Reporting / 23.10.2020

The most profitable car loan. Car loan & consumer loan, which is more profitable? Buy a car on credit on favorable terms from Vostochny Bank

Where can I get money to buy a personal car, if own funds not enough for that? by the most easy way out may be an appeal to a banking organization for a loan for cars.

Which banks are currently issuing individuals profitable auto loans on attractive terms, we will tell in this review.

The best car loan offers

Toyota Bank- specializes in issuing loans for the purchase of a car on fairly attractive terms. Offers several programs, including the project "Standard", its conditions are:

interest rate- 15% per year (can be reduced to 14% with an initial payment of 25% of the cost of the car);
loan amount - from 300,000 rubles;
term of granting - within 7 years;
initial payment - 20%.

VTB Bank presents loans for cars on the terms:

the maximum amount is 5,000,000;
repayment period - up to 5 years;
percentage of annual overpayment - from 14%;
the first payment is at least 15%.

Details for this offer

Sobinbank draws up profitable loans for imported and Russian cars:

loan amount - up to 4,000,000;
validity period - within 4 years;
rate - 11.5% - 13% per year;
initial payment - not less than 15%.

For a used car

Which banks give a car loan for a used car?

Many users, not having sufficient financial resources to purchase a new car, opt for vehicles that have already been in use. Today, loans for used cars are issued by the following banks:

Uralsib presents auto loans for used cars of foreign production on the terms:

amount up to 3 000 000,
loan term up to 60 months,
interest rate from 10.5 to 17% per year,
initial payment - at least 20%.

Agropromcredit makes loans:

maximum amount: 2,500,000,
term - up to 5 years,
annual interest 13% — 19%,
initial payment of 30% of the cost of the car.

Absolute offers auto loans:

under 12 - 17.5% per annum,
for up to 60 months,
loan amount - up to 1.7 million rubles,

Under the terms of the program, you can take a used car from both domestic and foreign manufacturers.

The main differences between car loans for a used car and offers for a new car:

higher interest rate
shorter loan term
lesser amount
larger down payment.

Without CASCO

Which banks give a car loan without CASCO?

If the borrower does not want to spend money on CASCO, he can choose an auto loan, which is provided without this insurance policy. On the this moment The following financial institutions specialize in issuing such loans:

Rusfinance bank issues loans for domestic and imported new cars. Lending terms:

interest rate from 26%,
delivery period up to 60 months,
loan amount not more than 750,000,
initial payment - from 30%.

Rosbank offers:

car loans for individuals for new cars at 21.5% per annum,
up to 5 years
up to 5,000,000.
initial payment from 20%.

VTB 24 provides loans:

up to 1,500,000 in total,
for 12-60 months, at 19.5% - 26% per annum,
the first payment of the client is 20% of the price of the car.

CASCO is not only an opportunity to drive a credit car calmly and without fear of getting into an accident, but also a guarantee of obtaining a larger loan amount, at a better interest rate.

Car loan for pensioners

Which bank gives a car loan to pensioners?

Many people of retirement age are wondering: is a loan available to them for the purchase of a car? Yes, it is available! The following banking structures provide such an opportunity to pensioners:

Rosselkhozbank issues auto loans:

up to 500,000 rubles,
for up to 7 years
at an annual percentage of 18.5% to 20%.

Renaissance Credit presents car loans:

under 35%,
for up to 60 months,
size up to 150,000.

Moscow Credit Bank offers favorable car loans for pensioners:

amount: up to 1,500,000,
term: within 5 years,
interest rate 19% - 41% per year.

Sovcombank issues car loans to senior citizens on the following terms:

percentage of annual overpayment 15%,
amount up to 100 000,
repayment period 6 months.

Car loans for pensioners do not differ in favorable conditions, since the lender needs a guarantee of repayment Money.

Which bank gives a car loan without a down payment?

In the event that the consumer does not have his own funds for the down payment, it is better for him to apply for a car loan at the bank that issues these loans without an initial payment. Today, such proposals are being made:

Rosbank- presents car loans for the purchase of new and used cars with a zero down payment. Conditions:

interest rate 20.5%,
maximum amount 5,000,000,
the term of the grant is up to 60 months.

