The total expense rates of one-year, two-year and three-year car loans of China Construction Bank are 4%, 8% and 12% respectively; The total interest rates of ICBC and BOC's car loans for two and three years are exactly the same as those of CCB, which are 8% and 12%, while ICBC's one-year term is slightly higher, which is 5%. The total interest rate of ABC's one-year car loan is also 5%, and the total interest rate of two-year car loan is between 8% and 1%. According to different customer qualifications, the interest rate is different, and the three-year car loan is 12%.

2. Shanghai: Some banks need a Shanghai license to apply for car loans

ICBC must have a license plate. The total interest rate of car loans for one year, two years and three years is 3.91%, 7.62% and 11.28%, respectively, and the corresponding annualized loan interest rates are 7.2%, 7.3% and 7.3%.

The car loans offered by Agricultural Bank of China, Bank of China and China Construction Bank depend on the vehicle model, personal credit, qualification and credit card, and the lowest annualized interest rate of car loans will not be lower than the benchmark interest rate of loans.

3. Shenzhen: ICBC and ABC have their own interest rate advantages

The total interest rates of CCB for one year, two years and three years are 4%, 8% and 12% respectively. At present, ICBC's total interest rates for one-year, two-year and three-year car loans to high-quality customers are 3.58%, 7.5% and 1.43% respectively. Among them, one-year and two-year car loans are the lowest among the four major banks in Shenzhen, so investors are advised to choose ICBC as the first choice for one-year or two-year car loans.

The three-year car loan offered by Agricultural Bank of China is the most favorable, with a total interest rate of only 9.5%. However, the requirements are relatively high, and you must have real estate to handle it. For qualified individuals, Shenzhen's three-year car loan is the first choice. Bank of China's interest rate policy is in the middle, with 2-year and 3-year premium customer car loan interest rates of 7.5% and 1.5% respectively.