Shanghai Automobile General Motors Finance Co., Ltd. was founded in August 2004, headquartered in Shanghai, China, and is the first automobile finance company in China approved by the China Banking Regulatory Commission. The registered capital of the company is RMB 1.5 billion, which is funded by SAIC Finance, GMAC UK PLC (a wholly-owned subsidiary of General Motors) and Shanghai General Motors. After ten years of development, the company's assets have reached 58 billion yuan.
Loan products:
1. Worry-free Smart Loan:
Commonly known as "Loan half, pay half"; 50% repayment at the end of the loan period, with three choices at the end of the loan period: full payment of the final payment; application for a 12-month rollover; and used-vehicle replacement.
2. Smart Loan:
Split the loan into two parts and return them in the first and last installments. There are three options at the end of the loan term: pay the smart final payment in full; apply for a 12-month rollover; and trade in your used car.
3. Equal repayment:
The repayment amount is the same for each installment during the borrowing period. Loan terms range from 13-60 months, with down payments as low as 20%. Depending on the customer's personal qualifications and the car he or she is buying, we will provide a loan program designed specifically for him or her
4. Segmented Repayment:
The loan is divided into a number of segments, with each segment consisting of several repayment installments; the total amount of each repayment installment varies in each single segment; there are three options available at the end of the loan term: full payment, a rollover, and used car trade-in. Three options are available at the end of the loan term: pay the final payment in full; apply for a 12-month rollover; and trade in your used car.
Depending on the repayment method, SAIC-GMFC offers a variety of loan packages to choose from: Worry-free Wisdom Package, Smart Wisdom Package A, Smart Wisdom Package B, Easy to Enjoy Stability Package A, Easy to Enjoy Stability Package B, and Easy to Purchase Package. Personalized loan products can also be tailored to meet the needs of car buyers.