How long does it take for SAIC Group loan approval? SAIC loan approval time

I bought a car with a mortgage from SAIC-GM Financial. What time do they deduct the payment on the repayment date? Can I deposit it at 12 noon on the same day? Will it be considered overdue?

The payment will be deducted at 8:00 on the repayment day, but because each bank collects it on its behalf, there will be some time discrepancies. Deposits made at 12 noon on the same day will not be considered overdue.

It will be continued and deducted again, don’t worry. If the account balance is insufficient, only the balance will be deducted. After a new amount is deposited and the balance changes, the deducted portion will be deducted.

SAIC-GM Financial will give you a buffer period of about three days to prevent unsuccessful deductions or delayed deductions during holidays.

If you feel that it is not safe, you can go to the 4S store to explain the situation. The store will give the car owner a remittance account number, and you can also send the money there. If both are deducted at the same time, SAIC-GM will choose not to deduct the monthly payment next month. Provide fees.

Extended information:

SAIC-GM Finance Co., Ltd. (SAIC-GMAC) was established in August 2004 and is headquartered in Shanghai, China. It is the first company in the country approved by the China Banking Regulatory Commission. A car finance company. The company is a joint venture between SAIC Group Finance Co., Ltd., General Motors Financial Company, Inc. and SAIC General Motors Co., Ltd., with a current registered capital of RMB 3.5 billion.

The company has established good retail credit business cooperation relationships with nearly 7,400 car dealers in 351 cities across the country, becoming an auto finance company with wide coverage, rich business varieties, and first-class service levels. .

The company has always adhered to the business philosophy of "openness, advancement, professionalism, and performance", introduced advanced foreign financial experience and technology, and combined with the characteristics of the domestic market, provided services for the purchase of SAIC-GM and SAIC-GM under the SAIC Group. Wuling, as well as other vehicle companies produce and sell passenger cars, provide financial services related to car purchase to individual customers or corporate customers, and have helped more than 5 million retail customers realize their financial car purchase dreams.

The company also provides vehicle purchase loans and operating equipment loans for nearly 1,500 authorized dealers of SAIC-GM and SAIC-GM-Wuling under the SAIC Motor Group in more than 320 cities, including showroom construction loans, Spare parts loans, etc.

With its industry-leading position and outstanding performance, the company has won a number of financial industry awards and government financial awards. In 2017, at the Lujiazui New Finance Global Summit and China Financial Innovation List Award Ceremony hosted by China Business News, the company won the title of "Auto Finance Company of the Year" and was the only professional auto finance company to win this honor that year.

In 2018, the company won the "2017 Outstanding Economic Contribution Award" awarded by the Pudong New Area People's Government; for the ninth consecutive year, it won the "Golden Engine Award" for the "Best" by the "21st Century Business Herald" Auto Finance Company", and won the "Best Innovative Auto Finance Company in 2018" with its continuous innovation and exploration measures; for the third consecutive time, it won the "China Financial Excellence Award" sponsored by the Economic Observer "Excellent Auto Financial Institution of the Year" title.

The company attaches great importance to the cultivation and development of talents, and has been certified as a "Top Employer in China" by the Top Employers Research Institute for two consecutive years.

The company also serves as the director unit of the Auto Finance Professional Committee of the China Banking Association, continuing to strengthen internal communication within the industry and promote communication between the industry and supervision. The company will fulfill its mission and make positive contributions to creating a sustainable and healthy development environment for China's auto finance industry.