Installment.docVIP

Personal Car Loan Car loans refer to the loan provided by China Construction Bank for the purpose of purchasing cars Basic requirements: 2. Loan Limit: Loan amount shall not exceed 80% of the car price. ? 3. Loan Tenure: For vehicles of personal use, loan tenure shall not be longer than 5 years. 4. Loan Interest Rate: Interest rate shall be set in accordance with the interest rate stipulated by PBC.The interest rate for VIP customers,such as BMW can float based on the benchmark interest rate.we can provide the lowest interest rate approved by PBC. 5. Ways of pledge: All the applicants of car loans should provide certain guarantee measures including car lien, car lien and insured institution, car lien, guarantor and the enforcing insurance contract. ? Repayment method: loan period shall be set within one year. Payment shall be made by adopting either one of the following methods: repaying interests monthly with a certain amount of principal, equal payment of principal and interest, equal payment of principal and single end-of-term payment. For loan period more than one year, regular equal payment of principal and interest or equal payment of principal shall be made for repaying principal or interests. For detailed repayment methods, the applicant should contact and consult with representatives at the branches and terms and conditions for repayment shall be stated clearly in the contract. ? 7. Documents required (1) Personal Loan Application Form (2) Valid Identity Proof documents, including resident identity cards, household register, military official certificate, passports, entry permit for HK, Macau and Taiwan residents. Applicant should submit their identity proof documents and those of their spouse as well. (3) Household or long-stay residential documentary proof (4) Income proof. The applicant should also submit supporting documents such as information related to household income or assets. (5) Letter of Int