Uralsib provides loans for the purchase of a Honda model without a down payment. Loan options:

percentage of annual overpayment 23%,
loan amount up to 3,000,000 rubles,
repayment period up to 7 years.

Plus Bank presents car loans:

at 17% per annum,
for up to 3.5 million rubles,
for a period of 12 months to 7 years.

Bank "AK Bars" arranges favorable loans for passenger vehicles:

under 17%,
in the amount of 3,000,000 rubles,
provision period: up to 84 months.

Credit Bank provides car loans for foreign cars on the following terms:

annual percentage from 16%,
loan amount up to 1 million rubles,
the maximum repayment period is 7 years.

Of course, the number of proposals without down payment limited, and the rates for them are higher, but when it is not possible to issue another offer and make a down payment of at least 10-20%, this option is also suitable.

Those who do not have their own funds to buy a car right away can take a car loan without a down payment. Bank programs take into account the various offers of vehicle sellers. So, you can choose used or new cars on credit. With the help of our financial portal you will determine for yourself a profitable offer quickly and effortlessly.

Various car loan programs help bank customers use a vehicle before they can save up the necessary amount for a purchase. Many banks in 2019 make it possible to purchase a car on credit (Moscow's offers in this regard do not differ from other regions of Russia). It is more important to determine the organization that will offer the best conditions for you. Find the most profitable car loan- 2019 is not always easy. In order not to waste time searching on the Internet, use our financial portal.

Vyberu.ru will help you get a car on credit without a down payment on acceptable terms. Use the online search engine (located at the top left of the screen) and set the basic car loan terms:

the size,
payment term,
currency.

To determine a profitable car loan - 2019, also check additional parameters:

availability of collateral and surety,
insurance conditions,
used or new cars on credit you are interested in,
application processing time,
the need to verify income.

In addition, you can use the quick search. For example, if you plan to buy a car on credit without a down payment, select the appropriate item in the menu below. The program will show you only those options that match your request.

By comparing the conditions of various banks, you can easily determine the best program to buy a car on credit without a down payment. The range of offers may differ for each financial organization. You can buy a new car on credit or choose a used vehicle.

On the portal Vyberu.ru you will find complete information on car loans in Moscow. We constantly publish offers from leading Russian banks. The information will help you get a loan to buy a car for the most favorable conditions X. At the moment, it contains information on 81 banks that give money to buy a car on credit. The number of offers changes periodically. The total number of programs for this type reaches 607. All of them differ in their parameters - interest rate, amount borrowed money, repayment period, etc. By comparing the conditions of different car loans in Moscow, you will find the most suitable programs v different banks. With the help of the rating of banks, it is easy to determine the most reliable of the selected financial institutions in order to buy a new car on credit on favorable terms. And using a special calculator, it will not be difficult to calculate the financial burden on your budget and understand whether this or that offer suits you. After that, you will be able to make an informed decision on which car loan in Moscow will be the most profitable for you.

According to statistics, every fourth inhabitant of the Russian Federation is the owner of his own car. It is easy to calculate that ¾ of our compatriots do not yet have cars. Do they have a chance to switch from public transport to personal? You can buy a car with the help of profitable car loans in banks.

What is an auto loan? This is money borrowed from a bank to buy a new or used car. Due to the fact that the purchased car is a pledge, the buyer gets the opportunity to buy a car even without a down payment. When weighing the need for a car loan, it is necessary to take into account not only the cost of the car, but also:

annual interest;
loan repayment term;
commissions for bank services;
penalties for late payments.

If you bought it, you can use it personally, but you cannot sell, change or give it away without the permission of the bank. Credit programs are issued both in banks and in car dealerships. During the entire period of debt repayment, the vehicle registration certificate will be kept in the bank. Borrower requirements:

working age (21–60 years);
citizenship of the Russian Federation;
registration in the region where the bank is located;
the term of work in the last place is at least 3-6 months and income;
ensuring timely monthly payments.

