Analysis of this article: Which Shanghai Pudong Development Bank credit cards can buy cars?
In addition to online consumption, bank credit cards can also provide cardholders with functions such as cash withdrawals, installments, and car purchases with credit cards. Many cardholders will choose to use their cards to purchase cars when their credit card limit reaches a certain level. Which Shanghai Pudong Development Bank credit cards can be used to buy cars? Let’s find out together!
Which Shanghai Pudong Development Bank credit cards can be used to buy cars?
Originally, Shanghai Pudong Development Credit Card cannot be used to purchase cars. If the cardholder has this need, he needs to apply for a credit card loan at Shanghai Pudong Development Bank and then purchase a car.
For example, Pudong Development Bank Universal Gold is one of the products that Pudong Development Cardholders can use to purchase cars. Cardholders are required to have a Pudong Development Bank credit card and have a stable income and job. Students are not allowed to apply. The minimum loan amount is one thousand yuan, and the maximum loan amount can be three hundred thousand yuan.
There is also Puyin Diandai, which is also an unsecured and unsecured credit loan product of Shanghai Pudong Development Bank. Applicants must have mortgage loans, agency financing, financial management and other financial transactions with Shanghai Pudong Development Bank, and also need to hold a Pudong Development Bank credit card. The maximum loan amount is 300,000 yuan, and the maximum installment time is 1 year.
After deciding to use a Shanghai Pudong Development Credit Card to purchase a car, the cardholder needs to select a car model at a car dealer that cooperates with Shanghai Pudong Development Bank, and then apply for a car purchase with a credit card to Shanghai Pudong Development Bank through the car dealer. . Or directly log in to the official website of Shanghai Pudong Development Bank Credit Card, click on car installment in installment financing, and scan the QR code on the page to apply.
The installment fee for car purchase with Pudong Development Credit Card loan is not much different from the installment fee for cash withdrawal with Pudong Development Credit Card. Borrowers can make certain reference.
The above is the sharing of relevant content about "Which Shanghai Pudong Development Bank credit cards can buy a car?" I hope it can help everyone!
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 dual-use 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, and 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 response to 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 30% of the remaining car payment before installment, 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 for Credit Card Installment Car Purchase
Which bank is the best for credit card loan to buy a car? Eight major credit card installment car loan competition
1. Bank of China’s “Car Loans”
Bank of China provides car loans of up to 80% for domestic cars, and the maximum loan amount for imported cars can reach the price of the car. 70%; there are three options for installment period: 12, 24 and 36 installments. For different car models, Bank of China has set different installment car purchase fee rates. The minimum handling fee rates for 12-, 24-, and 36-month installment purchases are 4%, 7%, and 10%. In addition, some models can receive a first-year handling fee exemption.
It is worth mentioning that according to the characteristics of credit cards, Bank of China's "Che Dai Tong" business also arranges an interest-free period plan for each monthly repayment plan, which can last up to 50 to 56 days. When car buyers encounter pressure when repaying their loans, they can use the interest-free period to postpone their loan repayments.
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ICBC Peony Credit Card car purchase installment payment has many advantages: more favorable installment car purchase fees than peers; 30% car down payment, up to 1 million yuan; independent choice of loan period of 1-3 years; extensive cooperation car dealer; no occupation restrictions, no household registration restrictions; no need to mortgage real estate; no guarantee fees, no deposits, and no management fees.
Peony Card car purchase installment payment procedures are simple and the rates are low. First, it provides one-stop service, and the entire transaction can be completed in as fast as 3-5 working days. Second, you can repay through any ICBC outlet. Telephone banking and online banking transfers and remittances are more convenient. Third, you can choose different repayment terms based on your own repayment ability, with the minimum being one year (12 periods) and the maximum being 3 years (36 periods). Fourth, if you choose the ICBC Peony Card car purchase installment service, you can also enjoy preferential rates.
The monthly repayment amount for car installments purchased with the China Construction Bank Dragon Card will be included in your statement. You only need to repay according to the amount listed on the statement. The repayment method is the same as general consumer repayment. Business details:
(1) China Construction Bank provides 12 installments (one year) and 24 installments (two years) for car purchase installments.
(2) The installment amount range for car purchase is 20,000-200,000 (the installment amount range is different according to different models. For details, please click on the "Cooperating Models" column or consult). China Construction Bank will decide whether to pass the approval and the approved amount based on the cardholder's credit record and consumption behavior.
(3) The minimum down payment ratio is 30% of the net car price (the down payment ratio varies according to different models. For details, please click on the "Cooperating Models" column or consult), and the down payment must be in cash or Pay by debit card.
(4) Cardholder handling fee = installment amount × cardholder handling rate (the handling fee will be included in the first monthly bill after the installment purchase).
(5) Cardholders who apply for Longka car purchase installment payment need to insure the total vehicle theft and vehicle loss insurance. The insurance period is consistent with the installment period, and the first beneficiary of the insurance is the car owner himself.
(6) If the installment amount is not divisible by the number of repayment periods, the system will automatically round up the repayment amount of each period.
Guidelines for Long Card Installment Car Purchase
4. China Merchants Bank’s “Easy Car Purchase”
“Easy Car Purchase” refers to China Merchants Bank’s “Easy Car Purchase” based on the credit card holder’s credit standing. Increase the installment limit of his credit card to meet the cardholder's needs for installment purchases of designated brand cars at designated dealers. Cardholders only need to bear a certain handling fee to repay the car purchase amount in monthly installments, which is a new car loan model that fully reduces the repayment pressure.
