A car is no longer a luxury for every person. Therefore, all citizens dream of having their own means of transportation. But, unfortunately, this is impossible to do as the crisis progresses. Annual inflation prevents people from saving for their dreams. Therefore, a financial product, a car loan, appeared on the financial market.
Now, to buy a car, you don’t have to deny yourself the necessary purchases and wait ten years to save up. By contacting the bank you will receive the necessary amount to purchase a specific car. Government support in the form of subsidies is in particular demand for this type of lending. So what is it?
What is the government program for subsidizing car loans and what is its essence?
According to Dmitry Medvedev’s instructions, in 2015 there was resumption of the subsidy program.
The state program for subsidizing car loans is the provision of compensation to the bank to reduce the interest rate on a car loan.
Banks receive for this an amount of 2/3 of the refinancing rate for each such loan issued.
And the borrower pays the bank the difference between 2/3 of the rate and the indicated interest. This mechanism has the opportunity to stimulate Russian citizens to purchase a specific car.
Car loan with government subsidies in 2016 and 2017
Requirements for the car and the borrower
Previously, all cars were subject to a subsidy program. But after reviewing its policy, the state removed several criteria in 2013. For example, until this year, people bought exclusively new Russian cars. At a specific time, this rule no longer has any force.:
- Subsidizing car loans in 2016 provides for the following requirements for cars The price should
- not exceed 1 million rubles. Vehicle weight
- does not exceed 3.5 tons. Russian Federation or a company partner.
- The car had no previous owner and is not registered with the traffic police.
- Age limit - car no older than 1 year.
Requirements for borrowers:
- Age limit: 21-65 years old.
- The buyer is an individual.
- The borrower has Russian citizenship and corresponding registration in the territory.
- The client is officially employed and can document this.
- Borrower's work experience last place at least three months, and the length of service according to the work book is one year.
- Down payment on loan 10% of the cost.
- Only positive credit history.
- A child under six months of age will not be allowed to take out a car loan.
The procedure for calculating the interest rate
The subsidy program created unspecified conditions for each financial institution. It placed banking organizations within the framework and therefore few remained in the lending market. The state has put forward requirements for calculating interest and subsidizes only urgent ones.
The interest rate depends on the established refinancing rate of the Central Bank of the Russian Federation, and calculations are made according to the formula C = D – 2/3 x P, where C is the unknown interest rate for the borrower; D - current interest on this type of lending; R is the established refinancing rate in the Central Bank of the Russian Federation.
Example: the rate is 20%, and under the subsidy program it is 10.67%. Bet = 20-(14*2/3).
State program for subsidizing car loans in various Russian banks
Preferential car loan at Sberbank
Sberbank represents financial institution, which has long proven itself in the lending market. The state works actively with this institution, so all programs are aimed at it.
Borrowers are provided with several types of car loans using government funds:
- Classic car loans.
- Car loan with two documents without additional information about income.
A preferential car loan from Sberbank requires the following requirements for borrowers:
- Client with Russian citizenship.
- Age at the time of purchase of the loan is 21 years.
- Work experience of at least six months and availability of official earnings, confirmed by a 2NDFL certificate.
- Initial amount that must be available on the borrower's accounts 15% of the cost of the car.
Subsidizing a car loan at Gazprombank
Gazprombank. The subsidy program has been applied to this bank not long ago. Its effect extends to all regions of the territory where the bank has a branch.
- The maximum amount for issuance is 510 thousand rubles.
- The maximum loan term is 36 months.
- Interest rates vary. Minimum 7.5%.
Loan funds are issued only after provision of security in the form of purchased property or real estate. Fixed payments are calculated before signing loan agreement. A prerequisite is the purchase insurance policy CASCO and its annual renewal.
VTB24 preferential program
VTB 24 issues preferential loans for a period not exceeding three years.
- The down payment on the loan is 20% of the price of the car.
- The interest rate, minus subsidies, is 10%.
Car loan with state subsidies in Uralsib
Uralsib issues car loans at 6%. Depends on individual characteristics the borrower, as well as from the period of acquisition of obligations.
- The first amount you are required to pay is 15% of the price.
- You leave the title as collateral after completing the purchase of the car.
- The bank lends only Russian cars.
State program for subsidizing car loans at Raiffeisenbank
Raiffeisenbank issues a loan for the purchase of a car at 11.83% per annum.
- The loan term is 3 years.