1. Car loan: pros and cons.

Car loans have a number of advantages. Among them:

buying a car in a short time with little or no savings (the main requirement is sufficient monthly income);
preferential terms. The state encourages the population to purchase vehicles domestic production and collected in Russia. At the same time, a certain part of the interest on the loan is compensated to the owner of a new car from the state budget;
a long period of payments - from a year to 5 and even 7 years.

But it won't work without the downsides. The disadvantages of a car loan are:

strict requirements for borrowers;
the risk of losing the purchased car, since it is the vehicle that is the guarantee of debt repayment;
obligation: most banks require the client to purchase a CASCO policy, which can increase costs by about 10-15%;
the initial amount of the contribution is from 10 to 30% of the cost of the car;
in the absence of a client contribution, the interest rate on a car loan increases significantly;

The procedure for obtaining a car loan takes from several days to two to three weeks. Express credit has a higher interest rate. It can be issued in just a couple of hours, but the annual loan rate of 29% is not affordable for everyone.

Thus, a car loan is a good tool for buying a car. Only a potential buyer should be sure that his income will be enough to pay off the debt. Due to instability financial position, an increasing number of those wishing to acquire their own vehicle are leasing car rentals. This is a long-term car rental with the right to buy.

2. : pros and cons.

This service is currently provided by leasing companies and banks. To apply for a lease, you will need:

the passport;
certificate from the place of work;
driver's license;
down payment - 10-45% of the cost of the car.

The service without a fee involves the collection of a more extensive package of documents. Typically, a car is leased for a period of one to five years. The car is bought by a leasing company and it is the owner of the car until the end of the contract. The client uses the vehicle on the basis of a general power of attorney. In this case, you will need to purchase a CASCO insurance policy. The leasing company is responsible for registering the car with the traffic police and conducting technical inspection.

After the lease expires, the client has several options:

pay the remaining cost of the car and become its full owner;
return the car to the leasing company;
renew contract;
draw up a new contract for another car.

The undoubted advantage of car leasing is that it can be issued to those to whom the bank has refused to issue a car loan. In this case, the client does not have to provide collateral or a guarantor. In all likelihood, in the near future, such schemes for buying a car will become quite popular.

For a number of reasons, the issuance bank loan may not take place. This and economic crisis, and an insufficient level of income of the borrower, and the lack of collateral. In this situation, car leasing is the best way out, and it can be issued in just a few hours. In addition, banks are increasing interest rates on car loans, while rates in leasing companies remain unchanged: 11-14% in dollars and 18-20% in national currency.

When leasing a car, you do not have to pay immediately a large amount for its registration and insurance. 3% tax to the pension fund, 8% property insurance, payments to the MPEO, technical inspection and transport fee are evenly distributed over the entire period of payments. You will only have to pay the state fee for notarization agreement - 1% of the cost of the car and the commission of the leasing company / bank.

The undoubted advantage of leasing is the absence of penalties for late payments and the provision of free additional services by companies such as ordering a tow truck or partial payment for a hotel room.

For objectivity, it is worth mentioning the disadvantages of leasing. For example, leasing companies may limit the ability to upgrade a car or require the use of a certain service center.

3. Deposit programs.

Another alternative to car loans is to save money for a car yourself. For those who do not like to live in debt and are wary of unforeseen situations, the safest way is to save money. To speed up this process, you can use the ones offered by banks and credit organizations.

If you make a deposit with good annual rate and monthly capitalization of interest, then in a couple of years you can save up a sufficient amount for a car. At the same time, you will not have to overpay interest on loans and incur high costs for car insurance.

It is difficult for an inexperienced consumer to delve into the intricacies of banking credit programs. To understand this issue, you can compare a car loan and a consumer loan issued for a three-year period.

For example, a customer's goal is to buy new car a mobile worth 500,000 rubles, and 200,000 rubles. for the down payment he already has. Thus, it is necessary to borrow 300,000 rubles from the bank. To receive you need to consumer credit, you do not need to report to the bank for his appointment, but you will have to prove solvency.

Because on average monthly payment will be about 10,000 rubles, the borrower's salary must be at least 30,000 rubles. Otherwise, the bank will require a guarantor or collateral. If you manage to find a loan at 10% per annum, the total overpayment will reach 48,529.70 rubles.

