What do you need to apply for a car loan? Necessary documents at the car dealership and bank. What documents are needed to apply for a car loan - we’ll tell you how and where to apply for and receive a car loan. What documents are needed for a car loan

Today, credit organizations offer a wide range of offers for car loans to individuals, legal entities, and individual entrepreneurs. At the same time, borrowers will need to deal with the preparation of a variety of documents. We will tell you below what papers are required to apply for a loan to buy a car.

List of documents for applying for a car loan at a bank

Car loans are very popular among Russian citizens. According to statistics, more than 20% of cars over the past year were purchased using borrowed funds. Today, such services are provided by private and government organizations.

You can get a car loan:

in any bank in the Russian Federation;
in a car pawnshop;
in the showroom of an official dealer.

Any citizen of the Russian Federation who wants to apply for a loan to purchase a vehicle will inevitably have to face the provision of certain documents. This condition is mandatory for receiving loan funds. In fact, not a single credit institution will be able to lend money without documentary confirmation of the debtor’s identity, place of residence and income. What documents are required to issue a car loan are determined by the central bank, so in most cases the package of documents in each organization will be identical. An obvious difference can be seen when applying for a loan by an individual and a legal entity, as well as an individual entrepreneur. Depending on the product and conditions, a car loan can be obtained using two documents or only with a full package of title papers.

Some banks check borrowers for any oversights: criminal record (for financial crimes and not only), mental and physical health, lifestyle (presence of addictions to alcohol, drugs or gambling), as well as debt to third parties and the state . After checking the information, the lender makes a decision on whether to issue or refuse a car loan. Therefore, the borrower should be interested in providing the bank with as much information about himself as possible.

The main document for obtaining a car loan from a bank is a salary certificate in Form 2 - personal income tax. By providing this paper, the borrower guarantees his own solvency.

To a greater extent, proof of income is required for legal entities and private entrepreneurs, since the bank will be more responsible in analyzing the possibility of cooperation. Firms are given a large amount of money. Based on this, you should remember that verifying information may take a certain amount of time. Basically, banks consider a loan application within 3 to 14 working days.

General list of documents for applying for a car loan at a bank:

Borrower's identity card (internal passport of a citizen of the Russian Federation);
Registration at place of residence;
Driver's license, military ID or SNILS pension card (one of the documents to choose from);
A copy of the work book confirming work experience (certified by the employer);
Certificate of income (official and unofficial) for the last 6 months;
Application for a loan;
Debtor questionnaire.

It is much easier for individuals to obtain a loan to purchase a car if the borrower receives a salary from the same bank. In this case, the buyer is given a discount on the down payment.

After completing the purchase, you must submit to the bank:

Car purchase and sale agreement;
Receipt for payment of the cost of the vehicle;
CASCO insurance policy;
If the insurance premium bill is paid using a loan, you must submit a check for payment;
Certificate of ownership of real estate (when registering collateral);
PTS for a car;
Taxpayer identification code (TIN).

Documents for obtaining a car loan for legal entities:

Certificate of registration of the company;
Permission to carry out LLC activities;
Extract from the Unified State Register;
Certificate of registration of the LLC with the tax office;
Charter of the enterprise;
Authorized capital document;
Orders on the appointment of officials;
Identity card of the founders of the company.

What documents are needed for a car loan at a car dealership?

A car loan at a dealership is issued using a simplified system. Most often, borrowers only need an identification card and a second document to choose from: a driver’s license, SNILS certificate, international passport or military ID. The exact list of securities must be clarified with the lending company in advance.

A package of documents for obtaining a car loan under the state program

Almost every bank in the country provides car lending services under the “First Car” and “Family Car” government programs. Borrowers are provided with a subsidy (10%) to pay the down payment. Moreover, the interest rate on such a car loan will be reduced to 8%.

Required documents:

Borrower's identity card;
Driver license;
Marriage registration certificate;
Children's birth certificate;
Certificate from the traffic police about the absence of a car.

List of documentation for refinancing a car loan

Refinancing a car loan is one of the opportunities to repay a bad loan ahead of schedule and free yourself from loan obligations with another bank. By participating in such a program, the borrower receives money in debt at a reduced interest rate. With the help of credit funds, existing debt is repaid. Next, the borrower pays the bank a monthly payment, no more than 40% of the salary.

