Car loan loan process

What is the process of car loan and what should you pay attention to when buying a car with a loan. I have compiled the car loan lending process for you, I hope you like it! Car loan lending process

1. Develop customers

Currently, the customers for this product mainly come from those who cooperate with the small money loan platform 4S stores are for new car incremental customers and existing customers planning to exchange cars. Initial publicity and marketing rely on 4S stores, without the need for specialized marketing specialists.

2. Screening customers

This loan product is mainly aimed at some customers who cannot meet the requirements of a pure credit car loan. To apply for a loan, certain conditions must be met.

Loan application conditions: 1. Have a stable source of income

2. New car purchase customer

3. Interview with the customer

1 ) Stationed risk control specialists interview customers to roughly screen them, communicate with them, and explain the advantages of the company's products (low interest rates, high quotas, fast speed, etc.)

2) Basic information about customers should be understood:

1. Vehicle situation (model, brand, displacement, configuration, etc.)

2. Required amount

3. Borrowing period

< p> 4. Source of repayment

3) Information submitted by the customer:

1. Original ID card, residence permit (non-Takehu)

3. Driving Certificate

4. Original local bank card

5. Real estate or other additional information

4. Customer filling in (Customer Personal Information Form)

< p> Customers should try their best to fill in the customer information form clearly in block letters. The customer information form must fill in all the required items:

1. Applicant’s name, gender, ID number, mobile phone number, registered address, Detailed residential address

2. Work unit, company address, income certificate, company landline phone number

3. Contact information, spouse, relatives, other phone numbers

4. Applicant’s signature

6. Negotiation and collection of customer information

Negotiation content:

1. Understand customer needs and loan time

2. Company interest, repayment method, other expenses

Collect and copy the information:

1. Original motor vehicle registration certificate (2 copies)

2. Original ID card, residence permit (non-Wuhu) (4 copies)

3. Driver’s license, driving license, original insurance policy (1 copy)

4. Original local bank card (2 copies)

5. Spare car keys

6. Real estate or other additional information (1 copy)

7. Customers The manager fills in the business approval form

Except for the loan amount and contract period, the business approval form must be filled in completely by the account manager:

1. New loan option

p>

2. The source of the project is based on the actual situation

3. Name and phone number of the person in charge

4. Customer’s name, phone number, license plate number, loan period, comprehensive interest< /p>

5. Vehicle status

6. Account manager’s signature

8. Business approval form signed by the business director

The account manager has completed the business approval form After the form, ask the department manager to sign

9. Submit the information for review

After the account manager copies the information, submit the original and copy to the risk control department for review

Submit Information:

1. Customer information form

2. Evaluation report

3. Original motor vehicle registration certificate (2 copies)

< p> 4. Original ID card, residence permit (non-Wuhu) (4 copies)

5. Driver's license, driving license, original insurance policy (1 copy)

6. Original local bank card (2 copies)

7. Spare car keys

8. Real estate or other additional information (1 copy)

10 , Preliminary review by the risk control specialist

11. Interview by the risk control specialist

The risk control specialist will issue a detailed risk control report and provide opinions

12. Risk control specialist Review by the Control Manager

Review the loan request through the Risk Control Specialist to determine the customer loan amount

13. Print contracts (loan contracts, car mortgage contracts, financing service agreements

) Stapled in triplicate

Documents required for printing the contract:

1. Original motor vehicle registration certificate

2. ID card, residence permit (not Takehu) originals

3. Driver’s license, driving license, original insurance policy

4. Original local bank card

5. Customer information form

6. Evaluation report

14. Signing the contract

Risk control interview

15. Handling pre-transfer procedures (tentative)

16. Go out to handle mortgage registration

Things to note when handling mortgage registration:

1. The risk control specialist must be familiar with the route to the vehicle management office

2. Contact the company’s creditors in advance

3. Prepare materials: mortgage contract, loan contract, original and copy of the vehicle owner’s ID card (residence permit) not taken by Wuhu, mortgage registration form, creditor’s identity Copy of certificate

4. Control the time: 9:00-12:00, 13:30-17:00

17. Change insurance and add special agreements

The specially agreed content is: This policy is a vehicle insurance policy purchased with a car consumer loan. Without the written consent of the first beneficiary, this policy may not be surrendered, reduced or modified, and the compensation amount for a single vehicle accident shall not exceed In RMB, compensation can be paid directly to the insured without the consent of the first beneficiary.

