The Banki.ru portal prepared a rating of auto loan banks based on the results of 2014. As part of the study, the volumes of auto loan portfolios of banks, the level of delinquency on them, as well as the volume of loans and the number of issued car loans in Moscow, the Moscow region and other regions were examined.

The aggregate portfolio of auto loans of the rating participants as of January 1, 2015 amounted to 720.9 billion rubles.

The Sberbank of Russia group, which includes Sberbank itself and Cetelem Bank, is in the lead in terms of the car loan portfolio - the group's portfolio totals 144.5 billion rubles. In second place is VTB 24 (117.6 billion rubles), in third place is Rusfinance Bank (84.5 billion rubles).

The five banks with the largest car loan portfolio also include Unicredit Bank (over 73 billion rubles) and Rosbank (59.4 billion rubles).

Over the past year, Svyaz-Bank showed the best dynamics in growth of the portfolio of auto loans to individuals from the presented credit institutions (plus 147.08%). Cetelem Bank also showed good dynamics (plus 120.82%).

The largest drop was noted by the bank "Pervomaisky" (minus 72.43%), and among banks with a portfolio of more than a billion rubles - by Credit Europe Bank (minus 25.75%).

Most of the rating participants reduced the share of auto loans in the retail portfolio in the second half of 2014. The largest reduction is noticeable in Europlan Bank (from 99.06% as of July 2014 to 87.12% as of January 2015). Also "distinguished" Unicredit Bank (share drop from 53.22% to 46.54%) and Credit Europe Bank (from 44.86% to 39.81%).

The banks that have increased the share of car loans stand out against the general background. These include Plus Bank (an increase in the second half of 2014 by 14.39 p.p. to 90.46%), AyManiBank (an increase by 11.06 p.p. to 70.88%), Pervobank (an increase of 4 , 51 p.p. to 51.33%) and Cetelem Bank (share growth by 3.56 p.p. to 81.38%).

You can find expert forecasts regarding the car lending market in.

		Registration number	Auto loan portfolio to individuals as of 01.01.15, thousand rubles	Share of auto loans in the retail loan portfolio as of 01.01.15,%	Portfolio of auto loans to individuals as of 01.07.14, thousand rubles	Share of auto loans in the retail loan portfolio as of 01.07.14,%	Auto loan portfolio to individuals as of 01.01.14, thousand rubles	Share of auto loans in the retail loan portfolio as of 01.01.14,%	Dynamics of the car loan portfolio for the year,%
	Sberbank of Russia Group
	including Cetelem Bank
	Rusfinance Bank
	UniCredit Bank
	Toyota Bank
	Credit Europe Bank
	Metkombank (Cherepovets) *
	Gazprombank *
	FastBank *
	Loco-Bank
	Credit Bank of Moscow
	Plus Bank
	AyManiBank
	Europlan Bank
	Pervobank
	Bank "Saint-Petersburg"
	Baltinvestbank
	Khanty-Mansiysk Bank**
	Russian Capital
	Asian-Pacific Bank
	Tatfondbank
	Center-invest
	Alfa Bank
	Svyaz-Bank
	Investkapitalbank
	Transcapitalbank
	Nordea Bank
	Chelindbank
	Zapsibkombank
	Rosgosstrah Bank
	Surgutneftegazbank
	RosEvroBank
	Agropromcredit
	Baltic Bank
	Levoberezhny
	Primsotsbank
	Revival
	Pervomaisky
	Probusinessbank
	Solidarity (Samara)
	Express Volga
	Rosavtobank

45 banks agreed to tell about their delays on auto loans. Of these, Surgutneftegazbank has the smallest delay - 0.10%. Also, the minimum level of overdue debt is at the Moscow Industrial Bank (0.51%) and at Toyota Bank (0.54%).

