How to calculate the vehicle loan period?

How many years can I borrow a car loan?

How many years can I borrow a car loan?

Generally speaking, the term of auto loan can be divided into 6 periods, 12 periods, 24 periods, 36 periods, 48 periods and 60 periods, of which the longest term will not exceed 60 periods, that is, 5 years. Therefore, judging from the current market situation, car loans can be loaned for up to five years.

However, the longer the loan time, the more interest consumers need to pay. Therefore, even if banks and financial institutions can provide five-year loan services, many people still choose the most conservative three-year and 36-year loan businesses under Yu 'ebao.

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How many years can I get a loan for buying a car?

The term of auto loan is generally 1-3 years, and the longest is no more than 5 years. The following is the introduction of auto loan: 1. Object of loan: The borrower must be a resident of the permanent residence where the loan bank is located and have full capacity for civil conduct. 2. Loan conditions: the borrower has a stable occupation, the ability to repay the principal and interest of the loan and good credit; A third party that can provide recognized assets as collateral or pledge or has sufficient compensatory capacity as a guarantor to repay the principal and interest of the loan and bear joint liability. 3. Loan amount: The maximum loan amount generally does not exceed 80% of the price of the purchased car. 4. Loan term: Generally, the loan term for automobile consumption is 1-3 years, with a maximum of 5 years. 5. Loan interest rate: uniformly stipulated by the People's Bank of China. 6. Repayment method: One-time repayment method and installment repayment method (equal principal and interest, equal capital) can be selected.

How many years is the maximum car loan?

How many years is the highest car loan?

The longest repayment period of car loan is five years. Under normal circumstances, most car loans issued by banks are controlled within 3 years.

To calculate the monthly repayment amount, in addition to the loan amount, you need to know the repayment method, annual interest rate and loan term.

Assuming equal repayment of principal and interest, the repayment period is 3 years, the benchmark annual interest rate for 1-3 years is 6. 15%, and the down payment for car purchase is 30% of the car price:

After a down payment of 60,000 yuan for a car of 200,000 yuan, the monthly payment of 6.5438+0.4 million yuan is 426,859 yuan;

180000 yuan car down payment 54000 yuan loan 126000 yuan. Monthly payment is 384 1.73 yuan (for reference).

You can also use a personal loan calculator to calculate: /...=dkjsq.

Car loans can last for a few years at most.

There are two ways to apply for a car loan: personal credit loan to buy a car (without mortgage or guarantee, you are generally required to have good credit and stable work income), or real estate mortgage loan to buy a car (using real estate as collateral). Personal credit loans to buy a car can generally be borrowed for 5 years, with a down payment of more than 30%. Generally, a car can be mortgaged for up to 5 years with a down payment of more than 30%. The interest rate mainly depends on your loan type and your personal qualifications to determine the loan conditions:

1. Have valid identification and full capacity for civil conduct;

2. Can provide a fixed and detailed address certificate;

3. Have a stable occupation and the ability to repay the loan principal and interest on schedule;

4. Personal social credit is good;

5. Holding a car purchase contract or agreement approved by the lender;

6. Other conditions stipulated by the Cooperation Organization.

Application materials:

1. Original ID card, household registration book or other valid proof of residence, and provide its copy;

2. Proof of occupation and economic income;

3 car purchase agreement, contract or letter of intent signed with the dealer;

4. Other documents required by the cooperation agency.

What is the longest term of personal car loan?

There are many terms of auto loans, generally 1 year, 2 years, 30 months, 3 years, 4 years and 5 years. However, if you want to borrow a car for more than three years, you must look at two points:

1. It depends on whether the purchased vehicle belongs to a brand with relatively high value. If it is BYD, MG, Roewe, Skoda, etc. The longest loan is 3 years, and other domestic brands will be 3 years. More than 3 years are generally joint venture brands, such as Volkswagen, GM, BMW and so on.

It depends on the personal qualification of the applicant, and it depends on the individual. If the top 500, civil servants, doctors, etc. They are all relatively easy, while private small enterprises and self-employed individuals are basically more difficult, but in the final analysis, it depends on personal qualifications.

Car loans can usually be repaid in a few years at the highest.

deadline

1 2 3 4 5 years

Bank loan benchmark interest rate: 1 year 6.31%; 2-year 6.4%; 3-year 6.4%; 4 years, 6.65%; 5-year 6.65%;

How many years is the maximum car loan?

