Is it illegal for a guarantee company to borrow more from the bank by car loan?

Violation. A guarantee company is a company that individuals or enterprises borrow money from banks. In order to reduce risks, banks do not lend directly to individuals, but require borrowers to find a third-party guarantee company to guarantee. The guarantee company will require the borrower to issue relevant qualification certificates for review according to the requirements of the bank. After the bank rechecks the loan, the guarantee company will charge the corresponding service fee. It is illegal for guarantee companies to borrow more from banks by car loans. 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.