Credit crunch banks suspend car loan business

East Asia News (reporter he Wei) at a time last year "comeback" of car loans, is now encountering a relatively deserted situation. Yesterday, the reporter learned in an interview that since the beginning of this year, most banks have suspended the processing of car loans. As for the news that some of the city's banks have raised interest rates on car loans, the current Changchun bank that handles car loans is still enforcing benchmark interest rates and has not raised interest rates. But the loan age has a certain adjustment, last year loan's longest life can reach 5 years, now the longest period is 3 years.　　Only the individual repayment ability of a particularly strong professional population, in a fixed period of time without any non-performing loan records, it is possible to enjoy the longest period of 5 years of loans policy. From the borrower's point of view, the bank loans to carry out the benchmark lending rate, if the rate hike, interest rates will change, and auto finance company's car loans, the implementation of a fixed rate. Expectations of a bank hike have been strong this year, so many borrowers have opted for car finance companies to lend to them.　　With fewer borrowers to choose from, banks naturally no longer focus on car loans. As for the reasons for the temporary withdrawal of most banks from the car and loan market, the head of a bank in Changchun said to reporters that because of the overall credit line this year is tight, and the car loan compared with other loans, the audience is relatively small. Therefore, the bank naturally will not have much credit lines, used in the relatively high proportion of the loan varieties.