A car loan is a targeted loan, the payment of which is secured by the car itself. Banks offer two options for lending: with and without government subsidies. Buying a car assembled in the Russian Federation, you can get a benefit - a reduced interest rate (5.5-12% per annum). In this case, the overpayment will be about 32,136.84 rubles, and for a car loan without state support - 38,465.90 rubles. The figures show that a car loan is more profitable than a regular bank loan.

Which car loan is more profitable: in foreign or domestic currency?

Having decided to buy a car on credit, you need to be prudent in choosing a currency. What is more profitable - a foreign currency or ruble loan? Banking experts recommend issuing a loan in the currency in which it will be more convenient to pay. It is worth focusing on banknotes that you receive wages or other income. This will reduce the risks of currency fluctuations and save on conversion.

Currently, interest rates on loans in the national currency are higher than in dollars due to the depreciation of the ruble against the US currency. It is more profitable to take a short-term loan in dollars, a long-term one - in rubles. When economic situation stable enough, car loan in foreign currency more profitable, since interest rates on it, as a rule, are lower than on ruble loans.

How to get a profitable car loan: instructions

To paraphrase a well-known saying, the fish is looking for where it is deeper, and the buyer is looking for a car loan, where it is more profitable. You can apply for a car loan at a car dealership or at a bank. Of course, it is more convenient to conclude an agreement right on the spot. But often sellers offer a limited choice of banks with which they cooperate, and the cost of a loan can be quite high. It is much more profitable to choose the appropriate option using the car loan calculators common on the network.

In order to purchase a car on credit, you need to take a number of steps:

Determine the object of credit. For the purchase of a new car, the interest is slightly lower, but its cost is higher. Used is worth less, but the interest rate is higher.
Decide on the loan amount.
Calculate allowable monthly payment. You can use a loan calculator.
Negotiate with guarantors and agree on loan terms with them.
To study the situation on the market, choosing 5 - 6 most attractive programs. This should be done taking into account the interest rate, additional payments and expenses (application review, assessment, insurance, bank commission for granting a loan, etc.)
Compare the conditions of lending programs: term, overpayment, repayment methods, etc.
Collect documents. As a rule, the following list of documents is required to obtain a car loan: an application in the form of a bank; passport of a citizen of the Russian Federation; certificate 2-NDFL (issued by the employer's accounting department); a photocopy of the work book; driver's license (if any).
Apply to the banks that you prefer (at the branch or on the website). If you get several positive decisions, you can choose the most suitable one.
Get a credit decision.
Pick up a car. Of course, you can do this in advance, but only after making a positive decision will you know the amount of the loan, the bank's requirements for the car and the procedure for repaying the debt.
Sign an agreement with the bank, making sure that all the conditions are clear and transparent to you.

Important criteria when choosing a profitable loan:

When receiving money on credit, the client will need additional amounts for the purchase of insurance and payment of all commissions. Based on this, it is necessary to clearly define your financial capabilities.

Which banks offer the best car loans?*

Since a car loan is issued for several years, it is safer to cooperate with a stable, proven financial institution. Loan conditions may vary by region. As for the capital, at the moment several banks offer favorable conditions for car loans.

Here are some of the most beneficial car loan programs. When determining them, we took into account low rate on interest, an acceptable down payment, no hidden fees and loyal requirements for the client.

Moskommertsbank offers to buy a new car with mandatory life insurance at an interest rate of 10.5–13.5% and a down payment of 10%.
Under the "Standard" car loan, Cetelem Bank gives you the opportunity to buy a foreign-made car with a down payment of 15%, at a rate of 10.9-19.5%.
The rate on the Prestige car loan from Primsotsbank is 11–15.5%, and the down payment is from 15%.
Europlan Bank also offers good conditions: the rate for buying a new car will be 11.4-18%, the down payment - from 10%.

It is worth discussing another new "pitfall" of lending - a zero car loan. For example, in the USA, a potential client is offered two ways to buy a car on credit:

either by her market value with further interest payments,
or at a price that already includes bank interest.

Thus, the buyer has a choice: to spend the bulk of the money immediately or later.

