What kind of car loan is cheaper?

Which bank car mortgage interest rates is low? Share three banks with low mortgage interest rates!

With the continuous development of the times, cars have become a very common means of transportation in people's lives. But for many ordinary people who just work, the price of cars is still relatively high, and most people will choose to go to the bank to apply for car loans. Which bank car mortgage interest rates is low? Share three banks with low mortgage interest rates!

Which bank car mortgage interest rates is low?

1, car loan from Ping An Bank

Ping An Bank's car loan products have been well received by users in the same type of products, and the loan method is also very simple. The owner mortgages his car to Ping An Bank, and then he can apply for a loan directly. The mortgaged vehicle still belongs to the owner, and only the Green Paper can be used.

The minimum loan interest rate of Ping An Bank's car loan is the longest loan period that can be applied for is 4 years, and the maximum loan amount that can be applied for depends on the value of the car itself, which is generally 70% of the car price.

2. ICBC car loan

Automobile mortgage of China Industrial and Commercial Bank refers to a loan product in which the borrower mortgages his vehicle to China Industrial and Commercial Bank, and then directly obtains a loan from the bank. The loan funds can be used for various consumption and commercial purposes. The minimum loan interest rate of ICBC car loan is 70% of the car price, and the maximum loan amount that car owners can apply for.

3. Rapid loans from rural commercial banks

There are many products under the "quick loan" of rural commercial banks, and car loan is one of them. The minimum loan amount is 5,000 yuan, the maximum loan amount is 1 ten thousand yuan, and the loan period is 1 month to 3 years. You can choose flexible repayment methods such as equal monthly payment, unequal monthly payment and repayment of principal when due. The loan interest rate of car loan is at.

The above is the related content sharing of "which bank car mortgage interest rates is low", I hope it will help everyone!

Which car loan is cheaper, Weizhong Bank or Ping An?

Compared with Ping An Bank, Weizhong Bank's car loan is cheaper than Ping An Bank's car loan in interest rate. The car loan interest rate provided by Weizhong Bank is generally between 5% and 7%, while the car loan interest rate of Ping An Bank is higher, which will be between 7% and 9%, so if you want to borrow from the bank, then the car loan of Weizhong Bank is cheaper. At the same time, Weizhong Bank and Ping An Bank have different loan methods. The car loans provided by Weizhong Bank can be loans or installment loans, while Ping An Bank provides mortgage loans and credit loans. Therefore, if you want to be cheap and have a suitable loan form, then the car loan from Weizhong Bank is obviously more suitable.

Which bank has the lowest car loan interest rate?

Car loan interest is related to many factors and can be selected according to the following. If the car loan time is less than 1 year, China Bank is the first choice, followed by China Construction Bank and Ping An Bank; Generally speaking, Ping An Bank has the lowest car loan interest rate, which can be given priority.

Among several banks, the highest car loan interest rate is China Construction Bank; China Bank's car loan conditions are strict, so it is not necessarily the first choice.

The car loan interest rates of different banks are different, and generally fluctuate according to the benchmark interest rate of central bank loans. The benchmark interest rate is as follows: the loan interest rate is 4.35% within one year, 4.75% within one to five years, and 4.90% for more than five years.

Calculation formula: car loan interest = loan amount, annual interest rate term, and banks also need to combine personal credit, bank/store preferential activities, down payment ratio, etc. Therefore, it is necessary to determine which bank car loan is the most cost-effective according to the actual situation of the owner.

For example, what is the 3-year interest on a car loan of 654.38+ 10,000 yuan? Mr. Li applied for a car loan of 654.38 million yuan in a bank and chose to pay it off in three years. The approved loan interest rate is 4.75%. According to the above formula for calculating the car loan interest rate, it can be concluded that the final car loan interest rate is100000x4.75% x3 =1422.

The process of bank loan to buy a car is as follows.

1. After the car buyer selects the vehicle to be purchased, he prepares relevant materials and applies for a car loan from the loan bank; 2. The loan bank conducts examination and investigation according to the submitted application materials; 3. After approval, the borrower signs a loan contract with the loan bank; 4. The borrower shall go to the local vehicle management office for mortgage registration; 5. The loan bank issues the loan, and the borrower takes the relevant certificate to the dealer to pick up the car.

The introduction about which bank's car loan is cheap and which bank's car loan is cheap ends here. I wonder if you found the information you need from it?