What are the conditions for car loans?

1 Answers
DeDallas
07/29/25 7:59pm
Conditions for car loans: 1. The car buyer must be at least 18 years old and a Chinese citizen with full civil capacity. 2. The car buyer must have a relatively stable job and a stable economic income or possess easily liquidated assets to ensure timely repayment of the loan principal and interest. Easily liquidated assets here generally refer to securities and gold and silver products. 3. During the loan application period, the car buyer must deposit an amount lower than the down payment required by the bank in their account at the designated savings counter of the handling bank. 4. Provide the bank with a guarantee acceptable to the bank. If the car buyer's household registration is not local, they must also provide joint liability guarantee. The bank does not accept the mortgage of the vehicle purchased with the loan. 5. The car buyer must be willing to accept other conditions deemed necessary by the bank.
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