Nowadays, many people have the conditions to buy a car, but the pressure of one-time payment is relatively high, so they can choose to repay by installments. Now many banks have car loan services. Which bank is better? Which bank is more cost-effective? Take a brief inventory of a few familiar ones.
1, Ping An Bank
A bank has car loan service, and the amount of a single loan is as high as 500,000 yuan. The down payment requirement is low, and you can apply for a loan as long as you can pay 20%. After completing the mortgage loan, you can realize rapid lending within one day.
2. China Merchants Bank
China Merchants Bank can provide the lender with a loan of up to 2 million yuan, but the repayment period shall not exceed five years. After calculation, the monthly repayment amount is relatively high. The down payment ratio is at least 20%, and the loan can be completed within one day at the earliest. If the personal salary conditions are better, the approval amount will be higher.
3. Bank of China
As one of the four major state-owned banks, China Bank has a loan term of no more than three years, five years for high-quality customers, a down payment ratio of over 40% for general customers and a minimum down payment of 30% for high-quality customers. Ordinary customers are not lower than the benchmark interest rate, and the interest rate of high-quality customers is not lower than 10%, which is higher than other banks. Only high-quality customers can enjoy some rights and interests.
4. China Construction Bank
The purchased vehicle is a self-use vehicle, and the longest loan period is no more than 5 years; The purchased vehicle is a commercial vehicle with a loan term of no more than 3 years; Minimum down payment of 20%; As for the loan interest rate, it shall be implemented in accordance with the loan rules stipulated by CCB.
In short, bank loans are very cost-effective, and other banks have similar car loans. You can choose freely according to your own conditions and requirements. It is more cost-effective to give priority to state-owned banks.
What bank's credit card can lend money to buy a car? Share three credit card car loan products
Go to the bank to apply for a car loan, one is to apply directly, and the other is to apply for a credit card loan to buy a car in installments. If the borrower holds a credit card of a bank, the possibility of handling a car loan will increase a lot. What bank's credit card can lend money to buy a car? Share three credit card car loan products with you!
What bank's credit card can lend money to buy a car?
1, China Construction Bank Longka Car Loan
CCB Longka Car Loan is a car installment loan product, which can only be applied by users who hold CCB Longka. The borrower first needs to go to the dealer to choose a car, then determine the car price with the dealer and prepare the car loan contract. Then, the borrower takes the dragon card, ID card and other materials to the bank to fill out the application form for car purchase by installment.
After about 5 working days, you will receive the approval notice from CCB. Wait patiently for about 3 days, and CCB can lend money. After that, the borrower can take the dragon card to the 4S store to pay the final payment. CCB Longka car loan is essentially a car loan product, which does not conflict with the credit card quota.
2. China Merchants Bank is easy to buy a car
China Merchants Bank Car Purchase Easy is a credit card loan installment car purchase product under China Merchants Bank. Before applying for China Merchants Bank to buy a car, the borrower needs to prepare at least 30% down payment ratio. After the loan application is successful, the borrower needs to buy auto insurance in the bank, and the vehicle is mortgaged to the bank before the repayment is completed.
3. China Agricultural Bank Kajie Loan
There is no specific requirement for borrowers to hold ABC credit cards, but if they hold credit cards, the pass rate will increase. Agricultural Bank of China's Kajie loan has a maximum loan amount of 3 million yuan, which belongs to mortgage loan and can be used for car purchase, with the longest installment of 5 years.
The above is the related content sharing of "What bank's credit card can borrow money to buy a car", hoping to help everyone!
Which bank has the lowest car loan interest rate?
Car loan interest is related to many factors and can be selected according to the following. If the car loan time is less than 1 year, China Bank is the first choice, followed by China Construction Bank and Ping An Bank; Generally speaking, Ping An Bank has the lowest car loan interest rate, which can be given priority.
Among several banks, the highest car loan interest rate is China Construction Bank; China Bank's car loan conditions are strict, so it is not necessarily the first choice.
The car loan interest rates of different banks are different, and generally fluctuate according to the benchmark interest rate of central bank loans. The benchmark interest rate is as follows: the loan interest rate is 4.35% within one year, 4.75% within one to five years, and 4.90% for more than five years.
Calculation formula: car loan interest = loan amount, annual interest rate term, and banks also need to combine personal credit, bank/store preferential activities, down payment ratio, etc. Therefore, it is necessary to determine which bank car loan is the most cost-effective according to the actual situation of the owner.
For example, what is the 3-year interest on a car loan of 654.38+ 10,000 yuan? Mr. Li applied for a car loan of 654.38 million yuan in a bank and chose to pay it off in three years. The approved loan interest rate is 4.75%. According to the above formula for calculating the car loan interest rate, it can be concluded that the final car loan interest rate is100000x4.75% x3 =1422.
The process of bank loan to buy a car is as follows.
1. After the car buyer selects the vehicle to be purchased, he prepares relevant materials and applies for a car loan from the loan bank; 2. The loan bank conducts examination and investigation according to the submitted application materials; 3. After approval, the borrower signs a loan contract with the loan bank; 4. The borrower shall go to the local vehicle management office for mortgage registration; 5. The loan bank issues the loan, and the borrower takes the relevant certificate to the dealer to pick up the car.
This concludes the introduction of which bank to borrow money from to buy a car and which bank to borrow money from to buy a car. I wonder if you have found the information you need?