Will the bank inform you when the car loan will be repaid?

Will there be a reminder when the last installment of the car loan is repaid?

Will there be a reminder when the last installment of the car loan is repaid?

After the car loan is paid off, the relevant lending institution will remind you, but it does not rule out that you missed it or did not receive the relevant notice for other reasons. As for SMS reminder, it depends on whether the loan customer has opened the SMS reminder function. If so, they will receive SMS notification after the loan is paid off.

The 4S shop didn't inform you when the car loan was paid off. Maybe the 4S shop just missed it, or the lender didn't notice the relevant notice information, so the lender had better remember his repayment situation and know when he paid off the loan, which would be relatively reliable.

Why is the repayment amount of the last installment of the car loan different?

The repayment amount of the last installment of the car loan is different, because the maturity date and repayment date of the loan are different, so the extra days need to be calculated on a daily basis, so the repayment amount of the last installment will be different. Moreover, whether the car loan is repaid with equal principal and interest or with equal principal, the repayment amount of the last installment will be different from the original calculation.

In addition to the reason that the loan maturity date and repayment date are different, the last repayment amount is different because of the relationship between the size of the month and the month.

How long does it usually take to receive the notice after the car loan is paid off?

After the car loan is repaid, it will be notified in a week or so. Banks will send text messages to inform users, and auto financing loans will send text messages to inform customers. For users, after the car loan is paid off, the lending institution will take the initiative to inform users. Even if the user doesn't know, the user can take the initiative to contact.

After paying off the car loan, you need to go to the vehicle management office to go through the mortgage cancellation procedures. The mortgage cancellation information provided is limited, and the user needs to complete the mortgage cancellation within the time limit.

Will the bank inform you when the car loan will be repaid?

There are usually SMS notifications, but it is best to pay attention to it yourself. When we repay the last loan, the first thing to do is for the bank to get back the relevant documents and let the bank issue a loan settlement certificate. But before you go, you'd better call the bank customer service to confirm whether you have paid off the loan. Take the loan settlement certificate given by the bank to the vehicle management office to get back our big green paper (motor vehicle registration certificate).

Car loan, commonly known as "car loan", is a major consumption form of modern car purchase. Refers to the loan that the lender gives the borrower to buy a car (including a used car), including personal car loan, dealer car loan and institutional car loan. The interest rate of auto loans shall be implemented in accordance with the loan interest rate regulations published by the People's Bank of China, and the methods of interest calculation and settlement shall be determined by both borrowers and borrowers through consultation. The loan term of auto loan (including extension) shall not exceed 5 years, of which the loan term of used car loan (including extension) shall not exceed 3 years, and the loan term of dealer auto loan shall not exceed 1 year. Lenders and borrowers should follow the principles of equality, voluntariness, honesty and trustworthiness. Banks also have two modes: automobile consumption loan and credit card installment repayment. Automobile consumption loan is the earliest financing method for car purchase. However, due to the complicated procedures, long cycle and high threshold, it needs personal assets and mortgage, and its status has gradually been replaced by the credit card installment payment model. The biggest advantage of the credit card car purchase model is that it does not need to pay interest, but most banks will charge a certain percentage of handling fees. In addition, this model requires a higher credit line for customers and requires consumers to pay a higher down payment ratio first.

Auto financing companies are mostly established by auto manufacturers and banks, which have the advantages of low threshold, convenience and speed. This kind of company has no rigid requirements for consumers' accounts and assets, and it can be completed in a few working days as long as it provides some corresponding credit references such as income certificates. Moreover, the down payment ratio is as low as 20%, and qi zhou is the beneficiary of this scheme. However, most of these enterprises are limited to a single automobile brand. The financial leasing mode, commonly known as "purchasing by rent" or "delivering property rights by long-term lease", is a transaction in which the lessee puts forward specific vehicle requirements to the lessor with financial leasing qualification, and the lessor buys the designated vehicle for the lessee, rents it to the lessee, and the lessee occupies and uses it during the lease period and pays rent to the lessor. After the lease expires, the lessee can obtain the property right of the vehicle.

Will the car loan be paid off by phone?

