How long does it take to approve the bank car loan?

1. How long does it take to review the car loan?

Under normal circumstances, through the auto finance of 4S stores, the speed of applying for auto loan review is relatively fast, because the qualification review of car buyers is relatively loose, and the next payment rate is high.

If the proof materials provided by the borrower are fully prepared, the time for applying for a car loan is about one week at most. Generally, the loan can be released in 3 or 5 days, and the staff will call you.

However, at the peak of car purchase, it usually takes a long time to apply for car loan according to the normal process. The specific audit time needs to be determined according to the audit of the lending institution. If too many people sign up at the same time, it may take a long time.

The review time of bank car loan will be slow, and the local bank needs to report to the superior bank after review, so it will take about half a month to one month to successfully lend money to the bank.

Second, the reasons for the slow review of car loans

1. Personal information is incomplete.

Car loan business requires car buyers to have household registration books or real estate licenses, as well as a series of certificates. If there are errors or problems, it will affect the approval time.

2. Advance payment

Now most car buyers choose a loan ratio of 40% to 60% of the car price. Too low down payment will affect the approval speed.

3. Special circumstances

If you encounter policy reasons, it will lead to insufficient institutional or bank quotas. You may have to wait in line for a while, and take the initiative to contact the account manager to ask about the approval progress.