The bank's car loan was approved, but now I don't want to borrow it. Can I not borrow it?

If you successfully applied for a loan, but haven't signed a loan agreement or contract with the lending institution, then you don't want a car loan. Go directly to the bank to apply for cancellation of loans, and the bank will stop issuing loans.

If the application is passed, you have signed an agreement or contract with the lending institution, but the car loan has not been issued yet. If you want to cancel the loan at this time, don't pay the down payment first, discuss with the car dealer and then go to the bank to cancel the loan. After the car loan is passed, the owner will generally be informed and bring the corresponding information to go through the formalities.

Then when the car loan has been credited to the car dealer's account, there is no way to cancel the loan, so we can only choose to go to the bank to repay in advance. Cancelling the loan process is also very troublesome, and there are also penalties and handling fees. It is generally not recommended that you cancel after success.

Car loan:

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.

Type of automobile loan:

Personal loan car purchase business is divided into direct customers, indirect customers and credit card car loans.

The direct customer type is generally a bank car loan for customers to meet directly, and the indirect customer type is generally a car loan from an auto finance company to a customer car loan. The fees charged by banks for direct car loans include deposit, principal and interest, and 3% guarantee fee. And the bank's premium customer fees will be discounted, but the preferential policies of each bank are different.

In addition to the above fees, personal auto financing companies also need to bear supervision fees, fleet management fees and warranty renewal deposits.

And credit cards, car loans. Credit card installment car loan only provides installment payment for bank credit card users, not all conditions can be handled, and there is an audit procedure, which is difficult for credit card users with bad credit records.

The specific steps of buying a car by credit card in installments are roughly as follows:

1. The cardholder (or applicant) calls the bank's credit card center or goes to the local bank to find out whether he can apply for a credit card car loan.

2. The cardholder will fill in the installment order of car purchase at the dealer with his ID card, and the bank background will review it.

3. After the order is approved, the cardholder pays the down payment and goes through the normal car purchase procedures.

4. After the vehicle is licensed, the cardholder needs to go to the bank to go through the mortgage formalities and purchase the required auto insurance.

Finally, I can drive the car away smoothly.