In order to obtain refinancing, you will need a standard package of documents. However, to confirm the client’s solvency, the lender may require additional papers:

Receipts confirming additional earnings (dividends, rent, benefits, etc.);
Documentary evidence of repaid debts (other loans, alimony);
Description of additional professional activities that bring unofficial income;
Various diplomas, certificates, certificates of education;
Documents confirming participation in the authorized capital of the organization, etc.;
Certificate of total family income.

List of documents for married citizens and for those with children:

spouse's ID card;
marriage (divorce) registration certificate;
permission from the spouse to take out a loan;
agreement with the guarantee;
marriage contract;
children's birth certificate;
a copy of the spouse’s work book;
certificate of income of all family members;
copies of payment documents (if alimony is paid).

To apply for a car loan using two documents without proof of income, the buyer must provide the bank with at least 20% of the declared value of the purchased car. But not everyone has such a down payment amount. Therefore, when obtaining a car loan, you cannot get by with just a passport and driving license; you will have to collect a more serious package of documents. Its composition will depend on the category of the borrower and his tax status. Let's look at the most common options.

Documents required for a car loan to a private person

If you are taking out a loan as a private individual and are neither a depositor of the bank providing the loan nor a participant in its salary project, you will be required to provide a standard package of documents. In addition to the application form, it must include:

your passport, preferably with a photocopy of all pages;
license/passport/TIN;
the original employment contract or a copy of the work record book, certified in the prescribed form;
certificate 2-NDFL for the last year (some banks accept a certificate on their own form or on the form of your employer).

Important! To the income certificate, you can attach an agreement on the rental of real estate, statements taking into account your current accounts and other documents confirming your income. The more of them there are, the larger the loan amount you can ultimately receive.

Since a car loan is classified as a target loan, you will also need to provide the bank with a receipt from the seller of your future car confirming that they have received a deposit for the car. And after the transaction is completed, you will need to register a deposit for the new car. To do this, the lending institution is provided with a title for the purchased car.

What documents are needed to apply for a car loan at a car dealership?

Many car dealerships employ representatives of various financial organizations who provide loans to the buyer to purchase a car. When contacting them, the list of documents will be the same as when contacting directly the bank they represent. But many car dealerships are ready to give the client a loan on their own, from their own funds. In this case, fewer documents will be required.

But even when lending directly at the salon, you will need a passport, a second document and a certificate of income. The list of other required papers should be found at the specific point of sale.

Documents for applying for a car loan for a used car

You can only get a car loan from a bank for a new car purchased from a dealership. In this case, the buyer does not see the cash - it is transferred directly by the credit institution to the seller’s account. With this lending scheme, the car itself remains pledged to the bank until the loan is fully repaid.

If you are planning to buy a car second-hand, applying for a car loan is not possible for you. In such a situation, you can only take out a regular consumer loan from the “for any purpose” category. On the one hand, this is convenient, since you do not have to mortgage the car, and the bank does not have any requirements for the down payment. On the other hand, interest rates on such loans are slightly higher than on targeted loans.

As for the list of required documents, it will depend on the bank you choose and the type of loan product. But anyway:

identification;
income certificate;
confirmation of employment.

Advice: it is more profitable to apply for a consumer loan for a car at the bank through which you receive your salary. In this case, you can get by with a minimum package of documents and are more likely to get approval.

Documents for the preferential car loan program

In the Russian Federation there is a state program of preferential car loans. Participation in it allows the borrower to significantly reduce the cost of the loan. On average, car loans under this program are issued at rates that are 6-7% below market rates. This way you can reduce the overpayment on the loan by almost one and a half times.

Until 2017, under the preferential car loan program, it was possible to purchase a new car exclusively made in Russia. The offer was not valid for foreign cars and used cars. But since 2017, it has become possible to take out a preferential loan for some foreign cars - Renault, Skoda, Fiat, Hyundai and Nissan.

At the beginning of 2017, the following banks participate in this program:

Sberbank;
Bank of Moscow;
Unitcredit;
Rosselkhoz Bank;
VTB 24;
Rosbank.

Each of them has own list of documents required for a potential borrower. In general, you will need a passport, confirmation of registration in the region where the car was purchased, proof of employment (employment contract or book) and a certificate of income.

Attention! To receive a car loan on preferential terms, you must be employed at your last place of work for at least six months.

