If the car loan fails, it is best for the applicant to consult the bank account manager or relevant person in charge in time to understand the reasons for the rejection of the car loan. If it is a personal data problem, you can supplement the information and reapply; If the repayment ability is rejected, the loan application amount may be appropriately reduced and the loan term may be extended; If the loan is refused because of high debt, it is suggested to pay off the loan first and reduce the debt ratio before applying.
What can I do if the loan is rejected?
If you refuse a car loan because of personal credit problems, it is irreparable. Because it is found that after the car loan is rejected, we must carefully understand some reasons and prescribe the right medicine before we can apply successfully again.
The car loan has not been approved, and the deposit paid when applying for a car loan is generally non-refundable. Only when the dealer refuses to perform the contract can the deposit be returned, and part of it will be returned in double. If the loan fails due to the applicant's own reasons, it is generally impossible to ask the dealer to refund the deposit, but you can try to negotiate with the dealer.
General car loan approval may take about a week, but this is just a reference. In fact, according to the situation at that time and the loan platform, some people can announce the approval structure in about 3 working days when the information is complete and correct, and some people need about 15 working days, so the time for car loan approval is not very fixed.
Is there a big chance that the mortgage for buying a car will not be repaid?
It is unlikely, but it is still possible. After more than 90% of the credit information is received, the probability of rejection is very high. The bank won't let you buy a car with a mortgage. In the final analysis, it is more for personal influence!
If you really can't do it, you can do this:
1. Contact the relevant car dealers as soon as possible and ask the specific reasons why the bank can't pass the loan. If the financial certificate fails to pass the audit, a more convincing financial certificate should be provided to the bank. If you can't get a loan due to your own credit problems, you should negotiate with the relevant car dealers and ask them to return the deposit.
2. Communicate with relevant car dealers and apply for a loan from another bank.
3. Get in touch with the auto financing company and seek loan help.
Who is responsible for not being able to automobile mortgage?
Personal responsibility, leading to mortgage car loans can not pass the following three reasons:
1. The borrower needs a stable income and a job that meets the requirements before applying for a car loan. If the borrower's monthly income is unstable, the application for car loan may be affected.
2. To apply for a car loan, the borrower must be able to pay a certain down payment. According to the regulations, the borrower needs at least 30% of the car price as a down payment when applying for a car loan.
3. The borrower needs a good credit status, good credit conditions, and the borrower's credit record is not very good, which will directly affect the loan application and may be rejected.
Legal basis:
Interim Measures for the Administration of Personal Loans
Article 11 An individual loan application shall meet the following conditions:
(1) The borrower is a People's Republic of China (PRC) citizen with full capacity for civil conduct or an overseas natural person who meets the relevant provisions of the state;
(2) The purpose of the loan is clear and legal;
(3) The amount, duration and currency of the loan application are reasonable;
(4) The borrower has the willingness and ability to repay;
(5) The borrower's credit status is good and there is no significant bad credit record;
(6) Other conditions required by the lender.
Article 12 The lender shall require the borrower to apply for a personal loan in writing, and require the borrower to provide relevant materials that can prove that it meets the loan conditions.
What should I do if the car loan mortgage fails?
You can check the reasons for the loan failure first. If the information provided is insufficient, the customer can supplement and improve the information before applying for a trial.
And if it's because you missed the return call from the bank or lending institution, the customer can call back and reapply.
Also, if the personal debt ratio is too high, customers can pay off part of the debt first, and then apply after the personal debt ratio drops.
However, if there are problems with personal credit, such as overdue records in the credit report, in this case, customers may not be able to apply again in a short time, and most applications will be rejected. It is recommended that customers pay off their debts first, and then maintain good credit and improve the credit of their accounts. Wait until the new good record covers the old bad record before applying for a car loan.
If it is because of their average economic conditions and repayment ability, then customers can try to find a person with good credit or a professional guarantee company to guarantee their loans, which can improve the chances of loan passing.
Car loan:
Car loan refers to the loan issued by the lender to the borrower who applies for buying a car. Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at their special dealers. The interest rate of automobile consumption loan refers to the ratio of the loan amount to the principal given by the bank to consumers, that is, borrowers, for purchasing their own cars (non-profit family cars or commercial vehicles with less than 7 seats). The higher the interest rate, the greater the repayment amount of consumers.
Benchmark interest rate:
According to the regulations of the central bank, the benchmark interest rate is implemented for auto loans, but financial institutions can float within a certain range of the benchmark interest rate. The term of auto loans in major banks is generally less than five years, and the interest rate of auto loans directly determines the cost of people's loans and becomes an important factor in determining whether people lend.
Precautions:
Whether to buy a car depends on the owner's funds. When asked about the advantages and disadvantages of car loans, most car dealers are somewhat evasive. They believe that buying a car with a loan can not only enable citizens with insufficient funds to buy their favorite cars in advance, but also allow some citizens with sufficient funds but other uses to free up some funds that would have been used for car prices for development. However, the resulting interest and extra costs have been ignored.