SAIC General Motors Finance Co., Ltd. was established in August 2004, and its headquarters is in Shanghai, China. It is the first auto financing company approved by China Banking Regulatory Commission.

Since its establishment, the company has provided comprehensive auto finance services to more than 2.36 million auto consumers nationwide with international advanced auto finance management experience and technology, covering more than 7,000 cooperative auto dealers in more than 350 cities across the country.

After years of construction and development, the company has built a marketing network with wide coverage, rich business varieties and first-class service level, and is firmly in the leading position in the domestic auto finance industry.

The difference between financial loans and bank loans

1. Financial loans are issued by non-bank financial institutions, and bank loans are issued by banks.

2. The threshold of financial loans is lower than that of bank loans; The interest rate of financial loans is higher than that of bank loans.

3. The lending speed of financial loans is faster than that of bank loans.

4. The loan business of financial loans is not as extensive as bank loans.