		Registration number	The share of overdue debt in the car loan portfolio as of 01.01.15,%	The volume of overdue debts on the portfolio of auto loans to individuals as of 01.01.15, thousand rubles	The share of overdue debt in the car loan portfolio as of 01.07.14,%	The volume of overdue debt on the portfolio of auto loans to individuals as of 01.07.14, thousand rubles	The share of overdue debt in the car loan portfolio as of 01.01.14,%	The volume of overdue debt on the portfolio of auto loans to individuals as of 01.01.14, thousand rubles
	Surgutneftegazbank
	Moscow Industrial Bank
	Toyota Bank
	Center-invest
	Svyaz-Bank
	Russian Capital
	Agropromcredit
	Pervobank
	Europlan Bank
	Bank "Saint-Petersburg"
	AyManiBank
	Plus Bank
	Loco-Bank
	Zapsibkombank
	Baltinvestbank
	Chelindbank
	FastBank *
	Credit Bank of Moscow
	Asian-Pacific Bank
	Primsotsbank
	RosEvroBank
	Rusfinance Bank
	Tatfondbank
	Rosavtobank
	Transcapitalbank
	Gazprombank *
	Metkombank (Cherepovets) *
	Levoberezhny
	Solidarity (Samara)
	Revival
	Investkapitalbank
	Nordea Bank
	Pervomaisky
	Alfa Bank
	Rosgosstrah Bank
	Baltic Bank
	Express Volga
	Probusinessbank

* The bank has provided updated data for one or more past reporting periods

At the end of 2014, 46 banks that took part in the rating and shared data on the volume and number of loans, in total, issued auto loans to individuals for 398.8 billion rubles.

Most of the car loans were issued by the Sberbank of Russia group (over 84 billion rubles, including 71.8 billion rubles issued by Cetelle Bank). In second place is VTB 24 (60.9 billion rubles), and in third place is Rusfinance Bank (51.6 billion rubles).

The same credit institutions are leading in terms of the number of loans provided. So, for 12 months of 2014, the Sberbank of Russia group issued 150.5 thousand car loans (of which 128.2 thousand were issued by Cetelem Bank). VTB 24 accounts for 114.6 thousand, and Rusfinance Bank - 107.1 thousand.

Let's pay special attention to the fact that Alfa-Bank and Rosavtobank provided data on the volume and number of car loans issued only for the second half of 2014 and therefore were not ranked by these indicators for the whole 2014.

Registration number

Volume of car loans provided in 2014, thousand rubles

Volume of car loans provided to individuals in the second half of 2014, thousand rubles

Volume of car loans provided to individuals in the first half of 2014, thousand rubles

Volume of auto loans provided to individuals in the second half of 2013, thousand rubles

In Moscow and the Moscow region

In other regions

In Moscow and the Moscow region

In other regions

In Moscow and the Moscow region

In other regions

Sberbank of Russia Group

including Cetelem Bank

Rusfinance Bank

UniCredit Bank

Toyota Bank

AyManiBank

Metcombank (Cherepovets)

Credit Europe Bank

Plus Bank

Gazprombank *

FastBank *

Pervobank

Europlan Bank

Baltinvestbank

Credit Bank of Moscow

Loco-Bank

Russian Capital

Bank "Saint-Petersburg"

Asian-Pacific Bank

Khanty-Mansiysk Bank**

Center-invest

Svyaz-Bank

Tatfondbank

Transcapitalbank

Investkapitalbank

Surgutneftegazbank

Zapsibkombank

Chelindbank

Nordea Bank

Agropromcredit

Moscow Industrial Bank

Primsotsbank

RosEvroBank

Revival

Pervomaisky

Levoberezhny

Baltic Bank

Rosgosstrah Bank

Alfa Bank

Rosavtobank

* The bank has provided updated data for one or more past reporting periods

** Until November 2014, the bank existed as a separate legal entity, however, since November, Khanty-Mansiysk Bank, Otkritie Bank and Novosibirsk Municipal Bank have been reorganized into a new legal entity - Khanty-Mansiysk Otkritie Bank

Registration number

Number of car loans granted in 2014, pcs.

