For car owners, the car may be a means of transportation in peacetime and a convenience when traveling by car, but in fact, the role of the car is far more than that. When you are short of money, you can also take your car to the bank as a mortgage to apply for a loan. Many people will have questions. Which banks can use cars as collateral? Can all banks handle auto mortgage loans? Let's find out.

Although banks can handle automobile mortgage, most of them provide loans with mortgages instead of cars. Banks generally don't accept loans secured by cars, because cars are movable property and the risk of traffic accidents is high. Secondly, it is not suitable for management, and it is prone to the risk of being stolen and robbed. It is not an ideal loan collateral for banks. However, not all banks are not allowed to handle automobile mortgage, and banks such as Industrial and Commercial Bank of China and Ping An Bank can handle automobile mortgage business.

1. China Industrial and Commercial Bank: automobile mortgage of China Industrial and Commercial Bank refers to a loan product in which the borrower mortgages his own vehicle to the bank to obtain loan funds, which can be used for various consumption and business purposes. The amount of ICBC car mortgage accounts for 60% of the car price. Generally, as long as you meet the conditions of ICBC's automobile mortgage, you can apply on the premise of ensuring timely repayment.

2. Chengdu Rural Commercial Bank: Chengdu Rural Commercial Bank has a series of "quick loan" products, with various financing methods, including unsecured credit loans and chattel mortgage. For example, a borrower with a car can use it as a mortgage. There are many ways, no matter what the borrower is, you can find a suitable financing method.

3. Ping An Bank: Ping An Bank can borrow up to 500,000 yuan for car mortgage. When applying for a loan, if the information is complete, the loan can be released within one day after the mortgage at the earliest. The loan funds can be used for business purposes such as purchasing and purchasing goods, and can also meet consumer needs such as decoration, tourism and wedding.

What are the requirements for bank vehicle mortgage loans?

1. The applicant is over 18 years old and has full capacity for civil conduct;

2. There is a stable income at present;

3. The vehicle under its name has complete documents and is currently unsecured;

4. Having legal identity documents and a fixed address at the place where the loan is applied;

5. Personal social credit is good;

6. For mortgaged vehicles, the bank requires that the vehicle should not exceed 5 years and the mileage should not exceed 80,000 kilometers;

7. Mortgaged vehicles can only be processed if the assessed value is more than 70,000 yuan.