- Credit limit - 510 thousand rubles.
- The down payment on the loan is 15%.
- You can buy a car of domestic and foreign production.
- Age limit is 24 years.
Preferential car loan at Loko-Bank
Loko-bank offers customers to purchase a car at a preferential interest rate of 8% per annum.
- Registration of two documents.
- The down payment is 20% of the cost.
Advantages and disadvantages of a car loan with government subsidies
Many people, wanting to buy the car of their dreams, do not dare to do so. After all, they do not know the shortcomings and problems of this type of lending.
The advantages of subsidized loans are:
- Possibility of purchasing a specific car at a reduced interest rate. By reducing interest rates, the state allows you to buy a dream at a reduced price. This kind of promotion allows the Russian financial market to enrich itself from the number of people who want to save on purchases.
- You can buy a car from various manufacturers.
- A large number of banks that participate in the car loan subsidy program. This allows the client to decide on a financial institution independently.
- The initial amount is only 15% of the cost.
Disadvantages of this car loan:
- Short loan period. As a rule, all banks issue car loans for no more than three years.
- Car cost should not exceed the amount of 750 thousand rubles.
- The subsidy program allows you to purchase only a new car.
- Lending occurs only in rubles.
Nuances
A car loan under the state program is a subsidized cash loan issued from a bank for the purpose of purchasing a new car, endowed with preferential conditions that make this process accessible to the majority of Russian citizens.
The essence of government subsidies
In the spring of 2009, the Russian authorities launched a program of preferential government lending for the purchase vehicle, the essence of which was to increase demand for the purchase of nationally produced cars. Despite the economic crisis of this time, Government program gave a powerful impetus and over the course of two years, more than 350 thousand subsidized loans were issued to the population.
Preferential car loans consist of partial compensation of payments at an interest rate made at the expense of the budget.
This state material support is about 2/3 of the loan amount, indicated in percentage terms. For example, the interest rate on a car loan is 14%, applying for preferential subsidies will lower the interest rate by 6-7 units, its size will change by almost half and amount to 7-8%.
At that time, the main requirements of the government subsidized program were:
- Buying a nationally produced car.
- The bank that issues the car loan is a participant in the state program.
- The price of the car did not exceed 600 thousand rubles
| Year | Prepayment | State subsidy rate (2/3 of the average rate for a car loan in those years) | Term | Note |
|---|---|---|---|---|
| 2009 | 15% | 6% | 3 years | The state program was stopped at the end of 2011. |
| 2015 | Not less than 1/3 of the cost of the car | 8,33% | 3 years | Resumption of the preferential program on the initiative of the Prime Minister of the country. |
| 2016 | 20 % | 6,67% | 3 years | You can purchase foreign cars assembled in the country. |
New conditions
In the past year, the conditions of the preferential government lending program have undergone some modifications; the share of the refinanced rate has remained stable - 2/3 of the share.
Subsidized state car loan - key terms of the program in 2017:
- The maximum price of a car is 1 million 450 thousand.
- Car loans with government subsidies are issued for a period not exceeding three years.
- Fixed preferential discount – 6.7%.
- There is no prepayment when purchasing a vehicle.
- Finance for the purchase of a car on credit under the state program is issued exclusively in national currency.
- The starting amount of a state car loan is determined by bank employees, and the maximum should not be more than 920 thousand rubles.
- The new car does not have to be registered or registered as an individual. face.
- State preferential car loans are not issued for vehicles weighing more than 3.5 tons and for use in commercial purposes.
Subsidizing car loans, its conditions, specifics and rates may have distinctive features according to the policy of a particular banking institution.
Differences with the key conditions of the preferential state program are observed in the following positions:
- Starting amount of a state car loan.
- The interest rate followed by calculation of the final amount paid by the borrower.
- Minimum loan term for purchases with government support.
What cars are eligible for government loans?
The preferential car loan under the state program in 2017 is distinguished by loyal requirements regarding the vehicle manufacturer, its trademark. Today you can buy on credit a car not only of national, but also foreign assembly.
