutions can fluctuate within a certain range above and below the benchmark interest rate. The term of auto loans in major banks is generally less than five years, and the interest rate of auto loans directly determines the cost of people's loans, which has become an important factor in determining whether people make loans or not.

how to calculate the interest rate of car loan

the formula for calculating the monthly car loan payment is: a = p (1+I) [(1+I) n-1]/n 2/I

a: monthly contribution

P: total contribution

i: monthly interest rate (annual interest/.

personal loan car purchase business can be divided into direct, indirect and credit card car loans. The direct customer type is generally a bank car loan for customers to meet directly for loans, and the indirect customer type is generally a car loan for auto finance companies to transfer customers' car loans.

For direct bank car loans, the fees are deposit, principal and interest, 3% guarantee fee, etc., and the bank's premium customer fees will be discounted, but the preferential policies of each bank are different.

In addition to paying the above fees, the car loan of an individual car finance company also needs to bear the supervision fee, fleet management fee and warranty renewal deposit

There is also a credit card car loan. The credit card installment car loan only provides installment payment for bank credit card users, not all conditions can be handled, and there is also an audit procedure, so it is difficult for credit card users with bad credit records to handle it.

The specific steps of buying a car by credit card are roughly as follows:

1. The cardholder (or applicant) calls the credit card center of the bank or goes to the local bank to find out whether he can apply for a credit card car loan.

2. The cardholder holds his/her ID card and goes to the dealer to fill in the installment order for car purchase, which will be submitted to the background of the bank for review.

3. after the order is approved, the cardholder pays the down payment and goes through the normal car purchase procedures.

4. After the vehicle is licensed, the cardholder needs to go through the mortgage formalities with the bank and purchase the required auto insurance.

5. finally, we can drive our car away smoothly.