Hangzhou: a car loan rates by credit card installment cheaper

At the end of June this year, the "money" speculation over there. Although there have been eased, but the bank liquidity stress on credit influence has spread to the auto market. Search money network recently from a number of banks in Hangzhou city to understand, the car loan business interest rates in the benchmark interest rate on the basis of broke surface 40% - 50%, and bank borrowers a higher qualification requirements, the basic need to purchase a car to provide real estate certificate, insurance certificate and other materials. At the same time, there are a lot of bank credit card installment purchase a car in force business, compared with the ordinary bank car loan, the latter for the relatively low threshold, but also more "first rate".

A traditional car loan interest rates high

"In general, need to be local accounts, but also a proof of real estate, more than a year of social security proof of payment, but the interest rate (compared to the benchmark interest rate to float at least 45%)." The banks of the borrowers a higher qualification requirements, and the interest rate is higher than a bit.

"Different types of interest rate is not the same, and our cooperation in different 4S shop rates are not the same, amount and interest rate but also lends followed your personal situation has a direct relationship. In your case, if you need to buy 290000 yuan of the Volkswagen Tiguan, highest can lend 200000 yuan, with three years as an example, the annual interest rate is 8.92%, which is 45% above the benchmark." Search money network of experts to the loan to buy a total of 290000 yuan early Volkswagen Tiguan by consulting a number of banks in Hangzhou, Ping An Bank branch in Hangzhou car loan center staff made the above answer.

Other bank car loan money to search the net, also is the basic need of immovable property, the maximum loan amount does not exceed the total price of 70%, interest rates for the benchmark floating 40% - 50%.

Two credit card installment purchase a car more cost-effective

Compared with the traditional business loan way high threshold, high interest rates, money net search expert advice, credit card installment purchase a car business may be the better choice.

"Credit card installment purchase a car only collect fees, do not charge interest, if three years of repayment, the minimum is 9.5% of the fees, is allocated to each monthly payment; if two years of repayment, the minimum is 6.5% fee." Related working personnel bank credit department said.

At present the bank for a car loan has two channels, one is the traditional business credit channel, interest is high, higher threshold, but the approval process is very complicated, a lap down may take months, while another channel is the credit card installment purchase a car, at lower cost, process more simple and convenient. And, according to de 360 experts, many banks haven't done the traditional business loans, since the end of last year the car loan list are to credit card channel.

Credit card installment purchase a car purchase a car is subjected to the favor, relatively low cost is one of the biggest reasons. In the loan of 200000 yuan three years of repayment for example, in the benchmark interest rate broke surface 45%, three years down the line, the traditional business loans have to pay interest of about 29000 yuan, but if the choice credit card installment, with 9.5% of the fee calculation, three years down the fee for a total of 19000 yuan, the whole save ten thousand yuan, which for most consumers, is not a lot of money.

However, search money net loan consultant reminded the purchase a car, staging procedures banks fees vary, purchase a car makers may wish to consult some banks, to make the right choices in comparing rates, service etc after. Of course, the most simple, also can log in directly into money site searchWww.souqian.comQuery.