List of vehicles for which you can get government subsidies.
| № | car brand | Model |
|---|---|---|
| 1 | Chevrolet | Niva, Cruze, Aveo, Cobalt, |
| 2 | Citroen | C-Elysee, C4 |
| 3 | Daewoo | Nexia, Matiz |
| 4 | Ford | Focus |
| 5 | Hyundai | Solaris |
| 6 | KIA | Rio, Cee'd |
| 7 | Mitsubishi | Lancer |
| 8 | Nissan | Almera, Note, Tiida |
| 9 | Opel | Astra |
| 10 | Peugeot | 301, 408 |
| 11 | Renault | Duster, Logan, Sandero |
| 12 | Skoda | Fabia, Octavia, |
| 13 | Toyota | Corolla |
| 14 | Volkswagen | Polo |
| 15 | Bogdan | All |
| 16 | UAZ and ZAZ | All |
| 17 | Lada | Granta, Kalina, Priora, Largus, 4×4, Samara, Vesta, etc. |
The state car lending program in individual banking institutions may exclude from participation some models of models entered into the register by the government. State support applies exclusively to “young” cars, which are no more than a year old from the date of production at the time of purchase.
For vehicles owned by a foreign manufacturer, several requirements remain unchanged:
- The collection of the car must be carried out on the territory of the Russian Federation.
- The cost of the car should not be higher than the maximum fixed price.
Current programs
Since mid-summer, a number of special programs have been operating in the Russian Federation, allowing citizens of the country to buy cars with state support and receive an additional subsidized discount on the purchased vehicle in the amount of 10% of its cost.
Loan programs for the purchase of a car:
- "First car"– the preferential program was created specifically for people buying a car for the first time. According to this state project You can only purchase one vehicle, and the buyer must already have a driver's license. All information will be checked by the State Traffic Inspectorate and bank employees in KI.
- — the project is intended for a family in which two or more minor children are growing up.
- "Russian tractor"— both individuals and business organizations. To the main 10% discount, which is valid only for Russian-made tractors, an additional 2.5% of the cost of the car is added.
- "Russian Farmer"— the preferential state program was developed for representatives of small or medium-sized agricultural businesses. The subsidized discount is identical to the above project and applies to equipment Russian assembly.
- "Your own business"— a state program to support consumer demand for vehicles among representatives of small and medium-sized businesses. It also involves increasing the subsidy to 12.5%.
Requirements
The key requirements of the state subsidy program are:
- Having an impeccable credit history individual.
- For families with children – the child is 6 months old.
Banks offering preferential car loans present Additional requirements and conditions based on your own credit policy and general scheme work.
- Minimum age limit the future borrower is lowered to 18 years of age at Credit Europe Bank, while in other institutions citizens from 21 years of age can participate in the program, and at Cetelem Bank from 23 years of age. Maximum age, approved by most financial institutions, is 65 years.
- One of the main requirements from the borrower is permanent registration at the place of loan processing and state support for a car loan. Few organizations dare to issue loans to persons without permanent registration - among them: VTB24, Rosbank, Unicreditbank.
- Requirements to labor activity are largely similar for all banks: total work experience of at least one year, and no less three months in the current workplace.
- Providing certificates confirming solvency and income level is not a prerequisite, but their presence significantly increases the chances of receiving additional privileges and discounts from the bank.
Review of banks
State preferential car loans does not provide information on the list of banks participating in the program. Not all financial organizations could not withstand the pressure of the requirements imposed by the state and dropped out, making way for institutions that process more than 80% of all car loan sales.
The most convenient option for buying a car with a state support program is to visit a car dealership. The procedure will save personal time and already on site, the client will learn everything about the partner bank, its conditions and decide on the purchase of the desired car.
Banks have the right to personally set the amount of prepayment - this could be a car loan from 0% down payment and up to 30%. The minimum period for issuing a subsidized loan, depending on the bank, is from 3 to 12 months.
The table provides information regarding new passenger cars.
| Banking organization | Down payment | Interest rate |
|---|---|---|
| Taking into account the subsidized rate | ||
| VTB 24 | From 0% | From 5.5% |
| UniCredit Bank | From 10% | From 6.5% |
| Rusfinancebank | From 20% | 0.102 |
| From 134 thousand | From 6.4% | |
| Excluding subsidized rate | ||
| Rosselkhozbank | From 15% | From 13.5% |
| Gazprombank | From 12.75% | |
| Sberbank | From 15% | |
| Uralsibbank | From 20% | From 8% |
The starting amount of a preferential car loan is 100 thousand rubles, some institutions can lower it to 50 thousand (Rusfinancebank) or raise it to 300 thousand (Rosbank).
