Can I get a loan to buy a car and pick it up after receiving the SMS approved by the bank?

The Measures for the Administration of Automobile Loans have corresponding provisions:

Article 24 When granting auto loans, the lender shall require the borrower to provide mortgage or other effective guarantee for the purchased car. Upon examination and evaluation by the lender, it is confirmed that the borrower has good credit and can really repay the loan, and no guarantee may be provided.

Lenders should directly or entrust designated dealers to accept applications for auto loans, improve the separation system of loan review, and strengthen pre-loan review and post-loan follow-up collection.

Extended data:

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Relevant laws and regulations of the Measures for the Administration of Automobile Loans:

Article 27 The lender shall establish an auto loan classification monitoring system according to the loan amount, regional distribution of loans, financial status of borrowers, auto brand, mortgage guarantee and other factors. , and regularly check and evaluate different types of auto loan risks. According to the inspection and evaluation results, adjust the risk level of various auto loans in time.

Commercial banks may set up branches within and outside People's Republic of China (PRC) according to their business needs. The establishment of branches must be examined and approved by the the State Council Banking Regulatory Authority. Branches in People's Republic of China (PRC) shall not be established according to administrative divisions.

Article 28? When a commercial bank establishes a branch within the territory of People's Republic of China (PRC), it shall allocate working capital suitable for its business scale in accordance with the provisions. The sum of working capital allocated to each branch shall not exceed 60% of the total capital of the head office.

Baidu Encyclopedia-Measures for the Administration of Automobile Loans