Yutong Bus and Agricultural Bank Sign Financial Services Agreement



Recently, the sales department of the Agricultural Bank of Henan Branch signed a car finance network service agreement with Zhengzhou Yutong Bus Co., Ltd.

According to the agreement, customers who purchase Yutong buses in the future can apply for auto mortgage loans from Agricultural Bank of China when they pay for car purchases. The loan period for personal commercial vehicles does not exceed 3 years, and the loan period for institutional clients does not exceed 5 years. It also provides loans for customers. "Green Passage" makes it easy to apply for a car loan at a car dealership.

It is understood that the Agricultural Bank of China will provide a total of 1 billion yuan in mortgage loans for Yutong buses, which is a major measure for the bank’s innovative business. In this business, customers who purchased Yutong buses in line with the access conditions, ABC issued auto mortgage loans to them, institutional customers, natural person customers were respectively provided by Anchi Security Company, Greentown Guaranty Co., Ltd. to provide joint and several liability guarantees, and provided the Agricultural Bank with no less than The 5% deposit on the loan balance shall be paid by the borrower within 90 days of the issuance of the mortgage of the vehicle purchased by the mortgagee.



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