Automobile Purchase Loan

Features

• Long Period and High Credit Line: Benefit from extended loan periods and high credit limits, allowing for manageable repayment terms.
• Flexible Lending Patterns: Apply for the loan at cooperative dealers or any outlet of the Bank, offering convenience and flexibility.
• Efficient Loan Approval: Enjoy minimal loan approval formalities, fast examination, and timely loan granting.
• No Additional Charges for Early Repayment: If the loan repayment has been made for one year or longer, there are no additional charges for early repayment.

Basic Conditions of Borrower

• Must be a natural person aged 18 and above.
• Should have a proper occupation and steady income sources.
• Must have good personal credit records.
• The automobile to be purchased must be for individual or family use.

Application and Approval Processes

1. Application can be made at the cooperative dealers or any outlet of the Bank.
2. Loan process:
   1. Secured Loan Process:
      1. Loan application
      2. Lending investigation
      3. Loan examination and approval
      4. Loan contract signing
      5. Loan granting
      6. Automotive mortgage
   2. Unsecured Loan Process:
      1. Loan application
      2. Lending investigation
      3. Loan examination and approval
      4. Loan contract signing
      5. Automotive mortgage
      6. Loan granting

Materials to Be Provided

• Certificate of identity of the borrower.
• Certificate of employment.
• Proof of income.
• Additional materials to be provided as required by the Bank.

Tips

• This page is for reference only; the specific business process standards are subject to the provisions at the local outlets.
• For any services, please call 95568, the 24-hour customer service hotline of Minsheng Bank.