Can I get a car loan if I have an unpaid credit card?

I can get a mortgage loan to buy a car if I have an unpaid credit card.

Car loan process:

1. Car buyers go to bank branches for consultation, and the branches recommend to users special dealers that have signed a "Second-hand Car Consumer Loan Cooperation Agreement" with the bank. .

2. Go to the dealer to select the second-hand car you want to buy, sign a car purchase agreement with the dealer, and specify the model, quantity, color, etc.

3. Go to a bank outlet to apply for a loan. The necessary materials for applying for a loan at a bank outlet include: personal loan application, valid ID, proof of occupation and income, basic family situation, car purchase agreement, guarantee certificate Required supporting documents and other conditions stipulated by the lender.

4. The bank will review the user's credit standing. The bank will notify the car purchase borrower within fifteen working days after the loan application is accepted, and sign a "Second-hand Car Consumption Loan Contract" with the borrower who meets the loan conditions.

5. Sign a loan and guarantee contract. If the applicant meets the loan conditions, the bank will sign a loan contract and related guarantee contracts with the applicant.

Extended information:

Things to pay attention to when buying a car in installments:

1. The threshold for applying for a financial car loan is low

When applying for a car loan from a commercial bank, the documents required and the review process are very strict, even demanding. Credit card loans for car purchases only provide installment payments to bank credit card users, and it is not 100% possible. It also requires a simple review process, and this "simple" is only for cardholders with long-term excellent credit records. The threshold for auto finance companies is relatively low, and many brands have relatively simple screening of loan consumers.

2. The loan limit of credit card and car loans is small

Compared with auto finance companies and commercial banks, credit card and car loans have more restrictions on the loan amount. Not only is the down payment higher, but the total loan amount is also limited. Auto finance loans or commercial bank loans have lower down payments, and the monthly payment pressure is obviously less than credit card car loans.

3. Credit card loan interest rates require handling fees

Credit card car loans do not charge interest, but the two-year handling fees are not much less than the loan interest rates of ordinary banks. Fortunately, banks will launch fee-free promotions from time to time, so if you want to buy a car with a credit card, you have to watch the opportunity. The interest rates for loans from auto finance companies are obviously higher, but many brands have also launched interest-free discounts. However, this is based on the fact that the car price cannot be negotiated. Therefore, the discounts received by consumers are not large. Car loans from commercial banks are strictly based on national interest rates, and there are no interest rate discounts at all.

4. Loan term finance and bank car loan terms are long

The maximum loan term of credit card car loans is 2 years, compared with the maximum loan term of 5 years by auto finance companies and commercial banks. Some are less. This puts great pressure on monthly repayments for consumers with lower incomes.