The number of car loans provided to individuals in the second half of 2014

The number of car loans provided to individuals in the first half of 2014

The number of car loans provided to individuals in the second half of 2013

In Moscow and the Moscow region

In other regions

In Moscow and the Moscow region

In other regions

In Moscow and the Moscow region

In other regions

Sberbank of Russia Group

including Cetelem Bank

Rusfinance Bank

UniCredit Bank

Toyota Bank

AyManiBank

Metcombank (Cherepovets)

Credit Europe Bank

FastBank *

Plus Bank

Gazprombank *

Pervobank

Loco-Bank

Europlan Bank

Baltinvestbank

Asian-Pacific Bank

Svyaz-Bank

Russian Capital

Surgutneftegazbank

Credit Bank of Moscow

Bank "Saint-Petersburg"

Center-invest

Khanty-Mansiysk Bank**

Tatfondbank

Investkapitalbank

Transcapitalbank

Zapsibkombank

Chelindbank

Nordea Bank

Agropromcredit

Levoberezhny

Primsotsbank

Pervomaisky

Moscow Industrial Bank

Revival

RosEvroBank

Baltic Bank

Rosgosstrah Bank

Alfa Bank

Rosavtobank

* The bank has provided updated data for one or more past reporting periods

** Until November 2014, the bank existed as a separate legal entity, however, since November, Khanty-Mansiysk Bank, Otkritie Bank and Novosibirsk Municipal Bank have been reorganized into a new legal entity - Khanty-Mansiysk Otkritie Bank

Car loan is a popular financial service that is actively promoted by banks and car dealerships seeking to attract more customers. The interest in car loans is constantly growing: today every second car is bought using borrowed funds.

In 2013, this figure was only 46%, which indicates a significant increase in car loan transactions. What conditions do banks offer today, and what is the average rate for car loans in 2014?

Rates and rates of banks for car loans

A car loan is a secured loan, since the purchased car automatically becomes a mortgaged property, and if it is not paid, it will be withdrawn for resale. This makes such loans more reliable for banks, which allows lower interest rates.

For example, if in Sberbank the minimum interest on consumer loans is 16-18% per annum, then on car loans it decreases to 14.5%. The rate on a car loan in 2014 in most banks is in the range of 13-20% per year, and in some programs it is higher due to additional conveniences of the borrower:

• Car loans are actively offered under two documents. This is very convenient for the client, since there is no need to collect certificates of creditworthiness and wait for the data verification for several days. Now, most banks offer express lending, in which you will receive a response in a few minutes.

During this time, the bank cannot verify the veracity of all information provided by the client, so the loan turns out to be unreliable. This leads to the fact that the bank simply compensates for the risk with increased rates.

• Such a service as a car loan without a down payment is also gaining popularity. In this case, the loan is issued for the full cost of the car, and sometimes a deferred payment of the principal is also offered.

This saves the borrower from major expenses, but in the future, the full cost of the car has to be paid at increased rates. For example, in Orient Express Bank the rate for such a car loan this year was 29%.

• Lending without CASCO is perhaps the most risky loan for a bank, since when the collateral is destroyed, serious problems arise with the repayment of the debt. In this case, the borrower will have to pay for the car and for the loan on his own in order to continue using the car.

Car loan rates in showrooms

Many borrowers prefer to apply for a loan not to a bank, but directly to a car dealership. In this case, the loan is still issued through a financial institution, however, the conditions for it can be much more favorable.

The interest rate on car loans in 2014 for some cars ranged from 3 to 10%, and in some showrooms, interest-free loans were offered. In this case, the salon fully repays the bank overpayment at the expense of a large discount, so the loan is the most profitable for the client.

Zero marketing rate is more common when obtaining a loan from captive banks: this is the name for financial institutions that are part of manufacturing companies. A Volkswagen car can be purchased in the showroom using a loan from Volkswagen Bank Rus - this organization initially offers reduced rates, since the company does not want to lose profit from the loan and give it to third-party banks.

In a few minutes, in a maximum of an hour, an answer will come to her, after which the client will sign contracts for the purchase and sale of a car and for a loan. As a result, a profitable loan can be obtained almost immediately, and a new car will be transferred to your property literally on the same day.

