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Beijing-Hyundai launches consumer credit service

BEIJING – Beijing-Hyundai announced on August 30 that it would introduce new individual financing services in cooperation with Shenzhen Development Bank.


 


The bank will offer consumers discounted financing for one to five years towards the purchase of Beijing-Hyundai vehicles. The application and approval process will only take two days to complete, and will not require a co-signer. The bank will only demand a 20 percent down payment and annual interest of 6.66 percent (for a three-year loan), comparatively less than other banks and auto financing companies.


 


The service will initially be introduced in Beijing and will gradually expand to other cities.


Beijing-Hyundai recently celebrated the sale of its 600,000th vehicle since its establishment in late 2002.

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