A car loan under the state program projects the need to obtain insurance for the collateral (CASCO). Sometimes the amount of the insurance policy is included at the initiative of the bank in the loan itself (Rosbank, VTB24, Expert Bank), and in some institutions it is not required at all.
The payment scheme for a preferential car loan under the state program is annuity, made every month in equal payments, including debt and subsidized interest.
How to calculate a car loan under the state program?
The official pages of most banking organizations are equipped with a “loan calculator” program that allows you to make a preliminary calculation of the desired subsidized loan by entering the relevant information.
Loan calculators of banks that have developed special car lending projects under the state program carry out settlement operations taking into account the subsidized discount.
Otherwise, to calculate the total and monthly payment amount, the potential borrower must subtract 6.7% from the base annual rate.
For example: the bank issues a car loan at 14% per annum, using simple mathematical operations (14% -6.7% = 7.3%), we obtain the size of the preferential rate under the state program. According to statistics, the maximum rate, taking into account the subsidized discount, is 13.3%.
A significant advantage of preferential lending is the reduction in the amount of overpayment on interest rates, as a result of which buying a car becomes more affordable. But, at the same time, not everyone can become a participant in such a program.
What is car loan subsidization?
In 2009, the Russian government developed and launched a program of state preferential lending for the purchase of a car domestic production. This decision was made at the height of economic crisis, and the essence of the program was to create an incentive to increase consumer demand for cars produced by Russian enterprises.
State lending support consists of partial repayment at the expense of budget funds, payments provided for interest rate on a loan. Traditionally, this government compensation is 2/3 of the amount, which is indicated as a percentage of the cost of the car and which is the bank’s income for providing the loan.
It is important to know that compensation is not carried out for the entire loan rate, but only for the refinancing rate payable to the Central Bank of the Russian Federation by banking organizations on loans that they received from central bank. In other words, if bank rate for a car loan will be 20%, and refinancing 11%, then the amount to be compensated is 7.33%, and the remaining 12.67% is paid by the borrower. This calculation is carried out using the following formula: 11/3x2=7.33 and 20-7.33=12.67. The refinancing rate is set by the Bank of Russia on the corresponding date.
The result of the introduction of state auto loans was a 50% increase in the production and sales of AvtoVAZ cars. But, despite such high indicators, the program was suspended for some time and only in 2013 the government resumed state car lending. In May 2017, 10 billion rubles were allocated from the budget for the sale of new cars, but at the same time, changes were made to the conditions for providing state preferential car loans and requirements for banks.
New terms and conditions
The list of cars that fall under the program has been significantly expanded (added SUVs), and is now allowed to purchase with government subsidized lending not only domestic, but also imported cars. And the state reimbursement rate is still 2/3 of the refinancing rate. Basic requirements also include:
- Initial cost of the purchased vehicle should not exceed 1,450,000 rubles (previously 1 million).
- A car loan under the state subsidy program can be issued for a period not exceeding 36 months.
- The discount on a car loan is fixed - 6.7%
- Credit funds can only be provided in rubles.
- There is no down payment now. (previously 20%)
- The maximum amount of the loan issued should be no more than 920,000 rubles, and the minimum can be set by banking organizations independently.
- It is important that the vehicle being purchased is not registered and is not registered to an individual.
- Maximum permissible weight car should be no more than 3.5 tons.
- The purchased vehicle must be a passenger car and not a vehicle for commercial use.
- New programs “First Car” and “Family Car” have been introduced (10% discounts).
Accordingly, the participating banks may change additional conditions, as well as rates due to which the different organizations State car loans sometimes differ. These differences are manifested in the following positions:
- The minimum amount for which a loan is issued.
- The lending rate to measure the actual amount in percentage terms that is paid by the recipient of the loan.
- The minimum period for which the loan is issued.