Car loan rates in leading banks

Car dealerships work at favorable rates with new cars, and it is better to get loans for used cars immediately through the bank. In addition, there is not always an official dealership of the required brand in the city, so you have to contact other sellers. The rate on car loans in 2014 in the largest banks remained practically unchanged in accordance with the existing programs, and the choice of loan offers expanded. Today borrowers are offered the following options:

1. In Sberbank of Russia, car loan rates for 2014 range from 14.5% to 16%, and there is a lucrative offer for salary clients and buyers of certain brands. The loan term should not exceed 5 years, the loan amount should not exceed 5 million rubles. Requires compulsory CASCO insurance and proof of solvency with an initial payment of 15%.
2. Today Gazprombank offers a classic car loan with a rate of 14.5% per annum for a period of up to 5 years. It is complemented by a number of special offers targeted at individual car brands. Down payment - from 15% of the cost, CASCO insurance is required.
3. At VTB24, the minimum possible rate is 14%, the maximum is 18% for the classic program with mandatory confirmation of income. The loan term has been increased to 7 years, the maximum amount is 5 million rubles, the first installment is from 15% of the cost of transport. There is also the Autoexpress program, in which a loan can be obtained with only two documents with an increase in rates.

If you need a car loan, the rates of the banks in 2014 will allow you to get a very profitable loan. Offers are becoming more affordable, so the number of such deals is growing rapidly. However, along with this, the debt on car loans also grows, so the borrower needs to be as careful as possible when solving their financial issues.

The loan most often turns out to be unpaid due to a lost source of income or because of unfavorable conditions. For example, the borrower decided to pay off faster and chose too short a term, which led to an increase in the size of the loan.

No significant changes are expected in the procedure and conditions for granting loans for the purchase of cars in the current year. However, there are some points that those wishing to take out a loan to buy a car in 2014 should pay attention to.

State car loan program 2014

The Ministry of Industry and Trade does not intend to resume state subsidies for car loans in the near future, explaining this by the unstable economic situation, the incomprehensible situation with banks, the inevitable increase in car prices and the continuing decline in the market for new car sales (in January-February it fell to 4%). The substantial state support for car loans, as well as corporate programs that the manufacturers themselves had in 2013, played a certain positive role, as a backlog for 2014. Thanks to this state program for car loans in the Russian Federation, in the period from July to December 2013, about 280 thousand concessional loans were issued. In the same year, it was decided to direct the funds to support the domestic auto industry, which will primarily affect freight and bus transport with a developed infrastructure for gas engine fuel.

Preferential car loans in 2014 in question

With the help of preferential car loans, the Ministry of Industry and Trade compensated 75% of the Central Bank's refinancing rate for buyers of domestically produced cars. The program was supposed to be extended until April this year. However, the state considered that the main goal of the car loan program was achieved and closed it ahead of schedule, on December 31. If the situation on the sales market changes for the worse, then preferential subsidies may resume. In any case, the risks of this type of lending for the state are small, since they are a secured loan, the security of which is the purchased car. Therefore, you should not be afraid of refinancing. According to experts, if the program of preferential car loans has to be renewed, then it is necessary to take into account the changes that will occur in the banking system.

Sberbank car loans in 2014

To purchase a car on credit, Sberbank currently offers three options for car loans:

• Basic car loan program. Allows you to purchase a used or new car of domestic and foreign production. The purchase is a pledge at the bank. After receiving a loan, 90 days are given for searching and purchasing a car. The available amount is from 45 thousand to 5 million rubles, the interest rate is 14.5-16% in rubles, 11.5-13% in foreign currency. Issued for a period from 3 months to 5 years.
• State subsidy program. Provides a discount on the interest rate of up to 23% from the refinancing of the Central Bank. Among other things, under the program it is possible to purchase a new car without providing documents confirming income. The interest rate is not fixed and depends on the refinancing rate of the Central Bank of the Russian Federation. However, for those who issued a car on credit, the rate that was indicated initially remains the same and does not depend on changes in future conditions. The loan amount is equal to 85% of the car value, not exceeding 750 thousand rubles. The rate depends on the term and status of the client and is equal to 8-10%. Issued for a period of 3 years.
• Car loan affiliate program. The interest rate for this program is equal to that in the base program. It is possible to reduce the cost of repayment of the loan due to a discount on the cost of a car by one of the bank's partners. Using the offer, you can purchase a new Audi, Opel, KIA, Volkswagen, Skoda, Chevrolet, Seat. Of course, only a new car can be purchased under this program. The initial payment is 15% or more, the term of issue is up to 5 years. The rest of the conditions are the same as in the base program.

Banks car loans in 2014

VTB - 24, Sberbank, Rusfinance Bank, Rosbank and Rosevrobank should be noted among the leading Russian banks providing car loans in 2014.