Business details:
1. The total installment amount of Chegouyi business ranges from 30,000 yuan to 200,000 yuan (according to different models, the installment amount range is different, please consult the local dealer for details), cardholders can Select the total installment amount (must be an integral multiple of 5,000) within your installment limit (you must call to inquire). The limit is determined by your credit card limit, credit status and credit card usage.
2. The minimum down payment ratio for car purchase is 30% of the car purchase price (the down payment ratio will be different according to different models, please consult for details), and the down payment amount must be paid by non-China Merchants Bank credit card payment method.
3. The Chegouyi service provides 12 (monthly) and 24 (monthly) installment services. The handling fee for 12 (monthly) installments is 7%. The handling fee for one (monthly) installment is 7%. The total handling fee = the total installment amount one).
4. Three types of insurance must be purchased to participate in the car purchase business: 1. Theft and rescue insurance (the full price of the car is insured); 2. Third-party liability insurance (not less than 200,000); 3. Car insurance Loss insurance (insured amount × 80% = installment amount), and the number of insurance periods cannot be less than the number of installments.
5. The first beneficiary of the insurance is the Credit Card Center of China Merchants Bank Co., Ltd. When the insurance compensation amount is not more than 5,000 yuan, the insurance company can directly pay the cardholder without authorization from China Merchants Bank.
6. If the total installment amount is not divisible by the number of repayment periods, our system will automatically round and split the repayment amount of each period, and the total repayment amount will remain unchanged.
7. The specific purchase price of the vehicle shall be determined directly by the cardholder at the designated dealer store in accordance with the normal car purchase process.
China Merchants Bank Credit Card Car Loan Cooperation Models
5. Minsheng Bank’s “Car Purchase Pass”
Minsheng Bank’s “Car Purchase Pass” car loan’ car loan is one of Minsheng Bank’s An installment car purchase service provided by credit card holders. The convenient car loan method can help cardholders save a lot of trouble.
The total installment amount range of the car purchase service is: 20,000-600,000 yuan, the minimum down payment ratio is 30% of the car purchase price, and 12 (monthly) and 24 (monthly) installments are provided Payment Services. Cardholders can choose a suitable car loan plan based on their actual situation.
6. Bank of Ningbo's "Love Home Installment"
Bank of Ningbo offers credit card installment business for some car brands - Bank of Ningbo Love Home Installment. According to reports, consumers who purchase cars through Ningbo Bank’s credit card installment business do not need to pay interest, as long as they pay a certain handling fee on schedule.
Aijia Installment" handling fee details: 6, 12, 18, 24, 30, and 36 installments are: Home installments are only available to cardholders who hold intermediate and senior positions in Fortune 500 companies.
7. Guangfa Bank Credit Card Car Loans
Guangfa Bank Credit Card Car Loans. It is a credit card installment business of China Guangfa Bank. The most significant advantage of buying a car with a Guangfa Bank credit card is that the cost is lower, and the credit card installment has a greater advantage.
The credit limit that cardholders can apply for is 20,000-. 200,000; there are three types of installments: 12 months, 24 months, and 36 months; there is no expected annual loan interest rate for credit installment car purchases. China Guangfa Bank only charges handling fees, and the handling rates for different installments are different.
8. Bank of Communications’ “e-Car Loan”
The Bank of Communications’ credit card “e-Car Loan” product has optimized the process according to the needs of car buyers. Car buyers can apply to the Bank of Communications in advance when selecting the target car model. The bank applies for a loan line, and after approval, the bank will grant the car buyer a credit line available within a certain period of time. After signing the car purchase contract, the car buyer can self-issue the loan in real time, swipe the card at the 4S store designated by the Bank of Communications, and complete the car purchase procedures and full payment. They are exactly the same, no need to wait.
Eight major credit card installment car loan competition
The front is a detailed introduction to the credit card car loans of the eight major banks. Which of these credit card car loans is better? You may not be able to make an accurate judgment. I believe everyone will understand at a glance through the comparison of some data below.
1. Comparison of rates
Except for China Merchants Bank and Bank of Ningbo, which clearly stipulate the number of phases and handling rates, other banks’ installment car purchase business has the number of phases, handling fees, and expected years. The interest rate and other fees are determined according to the car model.
2. Comparison of various data
Can I get a loan to buy a car with a Bank of Communications credit card?
Q: Can Bank of Communications credit cards be used for car loans?
Answer: Yes, Bank of Communications’ “e-Car Loan” provides consumers with a way to consume cars. Civil liability, you can apply for a car loan without having a bad credit record.
The relevant procedures for Bank of Communications credit card car loans are as follows:
(1) Personal housing loan application form;
(2) Proof of identity of the borrower and spouse (resident status certificate, passport, household register, etc.), marriage certificate;
(3) Vehicle purchase and sale contract or agreement;
(4) Vehicle down payment certificate;
(5) Documents proving the borrower's repayment ability (such as income certificate, salary slip, personal tax bill, other assets, etc.);
(6) Ownership certificate of the loan mortgage guarantee, with the person with the right to dispose of the loan Proof of agreeing to the mortgage;
(7) Other supporting documents or information required by the lender.
That’s it for the introduction of which credit cards can be used to finance cars.