With the development of Internet loans, driven by the huge market, the subdivision of consumer finance has been growing, and the traditional loan product of automobile installment has derived various forms. Buying a car with zero down payment, sending all risks and picking up the car at high speed have become selling points. So what are the regular car loan apps on the market now? Is the interest rate low?

First, the ranking of car loan apps

Alipay auto finance: Alipay auto finance is an auto mortgage financial loan under Alipay, which is used for auto mortgage consumption. The minimum annual interest rate is 65,438+08%, and the maximum loan is 300,000.

E-payment for auto insurance: E-payment for auto insurance is the consumer finance in Yin Bei, specifically for friends who own private cars. You can purchase the auto insurance you need through Yin Bei Consumer Finance Auto Insurance E without providing any mortgage or guarantee.

The loan interest rate paid by auto insurance e is determined according to the borrower's comprehensive credit situation. The annualized loan interest rate can be as low as 0% and as high as 0%. Everyone needs to pay the account management fee and installment fee. Generally speaking, the monthly rate of account management fee and installment fee is between 0%.

Second, is the interest rate of car loan App high?

I randomly found an installment product on the loan platform, with car price 10000 yuan, down payment 10%, loan 10000 yuan, and monthly repayment for 36 months 10000 yuan.

Calculate the actual annual interest rate as high as!

Compared with bank loans, it is indeed much higher. If you choose a loan or a credit card provided by the bank in installments, the annual interest rate will be at most 10%. Don't be blinded by the full insurance, and carefully calculate it before placing an order.

Of course, the auto consumer loan App also has its own advantages, such as fast payment, good service and simple process. Novice Xiaobai can easily get his own car through this channel. If he doesn't care about interest expenses and pursues peace of mind and effort, then this way is also a good way.