Auto financing loans are based on credit information.

The overdue repayment record of car loan will also be uploaded to the People's Bank of China. If users don't want to cause bad credit information, it is recommended to return each auto financing loan on time.

The auto financing company cooperates with the credit information system of the People's Bank of China. No matter which auto financing company, as long as the user applies for a car loan, the loan record will definitely be recorded.

Some auto financing companies will have a grace period for repayment, and repayment within the grace period is also considered as normal repayment.

Extended data:

There are the following procedures for handling auto loans:

1. The car buyer selects the car to be purchased in the 4s shop and prepares the materials needed for car loan, including ID card, driver's license, marriage certificate, income certificate, work certificate and other materials. Apply to the loan bank for a loan to buy a car.

2. The lending bank will review and investigate the borrower before lending according to the application materials.

3. If the borrower meets the loan conditions of the loan bank, notify the borrower to sign a loan contract, mortgage contract, guarantee contract, etc. at the bank.

4. The borrower goes through the formalities of vehicle mortgage registration and pays the car down payment to the 4s shop.

5. After completing the relevant procedures, the loan bank issues loans, and the borrower can pick up the car at the dealer with relevant certificates.

Auto financing company refers to a non-bank financial institution established with the approval of China Banking Regulatory Commission to provide financial services for auto buyers and consumers in China.

The loan from General Motors Finance Company is one of the more representative ones.

With the increase of consumers' income and the introduction of policies to encourage automobile consumption, family cars are entering the public family at an extraordinary speed. Along with it, car loan products are also constantly innovating.

As far as car loans are concerned, car loans can be provided in all consumer loan products provided by banks, but the market share of car loans is always low.

The reason is that car loans are risky and the proportion of non-performing loans is much higher than that of mortgage business.

At the same time, the amount of auto loans is relatively low, and the pre-loan and post-loan costs that banks need to invest are high, which also makes many commercial banks not interested in this business. The emergence of a more favorable and convenient financial company, such as the loan from General Motors Finance Company, just meets the market demand. Generally speaking, the loan form of financial companies is flexible and targeted, and the loan interest rate provided by financial companies generally varies according to the number of years of car loans and the down payment ratio of car buyers.

Of course, the usual rule is that the shorter the loan term, the higher the down payment and the lower the loan interest rate.

Overseas, buying a car through an auto financing company loan is the most common way of auto loan.

There are also many auto financing companies in China that can provide auto loan services. The main auto financing companies in China market are SAIC-GM, Chuangfu, Volkswagen, Ford, Toyota, Dyke and Beijing Hyundai. The financial products provided by each company are the same and have their own characteristics, which are suitable for different models.

Usually, such companies have the characteristics of low threshold, low down payment ratio, long loan time, flexible approval and fast speed. It can be said that auto financing company loans have gradually become one of the main channels for many consumers to choose auto loans.

Do manufacturers do financial car loans to see credit information?

Manufacturers' financial car loans look at credit reporting. The auto financing company loan has been docked with the People's Bank for credit reporting. When applying for a loan, you need to authorize users to inquire about personal credit information. As long as there is no bad credit record in the user's credit investigation, then the credit investigation is qualified. Even white households with credit information have a certain chance of passing the loan review. Users with poor credit information are basically unable to pass the audit. Therefore, users must ensure that their credit information is good before applying for loans from auto financing companies. If the credit is not good, you must wait until the credit is restored before applying for a loan. All auto loans are made by the central bank, and loans from banks or some auto finance companies will be shown in the credit report.

Personal credit information mainly includes three categories:

1. Identity information, including name, ID number, home address, work unit, etc.

2 loan information, including loan issuing bank, loan amount, loan term, repayment method, actual repayment record, etc.

3. Credit card information, including issuing bank, credit limit, repayment record, etc.

With the gradual improvement of the database construction, information on personal payment of telephone, water, electricity, gas and other public utilities fees, as well as public information such as court civil judgments and tax arrears, will be collected to fully reflect a person's credit status.

The financial mortgage process of car purchase by manufacturers mainly includes:

1, go to the 4s shop and choose the car you want to buy.

2. After selecting the vehicle, fill in the loan application form of the auto financing company, and then hand over your personal ID card and residence certificate (household registration book, utilities, etc.). ) and proof of work income (work permit, salary flow, etc. ) to the staff. If you have certain assets, you can also provide more information about assets and financial resources.

3. After receiving the loan application, the auto financing company will review it according to the information, and the customer can wait patiently for the review result.

4. The auto financing company will inform the customer of the audit results. If approved, the customer will be informed to sign a loan contract, pay the down payment, pay the vehicle purchase tax and handle insurance and other related procedures. After receiving the notice, the customer can sign the car purchase contract, car loan contract and related procedures within the specified time.

5. Go to the local vehicle management office for vehicle mortgage registration. After the formalities are completed, the auto financing company will distribute the remaining funds to the account designated by the auto financing company. Customers can repay their car loans on time according to the agreed repayment plan.

Do you need to check the credit information for car loans?

Banks handling auto financing auto loans need to check their credit information. If someone goes to an auto financing company to apply for an auto loan, there is no need to check the credit information. It goes without saying that auto financing companies don't look at your credit information, so the loan interest is very high, but there is a requirement that lenders need to have a stable job and income source. Compared with banks, the interest rates of auto financing companies are definitely higher than those of banks, especially some small companies.

Do you check the credit of the car loan?

At present, there are two main ways to apply for car loan, one is the auto consumption finance company, and the other is the bank. No matter what kind of financial institution you apply for a car loan, you need to check your personal credit. As long as there are no overdue records for three consecutive months or six times a year, personal credit information will have a chance to pass the car loan review.

If the personal credit is poor and does not meet the requirements for car loan application, then banks and auto financing companies will reject the customer's car loan application.