It takes one month or half a year for some banks to apply for loans for newly transferred vehicles. The specific time mainly depends on the local banking policy. It is recommended to consult the local bank.

Automobile mortgage processing flow:

The lending institution receives the information provided by the applicant;

Conduct home visits, investigate and evaluate the value of the applicant's vehicle;

The lending institution initially reserves the loan amount;

Handling entrustment notarization and loan notarization;

The lending institution accepts the relevant documents of the applicant;

Go through the mortgage registration formalities;

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