Can a Vehicle License Be Used for a Loan?

1 Answers
VanJulia
07/29/25 8:39pm
A vehicle license cannot be used for a loan. Generally, the following conditions must be met to apply for a personal loan: 1. The applicant must be a Chinese citizen with full legal capacity, aged 65 or below, with a fixed residence in the location of the loan bank, and possess a permanent household registration or valid residence permit. 2. The applicant must have a legitimate job and stable income, with the ability to repay the loan principal and interest on schedule. 3. The applicant must have a good credit record and willingness to repay, with no adverse credit history. 4. The applicant must be able to provide legal, valid, and reliable collateral recognized by the bank. 5. The loan must have a clear purpose that complies with relevant regulations. 6. Other conditions stipulated by the bank must also be met.
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