There is no such thing as a free lunch, and interest-free does not mean free.

Some banks are interest-free, but they charge a handling fee. Generally, the handling fee is similar to interest.

Most of the fees charged for interest-free non-bank loans will be higher than the bank interest rate.

Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at their special dealers. Loan to buy a car refers to the loan issued by the lender to the borrower who applies for buying a car. In fact, it is to borrow money from financial institutions to buy a car. However, financial institutions require car buyers to pay a certain percentage of down payment and provide proof of repayment ability. They have no bad credit record and must meet the requirements of financial institutions before they can apply for a loan to buy a car.