How long does it take to get the vehicle title after paying off the car loan?
1 Answers
After paying off the car loan, it usually takes about 10 to 20 days to receive the vehicle title. Then, you need to bring your motor vehicle driving license to the local vehicle management office to complete the mortgage release procedure. Below are the required materials for mortgage release: 1. Documents provided by the bank: vehicle registration certificate, loan clearance statement, the bank's organization code certificate, and a power of attorney (authorizing the car owner to handle the mortgage release). 2. Documents from the car owner: ID card, vehicle license, driving license, car purchase invoice, vehicle inspection certificate, and insurance certificate. Note: Most banks do not automatically process the mortgage release for users after the car loan is paid off, so you need to inquire with the bank whether your car's mortgage has been released.