1. Auto financing companies can usually lend money in two or three days. The loan standards of auto financing companies are relatively loose and the loan procedures are relatively simple. The whole process only takes two or three days, and customers can get the car without paying fees, mortgage fees and other fees, which is convenient and fast.
It takes about a week for banks to issue car loans. The process of reviewing bank loans and credit cards by stages is relatively complicated, generally it takes 5 working days or 1 week to pass the review, and the requirements for the borrower's occupation, income and credit rating are relatively high. So it will take a long time for banks to lend money.
：
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.
loan limit
The maximum loan amount generally does not exceed 80% of the price of the purchased car.
Letter of credit clause
1. Have valid identification and full capacity for civil conduct;
2. Can provide a fixed and detailed address certificate;
3. Have a stable occupation and the ability to repay the loan principal and interest on schedule;
4. Personal social credit is good;
5. Holding a car purchase contract or agreement approved by the lender;
6. Other conditions stipulated by the Cooperation Organization.
Application material
1. Original ID card, household registration book or other valid proof of residence, and provide its copy;
2. Proof of occupation and economic income, and running list of personal accounts in recent 6 months;
3 car purchase agreement, contract or letter of intent signed with the dealer;
4. Other documents required by the cooperation agency.