In the UK, banks generally cannot "lure" borrowers with interest-free loans. Most car dealerships attract customers using this marketing ploy. But this foreign innovation is proposed in the Russian manner. Common sense should suggest that the bank simply cannot afford to set zero interest on loans issued, because it is not a charitable organization. Therefore, it should be expected that interest is already included in the price of the car.

How does this scheme work? For example, a dealer may offer to take out a loan to buy more expensive versions of this brand, assuring that there are no cheap ones left. For opening a credit account, the client will pay not $100, but one and a half to two times more. Subsequently, it turns out that he will have to pay monthly interest on servicing this loan (0.2 - 0.5%).

It is not uncommon for a bank to try to hide its interest. For example, it establishes an obligation for customers to pay a one-time commission of 3% of full cost loan or pay periodic monthly fees - up to 1.2% of the initial loan amount. Simple calculations will show that in this situation the bank will earn not just a standard rate of about 14.4% per annum, but all 18-20%. Where does this amount come from?

When taking a standard car loan, the annual interest rate is charged only on the outstanding loan amount. This amount, of course, decreases every year. But the monthly commission is a constant value, which remains unchanged throughout the entire period. Therefore, as strange as it sounds, allow yourself " zero credit Only rich people can.

January 2019

If you are confused about the purchase new car on credit, then main question on the agenda: "Where to get the most profitable loan to buy a car? We propose to study the issue of obtaining borrowed money for the purchase of a car, as well as consider the most profitable offer in the field of car loans.

Which banks offer the lowest interest rates on car loans?

A car loan is a loan of money for the purchase of a vehicle at interest. This type of loan is different in that it takes money specifically for the purchase vehicle. This type of loan is offered by almost every bank. Below we consider three banks with the most profitable loan offers to buy a car.

VTB 24 Bank is one of the best financial institutions for obtaining a car loan. It offers its customers several car loan options:

loan "AutoStandard" (interest on the loan starts from 10% for up to 7 years);
"Autolight" - an auto loan from VTB 24 (does not require proof of income);
car loan "Autoexpress" - the decision to issue money from 30 minutes;
"Freedom of choice" - an auto loan for the purchase of a used car;
"Driver" - the purchase of a foreign car on favorable terms.

In addition to such an extensive selection of car loan programs, VTB 24 offers advantageous special offers for the purchase of a car:

State program (car loan with state subsidies at a rate of 5.5% per annum).
LADA Special (special offer for buying LADA on the most favorable terms).
AutoPrivilegia (a favorable special offer for the purchase of a foreign car worth from 1,500,000 rubles).

Of course, VTB 24 is one of the best banks for car loans with a huge selection of different programs and special offers for every taste.

RosselkhozBank offers two main car loan programs:

Loan for the purchase of a new car (from 12.5% per annum).
A loan for the purchase of a used car (from 16.5% per annum).

The conditions for buying a car on credit are as follows:

maximum amount loan funds- up to 3 million rubles;
down payment - 15% of the cost of a new car and 25% - when buying a used car;
the loan is granted for up to 5 years;
the car being purchased is the collateral;
consideration of the application up to 4 working days.

This bank offers the following car loan options:

A car loan with state support for a new car worth no more than 1,450,000 rubles.
Car loan for a used car from 600,000 rubles.

Conditions of LokoBank for the purchase of a new car with state support:

interest on the loan - 6.4% and 7.5% (for a loan for up to 12 and 36 months, respectively);
down payment - from 20%;
loan term - up to 3 years.

Conditions for a car loan without state support:

interest rate - from 12.4% per year;
initial payment - from 30%, or from 15% at an increased interest rate;
car loan term - up to 7 years.

For buying a used car, the following conditions apply:

term loan agreement- up to 7 years;
obligatory registration of CASCO and OSAGO;
initial payment from 40% or from 15%, but with a higher interest rate;
interest rate from 12.9% per annum.

Auto loan with state support

Some banking organizations offer loans to buy a car state support. Let's talk about this in more detail.

