Steps in applying for a car loan: First, the borrower submits application materials; the borrower conducts a preliminary review of the application materials submitted by the lender and conducts a credit investigation and customer evaluation; after passing the review and investigation, both parties sign the contract and issue the loan , mortgage and other procedures, you can get the loan after the contract takes effect.

There are several channels for car loan processing: (1) Bank loan. Choose to buy a car through bank loan. The loan interest rate is moderate and there are many types of cars to choose from. However, the actual process of applying for a loan takes time and energy. In order to control risks, banks usually take a long time to review and require applicants to submit a lot of information. If you want to apply without worrying about trouble, bank loans are a good choice;

(2) Credit card installment As we all know, there is no interest fee for credit card installment, which is also the biggest advantage of buying a car through credit card installment. At the same time, credit card installment is convenient and fast, and can be done with just one phone call. Sometimes when a bank cooperates with a car dealership, you can enjoy a certain discount. However, it should be noted that although there is no interest fee for credit card installment, there is a handling fee. The longer the installment period, the higher the handling fee. Usually, the handling fee for an installment exceeding one year will be the same as or equal to the bank's consumer loan interest rate for the same period. Slightly higher.

(3) Auto Finance Company It is not only convenient and fast to buy a car through auto finance company loan, but the application threshold is not high. As long as the consumer has a certain repayment ability and has paid the loan down payment, he can Apply for a loan. However, consumers also need to pay attention to the fact that when buying a car with a loan from an auto finance company, the loan cost is usually relatively high. In addition to paying loan interest fees, there are also a series of fees such as handling fees. (4) Small loan companies can buy cars through small loan companies. The threshold is not high, the choice of car models is not restricted, and the rates are higher than those of banks. The loan methods and repayment methods are more flexible, and the approval is slightly faster than that of banks.