Which bank car loan is more cost-effective
1, car loan from China Merchants Bank
Usually, the repayment period of car loan is three years, while the repayment period of China Merchants Bank is five years, which is relatively long, which can effectively alleviate the repayment pressure of borrowers. Not only that, China Merchants Bank's personal car loan amount can also reach a higher loan of 2 million. And guarantee fees, performance fees, etc. All free.
2. ICBC car loan
ICBC's car loan can reach up to 654.38+0.5 million yuan, and the loan interest is slightly lower than that of credit card installment, generally around 654.38+00%-654.38+05%. If you want to apply for automobile mortgage, the loan interest rate is generally around 5%- 10%.
3. Agricultural Bank auto loan
Agricultural Bank of China's car loan amount is generally around 6.5438+0 million yuan, and you can also choose to use a credit card to buy a car in installments. The car loan interest rate of Agricultural Bank is generally around 14%. If you apply for credit card installment, the annual interest rate of the loan is generally around 18%, which is consistent with the credit card installment fee.
4. China Construction Bank auto loan
The car loan interest rate of CCB has been relatively low. From the perspective of official website, the car loan interest rate of CCB has not exceeded three years, and the annual loan interest rate is generally around 5.3%. If the car loan time reaches 5 years, then the loan interest rate is about 5.4%- 10%.
5. China Everbright Bank Car Loan
The car loan of China Everbright Bank can provide you with a loan of up to 6.5438+0 million yuan, with a maximum term of five years. It is understood that the down payment ratio of fuel vehicles is 30%, and that of new energy vehicles is 20%. In addition, when the loan expires, the borrower is no more than 65 years old.
6. China CITIC Bank auto loan
The longest loan period of CITIC Bank's new car consumption loan is 5 years, and the minimum down payment is 20%. In addition, there are a large number of automobile brands with zero or ultra-low interest rates. After you apply for a loan through CITIC Bank official website, mobile banking, cooperative dealers and other channels, it will be approved within 2 working days.
Generally speaking, these banks still have obvious advantages in car loans. You can choose the right bank according to your actual situation.