1. Apply for a loan

After consultation between the borrower and the lender, the borrower applies for a loan from the lending institution and submits the information required for the loan.

2. Review and approval

The lending institution shall review the materials submitted by the borrower, understand the credit information of the borrower, check the vehicle ownership certificate of the car and understand the actual situation of the borrower. In line with the conditions, the lending institution shall approve the borrower's application.

Step 3 sign a contract

After the approval, the lending institution will evaluate the car, and after the evaluation price comes out, it will negotiate with the borrower and sign a loan contract.

4. Go through the formalities and the lending institution issues loans.

After the reception contract is signed, the borrower goes through the formalities of car mortgage, buys insurance and pays the handling fee. After all the formalities are completed, the lending institution will issue the loan.