Auto loan approval is the same as other loan approval. Whether it can be approved depends mainly on the qualifications of the loan applicant. Theoretically, as long as users meet the application requirements of loan products, it is relatively easy to pass. But overall, the application threshold of car loan is higher than credit loan, but lower than mortgage loan. Applicant 18 years old or above, has a stable work unit and income source, personal debt ratio is less than 50%, no bad credit record, and the probability of obtaining a car loan is high.

The reasons why the car loan passed and failed are as follows:

Car buyers have insufficient repayment ability and unstable willingness to repay.

1. The repayment ability is weak. The management will evaluate the repayment ability of customers through their income level and liabilities. Customers are generally required to pay their wages to the bank. If the evaluation is unqualified, it proves that the loan will be rejected. Therefore, when the mortgage specialist collects information, if he finds this problem of the customer, he should ask the customer to supplement other income certificates or asset ownership certificates in time to improve the customer's qualification and loan pass rate;

This job is unstable. Most employers usually require their customers to have a stable job, because a stable job means a relatively stable income. If the customer is a freelancer, with high or low income and frequent job changes, it is difficult to obtain loan qualification. Of course, different employers have different evaluation conditions for job stability.

3. High debt ratio. Debt ratio is also an important factor for employers to evaluate customers' repayment ability. If the debt ratio is too high, the loan will naturally be rejected, because there is a high risk that the customer will not be able to repay. Taking banks as an example, it is stipulated that if the total monthly loan repayment of customers is higher than 50% of monthly income, it will not be approved.

Doubts about the purpose of buying a car

The so-called earmarking, financial institutions also need to confirm whether consumers have a clear purpose and willingness to buy a car, otherwise it will bring the risk of overdue or default.

1. Except immediate family members and spouses, you cannot apply for a loan on the grounds of buying a car for others. For example, consumers say that they are boyfriends or cousins who buy cars, and financial institutions will refuse to lend money because of the risk of default;

2. The price of a new or used car is 20,000 to 30,000 higher than the guide price or market price. Even if consumers lose their minds at the beginning of buying a car and buy a car, will they suddenly wake up and feel that the car has sold tens of thousands more? Even if the financial institution takes back the car and sells it in the second-hand market, it will not make up the loan amount. Similarly, if the car condition is obviously bad, financial institutions mortgage assets with distorted values;

The customer service called the consumer and the consumer didn't know anything.