Full list of cars under the new program
In addition to the cost, type and weight of the car, the government has established a clear list of vehicles that fall under the preferential lending program (but each bank provides separate list) . The registry includes cars of the following models:
| 1 | Chevrolet Niva; | 19 | LADA Vesta; |
| 2 | Chevrolet Cruze (not all trim levels); | 20 | Mazda3 (not all trim levels); |
| 3 | Chevrolet Aveo; | 21 | Mitsubishi Lancer (not all trim levels); |
| 4 | Chevrolet Cobalt; | 22 | Nissan Almera; |
| 5 | Citroen C4 (not all trim levels); | 23 | Nissan Note; |
| 6 | Citroen C-Elysee; | 24 | Nissan Tiida (not all trim levels); |
| 7 | Daewoo Nexia; | 25 | Opel Astra (not all trim levels); |
| 8 | Daewoo Matiz; | 26 | Peugeot 301 |
| 9 | Ford Focus (not all trim levels); | 27 | Peugeot 408 (not all trim levels); |
| 10 | Hyundai Solaris; | 28 | Renault Duster (not all trim levels); |
| 11 | KIA Rio; | 29 | Renault Logan; |
| 12 | KIA Cee’d (not all trim levels); | 30 | Renault Sandero; |
| 13 | LADA Granta; | 31 | Skoda Fabia |
| 14 | LADA Kalina; | 32 | Skoda Octavia (not all trim levels); |
| 15 | LADA Priora; | 33 | Toyota Corolla (initial configurations); |
| 16 | LADA Largus; | 34 | Volkswagen Polo (not all trim levels); |
| 17 | LADA 4×4; | 35 | Bogdan – all models; |
| 18 | LADA Samara; | 36 | UAZ and ZAZ – all models; |
It should also be noted that not all types of vehicle model configurations included in the list by the government may be covered by the program. In addition, you can only purchase a car with a subsidy that is no more than one year old at the time of purchase. As for foreign-made vehicles, in order to fall under the state support program, their assembly must be carried out on the territory of the Russian Federation, and the price for this car cannot exceed the established maximum amount in rubles.
Requirements for borrowers
It should be noted that each bank has the right to establish own requirements to recipients of a loan to purchase a car under the state subsidy program. But the main queries include the following aspects:
- The age of the person receiving the loan is from 21 to 65 years. But in some organizations, issuing a loan is possible for persons over 18 years of age, if they have a guarantor, as well as those who at the time full payment the amount for the car will reach 75 years.
- Availability of a passport of a citizen of the Russian Federation indicating the place of registration or temporary registration in the region where the purchase of the car is planned.
- Providing a 2-NDFL certificate (on income) for the last 3 months from the place of permanent employment.
- A person wishing to receive a loan under the state support program must be officially employed and have work experience in the last place for a period of 3 months to 1 year. To confirm this fact copy required work book, which was certified authorized person employer organization.
- A positive credit history of a person wishing to receive a loan from a bank. It is important to know that not all financial institutions are critical of this requirement. For example, a citizen who has a negative credit history can enlist a guarantor, or provide the bank with additional property in addition to the purchased car as collateral.
- Loan recipients can only be individuals.
Some credit institutions introduce additional requirements, for example, providing, in addition to a passport, another identification document, most often a driver’s license or international passport. Some banks, on the contrary, offer special programs state car loans based on two documents. But in this case, the amount of the initial contribution can be significantly increased.
In addition, if the borrower retired at the time of receiving the loan, he will need to present a pension certificate, as well as a certificate that is proof of the amount of the pension he receives.
The law does not establish restrictions on the number of cars purchased under the preferential program. But banking institutions do not provide loans for two or more cars.
Banks issuing car loans under a preferential program
The legislation of the Russian Federation does not provide for a specific list of financial institutions that take part in the preferential state car lending program. But banking organizations are subject to certain requirements, which is why not all institutions receive accreditation to issue preferential car loans.
Initially, only credit institutions with authorized capital at least 70 billion rubles, as well as with 50% of shares managed by the state. But due to the complexity economic situation it was decided to lower the bar of requirements, which allowed more financial organizations to take part in subsidizing car loans.
Traditionally, the Ministry of Industry and Trade of the Russian Federation publishes on its website a register of those banks that were able to confirm participation in the state auto loan program. This list updated daily. At the same time, according to officials, more than 90 banking institutions were able to pass accreditation, among them those processing up to 80% of all credit car sales in Russia. These include:
- Rosselkhozbank
- UniCredit Bank
- Sberbank
- Rosbank
- VTB 24
- Bank of Moscow
Offer from banks for a subsidized car loan
It should be noted that if you want to buy a car under a subsidized loan program, it is best to contact car dealerships directly. In this case, the buyer has the opportunity to significantly save his own time, since he can immediately find out which bank the salon cooperates with and under what conditions the loan will be issued. If the buyer wishes to cooperate with this particular bank, then immediately after choosing a vehicle, he has the opportunity to apply for a loan.
