1, car loan in the bank. The application threshold is relatively high, requiring car loan applicants to have good credit information and good income. The car loan process between auto financing companies and companies is relatively simple and convenient, and the application threshold is not high, even without looking at the lender's credit information, but the loan interest will be higher than that of banks. After all, these companies need costs and profits to operate.

At present, the most common way for people to buy a car loan is through the bank. After all, it is more formal, and the loan interest rate is more transparent. Through banks, you can choose car loans more comprehensively, because auto finance companies and companies cooperate with relevant car brands to make profits, which restricts lenders from buying cars in range of brands.

3, car loan processing can not go to the bank. But everyone consciously chooses banks, because car loans are handled through banks, which is safer, more cost-effective and more selective. If you want to apply for a car loan in a bank, you must keep your personal credit information good. If your assets are not good, you can choose a secured loan.

Can car loans only be handled through banks? And these options!

Although there are many online lending platforms and loans are more convenient, in most people's minds, if you want to apply for large loans such as mortgages and car loans, you must feel that going to the bank is more reliable. Can car loans only be handled through banks? Besides banks, what other loan channels are there? Let's get to know each other.

Can car loans only be handled through banks?

Choosing to apply for a car loan in a bank can often get a lower loan interest rate, a higher loan amount and a longer loan period. Moreover, applying for a car loan in a bank has no restrictions on car brands and models, and car loan applicants can choose their favorite cars more freely.

However, the application threshold for car loans in banks is relatively high, requiring car loan applicants to have good credit information, good income and question-and-answer work. Debt ratio should not be too high, personal qualifications are not good, and it is easy to be rejected. Secondly, the approval time is relatively long, the bank's risk control is relatively stricter, and it takes more time.

Therefore, it is impossible to handle car loans only through banks. There are also the following channels for car loans:

1, auto financing company

Auto financing companies can also apply for auto loans. The loan process is simpler and more convenient, and the application threshold is not high. As long as the average applicant can pay the down payment and has a certain repayment ability, it is not difficult to get a loan.

However, the loan cost of auto financing companies will be relatively high, and in addition to paying interest, it is often necessary to pay handling fees or service fees.

2. Company

There are also many companies that can provide car loan services, with low threshold and unlimited car selection, but the loan interest rate is definitely higher than that of banks, and the approval speed will be faster than that of banks.

Can car loans only be handled through banks? I think everyone already knows that there are other options, but if you have good personal qualifications, it is more cost-effective to apply for a loan from the bank.

Is the car loan a bank loan?

Car loans are not necessarily bank loans. In addition to bank loans, auto consumer finance companies also provide car loan services. When car owners apply for car loans in 4S stores, they can choose lending institutions. If you choose a bank loan, you usually need a credit card. For customers who don't have a credit card (credit card), the staff of 4S shop will recommend customers to apply for a car loan from an auto consumption finance company.

For the same vehicle model, the loan interest rate will be different when handling bank loans or auto consumption finance company loans. Generally speaking, the loan interest rate of auto consumer finance companies is higher than that of bank loans.