The state provides an opportunity to purchase a car with the attraction of credit funds at the most low interest. Such an offer is extremely profitable, but not all financial institutions offer such programs to their clients. For these programs state subsidies interest on car loans reduced by 6.7% per annum. Behind this offer there are several conditions for the borrower:

the loan must be fully repaid no later than 36 months;
the loan amount is up to 1.45 million rubles (you won’t be able to buy a car more expensive than this amount);
the purchased vehicle must be produced no earlier than 2016-2017;
The new car is collateral for the loan.

Lowest car loan interest

In this part of the article, we will consider banks with the lowest interest rate on car loans. It is important to know here that the percentage value can both decrease and increase.

In the same bank, the percentage can “jump” very strongly, this is influenced by the following factors:

A bank may offer several different car loan programs, each with different terms and conditions and different interest rates.
You can achieve a lower interest rate if the borrower is a bank client (for example, the borrower has salary card on which wages are regularly calculated).
The interest on the loan varies depending on the documents provided. If you take out a loan for complete package documents, the rate will be lower. If the car loan is issued according to two documents, then the interest rate will increase.
The higher the down payment on a car loan, the lower the interest rate.

If a car loan is supported by the state, then the interest rate will be significantly lower, but a number of additional conditions pop up here:

you can only buy a car Russian production or a foreign car assembled in Russia;
the maximum cost of the car - 1.45 million rubles;
year of manufacture of the car - not earlier than 2016-2017;
term of the credit agreement - up to 3 years.

Bank's name	Loan program	Bid (%)
	New cars under the state program	10%
	New cars without government subsidies	16,7%
	Foreign cars from 1.5 million rubles	From 11.1%
	Car loan for used cars	From 11.9%
	Buying a new car	From 12.5%
	Buying a used car	From 16.5%
	Car loan for a new car	From 6.4%
	Car loan for a used car	From 12.9%
UniCredit Bank	Prestige Program	From 12.9%
	Used car loan	From 14.9%
	Loan for a new car	From 15.4%
	Auto loan with state support	From 8.7%
Rusfinance Bank	Loan for a new foreign car	From 16%
	Credit for a used foreign car with mileage	From 15%
	Loan for a new domestic car	From 14.5%
	Loan for a domestic used car	From 15%

Please note that the interest rate will change up or down depending on the conditions of the bank. The table shows the minimum possible rate for car loans.

Which car is better: new or used?

Can't decide on a car? Not sure which car is better: new or used? We will try to help you.

Purchasing a new car

New motor vehicle Always better than used, no doubt about it. But let's weigh the pros and cons.

Advantages of buying a new car on credit:

The most significant plus is the technical condition of the car. New car will not let you down on the road. You will always be sure that your vehicle is in good condition, and in the event of a breakdown, the car will be repaired under warranty.
The interest on a loan for buying a new car is lower than the interest on a loan for a used car.
Some car loans for the purchase of a new car are supported by the state. A loan for a car with state support is very profitable, since the interest on it is significantly reduced.

Of the minuses, one can only note a higher price in relation to the price of a used car.

Used car loan

The advantages of buying a used car can only be attributed to low price the car itself. But there are plenty of downsides to this purchase:

Interest rates on used cars are higher than on a new car loan.
Loans for used cars are not supported by the government.
Since the car is not new, its care requires more attention from the owner, and these are additional costs for maintaining such a car.

Consumer loan to buy a car

In addition to a specialized car loan, the purpose of which is to purchase a car, you can take a regular consumer loan for any purpose. Within the framework of this article, we will not consider the issues of obtaining a consumer loan. More details about this type of lending can be found in the relevant article.

Not all banks provide car loans, and a consumer loan can be obtained from almost any bank.

Benefits of obtaining a consumer loan to purchase a car over a car loan:

it is possible not to draw up a CASCO insurance policy (when receiving a car loan, a CASCO policy is prerequisite, which significantly hits the pocket).
when buying a car with money from a consumer loan, the car will not be an object of collateral, as is the case with a car loan.

Purchasing a car on credit from an authorized dealer

All car dealerships cooperate with a large number of banks, so you will not have problems choosing a suitable financial institution and a lending program. Interest on a loan in a car dealership will be overstated, since the car dealership is an intermediary between the borrower and the bank.

