As people's demands for quality of life and comfort rise, the dream of driving a good car becomes a real need. In order to realize this dream, many people have chosen to buy their own cars through a car loan. However, for those who buy a car for the first time or are not familiar with the process of the loan, one of the concerns is: “Do you see the results on the spot?”

Any results on the spot on the front sign

Before doing so, we need to know what it means to sign a car. Car sign-off generally refers to face-to-face verification of loan requests and loan clearance by borrowers and bank credit staff. At the same time, because of the speed at which the loan is signed and the level of audit is more transparent and rapid than other loan modalities, many have opted to borrow in this way。

So, back to the problem itself, did the car sign out on the spot

The answer is not necessarily。

First of all, for some banks, the time taken to audit a car's front sign-off may be longer, taking days, if not weeks, so there is no guarantee that the results will be achieved on the spot. Secondly, while some banks may be able to produce results on the spot, the result may not be the final result of the loan, which will take some more time to wait, as the prior review of the information is only subject to the required conditions and does not represent a final loan approval。

Besides, which bank does the car sign

With regard to the choice of car-bonding, it is proposed to look for more specialized banks or financial institutions, such as commercial banks, Chinese banks, and Banco Sanctuaire. These institutions generally have dedicated loan teams, which are more efficient in their audits, and they are more supportive of their own self-employed, non-listed companies, and have more flexibility in the approval process than other banks。

And finally, what's the key to a car loan application

With regard to applications for car loans, we need to know in advance the amount of our letters of credit, to prepare in advance the required documents, such as property certificates, business licences, wage flows and bank flows, and to know in advance the vehicle information and the vehicle purchase channels, as well as the relevant interest rates, duration of the loan, etc., in order to complete the face-to-face application process more quickly。

In summary, the face-to-face sign-off does not necessarily produce results on the spot and requires a case-by-case analysis. When selecting banks, it is recommended that some of the more specialized banks be selected, and information on their qualifications and vehicle and vehicle purchase channels is also required in advance. As long as it is prepared well in advance and follows the process of bank clearance, the application for a car loan is not a difficult task。