What is a car owner loan?

As the name implies, the owner's loan is a loan to the owner.

Owner's loan generally refers to automobile mortgage. At present, there are two common ways, bank mortgage and offline platform mortgage. In order to get the car mortgage more conveniently and quickly, more customers still choose the relevant car loan platform for related loans. Of course, the choice of car loan platform should consider the loan interest rate and service process.

If you know more about the owner's loan information, you can consult a more reliable local car mortgage platform.

The owner's loan application process is as follows:

1. Select loan product: owner's loan;

2. Calculate the loanable amount;

3. Fill in the information and apply online;

4. After submitting the application, wait for review;

5. Sign online after approval;

6. Finally, it entered the lending link.

Lenders generally need to meet the following conditions:

1. China citizens with permanent residence in China and permanent residence in local towns and 18-65 years old;

2. Abide by laws and regulations, and have no illegal acts and bad credit records;

3. Have a good occupation with a just and stable income and the ability to repay the principal and interest of the loan on schedule;

4. Other conditions stipulated by the bank.

Extended data

A simple understanding of a loan is to borrow money with interest.

Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds. Banks put concentrated money and monetary funds out through loans, which can meet the needs of social expansion and reproduction and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.

Flexible credit includes down payment, equal monthly payment and flexible balance payment in the last month. Pay off the final payment in one lump sum to reduce the monthly payment, and the final payment accounts for about 25% of the loan amount.

Features:

Compared with the traditional equal repayment method, the monthly payment is lower, and the borrower can reasonably control the funds. There are many ways to settle the balance, and you can apply for deferred repayment.

Product introduction:

Loan term: 2 to 48 months.

Down payment: 30% of the total car price.

Average monthly payment period: 1 1 to 47 months.

Flexible balance payment (new): 25% of the loan amount.

Treatment of the balance payment:

1, settle the elastic balance at one time and obtain the ownership of the car;

2. Re-apply for a second loan for the elastic balance, with a term of 12 to 48 months (the total loan term shall not exceed 60 months);

3. Replace the new car with the used car with the help of the car dealer.