The Chinese Construction Bank, one of our four-Power banks, provides diversified financial support for your driving dream, with a particularly good reputation for car lending. So how do we calculate the interest rate on the Chinese construction bank's car loan and what are the conditions for your application? Next, let me take you with me to exact measurement。

What's the interest rate for building a bank car

THE INTEREST RATE ON THE CHINESE CONSTRUCTION BANK'S CAR LOAN IS OF TWO DIFFERENT CLASSES. FIRST, IF YOUR LOAN TERM IS ONE YEAR OR LESS, THE INTEREST RATE IS 5-6%. HOWEVER, IF THE DURATION OF THE LOAN EXCEEDS ONE YEAR BUT NOT MORE THAN FIVE YEARS, THE INTEREST RATE IS 6%。

For example, when you intend to borrow for three years in the amount of RMB 150,000 and opt for the repayment of the equivalent principal, the calculation will tell you that the total interest cost to be reimbursed is RMB 14,278.46。

IT SHOULD BE NOTED THAT WHILE 6% HAS A RELATIVELY LOW RATE OF INTEREST ON CAR LOANS AND IS AT THE LEVEL OF THE LOAN BASE RATE, THE ACTUAL RATE IS SUBJECT TO A REASONABLE ADJUSTMENT AT THE BASE RATE, DEPENDING ON THE CIRCUMSTANCES OF THE APPLICATION。

THE CONDITIONS FOR APPLYING TO THE CHINESE BANK OF CONSTRUCTION FOR A CAR LOAN ARE AS FOLLOWS: FIRST, THE AGE SHALL BE BETWEEN 18 AND 60 YEARS OF AGE, WITH FULL CIVIL CAPACITY. SECONDLY, THE APPLICANT SHOULD HAVE SUFFICIENT CAPACITY TO PAY TO ENABLE THE FIRST-PAYMENT RATIO OF THE VEHICLES PURCHASED TO REACH 201 TP3T (OWNED VEHICLE) OR 301 TP3T (COMMERCIAL VEHICLE). FINALLY, THE APPLICANT MUST HAVE A GOOD CREDIT POSITION AND REQUIRE APPROPRIATE GUARANTEES OR PERSONAL INCOME CERTIFICATES TO ENSURE SUFFICIENT REPAYMENT CAPACITY。

In general, as long as you meet the above conditions, it will be a smooth process to apply for a car loan from the China Construction Bank。