According to the Automotive Consumer Loan Management Measures issued by the People’s Bank of China in January 2026 and recent financial institution disclosures, the core rules for auto loans are clear: both individual and corporate borrowers must meet qualification requirements, with loan amounts up to 80% (85% for NEVs).
Application Requirements
Individual borrowers must: be at least 18 years old with full civil capacity; have stable and lawful income sources and the ability to repay on schedule; maintain good personal credit; and have paid the required down payment. Corporate borrowers must possess lawful business qualifications and good credit records.
Loan Amount and Term
Loan amounts vary between 60% and 80% depending on the guarantee method. For new conventional vehicles, the maximum loan amount does not exceed 80% of the vehicle price; for new energy vehicles, it does not exceed 85%. The maximum loan term is 5 years, extendable to 7 years for certain NEV models. For used cars, the maximum term is 3 years.
Fiscal Subsidy Policy
The Ministry of Finance, PBOC, and National Financial Regulatory Administration jointly issued the Personal Consumer Loan Fiscal Subsidy Implementation Plan, providing fiscal interest subsidies for qualifying personal consumer loans, further reducing vehicle financing costs.
Application Process
Select vehicle and pay down payment, submit loan application materials, bank approval, sign loan contract, register vehicle mortgage, disbursement and vehicle delivery. The entire process can be completed online, with same-day approval and disbursement possible.
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