What should I do after the car loan is paid off?

Release process after the car loan is paid off:1. After the last monthly payment of the car loan is deducted, it will take about 10 working days for your mortgage to go to the bank that handles the car installment payment. For the bank's credit card car installment, it is best to call the bank's customer service ** in advance to inquire whether it has been fully settled, and the customer service ** can be found on the back of the repayment card.

2. To receive the motor vehicle registration certificate, you must collect it in person with your ID card, and other procedures that may be used include: motor vehicle driving license, bank repayment details, etc.

3. After getting the registration certificate, the next step is to go to the local municipal vehicle management office to go through the procedures for releasing the vehicle mortgage, and the information that needs to be brought includes: motor vehicle registration certificate, loan settlement certificate issued by the lending institution, the lender's organization certificate, "Motor Vehicle Mortgage Registration Pledge Filing Application Form", power of attorney, and the ID card of the motor vehicle owner. When handing over the registration certificate, the financial institution that handled the car loan will give us together.

4. After going to the hall of the vehicle management office, you can go to the corresponding service window.

Bring the settlement certificate and relevant personnel to the vehicle management office.

The process of paying off the car loan and releasing the mortgage and getting back the green capital is as follows:

First of all, if you apply for the release of mortgage registration of motor vehicles, you should fill in the Application Form for Filing of Motor Vehicle Mortgage Registration and Pledge;

Secondly, the owner of the motor vehicle (mortgagor) and the mortgagee (bank) shall jointly apply to the vehicle management office with the relevant formalities;

Finally, the specific procedures and procedures are as follows:

1) to the vehicle management office vehicle service hall or district (city) county traffic police brigade vehicle service hall;

2) Obtain the Application Form for Cancellation of Mortgage Registration of Motor Vehicle Mortgage and fill in the Application Form for Cancellation of Mortgage Registration of Motor Vehicle Mortgage;

3) Collect the queue number;

4) Submit the Application Form for Cancellation of Mortgage Registration of Motor Vehicle Mortgage, the identity certificate of the mortgagee and the mortgagor, the Motor Vehicle Registration Certificate, the main contract and the mortgage contract concluded in accordance with the law (the cancellation of the mortgage is proof of repayment) and other materials;

5) Receive the "Motor Vehicle Registration Business Acceptance Certificate";

6) Pay the fee at the designated window of the bank (there is no such step for canceling the mortgage);

7) Hold the payment voucher (not required for mortgage cancellation) and the "Motor Vehicle Registration Business Acceptance Certificate" to receive the "Motor Vehicle Registration Certificate".

According to the relevant provisions of the "Motor Vehicle Registration Regulations", the vehicle can only be released from the mortgage registration office at the vehicle registration office, and cannot be released in other places, but it can be entrusted to others to do it on behalf of others, and only need to submit the original identity certificate of the first person and the power of attorney of the owner.

Step 1: Take the loan to pay off the supporting documentsStep 2: Apply for the release of the mortgage

Go to the business window of the local municipal vehicle management office to apply for the cancellation of the mortgage.

Step 3: Fill in the Application Form for Cancellation of Mortgage Registration of Motor Vehicle MortgageStep 4: Get the number and wait for the release formalities

After receiving the queue number at the DMV, wait for the release procedure.

Step 5: Submit the documents required for the vehicle to be released from the mortgage

Submit the following information as required at the manual service window of the DMV:

1. The personal identity document of the owner;

2. Motor vehicle registration certificate;

3. Application Form for Filing of Motor Vehicle Mortgage Registration and Pledge;

4. The business license and power of attorney of the mortgagee of the financial company shall be stamped with fresh seals;

5. Certificate of loan settlement issued by the lending institution;

Then the window personnel will review the materials, which may take a few minutes or more than ten minutes.

