The central bank and the CBRC jointly issued the "notice on the evening of 8 on the adjustment of relevant policies on auto loans" (hereinafter referred to as the "notice"), announced that since January 1, 2018, the highest occupied traditional power car loan payment ratio of 80%, use of new energy vehicles issued the maximum loan ratio of 85%, the highest proportion of second-hand car loans issued 70%.
"Notice" that causes the adjustment of auto loan policy is to implement the adjustment of the economic structure of the policy of the State Council, the release of diversified consumption potential, promote the economic development of environmental protection industry, improve the quality and efficiency of the automobile consumption credit market supply.
The provisions of the original "auto loan management approach", the lender car loan payment shall not exceed the amount of the purchase price of the car 80%; commercial loan payment amount shall not exceed the purchase price of the car 70%; payment used car loans shall not exceed the amount of the borrower of the purchase price of the car 50%.
The adjusted policy clearly, use the traditional power car loans issued the highest proportion of 80%, the traditional commercial power auto loans issued the highest proportion of 70%; for new energy vehicles, the maximum loan payment ratio of 85%, commercial loans issued new energy vehicles highest proportion is 75%; two hand car loans issued the highest proportion of 70%. Among them, for the implementation of loan policy of new energy vehicle models, the financial institutions in the "basic car loan management approach", according to the voluntary, prudent and risk controllable principle, refer to the Ministry of industry and information technology "to promote the application of new energy vehicles recommended models directory implementation".
In addition, the "notice" requirements, combined with the mechanism of launch policy, car loan risk control and other factors should be the financial institutions, according to the borrower's credit status, repayment ability of auto loans reasonably determine the specific payment ratio; strengthen the management of the whole process of auto loans, strengthen the loan before the review, and constantly improve the customer credit evaluation system, the first loan guarantee the source of repayment can fully cover the corresponding principal and interest; strengthen the empirical data of residual accumulation, the implementation of collateral, collateral value assess policy, improve collateral, collateral value assessment system; perfect the loan classification system, strengthen the monitoring of non-performing loans, and adequate provision of the corresponding provision.
