What problems should I pay attention to when applying for a car loan? Although the individual car loan policies of major banks are different, there are also some differences. When applying for a personal car loan from a bank, you should pay attention to the following matters: pay attention to credit review, collect loan documents, make clear the loan amount, and pay attention to repayment methods.
1. Pay attention to the credit review.
It should be noted that when considering the borrower's repayment ability, the bank will comprehensively consider the borrower's real estate status, income, occupation, credit history, and even industry and education, so as to judge the borrower's loan qualification. In addition to paying attention to the real estate license, the borrower's occupation and income are all important criteria.
2. Collect loan documents.
Generally, to apply for a personal car loan from a bank, the borrower needs to prepare identity documents (ID card, household registration book or residence certificate), marriage certificate and valid income certificate (tax bill, salary slip, salary passbook, etc.). ) or other valid proof of income sources (funds, stocks, other monetary income, etc.). ). If a family applies for a personal car loan from a bank, it should also submit the identity certificate of the borrower's spouse to the bank.
3. Define the loan amount
Generally speaking, with personal credit or joint liability guarantee, the maximum loan can be 200 thousand yuan; Apply for mortgage with the purchased vehicle or real estate, and the loanable amount is 70%; If a third party applies for secured loans (except banks and insurance companies), the loanable amount is 60%.
4. Pay attention to the repayment method
Banks generally provide two repayment methods for users who apply for personal car loans: equal principal and interest and average principal. Among them, the total amount of interest paid by equal principal and interest is larger, but the repayment amount in each period is the same, and the repayment pressure is more balanced; The repayment amount of each period in the average capital is gradually decreasing. Although the total amount of interest expenditure is less than the equal amount of principal and interest, the amount of repayment in the early stage is large, so think twice about whether it can bear it.
What should I pay attention to when buying a car with a loan?
Answer the precautions for buying a car with a loan: First, we should choose a professional and formal lending institution to handle installment loans. Secondly, you should choose the loan amateur and repayment plan according to your actual work situation and income level. Secondly, we should pay attention to the installment loan to repay on time. According to Article 11 of the Interim Measures for Personal Loans, the application for personal loans shall meet the following conditions: (1) The borrower is a People's Republic of China (PRC) citizen with full capacity for civil conduct or an overseas natural person who meets the relevant provisions of the state; (2) The purpose of the loan is clear and legal; (3) The amount, duration and currency of the loan application are reasonable; (4) The borrower has the willingness and ability to repay; (5) The borrower's credit status is good and there is no significant bad credit record; (6) Other conditions required by the lender.
What should I pay attention to when buying a car with a loan?
With the change of people's consumption concept, it is not uncommon to borrow money to buy a car. Many people borrow money to buy a car, but in the process of borrowing money to buy a car, there are some things to pay attention to. Next, let's tell you what you need to pay attention to.
First, it is best to negotiate a termination agreement.
In the process of automobile mortgage, car buyers may encounter unsuccessful approval or delayed loan issuance. If you want to cancel the subscription at this time, some dealers refuse to refund the deposit, and it is best for buyers and sellers to negotiate in advance.
Second, beware of secondary mortgage.
This kind of problem is rare, but it still happens from time to time. Car buyers need to be alert to the loan fraud caused by dealers' second mortgage on their cars. Therefore, it is recommended that car buyers find a reliable dealer loan to buy a car and check all procedures and contracts.
Third, insurance is much more expensive.
Buying a car with a loan usually requires full insurance during the repayment period, and you can't buy it yourself. You need to buy it through a car dealer, so there is almost no discount. And if the loan is three years, you need to buy three-year insurance at the designated insurance company at one time.
These small details are what everyone should pay attention to when choosing a loan to buy a car. If you think about it, you can borrow money to buy a car!
What are the precautions for buying a car with a loan
With the development of economy, it has become a trend to buy a car by loan. However, there are still many friends who are ready to buy a car with a loan, and they still don't know much about the precautions for buying a car with a loan. Buying a car with a loan requires stable high-income support first. Individuals or families with a monthly income of less than 6,000 yuan are not suitable for loans to buy a car. Secondly, we should carefully consider preferential measures such as zero down payment in accordance with the regulations of commercial banks. So what should we pay attention to? Today, the wealth management network will take you to understand.
1. First, we need stable high-income support. Individuals or families with a monthly income of less than 6,000 yuan are not suitable for loans to buy a car. Because after buying a car with a loan, in addition to repaying the principal and interest of the loan on a monthly basis, you also need to spend money, parking fees, maintenance fees, road and bridge fees, road maintenance fees, insurance fees and other car maintenance expenses, with an average of 2,500-4,000 yuan per month. In this way, if there is no stable high income, it will be difficult to maintain the high monthly expenses, so that it will be unable to make ends meet or support. If a family has a mortgage, it is necessary to rationally weigh income and expenditure to avoid the impact of impulsive consumption on the economic situation and quality of life.
2. According to the regulations of commercial banks, the lender shall deposit the principal and interest repaid by installments in the settlement account in advance. If the borrower fails to repay the principal and interest on time, the bank will require the borrower to pay a certain amount of overdue fine, and will take measures such as detaining, recovering the mortgaged vehicle and investigating the guarantor's responsibility according to the specific situation. In addition, banks will give borrowers bad credit records, and borrowers with bad records will find it difficult to apply for loans in the future, and even be jointly "blocked" by banks.
3. Preferential measures such as zero down payment should be carefully considered, because in the market, some second-hand car sellers and loan intermediaries implement preferential policies such as completely interest-free in order to attract consumers to buy. These offers look very favorable, but in fact, most of them are based on raising car prices and increasing agency fees. Therefore, don't let your rights and interests be damaged because you are greedy for small profits. Legal auto loan procedures should be handled by commercial banks or regular auto financing agency companies that comply with the Measures for the Administration of Auto Financing Companies.
4. Finally, it is necessary to remind everyone in the precautions for buying a car with a loan that the owner can consider repaying in advance if his financial ability allows. People will choose longer-term car loans to ease the pressure of repaying principal and interest, but this will increase interest and total repayment. During the repayment period, if the income may increase, so that the borrower has the economic ability to repay in advance during the repayment period, then you can consider paying off part or all of the principal of the remaining loan. This will reduce interest accordingly.
This is the end of the introduction of matters needing attention and procedures for car loan. I wonder if you found the information you need from it?