The most common offers from banks:
| Bank's name | Initial interest rate | Interest rate including subsidies |
| Bank of Moscow | 15% | 9,5% |
| UniCredit Bank | 13,5 – 16,5% | 8 – 11% |
| UralSibBank | 16 – 17% | 10,5 – 12% |
| Sberbank | 15 – 17% | 9,5 – 11,5% |
| Rosbank | 16,5 – 21% | 11 – 15,5% |
| Gazprombank | 15% | 9,5% |
| VTB 24 | 16 – 17% | 10,5 – 11,5% |
| RosselkhozBank | 15% | 9,5% |
Other banks that also take part in preferential state car loans:
Buying a car on credit under a program with state support for business
Contrary to what the program state subsidies purchasing a car on credit is intended exclusively for individuals, however, if there is an urgent need, you can purchase such a car for business. For this purpose, the owner of the company, be it entity or individual entrepreneur, can make a purchase as an individual and take out a loan for himself, as for a personal car. Of course, this method is not entirely convenient in some situations, but as an exceptional option for small businesses it can be quite profitable. After all, the level of overpayment when applying for a loan with state support is significantly lower than when purchasing a regular consumer loan.
Of course, the state program clearly provides for the use of the purchased vehicle for personal purposes. But in practice, the banks through which the purchase is made do not check under what conditions the vehicle is used - it is more profitable for the bank for the borrower to pay off the loan taken rather than return the collateral in the form of the purchased car. But still, in order to avoid unnecessary problems, it is recommended not to use such a vehicle as a taxi or a training vehicle.
We bring to your attention a list of cars that can be purchased under the state program of preferential car loans and subsidies. This program began its operation back in 2015, and continues to operate in the current 2019.
Conditions of the preferential program with state support for 2017
The loan is issued for no more than 3 years with a mandatory down payment of 20% and insurance. The collateral for this type of loan will be the purchased vehicle.
The cost of the purchased car cannot exceed 1.45 million rubles and a weight of 3.5 tons . Plus, the purchased car must be manufactured in 2016 or 2017.
In order for it to qualify for the program, it is necessary that the vehicle is not registered and not owned by another individual. In other words, you won’t be able to purchase it.
The interest rate will be calculated as 2/3 of the current Central Bank of the Russian Federation , which is on this moment is 8.25% per annum. The contract must specify both the new rate and the one at which the calculation will be carried out.
You will learn about all the nuances from the video:
New conditions in 2019
Let us recall that previously the state carried out and financed preferential car loans due to the fact that the key percentage was very high, loans from commercial banks were prohibitively expensive, and no one wanted to buy cars. To support the domestic auto industry and the banking market, they began to subsidize interest.
Now the refinancing rate has dropped significantly (to 7.25%), bank loans have become more affordable, and the Government has refused to further subsidize the percentage. Now financial organizations themselves set the interest rates that they deem necessary. But certain categories of people still have the opportunity to save.
“First Car” and “Family Car” are new projects that appeared in 2015. According to their terms, the participant will be able to count on a discount of 10% on the cost of the vehicle if it fits the certain conditions. For residents Far East bonus - up to 25% discount!
However, you cannot participate in both projects; you need to choose only one. The first is suitable for those who have not previously owned a personal car, but have a driver’s license. The second one is suitable for married couples where there are two or more minor children.
How to get a subsidy to buy a car?
It is provided by the bank itself where you apply for a loan. Since the program applies exclusively to the purchase of new vehicles, the purchase will take place at a car dealership. It is there that you need to ask one of the managers about the availability of benefits.
Which cars are suitable:
- new (no later than 2017-2018 model year),
- cars,
- the cost should not exceed 1.45 million rubles.
There is a certain list of cars that are suitable for preferential car loans. If you are interested in the Family Car program, then the full conditions are on the official website hsemeynyy-avtomobil.ru. They are also all listed in the table below:
How can you get a preferential car loan with government support? Everything is quite simple: you choose a car that fits the conditions described above and either contact a loan specialist directly at the dealership, or submit an application to any of the banks offering car loans.
Which banks provide loans with government support:
What the application process looks like: you collect documents, submit them to a loan specialist for review and wait for the bank’s decision. If it is positive, you draw up a purchase and sale agreement, CASCO insurance, make a down payment and sign a loan agreement.
You can pick up the car as soon as the bank receives funding; the subsidy is transferred on the 2nd day. Please note that when applying for a car loan under the state program, you must obtain insurance
The crisis in the country has led to a significant deterioration in the situation in the automobile market. Decline wages, cuts, price increases for public utilities do not provide the opportunity to buy new cars, so preference is given to used vehicles.