If you find an official representative of a particular car brand in your city, then you can get a car loan for best conditions. The official dealer often offers profitable promotions and special offers on cars of own brands.

What documents are required for car loans?

In order to get a loan for the purchase of a car, you will need to prepare certain documents. Having collected required list documents, you will increase your chances of getting a loan with a better interest rate.

The documents required for obtaining an auto loan are as follows:

The passport.
Driver's license or TIN.
Loan application form.

The first two documents are mandatory and they are quite enough to get a loan. But on the basis of only these two documents, the bank will not be able to fully assess the solvency of the client, therefore, the interest on the loan and the amount of the down payment will increase.

Finally

After reading this article, you should have an understanding of all the intricacies of car loans. Take your time with the purchase, carefully consider all the points and study all bank offers. When concluding a loan agreement, carefully read all the documentation. We wish you good luck in purchasing the car of your dreams!

What are the features of car loans?

A car loan can essentially be viewed as. Why can it be classified like that? Mainly because they issue it to individuals for the purchase of durable goods (cars).

However, this has loan product and its specific features:

Firstly , money is most often issued not in the form of cash into the hands of the buyer, and are transferred to the account of the seller, which is the car dealership.
Secondly , the loan will be issued only if the buyer himself contributes to the purchase of a car - usually 20-30% of the cost.
Thirdly , a considerable amount is allocated, but the bank does not require additional collateral other than the car that appears in the transaction.
Fourth , in addition to information about income, age, registration of a credit file, the bank will be interested in the question of whether the borrower has a driver's license.
Fifth , re-registered to the TCP borrower before the time full repayment debt is kept in the bank.
At sixth , when applying for a loan, the borrower will need to insure the car and motor third party liability.

In car loans, unlike other types of loans, three parties are involved that constantly interact with each other: the bank, the buyer of the car and the car dealership selling it.

It is considered normal practice to offer bank customers the following car loan options:

Standard car loan with the need to pay a down payment and interest.
Car loan with no down payment, but with increased Interest-free car loan, but with a high registration fee.

Important condition: the purchase of a car on credit provides for its mandatory verification for legal "purity". This procedure is usually commercial Bank unwilling to deal with dubious collateral.

Choosing a car loan - what to look for?

If, taking into account all the above circumstances, you nevertheless decided to attract a car loan, then we will present to your attention the conditions that should be checked in financial institutions in the first place.

Such an analysis will allow you to quickly find the best offer:

Interest rate . An indicator that any potential borrower pays attention to immediately. However, it is better to look not at the rate expressed as a percentage, but at what amount in excess of the cost of the car you will have to take to the bank.
Down payment . This is part of the cost of the vehicle, which will need to be covered from your own funds. In Russia, this figure is 15-40% of the price of a car.
Object of lending . Most banks give loans only for the purchase of a new car, not a used car. In addition, the requirement to buy a car in a car dealership does not exist everywhere - some banks allow the possibility of buying a car from private individuals.
Insurance . Most Russian financial institutions require compulsory insurance auto, auto civil liability. And sometimes even the life and health of the borrower. For this, they reduce the rate by 0.5-1.5%.

However, here it is important to evaluate:

Is such a reduction profitable or the insurance company will have to pay much more impressive premiums.
The bank allows the client to choose an insurer on his own or insists on the services of a particular company.

Loan on two documents . An ideal option for those who do not have time to form a huge package of papers. However, such products are characterized by a higher interest rate.

And finally, at the moment when you start looking for a profitable one and look through Special offers: joint shares of banks and car dealerships, loans with state participation, etc. Such options may become short-term beneficial ways buying your own car.

Favorable car loans - what do Russian banks offer?

Sberbank of Russia - an average option

If you want to take a loan from a reliable financial institution with an ideal reputation and not lose at the same time, follow Sberbank of Russia. The application will be considered there within 2 days and a loan will be issued at a reduced percentage - 13.9%. The standard rate for car loans in it is 14.9%.

Cash loan in an otp bank Download a certificate of income in the form of a bank otp

About otp bank in russia. About OTP Bank

The most profitable car loan. Car loan & consumer loan, which is more profitable? Buy a car on credit on favorable terms from Vostochny Bank