What procedures are required for a vehicle's second mortgage?
1 Answers
Vehicle second mortgage requires the following procedures: 1. A valid second-generation ID card and household register, along with photocopies. 2. Proof of personal income, employment verification, and vehicle ownership certificate. 3. Central bank credit report. The conditions for a vehicle second mortgage loan are as follows: 1. The borrower must meet certain basic requirements, such as having good credit, a certain level of income and repayment ability, and a healthy debt situation. 2. Not all vehicles are eligible for a second mortgage loan; the vehicle must have available loanable equity to qualify for a second mortgage.