Personal consumer auto loans

Product name

Personal consumer auto loans

Product description

Personal consumer auto loans is the borrower in the purchase of consumer car (not including the second-hand car) had to pay a certain proportion of the amount of down payment, the insufficient part by the bank to the issuing and paid directly to the car dealer's RMB loans.

One, the loan conditions

1, the natural person with full capacity for civil conduct;

2, personal identity to prove effective;

Capacity of 3, with a legitimate enough to repay the loan principal and interest;

4, a good personal credit;

5, hold the line managers approved purchase a car contract, agreement or letter of intent to purchase a car;

6, to provide individual or unit handling bank approved to / pledge or have sufficient capacity to compensate for providing third party liability is not irrevocable guarantee; or provide "China bank personal credit revolving loan interim management measures" customer access conditions of the corresponding data;

7, to pay the rules that limit the ability to purchase a car payment;

8, the other rules.

Two, the loan application

The application of personal consumer auto loans business required materials:

(a) loan application;

(two) identity card, residence booklet or other valid residence documents, and provide the copies of;

(three) occupation and income proof, including but not limited to, units issued proof of income, bank certificates of deposit, credit card bills, tax payment certificates;

(four) and purchase a car dealer signed agreement, contract or letter of intent to purchase a car;

(five) a certificate or document guarantee required, including arrival (quality) and bill of material and the disposition (including property owners), agreed to pledge collateral; the ownership or use right certificate, written appraisal issued by relevant authorities to prove (vehicle invoice price with the market published written valuation price do), agree with the insurance document; for the delivery of the Pledged Collateral or pledge right documents; the Guarantor agrees to perform joint responsibility guarantee contract, the related credit certification materials; or meet the credit requirements documents;

(six) the relevant proof has been paid the initial purchase a car;

(seven) other documents provided by the branch.

Three, the loan limit

General customer loan quota is not higher than the car prices 60%, provided by the customer guarantee principle is not higher than the car prices 70%; quality customer credit limit on the principle of not more than 70% of the price of the car.

Four, the loan period

General customer personal automobile consumption loan period should not be more than 3 years (including 3 years); quality customer personal automobile consumption loans for the longest period of not more than 5 years (including 5 years).

Five, the loan interest rate

According to the length of the loan period published by the people's Bank Chinese corresponding grade loan rates, the general customer loan interest rates benchmark interest rates, in principle shall not be less than the benchmark interest rate loans interest rates; quality by the provincial branch is approved, the appropriate benchmark interest rate to float downward in the foundation, lower ratio of no more than.

Six, the loan currency

Currently limited to rmb.

Seven, the loan guarantee

(a) the borrower is required to provide the enough value, effective guarantee, as reliable as the second source of repayment. Among them, the general customers must provide the following two kind of guarantee, customers can provide the following any kind of guarantee.

1, the purchase of vehicles as collateral

2, the third party (natural or legal person) is not irrevocable guarantee jointly and severally liable

3, in addition to the purchase of vehicles and property against / pledge

Other guarantee way 4, head office approval

(two) to meet the "Interim Measures for the administration" personal credit revolving line of credit China bank customers to access consumer car loan customers, can use credit loans.

(three) loan guarantee should be strictly in accordance with the "security law" and other relevant laws and regulations and the relevant provisions of the pledge to / management.

Eight, loan insurance

You should be based on the China bank requirements apply for mortgage insurance, the insurance period may be shorter than the loan period, the insured amount shall not be less than the loan principal and interest and. China banks enjoy policy priority, the insurance policy shall not have any loss Chinese bank rights restrictions. If you purchase the vehicle mortgage guarantee, Chinese bank will require you to pledge at least the insured vehicle damage insurance, pilfer.

During the period of insurance, you should not be interrupted or cancelled for any reason insurance; insurance interrupt, China bank has the right to insurance. Other than as insurance coverage for damage, you should notify the bank in time and carry out other security China.

Nine, the repayment of the loan

The monthly (quarterly) to repay the loan principal and interest repayment way, specific can take the matching interest repayment law and matching principal repayment law. For the duration of the loan within 1 years (including 1 years) quality customer can use expires one-time repayment of principal and interest for loans, the loan amount is not more than 60% of the price of the car.

Applicable objects

Citizens of the people's Republic of China has full capacity for civil conduct, or in the territory of the people's Republic of China live continuously for more than one year (including one year) residents of Hong Kong and Macao, and Taiwan and foreigners.