You should check directly with the financial institution itself to find out what documents are needed for a car loan on preferential terms at the bank of your choice. So, some of them accept only 2-NDFL certificates, others allow proof of income in free form. Also, a number of credit institutions may request property documents from the borrower in order to increase the possible loan amount. You can find out the required list on the website of the financial institution or in its customer support service.

Car loan programs

Today, a car is no longer a luxury, but more of a necessity. In a large city, as well as in a small village, it is practically impossible to do without it. To purchase a car you need quite a lot of money, but a person cannot always afford to wait and collect money.

Sometimes you need a car urgently. In this case, you can turn to bank lending. Many banks offer attractive car loan programs under favorable conditions.

Types of car loans

In Russia in recent years there has been a rapid development of the lending market, so it is not surprising that the number of products offered by banks is also increasing. The same applies to car loans. Many banks put forward a variety of offers for their clients. Conventionally, car loans can be divided into several types:

Express loan. A car loan is issued quickly - you can receive money on the same day of application.
Factoring. A very advantageous offer from banks, which involves issuing a loan for a car without any interest. This is quite convenient, since you don’t have to overpay, but you can only buy new foreign cars with such a loan, since the bank can only enter into an agreement with official distributors.
No down payment. Sometimes the bank accommodates its client and issues a loan without prepayment. But in this case, you should be prepared for the fact that increased requirements are imposed on the borrower, and the interest rate will be higher than usual.
Without insurance. If it seems too expensive to take out an insurance policy for your purchase, you can get a loan from some banks without insurance. In this case, instead of the car, you can leave some other value as collateral.
Instead of making a down payment, the borrower can transfer the rights to the purchased car to the bank.

In most cases, a car loan is issued for a targeted purchase. Regardless of its type, a car loan has common characteristics:

mandatory down payment (with the exception of some points);
The borrower registers the purchased car as collateral (the bank reserves the right to sell it if the loan is not paid on time);
the bank almost always requires you to insure the car;
the targeted loan is sent directly to the account of the vehicle seller - the borrower does not receive the money in hand, so he cannot purchase something else for it;
A private person can only purchase a non-commercial car with credit funds.

To choose the best option, you should review all the offers on the market. Only in this case the loan will not become a big problem.

Required documents

The minimum package of documents may include a passport and identification code. But car dealerships very rarely require a minimum of paperwork - only from regular, trusted customers. In other cases, you will need to submit an extended list of documents. It includes:

passport;
income certificate or bank account statement;
applicant's diploma;
health insurance;
marriage certificate;
registration certificate;
pensioner's certificate (if available);
passport for the vehicle;
consent of the second spouse to apply for a loan (must be certified by a notary).

Another important aspect is car insurance. Some banks put forward special requirements for it, as a result of which you need to buy not OSAGO, but CASCO. If the car is damaged during an accident, the insurance payments are used to repay the loan.

In recent years, applying for a car loan has become much easier for those borrowers who can make a down payment of 40 percent of the total amount. They will not need to provide proof of solvency.

Registration of a used car

Used vehicle

Just a couple of years ago, you could only take out a bank loan for a new car. Today, with money borrowed from a credit institution, you can purchase a used vehicle.

Not all banks do this, so first of all, you should find a bank that is ready to take on such lending. An expert assessment of the market value of a car and verification of vehicle documents are often required. The seller must have a bank account where the money will be transferred.

Banks do not want to issue a car loan in cash, so all purchase conditions should be agreed upon with the seller.

To obtain a loan for a used car, you must pay a down payment of 40 percent. Loan terms are maximum 5 years. If the borrower for some reason was unable to fulfill his obligations, the bank can take the car for itself.

Design nuances

So what do you need for a car loan? The registration procedure most often takes place at a car dealership. In some cases, you need to contact the bank branch directly. To get acquainted with the work of a particular bank, you can go to its website or ask a call center operator.

Loan rate

When applying for a car loan, you should consider the following nuances:

Car dealerships offer to take advantage of offers from several banks at once, which makes it possible to choose the most attractive one.
Before applying for a loan, you should first decide on the desired brand of car. Loan terms for different car manufacturers may vary significantly.
The size of the loan rate is affected not only by the make of the car, but also by its technical characteristics. It is best for the borrower to first agree on all loan terms with bank employees - this will help avoid misunderstandings in the future.
The time frame within which the bank makes a decision differs depending on the type of loan. If an express loan can be obtained within a few hours, then standard programs require more time - from several days to several weeks.
After receiving a positive decision on his application, the borrower can contact the car dealership to conclude a purchase and sale agreement. After this, you need to make a down payment, apply for CASCO insurance and sign a loan agreement with the bank.
You will be able to pick up your car from the dealership only after the bank transfers the full amount of funds to the seller’s account.

