Why is a driver's license required for a car on installment?

[DeAmir]

A driver's license is not necessarily required for a car on installment, but banks generally require it to be presented because banks usually only allow the borrower to take out a car loan to reduce the risk they bear. The materials required for a car loan are as follows: 1. Identity documents: Copy of the applicant's ID card; copy of spouse's ID card (not required if single). 2. Property documents: If no property is owned, a copy of a friend's property certificate can be provided as collateral or a guarantee company can be sought for a guarantee. 3. Proof of residence: Household registration or temporary residence permit. 4. Income documents: Including the original income certificate of the applicant and the original income certificate of the spouse. 5. Copy materials: Copy of the driver's license.