1. Can I buy a car with a Bank of Communications credit card?

Yes, Bank of Communications credit card loan for car purchase refers to the installment payment that the cardholder applies to the bank after agreeing to pay the down payment. There are three types of installments: 12 months, 24 months and 36 months. After passing the review, you can go to the 4S store that cooperates with the Bank of Communications to choose your favorite car model.

Applying for a Bank of Communications car loan requires the following conditions:

A natural person with full civil capacity (including Hong Kong, Macao, Taiwan and overseas persons) and a fixed residence in the local area .

The age plus loan period shall not exceed 60 years old.

The applicant must be in good condition and have a legitimate occupation and a stable source of income.

In order to meet market demand, Bank of Communications has launched a credit card installment car purchase business - e-car loan. In Bank of Communications' loan car purchase business, there are four types of guarantees: mortgage, pledge, guarantee and credit. , or a combination of guarantees.

Among them, the mortgages are mainly houses, commercial houses and commercial and residential buildings. If housing is used as collateral, the maximum amount shall not exceed 70% of the value of the mortgage. If a house is used as collateral, the maximum credit limit shall not exceed 50% of the value of the collateral.

Pledges include time deposit certificates, certificated treasury bonds, savings treasury bonds, etc. For high-quality customers with stable income and good credit records, you can also apply for e-car loans using credit methods. The procedure is very simple, and it is the preferred car consumer loan product for middle- and high-income people.

: Credit card installment car purchase is a credit card installment business launched by banking institutions. The credit limit that cardholders can apply for is 20,000-200,000, depending on the situation of some banks; there are three types of installments: 12 months, 24 months, and 36 months.

There is no loan interest rate for credit installment car purchases. The bank only charges handling fees. The handling rates for different installments are different.

Scope of application:

Since the credit limit of general credit cards is limited, card-issuing banks generally require cardholders to provide proof of financial resources. Financial proofs recognized by banks include real estate certificates or commercial housing sales (pre-payment). Sales) contract and house purchase invoice. Some banks require the credit card itself to have an overdraft limit of 100,000 yuan to 200,000 yuan. Some banks allow cardholders with good credit to apply for a separate credit limit to purchase a car in installments.

Obviously, more and more banks across the country will launch credit card installment car purchase services in line with customer needs. Currently, there are China Construction Bank Dragon Card installment car purchase business, Bank of China "Car Loan Tong" business (only in Beijing area), China Merchants Bank "Car Purchase Easy" business, China Minsheng Bank "Car Purchase Tong" business, and Industrial and Commercial Bank of China Peony Card installment car purchase business. , the installment car purchase business of some local city commercial banks, such as Hankou Bank, Ningbo Bank, etc.

However, each bank has its own threshold: China Merchants Bank requires a down payment of more than 30 yuan to be able to pay in installments, while ICBC said it can pay in full. Some banks offer zero handling fees for some models. In addition, the installment rates are different for different car models and different terms. Some banks only provide installment for designated car models.

Baidu Encyclopedia of Credit Card Installment Car Purchase

2. Can I get a loan to buy a car with the credit card I just applied for?

You can use a credit card to pay for a car in installments. However, there are certain restrictions on using a credit card to purchase a car. First, the vehicle purchased must cooperate with the card-issuing bank. For example: China Merchants Bank's credit card installment car purchase business generally requires a credit card that has been used for more than 3 months, a good repayment record, and a credit limit of more than 5,000 yuan before you can use the credit card car purchase installment business. New credit card holders can also apply for the installment car purchase service, but the general requirement is that civil servants, teachers, doctors, lawyers, accountants and other people can enjoy this service.