After reviewing the materials, the staff of the vehicle management office will stamp on the back of the motor vehicle registration certificate, indicating the meaning of the release of the vehicle, and the owner gets the "motor vehicle registration certificate", you can see that the registration column has more "release of mortgage" and "release of mortgage date", which means that all procedures are successfully handled! After the vehicle is released, there is no need to pay any fees, and the owner can go home directly with the "Motor Vehicle Registration Certificate" after thanking the staff.

2.Retrieving the Motor Vehicle Registration Certificate:

The borrower needs to go to the lending bank to explain to the staff that he wants to get back the motor vehicle registration certificate mortgaged in the bank with his ID card, motor vehicle driving license, bank repayment details and other materials, and then show the repayment details and ID card, etc., and wait for the staff to verify the information before processing. If the borrower takes out a car loan at a finance company, he needs to go to the 4S shop of the purchased vehicle to get back the motor vehicle registration certificate.

3.Procedures for releasing the mortgage of the vehicle:

The borrower goes to the local vehicle management office with the motor vehicle registration certificate, loan settlement certificate, ID card, etc., and submits an application for the release of the vehicle mortgage to the staff, and then provides relevant information as required, and the mortgage can be released after the verification is passed.

4.Change of the primary beneficiary of car insurance:

Due to the relevant restrictions of the lending institution, most of the first beneficiaries of the purchase of car insurance are the lending institutions, and only when the car purchase loan is fully settled, the borrower must change the first beneficiary of the insurance to himself.

What should I do after I pay off my car loan? Learn about the process of unmortising the vehicle, and novices should know.

The process of applying for a car loan, generally, the lender is a valid personal identity document. Including resident ID card, household registration booklet, etc. If the borrower is married, please provide the identity certificate of the spouse (Note: under the same conditions, married people are more likely to get loans than unmarried people) The car loan regulations are as follows:

Application materials to be provided:

Valid personal ID. Including resident ID card, household registration booklet, etc. If the borrower is married, the identity of the spouse must be provided;

Proof of intent to purchase the car issued by the car dealer;

Proof of household registration or long-term residence;

Proof of personal income and, if necessary, proof of family income or property;

If the guarantee is made by means other than the mortgage of the purchased vehicle, the relevant materials of the guarantee shall be provided;

Proof of down payment for the purchase of the car;

If the vehicle purchased by the loan is a commercial vehicle, it is also necessary to provide proof that the purchased vehicle can be legally used for operation.

The procedures for releasing the mortgage of the vehicle are as follows:

1. First of all, it is necessary to apply to the vehicle management office where the mortgage is registered;

2. Secondly, the following materials shall be submitted for the registration of the release of mortgage:

1) The identity certificate of the owner and mortgagee of the motor vehicle; (2) If the person is **, the identity certificate of the **person (if the person is a unit, the original identity certificate of the person in charge shall also be submitted), as well as the written entrustment of the owner of the motor vehicle; (3) Motor vehicle registration certificate; (4) Where the people's court mediates, rulings or makes a judgment to release the mortgage, it shall also submit the effective "Mediation Statement", "Ruling" or "Judgment" issued by the people's court, as well as the corresponding "Notice of Assistance in Enforcement"; 5) If the mortgagee is a unit and has been cancelled, the cancellation certificate of the unit (which can be issued by the industrial and commercial department) and the certificate that the mortgagor has repaid the loan shall also be submitted. Finally, if the DMV accepts and reviews the relevant materials and enters the information, then endorses and issues the motor vehicle registration certificate, and the mortgage release procedures are completed.

Extended information: 1. Handling process.