Car loans are generally 3-5 years. If there is China Merchants Bank in your city, you can try to apply for a loan through China Merchants Bank. For the information such as the execution interest rate, amount, loan term and loan repayment method of your specific loan application, the handling bank needs to specially review your comprehensive information after you apply for a loan, and the loan can only be determined after it is approved.

Please dial 95555 at 8:30- 18:00, and select "2 manual service-"1"personal banking-"4 "personal loan business to enter the manual service to provide loan purpose and city details.

How many years can a car be mortgaged?

The longest in automobile mortgage is not more than five years. According to the relevant regulations of the mortgage bank, the purchased vehicles are self-use vehicles, and the longest loan period does not exceed 5 years; The purchased vehicle is a commercial vehicle, and the loan period does not exceed 3 years. The mortgage loan process is as follows:

Customer application: the customer applies to the bank, fills in the application form in writing and submits relevant materials at the same time;

After the contract is signed, the bank will review the application materials submitted by the borrower, and both parties will sign a loan contract and a guarantee contract, and go through relevant notarization and mortgage registration procedures as appropriate;

Lending, loan approved by the bank, after all formalities are completed, the bank will directly transfer it to the account of the automobile dealer according to the contract;

Repayment on schedule, the borrower repays the loan principal and interest according to the repayment plan and repayment method agreed in the loan contract;

When the loan is settled, the loan can be settled normally;

After the loan is settled, the borrower will retrieve the legal documents and relevant supporting documents extracted by the bank with his valid identity certificate and the loan settlement certificate issued by the bank, and go through the mortgage registration cancellation formalities with the original mortgage registration department with the loan settlement certificate.

Precautions:

Loan target: a natural person with full civil capacity, aged between 18 and 60;

Loan amount: if the purchased vehicle is for personal use, the loan amount shall not exceed 80% of the price of the purchased vehicle; If the purchased vehicle is a commercial vehicle, the loan amount shall not exceed 70% of the price of the purchased vehicle, of which the loan amount of the commercial vehicle shall not exceed 60% of the price of the purchased vehicle;

Loan term: the purchased vehicle is for personal use, and the longest loan term shall not exceed 5 years; The purchased vehicle is a commercial vehicle with a loan term of no more than 3 years;

Loan interest rate: subject to the interest rate regulations of China Construction Bank.

Repayment method: If the loan term is less than one year, you can use any repayment method such as monthly interest, matching principal and interest, average capital repayment, and one-time repayment of principal and interest. If the loan term is more than one year, the method of equal principal and interest and average principal repayment can be adopted. The specific repayment method shall be negotiated between the handling bank and the borrower and agreed in the loan contract.

In summary, the vehicles generally purchased are for personal use, and the longest loan period does not exceed 5 years; The purchased vehicle is a commercial vehicle, and the loan period does not exceed 3 years. Please consult your local dealer for details.

How many years is the longest car mortgage?

The longest car loan is 5 years.

Application materials required for auto loan application:

(1) A written document in which the guarantor agrees to provide the required guarantee for the borrower to obtain the guarantee amount.

(2) the guarantor's credit certification materials.

(3) Collateral appraisal report issued by the socially recognized appraisal department.

(4) Other documents and materials as stipulated by the Construction Bank.

(5) Original and photocopy of the borrower's valid identity certificate.

(6) local permanent residence or valid residence identity certificate.

(7) The borrower shall produce the income certificate issued by the employer, the borrower's tax bill and insurance policy.

(8) The pledge right required for the borrower to obtain the pledge and the amount of mortgage, the list of collateral and ownership certificate, the written document of the owner and the property that someone agrees to pledge and mortgage.

(9) The borrower also needs to provide the bill for the hydropower property where the company is located and the bill for the hydropower property with personal address.

Car loan is the highest in a few years. . .

This is usually about three years, and there are still five years left.

How many years can I buy a car with a loan?

Loan limit 1. Apply for a loan by pledge or provide joint liability guarantee by banks and insurance companies.

The down payment of the first family shall not be less than 20% of the purchase price, and the maximum loan amount shall not exceed the purchase price.

80%. Second, apply for a loan by purchasing a vehicle or other real estate mortgage, and make a down payment.

