1. Banks have strict requirements on the income, collateral and other assets of car loan applicants, and at the same time, they also need local citizens' guarantees, real estate licenses and other cumbersome procedures; Relatively speaking, it is much easier to get loans from banks or auto financing companies through 4S shops, and many auto loan businesses are unsecured and unsecured.

2. The approval of the bank is fast, and the funds will arrive in 3 days. 4S stores must apply through banks or financial institutions before they can be approved.

Banks have no restrictions on the types of loans, while 4S stores only provide loan services for their models.

Bank loan refers to an economic behavior that banks lend funds to people in need of funds at a certain interest rate according to national policies and return them within the agreed time limit. Generally, you need a guarantee, a house mortgage, proof of income and good personal credit information before you can apply.

Moreover, in different countries and different development periods of a country, the types of loans classified according to various standards are also different. For example, industrial and commercial loans in the United States mainly include ordinary loan limits, working capital loans, standby loan commitments, and project loans. In Britain, industrial and commercial loans mostly take the form of discounted bills, credit accounts and overdraft accounts.

Baidu Encyclopedia _ Bank Loan