What Documents Are Required for Car Installment Payment?

[AliyahLee]

Here are the documents required for car installment payment: 1. Application Form: Filling out the auto consumer loan application form is crucial. Generally, important information in the form, such as age and repayment ability, will be key factors determining the success of the loan application. 2. Personal Documents: Household register, guarantor's ID card, housing proof, personal income proof. All documents must be original and photocopied, and generally, two sets of copies need to be prepared. 3. Repayment Proof: Installment car purchase requires a stable income source. You need to provide your bank statements for the last three to six months. Note: Generally, the monthly installment should not exceed 60% of the family's disposable income. 4. Guarantor: A third-party individual must provide a guarantee for the repayment of the loan principal and interest. Note: Spouses cannot guarantee each other. 5. Insurance: During the loan period, you must take out a one-time insurance policy with an insurance company approved by the bank.