The required condition is that the guarantor must have certain fixed assets (such as real estate license or invoices for some machinery and equipment), and it is in the guarantor's own name. Required formalities, ID card, marriage certificate, household registration book of guarantor and his wife, and other fixed assets certificates. When signing the contract, the guarantor should sign and press the fingerprint.

In addition, if there is no real estate license in rural areas, the land use certificate is ok, or the certificate issued by the local village branch must have the official seal of the government.

Car loan refers to the loan issued by the lender to the borrower who applies for buying a car. Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at their special dealers. The interest rate of automobile consumption loan refers to the ratio of the loan amount to the principal given by the bank to consumers, that is, borrowers, for purchasing their own cars (non-profit family cars or commercial vehicles with less than 7 seats). The higher the interest rate, the greater the repayment amount of consumers.