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To correct this situation, the state developed a program to finance half the interest rate on a car loan.
This makes it possible to get a loan to buy a car not at 16% per annum, but at 8%. But the program has its own nuances and it does not work in all banks.
About the program
The car loan program with state support was created in 2013 with the aim of increasing sales of representatives of the Russian automobile industry.
The subsidy quickly gained popularity: banks accredited for this service began to actively offer it to their clients. Sales of domestic cars increased, and the manufacturer and banks began to make profits.
Any adult and individual entrepreneurs can take part in the program.
Its essence is to provide a discount on the purchase of a new domestic or foreign (assembled in Russia) car. It is not the cost of the car that decreases, but the interest rate.
The disadvantage of the program is the limited selection of cars and the number that can be purchased.
As a rule, banks allow the purchase of only one vehicle. Although this rule not regulated by law.
But when you contact the bank again to purchase a car on a preferential loan, you will almost certainly be refused.
By what legislative act was it adopted?
The regulatory act establishes the right for citizens of the Russian Federation to purchase a Russian-assembled car with government subsidies.
The Resolution states that the subsidy reimburses part of the lost interest. Loan terms and vehicle requirements are regulated.
The regulation has been changed several times. Adjustments were made to it based on the results of the subsidy in the country. For example, it was increased maximum amount.
At first it was 750 thousand rubles, then 1 million rubles, now it is 1.15 million rubles. Changes were also made to the list of cars; initially it consisted of domestic brands.
Today it is possible to purchase a car from a foreign manufacturer, but it must be assembled in Russia.
The law on state support was extended until the end of 2019. So far, no decision has been made on the possibility of preferential lending in 2019, although a proposal has been made.
Which banks offer car loans with state support in 2019
Preferential car loans have several conditions:
- The cost of the car should not exceed 1,150,000 rubles (initially it was allowed to buy a car worth no more than 1,000,000 rubles).
- The weight of the machine is no more than 3.5 tons. Applies to all types of vehicles, including vehicles for commercial use.
- The car must be produced in Russia in 2015 or 2019.
- carried out in Russian rubles.
- The purchased car was not previously owned by an individual and was not registered.
- The loan is issued for 3 years.
- The size is at least 20% of the cost of the car.
- Only fixed-term interest is subject to subsidization. They do not include a commission for maintaining an account, payment for an insurance policy, or an increase in the rate for refusing CASCO. The base interest rate for the car loan program is taken into account.
A prerequisite for banks is documentary evidence of income. Initially, CASCO insurance was also an integral requirement, but in 2019 it can be abandoned.
This reduces the likelihood of your application being approved and increases the interest rate, but is not a requirement.
You can purchase a car of the following brands using the state program:
- Lada;
- Chevrolet;
- Citroen;
- Daewoo;
- Ford;
- Hyundai;
- Mazda;
- Mitsubishi;
- Nissan;
- Opel;
- Peugeot;
- Renault;
- Skoda;
- Volkswagen;
- Bogdan;
Not all models of the listed brands are included in the program. It is also not possible to purchase some models fully equipped. Full list cars can be obtained from a bank or car dealership.
Within the Russian Federation
86 banks were accredited to provide car loans with state support. They have the appropriate permission giving legal right issue loans under a preferential program.
Almost the same in all financial institutions.
The loan term remains unchanged - 3 years and the maximum amount - 1,150,000 rubles:
The bank reserves the right to set the interest rate. But, as a rule, it does not exceed 20%, and for preferential lending - 14%. Also, banks may not provide loans for some car models.
For example, many organizations do not cooperate with Russian machines. And with preferential lending you can only buy foreign cars, domestically assembled.
To apply for a loan, you must have Russian citizenship and registration in the region where the vehicle was purchased. Lending is not available to non-residents, as well as without permanent registration.
Around Moscow
Having a Moscow residence permit, you can get a preferential car loan from almost any bank. It is advantageous to contact a financial institution directly, having first submitted an application and only after approval proceeding with the selection of a car.
But it will be faster to get a loan at a car dealership. You can visit a branch of an official dealer selling affordable prices. preferential loan car models.
They almost always have various promotions and offer discounts on many cars.
