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Does a car loan require signatures from both husband and wife?

It is not necessary for both husband and wife to sign the loan to buy a car.

Car loans for married people are mainly divided into two situations. One is when an individual applies for a loan to buy a car, and the other is when both husband and wife jointly apply for a loan to buy a car. If it is an individual application, the signatures of both parties are not required. If an *** applies for a loan together, both parties need to sign, and the applicant is the main repayer.

Married people also need to provide their spouse’s ID card and other information when applying for a loan. When a married person takes a loan to buy a car, the bank will not only evaluate the personal credit report, but also the spouse’s credit report. . Even if you have a good credit score and your spouse has credit problems, the bank may still reject your loan request.

To apply for a car loan, you need to meet the following conditions:

1. In terms of age, you must be at least 18 years old, men must be no more than 65 years old, and women must be no more than 60 years old;

2. At work, you must have a stable job and income. When buying a car, you should consider the monthly repayment pressure. Generally speaking, the monthly repayment amount of a car loan should not exceed half of your salary;

3. In terms of credit, the applicant and his spouse have good credit records. If there has been a bad credit record within five years, but the repayments have been on time in the past one or two years, it will not be a big problem;< /p>

4. Applicants need to provide proof of residence or property certificate.

Bank loan procedures:

1. Loan application. The borrower applies for a loan to a local bank.

2. Credit rating assessment. Banks evaluate borrowers' creditworthiness.

3. Loan investigation. The bank investigates the borrower's legality, safety, profitability, etc.

4. Loan approval. Banks review and approve loans in accordance with a loan management system that separates loan review from loan review and provides graded review and approval.

5. Sign the contract. The bank signs a loan contract with the borrower.

6. Loan disbursement. The bank issues loans on time according to the loan contract.

7. Post-loan inspection. The bank conducts follow-up investigations and inspections on the borrower's execution of the loan contract and the borrower's operating conditions.

8. Reflection after loan.

9. Loan repayment. When the loan matures, the borrower must repay the principal and interest of the loan in full and on time. If he wants to extend the loan, he should submit a loan extension application to the bank before the loan maturity date. Whether to extend the loan is decided by the bank.

Legal Basis

"Commercial Bank Law of the People's Republic of China"

Article 36 For commercial bank loans, the borrower shall provide guarantee. Commercial banks shall strictly examine the guarantor's repayment ability, the ownership and value of the mortgage and pledged property, and the feasibility of realizing the mortgage and pledge rights.

If, after review and evaluation by a commercial bank, it is confirmed that the borrower has good credit and can indeed repay the loan, no guarantee is required.

Article 37 A commercial bank shall enter into a written contract with the borrower for a loan. The contract should stipulate the type of loan, purpose of borrowing, amount, interest rate, repayment period, repayment method, liability for breach of contract and other matters that both parties deem necessary to agree upon.

Article 38 Commercial banks shall determine loan interest rates in accordance with the upper and lower limits of loan interest rates stipulated by the People's Bank of China.

Article 39 Commercial bank loans shall comply with the following regulations on asset-liability ratio management:

(1) The capital adequacy ratio shall not be less than 8%;

(2) The ratio of the balance of current assets to the balance of current liabilities shall not be less than 25%;

(3) The balance of loans to the same borrower and the capital balance of commercial banks The proportion shall not exceed 10%;

(4) Other provisions of the banking regulatory authority of the State Council on the management of asset-liability ratios.

If the asset-liability ratio of a commercial bank established before the enforcement of this Law does not comply with the provisions of the preceding paragraph after the enforcement of this Law, it shall comply with the provisions of the preceding paragraph within a certain period of time. Specific measures shall be prescribed by the State Council.