There are two kinds of auto loans, one is bank loans, and the other is auto financing company loans. After the bank's car loan is settled, it is generally not deliberately called to inform, unless it is overdue, there will be bank staff calling for payment. After the car loan of the auto financing company is paid off, the staff of the 4S shop will contact the owner, go through the mortgage cancellation procedures as soon as possible, and get back the car property certificate. Therefore, if you don't get a call after the car loan is settled, please ask the owner to contact the staff of the 4S shop.

legal ground

"Measures for the Administration of Automobile Loans" Chapter III Automobile Loans for Dealers. Article 13 The term "automobile loan for dealers" as mentioned in these Measures refers to the loan granted by the lender to automobile dealers for the purchase of vehicles and spare parts. Article 14 A borrower who applies for a car loan from a dealer shall meet the following conditions at the same time: (1) Having a Business License for Enterprise as a Legal Person issued by the administrative department for industry and commerce; (2) Having a certificate issued by the automobile manufacturer to sell cars as an agent; (3) The asset-liability ratio does not exceed 80%; (4) Having a stable legal income or legal assets sufficient to repay the principal and interest of the loan; (5) The dealers, senior managers of dealers and customers who accept loan applications as agents have no major breach of contract or bad credit records; (6) Other conditions required by the lender. Article 15 The lender shall establish an independent credit file for each dealer borrower and update it in time. The dealer's credit file shall contain the following contents: (1) the name, legal representative and business address of the dealer; (2) Copies of various business licenses; (3) the insurance, commercial credit and financial status of the distributor; (four) the model, price and use of the purchased cars and parts; (5) The loan guarantee status; (six) other information needed to prevent loan risks. Article 16 The loan amount of the lender to the dealer for purchasing vehicles and spare parts shall be based on the average inventory of the dealer for a period of time, and the specific period shall depend on the inventory turnover of the dealer. Article 17 The lender shall regularly check the dealer's credit by counting the inventory of vehicles and spare parts purchased by the dealer and analyzing the dealer's financial statements, and adjust the dealer's credit rating and inventory inspection frequency according to the review results.

Chapter V Risk Management: Article 22 The system of maximum loan ratio shall be implemented in granting auto loans, and the proportion of the amount of auto loans granted by lenders to the price of cars purchased by borrowers shall not exceed the requirement of maximum loan ratio; The requirements for the maximum loan payment ratio shall be stipulated separately by the People's Bank of China and the China Banking Regulatory Commission according to the actual situation of macro-economy and industry development. The car price mentioned in the preceding paragraph refers to the lower of the actual transaction price of the car (excluding government subsidies and various additional taxes and premiums) and the new car price announced by the automobile production enterprise, and the lower of the actual transaction price of the car (excluding government subsidies and various additional taxes and premiums) and the lender's evaluation price of the used car. Article 23 A lender shall establish a borrower's credit rating system, prudently use external credit rating, and determine the borrower's credit rating by combining internal rating with external rating. For individual borrowers, the credit rating should be determined according to their occupation, income status, repayment ability, credit record and other factors; For dealers and institutional borrowers, the credit rating should be determined according to the information reflected in their credit files, the credit status of senior managers, financial status, credit records and other factors. Article 24 When granting auto loans, the lender shall require the borrower to provide mortgage or other effective guarantee for the purchased car. Upon examination and evaluation by the lender, it is confirmed that the borrower has good credit and can really repay the loan, and no guarantee may be provided. Article 25 The lender shall directly or entrust a designated dealer to accept the application for auto loan, improve the separation system of loan examination, and strengthen the pre-loan examination and post-loan follow-up collection. Article 26 The lender shall establish a second-hand car market information database and a second-hand car residual value evaluation system. Article 27 The lender shall establish an auto loan classification monitoring system according to the loan amount, regional distribution of loans, financial status of borrowers, auto brand, mortgage guarantee and other factors. , and regularly check and evaluate different types of auto loan risks. According to the inspection and evaluation results, adjust the risk level of various auto loans in time. Twenty-eighth lenders should establish an early warning monitoring and analysis system for automobile loans and formulate early warning standards; After exceeding the early warning standard, measures such as reassessing the loan approval system should be taken. Article 29 A lender shall establish a system for classifying non-performing loans and a prudent loan loss reserve system, and draw corresponding risk reserves. Article 30 When granting mortgage loans, the lender shall carefully evaluate the value of the collateral, fully consider the impairment risk of the collateral, and set the upper limit of the mortgage rate. Article 31 The lender shall timely input the information related to auto loans into the basic database of financial credit information.

How soon will the bank inform you after the car loan is repaid?

I will inform you about a week after the car loan is paid off. 1. After the car loan is repaid, you will be notified in a week or so. Banks will send text messages to inform users, and auto financing loans will send text messages to inform customers. For users, after the car loan is paid off, the lending institution will take the initiative to inform users. Even if the user doesn't know, the user can take the initiative to contact. 2. After paying off the car loan, you need to go to the vehicle management office to go through the mortgage cancellation procedures. The information provided for mortgage cancellation is limited, and users need to complete the mortgage cancellation within the time limit. ：