How much is the interest rate for a 3-year car loan? < /p>

The interest rates may vary from bank to bank, but it’s probably about this amount.

Supplementary information:

1. Car loan interest = loan amount, loan interest rate, loan time, and the specific interest is calculated based on these three parameters.

2. For bank car mortgage loans, the largest loan cost is the loan interest.

3. Different banks and different loan interest rates are different. The base interest rate for three-year futures payments is 6.4%. The actual loan interest rate is usually higher than the base interest rate.

4. Most of them raise the base interest rate by 30 to 40%. Are there any other fees for a mortgage loan besides interest on the loan? It depends on the specific circumstances of the payment.

Extended information:

1. Car loan application conditions

(1) The car buyer must be over 18 years old and be a Chinese citizen with full capacity for civil conduct. citizen.

(2) Car buyers must have a relatively stable career and relatively stable economic income or have assets that are easily liquidated, so that they can repay the loan principal and interest on schedule. The easily liquidated assets here generally refer to securities, gold and silver products, etc.

(3) During the loan application period, the car buyer deposits the down payment for the car purchase lower than the bank's regulations in the account of the handling bank's savings counter.

(4) Provide the bank with a guarantee recognized by the bank. If the car buyer's personal account is not local, a joint liability guarantee should also be provided. The bank will not accept the mortgage set by the car buyer for the vehicle purchased with a loan.

(5) The car buyer is willing to accept other conditions deemed necessary by the bank.

Choose to buy a car through a bank loan. The loan interest rate is moderate and there are many types of cars to choose from. However, the actual process of applying for a loan takes time and effort. In order to control risks, banks usually take a long time to review and require applicants to submit a lot of information. If you want to apply without worrying about trouble, bank loans are a good choice;

As we all know, there is no interest fee for credit card installment, which is also the biggest advantage of buying a car through credit card installment. At the same time, credit card installment is convenient and fast, and can be done with just one phone call. Sometimes when banks cooperate with car dealerships, you can enjoy certain discounts.

2. Information required for car loan

1. Personal loan application form;

2. Valid identity certificate for myself and my spouse;

4. Marriage certificate (if you are unmarried, you must provide proof of unmarried status, except those who have not reached the legal age of marriage) and household registration book;

5. Original ID card, household registration booklet or other valid residence documents, and provide copies;

6. Car purchase agreement, contract or letter of intent to purchase a car signed with the dealer;

7. Proof that the down payment has been deposited or paid;

8. Certification documents or materials required for guarantee;

9. Other documents required by the cooperative agency.

The 3-year loan LPR interest rate

The 3-year loan LPR interest rate is 3.65%. According to relevant information, on August 22, the new loan market quotation rate (LPR) was released. On that day, the People's Bank of China authorized the National Interbank Funding Center to announce: the 1-year LPR was 3.65%, and the 5-year and above LPR was 4.3 %.

How to calculate the interest rate on a car loan?

If you want to calculate the interest rate of a car loan, you must first understand the concept of interest rate. In folk concepts, "one point" is converted into a decimal point, which is 0.01. "One centimeter" converted to a decimal point is 0.001. For monthly interest, one cent is 1% and one cent is 0.1%. If you want to ask how much the interest rate is on a car loan, you are actually asking what the monthly interest rate is on the car loan.

The interest calculation method for car loans is: loan amount loan interest rate at the time of loan. The bank's three-year loan annual interest rate benchmark is 4.35%, which generally fluctuates to a certain extent based on the borrower's personal comprehensive qualifications. The floating range is generally between 10% and 36%. Converted, the current general annual interest rate for bank car loans is between 4.7% and 5.9%.

According to the counterattack of 4S stores, the longer the borrower borrows, the higher the interest rate. Generally, the 1-year interest rate is around 3%, the 2-year interest rate is around 6%, 3 The annual interest rate is around 9%1. The installment interest rate of most 4S stores is generally between 4-7%, and the interest rate of bank car loans will be slightly lower.

If the borrower has good personal qualifications, it is recommended to apply for a loan at a bank. In order to attract consumers, many 4S stores will offer some installment services with zero down payment. However, in fact, such services often have a lot of bundled consumption, which may exceed the interest when calculated.

Extended information:

The car loan interest rate is the floating range stipulated by the lender based on the legal loan interest rate and the People's Bank of China. The interest rate on a specific car loan as stated in the contract.

According to the central bank's regulations, car loans are subject to the benchmark loan interest rate, but each financial institution can float within a certain range above and below the benchmark interest rate. The car loan period of major banks generally does not exceed 5 years. The interest rate of car loans from auto finance companies is generally higher than that of bank car loans. However, because the bank's car loan procedures are complicated and take too long, the current mainstream car loans are loans from auto finance companies.

Conditions for car loan application:

1. The car buyer must be over 18 years old and a Chinese citizen with full capacity for civil conduct;

2. Car buyers must have a relatively stable career and relatively stable economic income or have assets that are easily liquidated, so that they can repay the loan principal and interest on schedule. The easily liquidated assets here generally refer to securities, gold and silver products, etc.;

3. During the loan application period, the car buyer deposits a car purchase price lower than the bank's stipulated down payment in the account of the handling bank's savings counter. Period payment;

4. Provide the bank with a guarantee recognized by the bank. If the car buyer's personal account is not local, a joint liability guarantee should also be provided. The bank will not accept the mortgage set by the car buyer for the vehicle purchased with a loan; the car buyer is willing to accept other conditions proposed by the bank that it deems necessary.

Car loan handling fee:

For bank car mortgage loans, the largest loan cost is loan interest. Loan interest rates vary from bank to bank and for different terms. The three-year loan benchmark interest rate is 6.15%. The actual loan interest rate is usually higher than the benchmark interest rate, with the majority of the benchmark interest rates being 30 to 40% higher.

Instalment car purchase handling fee:

If you use a credit card to purchase a car in installments, there is no loan interest, but there will be an installment handling fee (except for a few designated car models that are free of handling fees) .

Different banks have different credit card installment fees. There are two ways to pay credit card installment fees: one-time payment and installment payment. Usually the total fee for 12 periods is more than 10%.

ERP interest rate for three-year loans

If it is a commercial loan, the benchmark interest rate for a three-year loan is 4.75%; if it is a provident fund loan, the benchmark interest rate for a three-year loan is 4.75%. The interest rate is 2.75%.

Starting from March 1, 2020, financial institutions should negotiate with existing floating rate loan customers on the pricing basis conversion terms, and convert the interest rate pricing method agreed in the original contract to LPR as the pricing basis plus points ( The added points can be negative), and the added points value is fixed during the remaining term of the contract; it can also be converted to a fixed interest rate.

The pricing basis can only be converted once, and cannot be converted again after conversion. Existing floating-rate loans that are in the last repricing cycle may not be converted. In principle, the conversion of existing floating rate loan pricing benchmarks should be completed before August 31, 2020.