What are the requirements for car loans?

[Prim]

The requirements for car loans are: 1. Possess a valid identity document and have full civil capacity; 2. Able to provide proof of fixed and detailed address; 3. Have a stable occupation and the ability to repay the loan principal and interest on time; 4. Good personal social credit; 5. Hold a car purchase contract or agreement approved by the lender; 6. Other conditions stipulated by the cooperative institution. The process of buying a car with a loan: 1. The customer selects a car at a bank-approved dealer and signs a car purchase agreement or contract; 2. The borrower applies for a personal car mortgage loan from the lending bank; 3. After investigation and approval, sign the contract; 4. Complete procedures such as car notarization and mortgage; 5. The lender disburses the loan; 6. After the loan is fully repaid, the lender cancels the pledge certificate and returns it to the customer.