The State Administration of Financial Supervision and Administration: Encourage appropriate reductions in the down payment ratio of auto loans and reasonably determine the duration of auto loans
2024-09-14 19:29:26
On September 14, the State Financial Supervision and Administration issued the Notice on Promoting Non-Bank Financial Institution Groups to Support Large-scale Equipment Updates and Trade-in of Consumer Goods. It proposes to encourage consumer finance companies and auto finance companies to provide relevant consumer credit and auto finance services. Encourage consumer finance companies to provide financial support for trade-in of consumer goods. Encourage auto finance companies to increase financing support for municipal transportation enterprises to help promote the application of new energy vehicles; Under the premise of legal compliance and controllable risks, encourage appropriate reductions in the down payment ratio of auto loans, reasonably determine the term and credit line of auto loans, and lower the threshold for auto consumption, etc., to enrich the supply of auto finance products.