Auto Consumption Loan refers to RMB consumer loans granted to individuals or legal person to finance the purchases of cars（not including commercial vehicles and second-hand vehicles）.

1、Who is it for?

Natural person aged 18 and shall have full capacity for civil conduct.

2、Credit Line, Time Limit, Interest rates ,Loan Repayment

2.1. Credit Line

(1) For domestic vehicles, the amount of borrowing shall not exceed 70% of the car price;

(2)For import vehicles, the amount of borrowing shall not exceed 60% of the car price;

2.2. Time Limit

The longest period not exceeding three years(not including a pledge of personal house property or the mode of guarantee regarded as low risk by our bank ),also, the length of maturity plus the borrower’s age shall not be more than60 years as well.

2.3. Interest rates

The interest rate for auto loans shall be the rate for loans of the same period and grade stipulated by the People's Bank of China, and the interest rate shall fluctuate downward not more than 10%.

2.4. Loan Repayment

If the length of maturity is not exceeding one year, the repayment of the interest by monthly or a season and repayment of capital at maturity is adopted; if the term of one loan is over one year, Payment of equal amount of principal or of principal and interest by a monthly installments is adopted.

3、What needs to be done?

(1) The borrower shall complete and submit an application form for a personal loan;

(2) Bank verifies the application and approves;

(3) The borrower shall sign the personal loan contract and a guaranty contract;

(4) Origination procedure;

(5) Registration and Licensing of Vehicles and mortgage enrollment;

4、Materials required in a car loan application

(1)A Valid ID card;

(2) Certificates of occupations and income of the borrower and spouse;

(3)Documents of certificating borrowing purpose: car purchase contract or agreement or letter of intent signed with the designated dealer;

(4) Certificate of the down payment;

(5) Report of personal credit by checking the credit reporting systems of People's Bank of China (if possible);

(6) Other documents or materials of certification required by our bank.