Auto loan

● loans and conditions

1, with full civil capacity of natural persons;

2, with local cities and towns permanent residence or a valid residency status, and a fixed address in detail;

3, there is a legitimate career and steady income, good credit, have the ability to repay the loan principal and interest;

4, held by auto dealers with the signing of an agreement to purchase the car or the contract;

5, had to pay no less than the amount of down payment to buy cars, and is willing to purchase the vehicle as collateral.



● term interest rates and limit

l, individual car consumption loans for the three-year period in general, a maximum of five years (including five years);

2, personal car loans interest rates implementation of the provisions of the People's Bank of China with the level of interest rates. In the period of the loan within a year, according to the interest at a rate of the contract, the case of statutory interest rates unchanged adjustment; loans in the period of one year or more, the case of statutory rate adjustment in the beginning of the year, according to the appropriate level of interest rates implementation of the new level of interest rates.

3, individual car consumption loans shall not exceed the ceiling of shall purchase 80% of the specific limits according to the actual situation and determine the nature of security.