Completion time of decompression procedures: after the car loan is paid off, the lending institution will inform the lender to go through the formalities of understanding the mortgage within one week. Need ID card, copy of ID card, loan settlement letter, etc. Go through the mortgage settlement procedures. Usually, the mortgage cancellation procedure can be completed within 1-2 weeks. Remove the GPS from the car: When buying a car by stages, it is generally required to install GPS, which is to prevent the owner from not repaying the loan. After the car loan is paid off, the GPS in the car must be completely removed, otherwise the driving privacy will be completely exposed.
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.