The application scope of the credit card installment purchase process is as follows:
1. After you are optimistic about the vehicle to be purchased, fill in the Application Form for Automobile Consumption Loan and the Credit Status Questionnaire, and submit them to the loan bank together with the relevant certificates of personal situation.
2. The bank conducts pre-loan investigation and approval. If the loan conditions are met, the bank will promptly notify the borrower to fill in various forms.
3. Notify the borrower to sign the loan contract, guarantee contract and mortgage contract, and go through the mortgage registration and insurance procedures.
4. The bank issues loans (the bank transfers money directly to the car dealer's account).
5. The borrower pays the down payment to the car dealer, and handles the car pick-up formalities with the passbook and the car pick-up note issued by the bank.
Scope of application of credit card installment car purchase
Due to the limited credit limit of general credit cards, the issuing bank will generally require the cardholder to provide proof of financial resources. The sources of funds recognized by the bank include real estate license or commercial housing sale (pre-sale) contract, purchase invoice, etc. Some banks require a credit card overdraft limit of 654.38 million to 200,000 yuan, and some banks allow cardholders with good credit to apply for credit lines to buy cars in installments.
Obviously, more and more banks will launch credit card installment car purchase business nationwide with the needs of customers. At present, there are China Construction Bank's Longka installment car purchase business, China Bank's car loan service, China Merchants Bank's car purchase service, Minsheng Bank's car purchase service, China Industrial and Commercial Bank's peony card installment car purchase service, and some local city commercial banks' installment car purchase services, such as Hankou Bank and Bank of Ningbo.
However, each bank has its own threshold: China Merchants Bank has to pay more than 30% down payment before it can be phased, while ICBC says it can be phased in full. Some banks can also get zero handling fees for some models. In addition, different models have different installment rates in different periods, and some banks only have designated models for installment.
2. Can I borrow money directly to buy a car with CCB credit card?
All credit cards of CCB can be handled, and only customers of Longka can handle them.
When the customer buys a car, the price of the car is determined at the designated dealer, and then the installment payment form is filled in. Dealers submit customer application materials to CCB to pay down payment, handle insurance and other related procedures, and pay the final payment by credit card after receiving the dealer's notice to pick up the car.
The loan amount provided by Longka is less than 200,000 yuan; Service fee: 3.6% for 12 and 24.