Can a fully paid vehicle be used for a loan?
1 Answers
A loan can be obtained. Here are the precautions for the loan: 1. Advance payment of fees Many unsecured and unsecured loan companies will require borrowers to pay part of the handling fee or interest fee and other various fees in advance. Most of these are fraudulent companies. 2. Whether the institution’s certificates are complete The establishment of small loan companies is approved by relevant departments, and the number is very limited. Therefore, when choosing a private institution for a loan, you should first check whether the company’s relevant certificates are authentic and complete. 3. Interest rate level Nowadays, the state stipulates that the annual interest rate of private lending shall not exceed 4 times the national benchmark interest rate standard, otherwise it will be usury and will not be protected by the state.