Second, after examination, the bank thinks that the materials are true and reliable, agrees with the applicant's loan requirements, and informs the applicant to sign a loan contract and go through the relevant mortgage registration procedures.
Third, after all the formalities are completed, the bank will issue loans. Require the applicant to repay the loan on time every month.
Measures for the Administration of Automobile Loans Article 9 A borrower applying for an individual automobile loan shall meet the following conditions: (1) Hong Kong, Macao and Taiwan residents and foreigners who have People's Republic of China (PRC) (hereinafter referred to as "People's Republic of China (PRC)") citizenship or have lived in People's Republic of China (PRC) for more than 1 year (inclusive); (2) Having a valid identity document, a fixed detailed address and full capacity for civil conduct; (3) Personal legal assets with stable legal income or sufficient to repay the loan principal and interest; (4) Personal credit is good; (5) Having the ability to pay the down payment stipulated in these Measures; (6) Other conditions required by the lender. Article 10 When granting a personal car loan, the lender shall comprehensively consider the following factors to determine the loan conditions such as loan amount, term, interest rate and repayment method: (1) the lender's credit rating to the borrower; (2) loan guarantee; (three) the performance and use of the purchased car; (four) the development of the automobile industry and the supply and demand of the automobile market.