What are the requirements and documents needed for installment car purchase?
1 Answers
Installment car purchase requires the following conditions and documents: 1. Application form: Filling out the auto consumer loan application form is crucial. Generally, key information in the form, such as age and repayment ability, will be important factors determining loan approval. 2. Personal documents: Household register, guarantor's ID card, housing certificate, personal income proof. All documents must be provided in original and copies, usually requiring two sets of copies. 3. Repayment proof: Installment car purchase requires a stable income source, and you need to provide your bank statements for the last 3-6 months. Note: Generally, the monthly installment should not exceed 60% of the family's disposable income. 4. Guarantee provision: A third-party individual must provide guarantee for loan principal and interest repayment. Note: Spouses cannot guarantee each other. 5. One-time insurance: During the loan period, you must purchase insurance from a bank-approved insurance company in one payment. 6. Other conditions: Additional requirements stipulated by the bank.