1, no real estate, no hukou, and the approval process is blocked. Car loan business requires car buyers to have household registration or real estate license, but it cannot meet one of the two conditions. Even if the bank has a good operating record, it may be rejected.
2. It is difficult to get approval if the down payment is less than 40%. At present, the amount of loans that lenders can borrow is gradually shrinking, and the situation of buying a car with a down payment of 20% is becoming less and less. Even if there is, it will affect the speed of loan review or approval. Now most car buyers choose loans that account for 40% to 60% of the car price. It is said that it is difficult to get approval for buying a car with a down payment of 30%, even if it is approved, it will affect the approval speed.
3. Improper installment loan affects the approval progress. If consumers want to make a successful loan, they need to examine the interest rates corresponding to different loan terms, and then find a balance point according to their repayment ability.
4. The loan amount/repayment method is directly related to the monthly payment burden.