Not less than 30% of the purchase price, and the maximum loan amount shall not exceed 70% of the purchase price. Third, to

If a third party applies for a loan by way of guarantee (except banks and insurance companies), the down payment is not required.

Get less than 40% of the car purchase price, and the maximum loan amount does not exceed 60% of the car purchase price. The loan term is generally 3 years, and the longest is not more than 5 years (including 5 years), and according to the nature of the borrower.

Pay attention to quality alone. For taxi companies or car rental companies, the longest loan period is no more than 3 years;

The loan period for other enterprises and institutions shall not exceed 2 years in principle; Personal loan term

Usually three years. The loan interest rate is the same as that stipulated by the People's Bank of China.

If the loan term is less than one year, the interest will be calculated according to the contract interest rate, and the interest rate will remain unchanged when the statutory interest rate is adjusted;

If the loan term is more than one year, in case of adjustment of the legal interest rate, the corresponding interest will be paid from the beginning of next year.

The new interest rate level shall be implemented at the interest rate level.

How many years does a bank car loan take at most?

three

You can borrow a car loan for a few years at most.

The longest car loan can be five years, but it is generally three years or less, and the requirements for applying for a five-year car loan are relatively strict. Only some banks support 5-year loans, such as Bank of Communications, Bank of China, Minsheng Bank and China Construction Bank generally only have 3-year loans, and so does manufacturer finance. In addition, the five-year period is stricter on the nature of the user's car and the requirements of the applicant.

The car loan is divided into five years, and the monthly repayment pressure of users is small, but the total interest cost is high. If the loan is for two or three years, the interest will be lower. Moreover, if the user applies to the manufacturer's finance, he may get an interest-free installment discount, so the total cost is relatively small.

When applying for a car loan, the information is relatively simple. You need to provide the user's ID card, credit report and income. If there is no obvious risk point, it is easier to pass. If the qualifications and credit are poor, you can find * * * to apply together with the repayment person or guarantor or guarantee company.

How many years is the car loan?

The longest period for applying for car loan is no more than 3 years, and the interest of car loan = loan amount × time × interest rate. In general, the car loan interest rate is between 5%- 10%. Of course, if the user has good credit qualification, the bank will reduce the loan interest rate as appropriate, and if the user has overdue risk, the loan interest rate will be higher than himself, depending on the actual situation. Car loan interest rate refers to the loan interest rate that people use when they borrow money to buy a car. It is the interest rate of a specific automobile loan agreed by the lender and the borrower according to the statutory loan interest rate and the floating collusion range stipulated by the People's Bank of China, and it is stated in the loan contract.

The interest of car loan contract is related to interest rate and repayment method. The medium and long-term loan interest rate of the bank for one to three years (inclusive) is 4.75%. If the car loan is 654.38 million yuan and the loan period is three years, the interest to be repaid is:

1. Equal repayment of principal and interest: the repayment method is equal repayment every month. The interest calculated by matching the principal and interest of 65438+ million car loan for three years is 749 1.438+0 yuan.

2. Equal principal repayment: the repayment method is the most in the first month, the least in the last month, and the same principal is paid every month. 654.38 million yuan 3-year car loan interest calculated by average capital is 7322.92 yuan.

Short-term loans refer to loans with a loan term of 1 year (inclusive). Short-term loans are generally used for the liquidity needs of the borrower's production and operation. The currencies of short-term loans include RMB and major convertible currencies of other countries and regions. The term of short-term working capital loans is generally about half a year, and the longest is no more than one year; Short-term loans can only be extended once, and the extension period cannot exceed the original period. The loan interest rate is determined according to the interest rate policy formulated by the People's Bank of China and the floating range of the loan interest rate, according to the nature, currency, use, method, term and risk of the loan, among which the foreign exchange loan interest rate is divided into floating interest rate and fixed interest rate. The loan interest rate is indicated in the loan contract, which customers can check when applying for a loan. There is a penalty interest for overdue loans. The advantages of short-term loans are relatively low interest rates and relatively stable capital supply and repayment. The disadvantage is that it cannot meet the long-term capital needs of enterprises. At the same time, because short-term loans use fixed interest rates, the interests of enterprises may be affected by interest rate fluctuations.

So much for the introduction of vehicle loan term.