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

[VanEli]

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