Information: Vehicle insurance and commercial insurance policy, original and paid ID card of the vehicle owner, organization code certificate (with official seal) 18. Install GPS

Generally before the vehicle is delivered When installing a GPS in a 4S store, the GPS required for loan vehicles is required to be installed at a comprehensive cost of RMB. The phone number of the person in charge of the installation is:?

19. Pre-loan review

After all the above procedures have been completed, The account manager will submit all loan information to the risk control department for review before lending, and the risk control department will issue an audit report.

Audit matters:

1. Whether all procedures are complete and verified

2. All contracts are signed

3. Fund payment application Fill in the form

20. Review by company leaders

Signature of the business director, signature of the financial director, and signature of the general manager

21. Loan

< p> When disbursing money, you need to hand over a copy of the fund payment application form, business approval form, and bank card copy to Financial Loan 22. Information Archiving

After discharging the money, the account manager will hand over all the information and spare keys. Go to the post-loan department and archive it. 23. Post-loan monitoring

The post-loan department arranges specialized personnel to check the customer's route every day, and register and record whether the customer's long-term fixed route and frequent stops are consistent with the pre-loan review information. If not, Immediately arrange for post-loan personnel to understand.

24. Disposal of abnormal households

Once the post-loan department discovers that the loan customer’s initial intention is abnormal, it will immediately control the vehicle and ask the company leaders for instructions to take corresponding measures to deal with it. Things to note and frequently asked questions when buying a car with a loan

1. The deposit cannot be refunded if the loan is not approved

When a car buyer chooses a car, the dealer will usually ask him to pay a part of the deposit first. At this time, you must pay attention: when paying the deposit, you must make an agreement with the dealer on how to refund the deposit if the loan cannot be obtained.

2. Act according to your own circumstances

Some car buyers buy luxury cars through loans without considering their own financial situation for the sake of face. After successfully obtaining the loan, they buy luxury cars again. Without scrimping on food and clothing, high consumption will bring huge pressure to life, leading to the dilemma of being unable to repay the loan. Therefore, when you take a loan to buy a car, you must act according to your actual situation and do not be greedy for vanity.

3. The loan requires purchasing insurance from a designated insurance company

When taking a loan to buy a car, some banks require the borrower to purchase insurance from a designated insurance company. This is generally true. It is clearly stated in the contract, so be sure to read the relevant terms when signing the contract. If you have any objections, you should raise them in time so that timely negotiation and modification can be made.

4. How to refund the deposit should be agreed upon

Although many banks have launched car loan services, there is no guarantee that every car buyer can successfully obtain a loan, so when buying a car When paying the deposit, the car buyer should agree with the dealer how the deposit will be refunded if the car loan cannot be disbursed smoothly to avoid wasting the deposit.

5. Repay the loan in full and on time

Car buyers who successfully obtain a car loan must repay the loan in full and on time as agreed. If the loan is overdue, not only will penalty interest and retention be imposed If you have a bad credit record, the loan principal and interest may be withdrawn by the bank in advance or you may bear legal liability.

6. Read the loan contract carefully

When buying a car with a loan, some dealers or lending institutions will require the car buyer to purchase car insurance from a designated insurance company, and this clause will also It is mentioned in the loan contract that if you do not want to be cheated, you should read the contract content carefully when signing the contract. When taking a loan to buy a car, you must pay attention to the following matters:

1. Understand the loan requirements

Before taking a loan to buy a car, the borrower must understand the requirements of the lending institution, especially for Monthly income, occupation, and credit requirements, because lending institutions will judge the borrower's qualifications based on these factors and then determine whether to lend. If the borrower can know the loan requirements, they can make a good assessment.

