7-year low-interest "car loans" have been tightened, with many car companies temporarily cut off until the end of April.

The seven-year low-interest "car loan" business has been tightened, and the financial policies of many car companies have been temporarily extended until the end of April. At the beginning of 2026, the car market has seen a surge in long-term low-interest car loan promotions. Recently, it was exclusively learned by reporters that this long-term loan business is being tightened, and many car companies have clearly stated that the relevant policies will be extended until April 30, 2026, with no definite decision on whether to renew them in the future. "The seven-year car loan, the banks have stopped accepting them, and these days the leasing companies are reportedly also requesting to stop them," revealed a car finance professional from a joint-stock bank to reporters. A salesperson from Xiaomi's car division showed the reporter an internal notice: following the adjustment notice from the banking side, 6-7 year products may stop being accepted at any time, at the latest by April 30. Another bank official responsible for a new energy car company told reporters, "We previously had a 7-year low-interest product available for some time, but it was later discontinued. Other banks are still doing it, now there are talks about stopping the 7-year low-interest products, but we don't know when exactly."