1.to the vehicle service hall of the vehicle management office or the vehicle service hall of the district (city) and county traffic police brigade;

2.Obtain the Application Form for Cancellation of Mortgage Registration of Motor Vehicle Mortgage and fill in the Application Form for Cancellation of Mortgage Registration of Motor Vehicle Mortgage;

3.Collect the queue number;

4.Submit the Application Form for Cancellation of Mortgage Registration of Motor Vehicle Mortgage, the identity certificate of the mortgagee and the mortgagor, the Motor Vehicle Registration Certificate, the main contract and the mortgage contract concluded in accordance with the law (the cancellation of the mortgage is proof of repayment) and other materials;

5.Obtain the "Certificate of Acceptance of Reason for Motor Vehicle Registration Business";

6.Pay the fee at the designated window of the bank (there is no such step for canceling the mortgage);

7.Hold the certificate of payment of road fees (not required for cancellation of mortgage) and the certificate of acceptance of motor vehicle registration business to obtain the "Motor Vehicle Registration Certificate".

2. [Legal basis] Article 43 of the Guarantee Law provides that if a party mortgages other property, it may voluntarily register the mortgage, and the mortgage contract shall take effect from the date of signing. (The Guarantee Law will expire on December 31, 2020) Article 403 of the Civil Code provides that if the mortgage is made against movable property, the mortgage right shall be established when the mortgage contract takes effect; Without registration, it is not allowed to confront a bona fide third party. (The Civil Code came into force on January 1, 2021).

1. The user goes to the bank to confirm the repayment of the loan: make sure that it is fully repaid.

2. The user should get back the motor vehicle registration certificate: the borrower should bring the motor vehicle driver's license, ID card and bank repayment details, go to the bank where the loan is made to explain the intention to the bank staff, show the repayment details, ID card and other materials, and wait until the staff verifies the information.

4. Change the first beneficiary of car insurance: After all the car purchase loans are settled, the borrower must change the first beneficiary of the insurance to himself.

What are the procedures for releasing the mortgage after repaying the car loan?

After the car loan is paid off, the process of handling the vehicle release procedures is as follows:

Bring the required materials for the release of the mortgage, including my valid identity documents, "Loan Settlement Certificate" and "Motor Vehicle Registration Certificate", etc., to the vehicle registration office to apply for the release of the mortgage, the staff will ask you to fill in the "Motor Vehicle Mortgage Registration Pledge Filing Application Form", and submit the information to the staff, after acceptance, go to the certificate window, and add the information of "release of mortgage, unloading cavity cavity and mortgage removal date" for your "Motor Vehicle Registration Certificate".

In order to maintain a good credit record, we should also pay attention to our own online loan big data in a timely manner, which can be found in the "Beijian Quick Check", click on the query, you can see your own online loan big data report, in order to maintain good credit at all times.

What should I do after I pay off my car loan? Learn about the process of unmortising the vehicle, and novices should know.

If the loan is handled at BAI China Merchants Bank, after the loan is settled, you need to go to the loan handling bank or the post-loan service center to go through the registration procedures for the release of the mortgage. Please be available between 8:30 and 18:00

00 Call 95555 and select "2 Manual Services - 1" Personal Banking DAO Business - "4" Personal Loan Business Returns Enter Manual Services to Provide Loans City to learn more about the required information.

Nowadays, many people are taking out a loan to buy a car, and if you take out a loan to buy a car, you need to use the vehicle as collateral. So, how to release the car loan after it is paid off?

Because when applying for a car loan, the mortgage is registered at the vehicle management office, so if you want to release the mortgage after the car loan is paid off, you must go to the vehicle management office to handle it.

Prepare some relevant information before handling, including the original application form for the registration of motor vehicle mortgage and pledge, the original and copy of the identity certificate of the motor vehicle owner and the mortgagee, the motor vehicle registration certificate, etc., if you entrust others to handle it on your behalf, you also need to prepare the original and copy of the ID card of the client and the ** person, the power of attorney issued by the mortgagee, etc.

Then take these materials to the DMV to release the charge. It should be noted that the owner of the vehicle must be present when the custody is released, but the vehicle does not need to be present.

Of course, some banks may help customers go through the procedures for releasing the mortgage when the customer has repaid the car loan, but most banks will not help the customer to go through the procedures for releasing the mortgage, and basically the owner of the vehicle needs to handle it himself.