Many small partners will choose loans when buying a car, but they can find auto financing companies or banks for loans. Compared with auto financing companies, the interest rate of banks is relatively low, so many small partners will give priority to bank loans. So, how long does it take for China Bank to review the car loan?

China Bank Auto Loan Approval Time

There are two ways for China Bank to apply for car loan, one is to apply for car loan directly at the bank, and the other is to apply for "car loan link". The approval time of these two methods is different. Let's have a look.

First, go directly to the bank to apply for a car loan, about half a month before and after.

It will be slower to go directly to the bank, and the basic procedures are fixed. If you are looking for a branch, the information will be submitted to all levels for approval. If it is normal, this process is estimated to take two or three days, mainly depending on when the account manager submits your list.

Then the account manager will inform you to pay manually, and then he will see the invoice and sign the loan contract. He will provide these secondary materials to the leader for approval, and then he can lend money.

Put the money directly into the car dealer's account, you can pick up the car, then go to the door to apply for mortgage, and then hand over the motor vehicle registration certificate to the bank, and it's over. It is estimated that it will take at least half a month before and after, and the loan department is on weekends.

2. As long as you apply for the "car loan service" of Bank of China, you can pick up the car within 5 working days.

As a car loan business vigorously promoted by Bank of China, it is reported that "Car Loan Link" has the characteristics of simple procedures, easy approval, low cost and fast circulation compared with traditional car loans. Credit card holders of China Bank can apply to the bank to increase the exclusive credit card limit as long as they buy a car at a designated car dealer. With the approval of the bank, after paying the down payment and mortgage guarantee,

POS online transaction is used for installment transaction of total car price minus down payment. The cardholder can repay the car purchase money in monthly installments only by paying a certain handling fee. From the application to the bank approval, and then to the down payment, licensing insurance and other procedures, China Bank's car loan approval time is five working days faster, and it is easy to pick up the car. Bank of China has also opened up a green channel for applicants who do not have a BOC credit card, specifically for the "car loan link" business, and the approval and card handling are carried out simultaneously, without affecting the approval time at specific stages.