The standard car loan program of VTB-24 Bank includes 10 types of loans for a period of 1 to 7 years at 10-25% per annum. The bank issues car loans for the purchase of both a new and a used car. The initial payment starts from 15%, and the maximum amount reaches up to 1 million rubles. A client aged 21 and over with a salary of at least 10 thousand rubles has the right to receive a loan. The size of a car loan is calculated individually for each borrower. The value of the interest rate is influenced by the currency of the loan, the down payment and the maturity of the loan. If you get a loan with a minimum term and a large down payment, you can save money.

Sberbank of Russia offers a standard car loan program with 2 loans: "Auto" - in rubles from 45 thousand to 5 million, for a period of 3 months to 5 years, with an interest rate of 14.5 to 16%. And the car loan program "Auto (for clients)" with an amount of 45 thousand to 1 million rubles, for a period of 3 months to 5 years, but with an interest rate of 13.5-15%. The interest rate at Sberbank depends on the brand of the car being purchased, the down payment, currency and loan term. A discount of 0.5-1.5% per annum is provided for clients with a good credit history and transferring salaries or pensions to the bank card account. The loan is issued for new and used cars in rubles, dollars and euros. The purchased vehicle serves as a pledge.

The Rusfinance bank program is represented by 42 loans. The amount ranges from 50 to 750 thousand rubles. Only the loan "Dvizh, OK frech (Standard offer)" offers an upper limit of up to 1 million rubles. Possible term from 1 to 5 years, interest rate from minimum 6.9% (loan "Fiat Finance") to maximum 29% (loan "What you need").

Rosbank offers 8 types of loans for a period from 6 months to 5 years in the amount of 60 thousand to 5 million ("Classic" loan) and an interest rate of 11.4 to 20.9% per annum.

In RosEvrobank there are 9 loans issued for a period of 1 to 5 years, with an interest rate of 9-17%. The maximum possible amount is from 1 million (loan "Classic Moto") to 5 million (loans "Berlin-Tokyo", "Classic Import" and "Commercial vehicle").

Banks rating for car loans 2014

According to the results of activity in 2013, VTB 24 is among the most active car loan banks, which has risen from the 2nd place to the 1st, thanks to an increase in the volume of car loans by 32% compared to 2012. The largest bank in Russia, Sberbank, on the contrary, moved from the leading position to the second position, having issued loans 9% less than in the same period last year. The third place in the rating is occupied by Rusfinance Bank, which reduced the issuance of loans by 1.85%. With a 6% drop in loans, Rosbank ranked fourth in the ranking. Rosevrobank closes the top five with negative growth of 22.12%.
The following places in the top ten reliable car loan banks are located as follows: Toyota Bank, UralSib, AyManiBank, Raiffeisenbank Russia and Cetelem Bank.

Perhaps every person dreams of a luxury car that will evoke the envious glances of friends and ordinary passers-by. For most of our fellow citizens, exclusive foreign cars cannot afford
so all they can count on is a home-made vehicle or a used car assembled in Europe, America or Japan. This opinion is fundamentally wrong, because in any situation you can take out a loan to make your dreams come true.

Conditions for a car loan at Sberbank for 2014

In the new 2014, Sberbank offers a preferential car loan on the most favorable terms. Now anyone can buy the car of their dreams. Interest rates don't bite too much, so you won't have to tighten your belts. Bank representatives understand that for ordinary citizens a vehicle is the next stage in their life. Helping people take this step is a worthy goal for any financial institution. Sberbank conducts a policy under the slogan "The car is not a luxury." In any department, friendly employees of the institution will explain to people that you can get a loan in a matter of hours and sometimes even without a down payment.

The base interest rate is about 15%. The indicator is taken on average, since, depending on individual conditions, it can range from 13.5 to 16%. We are talking about paying in rubles. For foreign exchange transactions, other rates are provided that do not exceed 13% per annum. According to the state program, the numbers look more attractive, so it makes sense to try to knock out the necessary documents for conducting a financial transaction under softer requirements (but more on that in a separate article).