2. The loan procedures must be complete

Before applying for a loan to buy a car, the borrower should prepare the necessary procedures for the loan, such as valid identity certificate, marriage certificate, income certificate, etc. , to avoid being denied a loan due to incomplete procedures, thereby delaying the loan disbursement time.

3. Determine the loan amount

When taking a loan to buy a car, the borrower should determine the loan amount based on his own financial needs and repayment ability. Be careful not to blindly borrow money to avoid losing more than you gain. .

4. Choose the repayment method

The repayment method for car loans is also based on equal principal and interest and equal principal. Judging from the total interest expenditures alone, equal principal payments save more money, but the early repayment pressure is high; while equal principal and interest payments have relatively balanced repayment pressure, but the total interest payments are higher. Therefore, the author recommends that you choose a repayment method based on your own situation.

Although it has become mainstream to buy a car with a loan, the author still wants to remind everyone that when applying for a car loan, you must be cautious to avoid falling into a "trap". So, what are the common problems and pitfalls of car loans?

1. Zero interest rate

In order to attract customers, some car dealers launch "zero interest rate" car loan discounts. On the surface, if you choose this loan method to buy a car, the car buyer can save a lot of money, but this is not the case. If the car buyer participates in the "zero interest" loan car purchase activity, the purchased model must be paid according to the manufacturer's guide price , you cannot enjoy other preferential activities for new cars, but the price of some models that do not participate in the "zero interest rate" activity may be lower than the price of participating cars after discounts.

2. One-yuan car insurance

In addition to the “zero interest rate” discounts, some 4S stores will also launch “one-yuan car insurance” discounts. In fact, "one-dollar car insurance" is just a gimmick. Car buyers have to purchase other types of insurance on their own, so you must understand it clearly when participating in this promotion to avoid increasing the cost of purchasing a car.

3. Signing a loan contract

Don’t think that signing a loan contract is a simple and casual matter. You must read the content clearly before writing, and beware of repeated charges or hidden charges in the contract. ?In case of additional conditions.

In fact, although you need to pay interest when buying a car with a loan, it is not without its merits. Now let me tell you about the benefits of buying a car with a loan.

Benefit 1: Does not affect cash flow

Although there is no need to pay interest when buying a car in full, the funds on the hands of car buyers may become tight after paying the full price. If you encounter an urgent need for cash flow, it may be difficult to cope with it for a while. If you choose to take a loan to buy a car, it will not affect the cash flow on hand.

Benefit 2: Conducive to financial management

Why do you say this? Looking at the current situation, the annual yield of most financial products is higher than the loan interest rate, and cars are depreciating goods. In this case, if you choose to take out a loan to buy a car and then use the money you have to invest in financial management, you may be able to earn extra money, thereby reducing the losses caused by the depreciation of the car.

Benefit 3: Quickly join the car ownership community

For car buyers with insufficient funds, buying a car with a loan can quickly join the car ownership community. As Xiao Wang said, it is possible to work hard for a few years and then buy a car in full, but if you see friends around you own cars, or go on a long trip, you may not think so.

There are four main forms of car loans: direct bank loans, credit card installment loans, loans through car finance companies, and loans through third-party guarantees or installment companies. I will introduce them separately below, hoping to be helpful to those who plan to buy a car.

1. Find a bank loan directly

In the past, this loan method was more common, but the review of applicants was very strict and the review time was long. Now many banks no longer Handled a personal loan from the bank to buy a car.

2. Credit card installment loan

Generally there is no interest, but there is a handling fee. The customer needs to have a credit card from the corresponding bank, and some require the cardholder to hold the card for at least one year. Only those above can apply for a credit card installment loan to buy a car. In addition, this kind of loan requires high credit rating of the cardholder and the review is relatively strict.

3. Get a loan through an auto finance company

It is the most convenient. It only requires an ID card and can be completed in one day at the fastest. It is equivalent to the seller lending to the customer from the auto finance company's capital pool, so the review process is relatively simple. However, there are some processing fees when taking out a loan.

4. Through third-party guarantee or installment company loan