You need to consult the loan company specifically on this question, whether to deduct the handling fee or interest directly, which is illegal.

Automobile mortgage is a loan obtained from a financial institution or an automobile consumption loan company with the borrower's or a third party's car or self-purchased car as collateral. At present, the main purpose of loans secured by automobiles is automobile consumption. To apply for automobile mortgage, the loan period can be calculated on a daily or monthly basis, and the longest period cannot exceed half a year. When applying for automobile mortgage, the loan amount: The loan amount can be 80%-90% of the existing value according to the age and condition of the car.