You can try another institution for a loan.

The reasons that hinder the approval of car loans are:

1. The approval process is blocked if there is no real estate or household registration book

The car loan business requires car buyers to have a household registration book or If you cannot meet one of the two conditions, the application may be rejected no matter how good the bank statement is.

2. It is difficult for those with a down payment of less than 40% to be approved

At present, the amount of borrowing that borrowers can borrow is gradually shrinking, and it is increasingly rare to buy a car with 20% down payment, even if it is available , will also affect the loan review or approval speed. Nowadays, most car buyers choose a loan ratio of 40% to 60% of the car price. It is said that it is difficult to get approved for a car loan with a down payment of 30%. Even if the approval is passed, it will affect the approval speed. .

3. The loan amount/repayment method is directly linked to the monthly payment burden

The loan amount depends on the situation. The maximum loan limit for personal credit or joint liability guarantee is 200,000 yuan. If you apply as a mortgage on the purchased vehicle or real estate, the loan amount you can get is 70%.

Generally speaking, there are two advantages to buying a car with a loan. One is that the money saved can be used in other places, such as investment. The money earned from investment may be more than the interest on the loan; the other is that it can be accumulated. Credit: If you take out a car loan to buy a car, as long as you repay it on time, you can accumulate good personal credit, which will help you apply for loans and credit cards in the future.

Required materials:

1. Application form: It is very important to fill in the automobile consumer loan application form. Generally speaking, the important information in the form, such as age, repayment ability, etc. It is an important condition for the success of your loan application.

2. Personal information: household registration book, guarantor’s ID card, housing certificate, personal income certificate. All documents must be originals and copies. Generally, two sets of copies are required.

3. Proof of repayment: To buy a car by installment, you must have a stable source of income, and you need to provide your own running bills for three to six months. Note: Under normal circumstances, the monthly payment does not exceed the total disposable amount of the family. 60.

4. A third-party natural person must provide guarantee for the repayment of the principal and interest of the loan. Note: Husbands and wives cannot guarantee each other.

5. During the loan period, the loan must be insured once with an insurance company recognized by the bank.