The advantages of buying a car with a credit card loan are fast, simple and low threshold. Credit card loan procedures are relatively simple, and the audit is much lower than that of banks. Many credit card products have an interest-free period, so car buyers will repay their monthly bills in full and on time, so there is no need to pay interest. However, it should be reminded at this time that the interest-free period and the handling fee are two different charges. When handling the installment, although the bank does not charge interest, it will charge a certain fee. The handling fee varies according to the number of bills, and the interest rates and collection methods of banks are also different. In addition to the handling fee, the down payment of credit card loans to buy a car is generally higher than that of banks. Credit cards are generally 30~40%. In banks, it is generally 30%, and it can be as low as 20% for high-quality customers with good reputation and stable income. Secondly, if you buy a car by credit card, the credit card limit cannot exceed the credit card limit. Generally speaking, the overdraft limit of a credit card is within 5W, and the maximum overdraft limit does not exceed 20W.
Why do banks handle credit cards for customers who borrow money to buy cars?
In order to complete the credit card task, it is a bundled business for banks to handle credit cards for customers. This service is free. There is no charge if you don't use it or activate it. \ r \ n \ r \ Auto loan refers to the loan granted by the lender to the borrower who applies for buying a car, also called automobile mortgage. \ r \ Loan target: The borrower must be a permanent resident of the place where the loan bank is located and have full capacity for civil conduct. \ r \ Loan conditions: The borrower has a stable job, the ability to repay the loan principal and interest, and good credit; Can provide recognized assets as collateral or pledge, or a third person with sufficient compensatory ability as a guarantor to repay the principal and interest of the loan and bear joint liability. \ r \ Loan amount: The maximum loan amount generally does not exceed 80% of the selling price of the purchased car. \r\n Loan term: The loan term for general automobile consumption is 1-3 years, with a maximum of 5 years. \ r \ Loan interest rate: uniformly stipulated by the People's Bank of China. \ r \ Repayment method: One-time repayment of principal and interest and installment repayment (equal principal and interest, equal capital) can be selected. \ r \ The auto financing or guarantee company, as a third party that repays the loan principal and interest as a guarantor and assumes joint and several liabilities, has sufficient compensation capacity.
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!
What are the conditions for buying a car with a credit card loan? I understand the process of buying a car with a credit card loan for one second.
Buying a car is the pursuit of many young people, but the actual economic ability does not allow it, so credit card loans give them hope. More and more people have credit cards. What are the conditions for buying a car with a credit loan and what is the process of buying a car?
Conditions for buying a car with a credit card loan
Credit card loans to buy a car are lower than bank loans, and the review is faster. If you have a stable income and good personal credit, you can apply easily. Some people have special credit cards to buy cars. So, what conditions do you need to buy a car with a credit card loan? Let's take a closer look:
1. The applicant must be a natural person aged 18-60 with full civil capacity;
2. The applicant must be a China citizen or an overseas person who meets the conditions for issuing unsecured cards, and meet the stability conditions required for issuing cards;
3. The applicant must have a stable source of work or income and the ability to repay the principal and interest of the loan on schedule;
4. No bad credit record, no cash or multi-head credit, and no excessive debt.
Credit card loan car purchase process
If you meet the above conditions for buying a car with a credit card loan, you can start the process of buying a car with a good credit card.
1. After the cardholder chooses to buy a car, the dealer will confirm whether the car is within the scope of credit card loan;
2. The cardholder applies to the bank for credit card installment by telephone, including installment amount and installment times;
3, bank staff to review the borrower's application;
4. After approval, sign a loan agreement with the borrower;
5. The bank transfers the money to the car dealer's account;
6. The cardholder shall go through the formalities of automobile mortgage registration;
The above is the introduction of the conditions and process of buying a car with a credit card loan. If you need to buy a car and want to buy it with a credit card loan, then introduce the credit card processing channels, where you can find any credit card you want to apply for. Generally, banks will have corresponding preferential activities when they buy a car with a credit card loan. Friends who want to enjoy the preferential treatment must know for themselves.
Can I get a credit card after I have borrowed money to buy a car?
You can still apply for a credit card if you have a loan, unless your loan runs out of your credit limit, or your loan has an overdue record that affects your credit information. Generally speaking, loans help banks to know your credit status, and it will be easier to apply for a credit card. To apply for a credit card, you can submit an application form and card-handling materials:
1. The basic application materials are identification, such as resident ID card, military ID card, passport, etc.
2, proof of income is also necessary, the last three consecutive months of salary card or passbook running records.
3. It is best to have proof of residence, such as any bills such as water, electricity, gas and telephone charges in the last month, which must be in the applicant's name.
4. Other relevant certificates are helpful to increase the quota, such as household registration book, real estate license, driver's license, academic certificate and professional certificate.