Sberbank provides credit funds exclusively for the purchase of a vehicle. The car can be, which is especially pleasant, both new and, accordingly, used. Model, brand and other little things do not represent a significant difference. Only the estimated cost of the car and the correctness of the paperwork for it are important. You don't have to worry about what percentage will be assigned to a person with a low income. In most cases, you do not need to provide employment certificates and proof of income.

There are no additional fees for financial transactions. It is much easier for individuals to apply for a car loan than for legal entities, therefore in some cases even an online application on the official website of Sberbank is suitable. After that, the person needs to come to one of the offices to confirm the data and make some adjustments. The decision on the provision of funds by the bank takes from several hours to a couple of days. It all depends on the individual conditions of each case taken.

The conditions for granting a loan for persons with an account with Sberbank are more loyal than for strangers. It takes only 2 hours to complete all documents. In the worst case, operations will take 1-2 business days. The same amount of time may take a car dealership to check the reliability of the data provided, however, this happens very rarely.

Another advantage car loan from Sberbank is the ability to choose a vehicle model after receiving funds. The financial institution gives three months for this. In addition, refinancing will not affect this period, which will have a favorable effect on the interest rate.

If a person's individual income is insufficient to obtain a loan for an especially large amount, his spouse or close relative may be involved as a co-borrower. He must give a written agreement that two people are now responsible for paying the money. In some situations, subsidizing operations is possible, but there are many conflicting points.

Most often, funds are issued not to your hands, but to a credit card. Sberbank provides two options for Visa and MasterCard systems. The money is credited directly to it. The amount of the credit limit on cards reaches 150-200 thousand rubles, which do not relate to the amount provided. The bank issues such products only after the approval of the documents and confirmation of their validity.

Loan agreements are concluded for the purchase of cars that are no more than five years old. We are talking about domestic vehicles and machines made in China. For foreign cars assembled in Europe, Japan and America, the permissible age is 10 years. Dates are taken based on the state at the time of the conclusion of the contract.

Base initial payment is at least 15% of the total loan amount. Moreover, if a person contributes 30% or more, he may not provide information about his employment or income. Bank employees will complete all the necessary documents in a matter of hours in order to provide him with at least 70% of the amount.

A special calculator presented on the Sberbank website will help people determine how much they will pay on a loan per month. A huge number of fields are required. They are represented by the type of calculation, currency, average monthly income, loan term, down payment, type of vehicle. It is also necessary to indicate the category of the borrower, the brand of the vehicle, its model and the estimated start of payments. In this way, you can calculate the amount that a person will overpay for the entire time of lending. The information is provided in a convenient form, in the form of tables and graphs.

Loan terms does not exceed 5 years. Moreover, its minimum value is 3 months. In domestic currency, no more than 5 million rubles are issued to one individual. This is the maximum loan value. You can get up to 150 thousand in dollars, and up to 120 thousand in euros. The value of the minimum amounts is 45 thousand in rubles, 1400 and 1000 in dollars and euros. The loan is secured by a pledge or real estate. Any operation is subject to compulsory insurance provided for the entire loan period. Accordingly, the shorter the term, the less a person will overpay.

The preferential car loans in 2014 made it possible to arrange car loans, which was previously unrealistic for buyers. After all, the current prices in the automotive market are too high. Not everyone can afford such a pleasure, especially when it comes to residents of remote regions. Besides, not everyone dares to take out a loan, fearing to get bogged down in it. Therefore, buying a car seemed like a pipe dream.

But in 2014, this situation changed thanks to the introduced program, which made it possible to exercise. The program ended in January 2014 due to the economic situation in the country, although initially its completion was scheduled for the end of 2015.

Benefits of the 2014 preferential program

The state preferential program has changed significantly in comparison with its first stage. In 2014, a preferential car loan consisted in the payment by the state of the greater part (namely, 2/3) of the total interest rate. For example, if the rate was 15%, then the client paid only 8-9%.

Earlier in 2009, preferential car loans were focused on assistance with the domestic auto industry. Thus, the list of cars that could be purchased on credit on preferential terms was limited only by a domestic manufacturer. But in 2014 significant changes were made, according to which it was allowed to issue a car loan for cars not only of domestic production, but also foreign ones.

