The approximate interest rate range in automobile mortgage is 5.4%- 15.24%, but most of the interest rates in automobile mortgage are based on the monthly interest rate. Banks are between 0.6% and 0.9%, and financial institutions are separated at 1-1.5. Interest calculation formula: interest = loan principal loan interest rate loan term.

Extended data:

Banks generally have requirements on the age, mileage and vehicle valuation of the loan vehicle, but financial institutions will require the vehicle to be registered in the lender's name, licensed and unsecured.

The loan funds can be used for business purposes such as purchasing raw materials and commodities, and also for consumer purposes such as car purchase, decoration, travel and wedding. Bank vehicle mortgage loans are generally not allowed to be used for buying houses, studying abroad, investing in financial securities products and other purposes.

Generally speaking, the auto loan interest rate is slightly higher than the bank benchmark interest rate. Generally, the average interest rate of bank auto loans rises according to the bank benchmark interest rate 10%, and the bank benchmark annual interest rate is 65438+5.56% in 0 years and 5.60% in 2-3 years. The car loan interest rate is 65438+6. 1 16% for 0 years and 6. 16% for 2-3 years.

Suppose the borrower takes out a car mortgage of RMB 654.38+10,000/year, with an annual interest rate of 6. 116%. Matching principal and interest repayment, the total interest is 3343.7 1 yuan, the total repayment is 103343.75438+0 yuan, and the monthly repayment is 861.98 yuan. If the average capital is used for repayment, the total interest is 33 12.83 yuan, the total repayment amount is 1033 12.83 yuan, the repayment amount in the first month is 8843 yuan, and the monthly repayment amount is decreasing.

How much is the interest in automobile mortgage?

The interest in automobile mortgage is related to the loan amount, loan interest rate and loan term. The calculation method of loan interest is: loan interest = annual interest rate of loan principal and loan term. If the loan amount is 70,000 yuan, the loan period is 5 years, and the annual interest rate is 4.75%, the loan interest is 700,004.75% 5 =16625 yuan. The loan interest rates of lending institutions are all floating on the basis of the benchmark annual interest rate announced by the central bank. At present, the latest benchmark interest rate of the central bank is as follows:

1. Short-term commercial loan: within 1 year (inclusive), with an annual interest rate of 4.35%.

2. Medium and long-term commercial loans: 1 to 5 years (including 5 years), with an annual interest rate of 4.75%; For more than 5 years, the annual interest rate is 4.9%. Matters needing attention in automobile mortgage:

First, the automobile mortgage conditions

Basic conditions that the borrower must meet:

1, a citizen of China who has reached the age of 18, has full capacity for civil conduct and has a fixed residence in China.

2 have a stable professional and economic income, and can guarantee to repay the loan principal and interest on a regular basis.

3. Guarantee can be provided.

4. Other conditions stipulated by the bank.

Second, the information needed by automobile mortgage

1. has a stable occupation, and the applicant has the ownership of the local mortgaged vehicle.

2. Enterprises that have been living and working in this city for a long time.

3, motor vehicle registration certificate, driving license, purchase tax additional proof (this), car purchase invoice.

4. Insurance policy, travel tax, and relevant tax payment certificates for imported vehicles.

5, ID card (non-local account customers provide temporary residence permits or residence permits within the validity period.

First, the concept of mortgage interest rate

Automobile mortgage refers to the loan products that borrowers use their own or third-party vehicles (including cars, SUVs, trucks, etc.). ) as a mortgage for personal comprehensive consumption, it is repaid by mortgage. Automobile mortgage interest rate refers to the price that the borrower pays to the borrowed funds, and it is also the return that the lender gets in lending to the borrower. The interest rate in automobile mortgage is usually calculated as a percentage of one-year interest and principal.

Second, the way of automobile mortgage

At present, we can mainly handle real estate mortgage loans through banks, trusts and pawns.

Third, the interest rates of different automobile mortgage routes.

(1), bank loan

The borrower applies for mortgage loan in the bank with the purchased car as collateral or pledge. When applying for mortgage loans, banks must issue automobile sales contracts, automobile mortgage agreements, automobile mortgage contracts, etc. The annual interest rate starts at 6%.

(2) Trust loan

Trust automobile mortgage means that the trustee accepts the entrustment of the principal and makes a loan with the funds deposited by the principal according to the object, purpose, term, interest rate and amount specified by the principal (or in the trust plan), and the financier takes automobile mortgage as the guarantee method of the trust loan. The interest rate plus handling fee is generally around 18%.

(3) Pawn loan

Mortgaged real estate mortgage loan refers to the behavior that the pawnbroker mortgages his car to the pawnshop, pays a certain percentage of handling fee and interest, obtains the pawnbroker's interest and handling fee, and repays the pawnbroker's money and redeems the pawnbroker's goods within the agreed time limit. Interest and other comprehensive expenses add up to about 3% per month.

What's the general interest rate in automobile mortgage?

Vehicle mortgage loan refers to the loan obtained from some financial institutions or automobile consumption loan companies with the borrower or a third party's car or self-purchased car as collateral. The loan amount is generally 70% of the assessed value of the vehicle. Many borrowers have asked, how much is the interest on car mortgage? Teach everyone to calculate loan interest in one minute!

How much is the interest on car mortgage?

The interest rate range in automobile mortgage is roughly 0, but most of the interest rates in automobile mortgage are based on the monthly interest rate. Banks are in the middle, and financial institutions are separated by more than 1 minute. Calculation formula of interest: interest = loan principal loan interest rate loan term.

Generally speaking, banks will require the vehicle age, mileage and vehicle valuation of the loan vehicle, but financial institutions will require the vehicle to be registered in the name of the lender, with a license and no guarantee.

Loans can be used for business purposes such as purchasing raw materials and commodities, and also for consumer purposes such as car purchase, decoration, travel and wedding. Bank's vehicle mortgage loan is generally not allowed to be used for buying a house, studying abroad, investing in financial securities and other purposes.

The general car loan interest rate is slightly higher than the bank benchmark interest rate. The average interest rate of bank car loans generally rises by 10% according to the bank benchmark interest rate. The benchmark annual interest rate of banks is one year, and the one-year car loan interest rate is one year. Suppose the borrower takes out a car mortgage of 654.38 million yuan and repays it within one year. If the annual interest rate is equal to the principal and interest, the total interest is RMB, the total repayment is RMB, and the monthly repayment is RMB. According to the average principal repayment method, the total interest is RMB, the total repayment amount is RMB, and the repayment amount is RMB 8843 in the first month, and the repayment amount decreases month by month.