What are the requirements for an interest-free loan to buy a car? It used to be that you could only buy designated models

With the decline in car prices and the improvement of people's living standards, car loans have become popular, especially interest-free loans. Buying a car with a loan has received widespread attention in recent years. So what are the requirements for an interest-free loan to buy a car? Let me summarize it for you today.

1. Conditions for interest-free loans for car purchases

1. Natural persons with full capacity for civil conduct

2. Have local permanent residence or valid residence status, Have a fixed and detailed address

3. Have a legitimate occupation and a stable and reliable source of income, and have the ability to repay the principal and interest of the loan on time

4. Hold a contract signed with the dealer designated by the lender Purchase agreement or contract for a designated brand of car

5. Provide property mortgage, pledge or third-party guarantee recognized by the lender. The guarantor shall be an individual or unit recognized by the lender with the ability to compensate and bear joint and several liability.

6. If the car buyer is a husband and wife or a family member, they must be present together to apply. If one party is unable to attend for some reason, a power of attorney should be filled in and signed and sealed

7. Deposit the car purchase amount no less than the down payment amount in the bank designated by the lender

8. Fulfill other loan conditions stipulated by the lending bank

Provide ID card, Household register, marriage certificate, work certificate, income certificate, bank statements, credit record, 30% down payment certificate, car purchase contract

1. Choose a car model and apply for a loan: You can fill in the car consumer loan application form and credit rating at the bank Situation questionnaire and personal income certification materials

2. Approval by bank or financial company: The bank or financial company will review the applicant. If qualified, they will contact the applicant according to the contact information provided by the applicant.

3. Sign a contract: The applicant signs a loan contract, a guarantee contract and a mortgage contract with a bank or auto finance company, and at the same time handles mortgage registration, insurance and other procedures

4. Grant a loan: Auto finance companies or banks issue loans

5. Pick up the car: Bring the required certificates to pick up the car

The above is an introduction to the relevant information about interest-free loans for car purchases. Those who want to buy a car Friends must understand clearly in advance.

What are the conditions for an interest-free loan to buy a car?

As the name suggests, the interest-free loan to buy a car means setting the interest on the loan to zero, and you only need to repay the principal part of the bank. However, interest is the profit point of these lending financial institutions. Of course, its handling is conditional and cannot be handled casually. Car loan conditions: no discount on car price, long operation process, relatively long time to pick up the car, etc. More importantly, some so-called zero interest rates also require handling fees, which generally require the car owner to pay 3 to 9 percent of the loan amount. Loan targets: One category is people with stable jobs and high incomes who want to buy a car but cannot pay the full amount. This group of people are mainly young buyers under the age of 30. Because they have short working hours and limited savings, interest-free loan car purchase methods are very popular among these people; the other group are consumers who are better at financial management. Article 13 of the "General Principles of Loans" Determination of loan interest rates: The lender shall determine the interest rate of each loan in accordance with the upper and lower limits of loan interest rates stipulated by the People's Bank of China, and specify it in the loan contract.

What procedures are required to buy a car with an interest-free loan?

As urbanization becomes more and more popular, buying a car has become the primary consideration for many people. But for those low-income groups and some car lovers, buying a car is just an unattainable dream for them. Of course, some people think of taking out a loan to buy a car, but the high interest rates have become a big problem for them. ditch.

When it comes to the interest-free loan car purchase plan on the market, buying a car and high interest rates are no longer a problem. As soon as the interest-free loan car purchase plan comes out, the entire car loan market is booming, attracting countless consumers. , and what procedures are required to buy a car with an interest-free loan has become the most concerned issue among young and fashionable people when buying a car.

The procedures for applying for an interest-free loan to buy a car are very similar to those of ordinary loans. The procedures required to buy a car with an interest-free loan mainly include the following aspects:

1. The main procedures for buying a car with an interest-free loan :

1. Valid personal identity document;

2. Household registration certificate or long-term residence certificate (proof of residence can include water, electricity, telephone bills, etc.);

3. Proof of personal income, and if necessary, proof of family income or property;

4. Proof of employment at the current employer.

2. Secondary procedures for interest-free loan to buy a car:

1. Marriage certificate and spouse’s ID card (if you are unmarried, you do not need to provide your spouse’s information and marriage certificate, but if you are divorced, you need to provide a divorce certificate. certificate or divorce agreement)

2. Car purchase agreement, contract or letter of intent to purchase a car signed with the dealer (both new and second-hand cars can be issued);

3. Interest-free loan purchase Necessary conditions for a car

Buying a car with an interest-free loan is not only a matter of showing the formalities, but the lender also needs to review the applicant’s property status, income, occupation, credit record, and even the industry and Educational qualifications and other factors are used to determine the borrower's interest-free loan qualifications. The main review scope is as follows:

1. The individual taking the loan must have a stable career and economic income that is sufficient to repay the principal and interest of the loan on time;

2. The individual has good social credit.

What are the requirements for an interest-free loan? What are the methods to buy a car with an interest-free loan?

The conditions required for an interest-free loan to buy a car are similar to the conditions for a general loan to buy a car. As long as the borrower has a stable job and economic income, can repay the principal and interest of the loan on time, and has good personal social credit. Apply. At the same time, interest-free loans to buy a car also require the lender to pay a down payment for the car. However, interest-free car loans must be tied to car models. Only models that meet the rules can get interest-free car loans.

What are the ways to buy a car with interest-free loans? The following focuses on the zero down payment and interest-free loans to buy a car under the three types of loans: credit card installment, car company finance company loan and bank loan.

1. Auto finance company loans

In recent years, auto finance is being regarded by auto companies as a magic weapon to rescue the sluggish auto market. Some time ago, some auto finance companies even offered zero-down-payment, interest-free loans to buy cars. Some car companies without financial companies also actively approached banks to cooperate with various preferential loan businesses. The trend of zero-down-payment, interest-free loans to buy cars continues to be popular. However, if you enjoy zero down payment and interest-free loan to buy a car, car buyers generally cannot enjoy the dealer's car price discount.

2. Credit card installment car purchase

The credit card installment car purchase service that has emerged in recent years is an auto finance service jointly developed by card-issuing banks and automobile companies. Depending on the product, its loan The maximum amount can reach 200,000 yuan, which can be repaid in 12, 18, or 24 installments. Generally, there is no interest, and only a handling fee accounting for the installment amount is charged. Some promotional products even waive the handling fee. The bare car price of a credit card installment car purchase is generally based on the actual quotation in the mall, and does not need to be based on the company's guide price. Some products with zero handling fee are actually equivalent to the car dealer paying the handling fee, so there is no discount at all in the car purchase price, and the purchase must be based on the manufacturer's guide price. Car buyers should weigh carefully when purchasing.

3. Bank personal car loan

This is a guaranteed loan provided by the bank and the car seller to provide the funds required for the one-time payment of the car payment to the car buyer, and jointly with insurance and notarization organizations to provide Car buyer provides insurance and notarization. The car loans of major banks basically follow two lines: one line is direct-to-customer car loans. Customers who want to borrow money to buy a car can directly contact the bank branch and go to the bank to handle the related loan business. The other line is cooperation with 4S stores. Customers buy cars at the 4S store. If the customer needs a loan, the 4S store will directly introduce it to the cooperating bank. Direct-to-customer car loans are more complicated in terms of procedures, but the fees are lower.

This is the end of the introduction about what are the conditions for an interest-free loan to buy a car and what are the fees for an interest-free loan to buy a car. I wonder if you found the information you need?