No Parking automobile mortgage Process 1. The borrower consults the lending institution (bank or loan company) about the loan business and applies. 2. The borrower prepares all materials required by the loan bank and submits them to the bank. 3 lending institutions to assess the mortgaged vehicles. 4. The lending institution shall review the materials submitted by the borrower. 5. After approval, notify the borrower to sign the loan contract. 6. Handle the vehicle mortgage and pay the appraisal notarization fee. 7. Lending institutions install GPS on mortgaged vehicles. 8. When granting a loan, the borrower shall repay it according to the regulations.