Not all new energy sources are interest-free loans. The interest-free loan conditions for new energy vehicles are as follows: 1. The borrower submits the loan application materials to the bank; 2. The bank conducts a preliminary examination of the application materials submitted by the borrower; 3. The bank conducts credit investigation and customer evaluation on the borrower; Examining and approving loan applications that meet the loan conditions through preliminary examination and credit investigation; 4. If approved, notify the borrower to go through the relevant procedures such as contract signing, loan issuance, mortgage or pledge; If it fails to pass the examination and approval, it shall explain to the borrower; 5. After the loan contract comes into effect, the handling bank will issue loans. Special loan method is adopted, that is, according to the loan contract, the handling bank directly transfers the loan to the dealer account of the borrower's car purchase. Million car purchase subsidy