What is Huishang Bank’s credit card car installment business?

Introduction to Huishang Bank Credit Card Car Installment

Huangshan Credit Card Car Installment is one of the Huishang Bank credit card "Xinbinfen" consumer finance brand series products. Car installment business refers to the business in which the applicant, after paying the down payment stipulated by our bank, uses his or her credit card held by our bank to overdraft the remaining balance of the car purchase and handles the installment payment procedures to purchase a car for personal use (excluding second-hand cars). The automobile installment business is divided into two business models: inter-customer type and direct customer type.

Huishang Bank Credit Card Car Installment Business Process

(1) Interim Customer Business Process

1. Customers purchase cars at our bank’s cooperative car dealers ;

2. The customer submits application materials to our bank’s account manager;

3. Our bank accepts the customer’s application and approves the loan to the car dealer’s account;

4. The customer repays the amount listed on the credit card bill every month.

(2) Direct-to-customer business process

1. Customers apply directly to our bank for direct-to-customer car installment business;

2. Customers apply to our bank for Submit the application materials;

3. Our bank approves and grants the car purchase quota;

4. The customer takes the card to any car dealer and swipes the card to purchase a car;

5 , The customer applies for installment payment from our bank;

6. The customer repays the amount listed on the credit card bill every month.