Can I disburse the car loan after passing the preliminary review?

Can the loan be disbursed on the same day after the car loan is approved?

It does not necessarily mean that the car loan can be disbursed on the same day after the approval is approved, because after the approval result comes out, the bank needs to notify the customer. If the approval is passed, then You also need to agree with the customer on a time to sign the loan contract and handle insurance, vehicle mortgage registration and other procedures.

A car loan refers to a loan issued by a lender to a borrower who applies to purchase a car. Car consumption loans are a new loan method that banks issue RMB-guaranteed loans to car buyers who purchase cars at their authorized dealers. The interest rate of automobile consumer loans refers to the ratio of the loan amount to the principal issued by the bank to consumers, that is, borrowers, for the purchase of personal cars (non-profit family cars or commercial vehicles with 7 seats or less). The higher the interest rate, the greater the repayment amount the consumer will have to pay. The term of automobile consumer loans is generally 1-3 years, with a maximum of no more than 5 years. Among them, the loan period (including extension) of second-hand car loans shall not exceed 3 years, and the loan period of dealer car loans shall not exceed 1 year. The benchmark loan interest rate is stipulated by the central bank. Auto loans are subject to the benchmark loan interest rate, but each financial institution can float within a certain range above and below the benchmark interest rate. The car loan period of major banks generally does not exceed 5 years. The interest rate of car loans directly determines the cost of people's loans, and thus becomes an important factor in deciding whether people take loans for consumption.

Notes:

Whether or not to buy a car depends on the car owner’s financial situation. When asked about the pros and cons of buying a car loan, most car dealers are somewhat evasive. They believe that taking out a loan to buy a car will not only allow citizens with insufficient funds to buy a car of their choice in advance, but also allow some citizens who have sufficient funds but have other uses to free up some of the funds that would have been used in the car price for development. . However, the resulting interest and additional charges are ignored. There is no doubt that "interest-free and handling fee-free" has made many people who could not afford a car have the urge to buy a car. However, the problems behind this excellent value for money have made many people not consider it carefully. Some auto credit practitioners believe that, Consumers must pay attention to three points when buying a car with a loan:

First, after enjoying the merchant’s “zero-interest-free loan”, can they still enjoy the car price discount?

Second Second, the car loan handling fee in the market today is in the range of 4 to 7.5. Is the interest fee waived and the handling fee increased?

Third, the general car purchase interest rate is charged according to the bank’s benchmark interest rate. Is the handling fee waived? Fees and interest will be higher than the bank's base interest rate. At the same time, because you choose a loan, the new car insurance must be "fully insured", which will incur larger premium expenses. Therefore, the most important thing when getting a car loan is to shop around. Consumers should choose a formal car loan service company with certain qualifications and strength. Their services, fees, etc. are not only standardized, but also will not leave you any hidden dangers. . Can the car loan be disbursed on the same day after approval? Reasons for not disbursing the loan after the car loan is approved

If the car loan is approved, the loan may not be disbursed on the same day. Although the review result is passed, you still need to agree with the customer on a time to sign the loan contract, handle insurance, vehicle mortgage registration, etc. Only after these procedures are completed will the bank issue the loan. Therefore, it usually takes a few days from the time the car loan is approved to the bank loan to the account. If it is faster, it may be three to five days, or even more than a week. Of course, if the efficiency is fast enough, it is also possible to achieve same-day lending.

Reasons for not disbursing loans after car loan approval 1. No corporate transfers during holidays: Because banks do not handle corporate business during holidays, financial institutions generally do not disburse loans during holidays; 2. Lending institutions are short of funds: It may be that due to the surge in business, the lending institution has no money to lend, which may also cause the loan to be approved but the loan has not yet reached the account; 3. Failure to pass the second review: Generally, another review will be conducted after the initial review. If it is found that the audit results are wrong or a large amount of debt has been added, it may cause the second audit to fail, thus affecting the loan; in addition to the above reasons, it is not ruled out that there are other reasons that lead to the failure of the loan after the audit is passed. , when this situation occurs, it is recommended that the car owner consult the relevant personnel first to understand the reason why the loan has not been released. How do you know if your car loan has been approved? Generally speaking, there will be a text message notification after passing, as shown in the picture above, and you will also receive an email notification. If you have the lending institution’s APP, there will also be notifications on it. Car loans are large-amount loans, so there will be many channels to notify car owners. Only after the car owners confirm, the lending institution will execute the loan. Can a car loan be approved if it is pre-approved?

Passing the pre-approval of a car loan does not mean that it will be approved in the end. Because whether you can successfully apply for a loan depends on the final approval result. If you pass the preliminary review, there will be a final review. If you pass the preliminary review, it only means that the customer has initially met the requirements of the bank (auto consumer finance company) and met the application qualifications. Then the loan handling bank or automobile consumer finance company will conduct a comprehensive assessment of the customer's economic income, debt situation, repayment ability, etc. based on the information provided by the customer, and understand the customer's credit level by querying the customer's credit report. Only after the final review and assessment is passed, the bank (auto consumer finance institution) will approve the corresponding quota based on the assessment results.

It is precisely because of this that having a pre-approved quota does not mean that the car loan is 100% successful. There is a high probability that the final approved amount will not be the same as the pre-approved quota, and most of it will be Less than the pre-approval amount.

The loan process after the car loan application is approved:

(6) First pay the down payment at the 4S store (this is the first step for you to prove your payment credit to the bank) .

(7) After a few days, you will receive a credit card from the bank.

(8) After waiting for about a week, the bank will send you a text message informing you that the money has been deposited into your account. Then you take this card and go to the 4S store to pay with the card. This amount is directed by the bank to the 4S store and cannot be spent or transferred elsewhere.

(9) The 4S store has withdrawn this amount, plus the down payment you have paid before. At this point, the 4S store has collected the full payment. Theoretically, you can take the car away (of course, in the best case) It is better to decide to wait for a good license plate before picking up the car). (10) The rest is the lending relationship between you and the bank.

Car loan types:

Personal loan car purchase business is divided into three types: direct customer loan, indirect customer loan, and credit card car loan.

(1) The direct customer type is generally a bank car loan where the customer meets directly for the loan, and the indirect customer type is generally a car finance company car loan where the auto finance company transfers the customer to the customer. For direct bank car loans, the fees collected are deposit, principal and interest, 3 guarantee fees, etc. The fees for high-quality bank customers will be discounted, but each bank's preferential policies are different.

(2) In addition to paying the above fees, the car loan of Jianke Auto Finance Company also needs to pay supervision fees, fleet management fees, and warranty renewal deposits.

(3) There is also a credit card car loan. Credit card installment car loans only provide installment payments to bank credit card users. They are not applicable under any conditions. There is also an review process for those with bad credit records. It is difficult for credit card users to apply.

Loan conditions:

(1) Have valid identity certificate and full capacity for civil conduct.

(2) Be able to provide proof of fixed and detailed address.

(3) Have a stable career and the ability to repay the principal and interest of the loan on schedule.

(4) Personal social credit is good.

(5) Hold a car purchase contract or agreement approved by the lender.

(6) Other conditions stipulated by the cooperative institution.