Large car dealerships cooperate with the largest Russian banks where you can get a loan on favorable terms:
| Bank | Interest rate, min. | Interest rate, max. | Approximate overpayment, rub. |
| Gazprombank | 9.83% | 13,23% | 140 000 |
| Zenith | 9.5% | 14% | 141 000 |
| UniCredit | 9.5% | 15% | 141 000 |
| Expert | 10% | 20% | 148 800 |
| TatfondBank | 10.7% | 15% | 159 700 |
The overpayment is based on the maximum cost of the car and the minimum interest rate. The cost of CASCO is added to it if the policy is paid for with borrowed funds.
In St. Petersburg
Loan terms in St. Petersburg depend on several parameters:
- client's level of solvency;
- consent to CASCO and life insurance;
- the amount of the down payment;
- place of loan issuance.
The interest rate increases if you refuse additional insurance and take out a loan at a car dealership. But the change is not critical, only 2-3% is added:
| Bank | Interest rate is standard | Interest rate under the program |
| Metcombank | 18% | 12% |
| Timer Bank | 18% | 12% |
| Loko-Bank | 17% | 11,2% |
| Union Bank | 17% | 11% |
| VTB 24 | 20% | 12% |
The percentage is formed individually, after which the bank calculates the discount. It is the difference between the loan rate (base rate of the bank) and 2/3 of the refinancing rate at the time the loan is issued. On average, the percentage decreases by 6-7 points.
Banks are not allowed to inflate interest rates for profit. The base percentage should not exceed 20%, regardless of the client's solvency.
This leads to frequent loan refusals. If with the classical program the bank can increase the rate to 50%, then with the participation of the state this cannot be done. Therefore, quite stringent requirements are imposed on borrowers.
Benefits and disadvantages of the preferential program
Government subsidies for car loans have their advantages and disadvantages.
At the time of implementation new program the benefits seemed obvious to all parties: the state benefits from the sale of Russian cars, the manufacturer increases income, banks get new customers, the borrower buys a car on credit at a good profit.
But there are always two sides to a coin, so it’s worth knowing about the disadvantages of the program, along with the advantages.
One of the disadvantages is the possibility of using transport only for personal purposes, although in practice this point is never tested.
This is explained by the fact that a car used for commercial purposes wears out faster and loses liquidity. Selling such a car is much more difficult than selling a vehicle for personal use.
But it is still not recommended to use the car for a taxi or as an educational vehicle. When insuring, special coefficients are applied that increase the cost of the policy.
And if Insurance Company discovers fraud, it will terminate the contract with the policyholder and transfer the information to the bank. And the creditor has the right to demand payment of the balance of the debt before the end of the contract.
For other types of business, using a car is not prohibited if you have the status of an individual or individual entrepreneur.
For banks
For the bank, the preferential program provides benefits in the mass circulation of borrowers. The popularity of this type of car loan has led to an increase in applications and clients.
At the same time, no losses were felt - the state compensated for the discount given to the borrower. At first, almost everyone’s applications were approved. It was main goal programs.
Subsequently, the number of people receiving preferential loans decreased slightly. The reason for this was non-payment of loans and accumulation of debts.
Long-term litigation, confiscation and sale of pledged property are the actions of the bank in case of non-payment of the loan.
And numerous debts take up a lot of time. For this reason, lending with state support is unprofitable for banks.
For car enthusiasts
Borrowers buy a car on credit with a reduced interest rate - this is the main and only advantage of state support.
There are more disadvantages to preferential lending:
- limited selection of cars;
- short loan period;
- relatively small loan amount;
- mandatory down payment.
The requirements for borrowers are strict, credit history is studied, and proof of employment must be presented.
If with a classic car loan you can do without additional documents or not make a down payment, then to apply for a loan with government support, these conditions must be met.
The borrower must meet the following requirements:
- age of at least 21 years and at the time of repayment of the last payment not more than 65 years of age;
- At least 6 months of work experience at the last place of work;
- absence of children under 6 months for women;
- presence of a military ID for men of military age.
Plans for 2019
To date, there is no official statement about the extension of the preferential car loan program in 2019.
In August of this year, the head of the Ministry of Industry and Trade, Denis Manturov, announced the continuation of state support for the purchase of Russian cars.
It is planned to make adjustments to the current program, perhaps they will be global. For now, citizens of the Russian Federation have access to preferential car loans under the same conditions.
Changes will depend on the results of state support in 2019. Based on the results of the past period, the government will analyze the number of cars sold, demand for the program, etc.
