7-year low-interest "car loans" tightened, with multiple automakers temporarily ending offers until the end of April

The seven-year low-interest “auto loan” business has been tightened, and multiple automaker finance policies have been temporarily extended until the end of April. At the beginning of 2026, the auto market has launched promotions for super-long-cycle, low-interest auto loans. Recently, this reporter learned exclusively that this super-long-cycle lending business is also being tightened: many automakers have already made clear that related policies will be extended to April 30, 2026, but it has not yet been determined whether there will be any further extension afterward.

“A seven-year car loan—(some) banks have stopped offering it, and over the past two days, (financing) leasing companies have also reportedly been required to stop,” a person in auto finance at a joint-stock bank told this reporter.

A salesperson at Xiaomi Auto showed this reporter an internal notice, saying: based on a notice from the bank side about policy adjustments, 6–7 year products may be stopped being accepted at any time (an industry-wide event), with the latest possible deadline of April 30. Another bank official who is responsible for a certain new-energy automaker told this reporter, “For seven-year low-interest loans, our bank had put it on the market for a period before and then stopped. Other banks are still doing it. Now there are talks about stopping the seven-year low-interest products, but we don’t know the specific time when it will stop.” (21st Century Business Herald)