Recently, Industrial Bank Chengdu Branch successfully handled the bank’s first non-dealer-based automobile mortgage loan for non-operational legal entities for a construction enterprise in Nanchong City, Sichuan Province. The client applied for financing online through the QR code of Industrial Bank’s automobile mortgage loan for non-operational legal entities, and the entire process, including application, approval, and disbursement, was completed in just three days. This quick turnaround earned high praise from the client.
It is reported that automobile mortgage loans for non-operational legal entities are an online financing product created by Industrial Bank to further improve the processing efficiency of automobile mortgage loans for operational legal entities. Relying on online financing products based on corporate online banking and big data analysis systems, this product creates a car financing scenario characterized by online application, real-time approval, online signing, and flexible repayment, providing convenient online car financing services for high-quality enterprises. At the same time, the non-dealer-based automobile mortgage loan for non-operational legal entities creates a direct financing channel for companies seeking auto financing, avoiding intermediaries and significantly reducing the financing costs for companies.
In recent years, Industrial Bank has stepped up efforts in exploring the auto financing business, improving technological capabilities, and providing better financial services for the automobile industry, especially the new energy automobile industry. As of the end of 2023, the balance of auto financing of Industrial Bank has exceeded 360 billion yuan.