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Does it matter if college graduates borrow money to buy a car?
Can students borrow money to buy a car?

Yes, as long as the conditions are met.

Loan buyers must also meet the following conditions:

(1) The car buyer must be at least 18 years old and a citizen of China with full civil capacity.

(2) Car buyers must have a relatively stable job, a relatively stable economic income or assets that can be easily realized, in order to repay the loan principal and interest on schedule. Assets that are easy to realize here generally refer to securities and gold and silver products.

(3) During the loan application period, the car buyer shall deposit no less than the down payment stipulated by the bank in the account of the bank savings counter.

(4) Providing banks with bank-approved guarantees. If the personal account of the car buyer is not local, it should also provide joint liability guarantee, and the bank will not accept the mortgage set by the car buyer for the car purchased by the loan.

(5) Car buyers are willing to accept other conditions deemed necessary by the bank.

Extended data:

According to the Interim Measures for the Administration of Personal Loans:

Article 14

The loan investigation includes but is not limited to the following contents:

(1) Basic information of the borrower;

(2) The income of the borrower;

(3) the purpose of the loan;

(4) The source, ability and method of repayment of the borrower;

(5) Guarantor's willingness to guarantee, ability to guarantee, value of collateral (pledge) and liquidity.

Article 15

The loan investigation should be based on on-the-spot investigation, supplemented by indirect investigation, and adopt ways and methods such as on-the-spot verification, telephone inquiry and information consultation.

Article 16

On the premise of not damaging the legitimate rights and interests of the borrower and controlling risks, the lender may prudently entrust a third party to handle some specific matters in the loan investigation, but the qualifications of the third party must be clarified.

The lender shall not entrust all matters of loan investigation to a third party.

Article 17

The lender shall establish and strictly implement the loan interview system.

If low-risk loans are issued through electronic banking channels, the lender should at least take effective measures to determine the true identity of the borrower.