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.
How much is the interest on car 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.
How much is the interest on car mortgage?
Generally speaking, the auto loan interest rate is slightly higher than the bank benchmark interest rate. For example, at present, the auto loan interest rate of ordinary banks generally rises by 10% according to the bank benchmark interest rate. Before the interest rate adjustment, the central bank's benchmark annual interest rate was 65438+5.3 1% for 0 years and 5.40% for 2-3 years. Auto loan interest rate 1 year, 5.84 1%, 2-3 years, 5.94%. After interest rate adjustment, the benchmark annual interest rate of the central bank is 65438+5.56% for 0 years and 5.60% for 2-3 years. The car loan interest rate is 65438+6. 1 16% for 0 years and 6. 16% for 2-3 years.
Banks generally have requirements for the age, mileage and vehicle valuation of loan vehicles. The threshold of financial institutions such as P2P is low, but financial institutions will require vehicles to be registered in the name of lenders, with licenses and no guarantees.
Extended data
First, the automobile mortgage conditions
Basic conditions that the borrower must meet:
1. China citizens who have reached the age of 18, have full capacity for civil conduct and have a permanent 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
Requirements and materials for applying for automobile mortgage service of Rongdao. com:
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.