What are the conditions for buying a car on installment?
1 Answers
The conditions for buying a car on installment are as follows: 1. Be at least 18 years old and under 60 years old; 2. Be a permanent resident with a fixed residence in the location; 3. Have the ability to repay the loan principal and interest, with a stable income, and the monthly payment should not exceed 60% of the family's disposable income; 4. Have opened a "One Card" account; 5. A third-party natural person must provide a guarantee, and spouses cannot guarantee each other. Documents required for buying a car on installment: 1. ID card and household registration book; 2. Loan application form; 3. Proof of residence; 4. Personal income proof; 5. Guarantor's ID card and household registration book (all documents must be originals and two sets of copies).