The difference between a Mercedes-Benz financial loan and a bank loan

The main difference lies in its service objects, application process, interest rate and loan limit.

1. Service objects: Mercedes-Benz financial loans are mainly targeted at consumers who purchase Mercedes-Benz cars, while bank loans are suitable for a wider range of consumption scenarios, such as house purchase, decoration, travel, etc.

2. Application process: Mercedes-Benz financial loans are usually handled at authorized Mercedes-Benz dealers. The application process is relatively simple and the review speed is relatively fast. However, bank loans require going to a bank branch or online. To submit an application on the platform, you need to provide a lot of materials and information, and the approval time is relatively long.

3. Interest rate: The interest rate of Mercedes-Benz financial loans is relatively low, but it may be adjusted based on personal credit records, repayment ability and other factors, while the interest rates of bank loans are generally It is higher and sometimes affected by factors such as market interest rates.

4. Loan amount: The amount of a Mercedes-Benz financial loan is generally related to the car model and price purchased, and generally does not exceed 80% of the car price. The amount of a bank loan is relatively more flexible and can be based on the borrower's needs. Determined based on specific needs and credit status.

What information is needed for a Mercedes-Benz car loan?

1. Personal loan application form;

2. Valid identity certificates for myself and my spouse;

3. Proof of occupation, position and income of myself and my spouse;

4. Marriage certificate (if you are unmarried, you must provide a certificate of unmarried status, except those who have not reached the legal marriage age) and household registration book;

5. Original ID card, household register or other valid residence certificate, and provide a copy;

6. Car purchase agreement, contract or letter of intent to purchase a car signed with the dealer;

7 , Proof of deposit or down payment;

8. Supporting documents or materials required for guarantee; 9. Other documents required by the cooperative agency.

Extended information

Loan plan

1. Bank car loan: many models and flexible repayment time

Loan from Yinyin Rolling Bank Including direct customer type, that is, an individual takes the initiative to apply for a loan from the bank, which is a personal consumption loan; the other is the indirect customer type, that is, the car buyer chooses to apply for a loan from a bank that cooperates with the 4S store, generally through a special car purchase loan or a credit card installment loan.

2. Credit card installment car purchase: The procedure is simple and basically requires no guarantee. Nowadays, credit card installment car purchase has become one of the important channels for car loans. The most significant advantages of credit card car loans are fast approval and relatively simple procedures. If consumers use credit card loans to purchase cars, they only need to have a credit card that is valid and has a good credit record, provide their ID card and apply to the card-holding bank to purchase the car in installments.