If the car loan is approved but the contract is not signed, it can be cancelled, and there is no need to handle related loan business. As for the handling fee, it can be decided according to the situation at that time, and it is generally not refundable.
You can go back on your word if you don't take the car loan, but it will have some influence according to the actual situation. If the audit result is passed, but the contract has not been signed and the car loan has not been released, this situation is relatively easy to solve, and the loan is directly cancelled, and then the 4S shop directly negotiates according to the car purchase contract.
If the car loan has been lent, it will be more troublesome to apply for repayment at this time. Generally, you can only repay the loan in advance, but it will take one year, otherwise there will be liquidated damages and handling fees. Moreover, there will be a certain loan record, which will even have a certain impact on credit information.
In short, you should be clear about your thoughts before applying for a loan, and it is best not to wait until the loan is released to regret it. Cancelling the loan is not a simple matter. If the degree is relatively light, you have to pay liquidated damages and handling fees. If it is serious, you will have a credit record, and a bad credit record may affect your future economic life. Simply put, if there is a record of account cancellation, it is likely to affect the next loan.
I just submitted a car loan application at the 4s shop, and now I don't want to borrow it. Can I cancel it?
You can cancel, just cancel it directly;
4S loan application process:
First of all, car buyers go to the 4S shop to consult the car purchase situation and loan application method;
Then, the 4S shop conducts a preliminary examination of the loan qualification of the car buyer and signs an opinion;
Third, the 4S shop rechecks the loan qualification of car buyers and conducts the preliminary examination of banks;
Fourth, after the approval, the 4S shop signs a car purchase contract with the car buyer, and the car buyer pays the down payment and handles the bank account for it;
Fifth, handle mortgage, notarization, insurance and other procedures;
Sixth, bank lending;
Seventh, the car buyer picks up the car.
Of course, different 4S stores choose different banks, so the loan process may be different.
Extended data:
auto loan
Refers to the loan issued by the lender to the borrower who applies for car purchase. 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.
Potential borrower
The borrower must be a permanent resident of the place where the loan bank is located and have full capacity for civil conduct.
deadline
The term of automobile consumption loan is generally 1-3 years, and the longest is no more than 5 years. Among them, the term of second-hand car loan (including extension) shall not exceed 3 years, and the term of dealer car loan shall not exceed 1 year.
loan rate
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.
How to calculate the car loan interest rate
The calculation formula of monthly car loan payment: a = p (1+I) [(1+I) n-1]/N2/I.
A: Monthly contributions.
P: total donations
I: monthly interest rate (annual interest rate/12)
N: Total months of contribution (year × 12)
Specific data of loan interest rate
The actual interest rate of car loan is set by the handling bank according to the actual situation of customers and with reference to the benchmark interest rate stipulated by the central bank. Generally, customers with excellent conditions can enjoy the benchmark interest rate or float down 10%, while ordinary customers need to float up 10% on the basis of the benchmark interest rate.
Treatment process
First of all, the lender needs to prepare ID card, residence certificate, work certificate, loan use certificate and other supporting materials, go to a bank, fill out an application form and fill out a contract.
Then, wait for the bank's pre-loan qualification investigation and approval. If the lender meets the loan conditions stipulated by the bank, the bank will inform the lender to fill out some loan forms. If the loan applied by the lender needs mortgage or guarantee, it is also necessary to sign a guarantee contract and a mortgage contract, and go through the mortgage registration procedures; If the loan is unsecured, there is no need to sign such a contract.
Secondly, banks issue loans to lenders. Generally, banks will lend money within 2 to 3 weeks or 1 month after the approval is completed, and the loan can be released within 1 day at the earliest.
Finally, the borrower will pay the down payment to the car dealer, and handle the car pick-up formalities with the passbook and the car pick-up note issued by the bank.
In the process of applying for personal automobile consumption loan, the applicant needs a copy of ID card, household registration book, marriage certificate, income certificate, bank statement, real estate license and so on.
Can I cancel the car loan application?
Cancellation method of successful car loan application: 1. If the loan is signed. After the car loan is passed, there will be a loan receipt signing procedure. As long as it is not signed, the car payment will be cancelled; 2. If the car payment is in the process of approval. You can apply to the lending institution to cancel the car loan; 3. If the car payment has been paid. Unable to cancel the car loan application; 4. Submit an application through an intermediary. When the bank has entered the approval node, or can't contact the bank, you should persuade the intermediary to help you contact the bank to suspend the approval process. It may cost a little more, but car buyers also have their own benefits, that is, to terminate the car purchase plan or contract.