The list of cars available for preferential car loans in 2014 increased significantly and included the following brands:

• Chevrolet;
• Citroen;
• Daewoo;
• Ford;
• Hyundai
• Lada;
• Mazda;
• Mitsubishi;
• Nissan and many others.

As for the domestic auto industry, absolutely all cars could take part in.

Favorable conditions and a preferential percentage of payments made it possible for every second citizen to purchase a car.

Conditions of the preferential car loan program

In 2014, some changes were made regarding the procedure for issuing a loan.

Below is a list of prerequisites:

1. The purchase amount should not have exceeded 750,000 rubles (equipment and other services are included in this amount).
2. The initial contribution amount was at least 15% of the total value of the car.
3. The car loan was not issued for more than 3 years.
4. It was possible to get a car loan only for a new car, not older than 1 year.
5. A car loan was not issued for cars that were registered or were ever issued to an individual.
6. The mass of the vehicle was not supposed to exceed 3.5 tons.
7. A car loan on preferential terms was aimed at individuals and excluded the opportunity to participate in the program for representatives of individual entrepreneurs and other small businesses.

You could get a preferential car loan by contacting any official car dealership.

The main documents required for applying for a car loan on a preferential program:

1. Passport of a citizen of the Russian Federation or other identity document.
2. Completed loan application form.
3. If desired, the driver could provide a certificate from the employer, which indicates the period of work and wages. In this case, the interest rate may be reduced.

The size of the credit rate largely depended on the initial payment and, accordingly, the term of the loan.

Bank participation

In 2014, some banks were not included in the program due to rather harsh conditions. This was the reason for the tempting rate for a car loan.

When choosing a bank, it was important for clients to take into account such points as the term for obtaining a loan, the brand of the purchased car and the amount of the down payment.

A large number of banks within the framework of the program promised their clients an interest rate of only 10%, which was a rather lucrative offer. In addition, it became possible to deposit a large amount of money against a deposit and simultaneously obtain a car loan. Then the interest on the deposit overlapped the rate on the issued car loan. These conditions were very attractive for borrowers and banks acquired new clients.

Since reworking in 2014, it has gained a lot of fame and popularity, going beyond the circle of motorists. Competition among banks intensified, as a result of which more interesting conditions appeared and banks began to actively offer the program to their clients.

Below are the offers of the most famous banks that have long established themselves as reliable and fulfilling the conditions, thereby gaining the trust of their customers.

Let's start with Sberbank, popular in Russia, which has a rich history and traditions that have developed over the years. For example, a client took a car under a preferential car loan program at 8% per year, then thanks to Sberbank, the rate was reduced to 2.5%. Such an offer is undoubtedly beneficial and attractive to the client. But it was also necessary to get acquainted with the procedure for providing this kind of service. There were some requirements: the person applying for a car loan had to be at least 21 years old, and also be a citizen of the Russian Federation, have work experience of 2 years and more, documented by the employer, in addition, an amount of 15% of the cost of the purchased car was required. In total, Sberbank has issued more than 13% of such loans.

The next most popular one is VTB 24. In this bank, the preferential car loan program manifested itself almost as usual. VTB 24 offered to choose additional options for car loans in addition to the state program. The conditions are identical to those of Sberbank. It is known that the bank issued about 17.2% of car loans under the 2014 program. It is interesting to note that the bank also issued credit cards to customers, thanks to which it was possible to conclude other transactions with an interest rate of 17-19%.

Along with Sberbank and VTB 24, citizens often chose Rosselkhozbank, Gazprombank and other banks, where the percentage of car loans was significantly lower.

During the implementation of the program for preferential car loans, many well-known banks have increased their annual income and acquired a good reputation in the economic market.

In 2013 and 2014, a large number of Russian citizens, with the assistance of banks, made profitable deals, thereby allowing the Russian economy to grow, as well as supporting a large number of car manufacturers.

In general, during the period of the program for the preferential registration of auto loans, a significant number of citizens were able to purchase a car. The reduced annual and interest rate of 15% has become one of the best deals in several years.

Considering that this program has justified itself even in the fact that the number of car sales has increased significantly, then we can consider this a fairly persistent argument in order to launch it again. It is known that a product that is popular among the population and brings good profit will always be in demand. The 2014 concessional car loan program was just that.