Banks offer a wide range of car loan services. It is quite difficult for an unprepared person to understand this, which is why a large number of loans remain unpaid. The decision to take out a car loan must have a serious financial basis.

A citizen must be clearly aware that he will have to pay large amounts on the loan from the family budget for several years. If he is not ready to do this, then it is better to save money for some time, and then buy a vehicle with his own money.

What kind of deception can lie in wait for someone who applies for a car loan from a bank or car dealership, see the following video:

Select it and press Ctrl+Enter to let us know.

Mar 23, 2018Help manual

What documents are needed for a car loan?

At the moment, banks offer a very large selection of car loan credit programs with different offers that can help the buyer choose the most favorable conditions for buying a car and realize their dream.

How to get a car loan?

Every person who I wanted to open a credit history When buying a car, you will certainly need to be faced with providing a certain list of papers for a car loan.

This is a prerequisite for taking out a loan.

In fact, no bank can provide a cash loan without documentary proof of the person’s income, place of residence and identity.

What exactly is needed to get a car loan determined by the central bank, therefore most often the list of documents is identical.

An obvious difference can be observed if a loan is issued to an individual or legal entity.

Taking into account the conditions and programs, it can be noted that you can take out a car loan with the help of two documents or only if you have a complete list of documents.

At the same time, many credit institutions can check for presence of oversights that were committed in the not very distant or distant past. This may include checking the borrower’s mental state (alcohol or drug use), criminal record, and also the need to pay alimony every month.

After doing the necessary research, the lending company will decide whether to give you a car loan or not.

Because the buyer must be interested himself is to submit the maximum number of documents to the bank, including proving your official salary, thereby giving a guarantee of his solvency. Only in this case you will not have questions about where and how to get a car loan.

Most often this applies to legal entities, since the bank will be much more serious about studying the likelihood of cooperation with organizations, since we are already talking about a larger amount lending, and the features of generating income in this case differ significantly from the situation with an ordinary consumer. With this in mind, it is necessary to understand that a short decision-making time is nothing more than a simple marketing ploy to attract more people. This period can be reported only after complete collection of all data by the banking organization. So, what is the list and what documents are needed for a car loan?

List of documents for individuals

For individuals there will be it's much easier to get a loan, if the borrower receives a salary from the same banking organization from which he wants to take out a car loan. In this situation, the buyer will not need to submit a certificate of income. At the same time, for salary card holders, many banking organizations provide some benefits or a discount when applying for a loan.

But what list of documents is required in the case when the borrower receives his salary from another bank or does not have an official salary at all? And also when the borrower (or borrower) is married and has children?

Basic list of documents for a car loan:

Passport of a citizen of the country;
Another document of your choice confirming the borrower’s identity (pension card, driver’s license, international passport, etc.);
Application form on a bank form for a loan for the purchase of a vehicle (to be filled out and issued only at credit institutions);
For military personnel: military ID or certificate of deferment of service;
For temporary registration, a document confirming registration at the location;
Work record book, employment agreement with the signature and seal of the manager;
Certificate of income for the past six months (in form 2NDFL or a free form with the seal and signature of the organization);
Invoice for the purchase of a vehicle (date, invoice number, product name, payment details of the seller, VAT amount);
Car purchase and sale agreement;
When the insurance premium bill is paid from credit funds, an invoice must be submitted for payment;
An insurance contract or policy in triplicate, in accordance with which the banking organization will be the beneficiary;
An identification number;
Receipt for payment of insurance premium for compulsory car insurance;
Document of compulsory automobile insurance for individuals;
Passport for a car owned by the borrower;
To register the property, a certificate of the real estate in the possession of the borrower.

Also the banking organization may require additionally defined list of documents:

Documentary certificate of outstanding obligations (alimony, loan agreements);
Copies of documents that confirm additional income (rent payments, dividends);
Copies of education certificates, certificates, diplomas;
A brief description of any type of professional work you are engaged in;
Certificate of income of other family members;
Copies of documents confirming the organization’s participation in the authorized capital, etc.

Banking organizations such as Sberbank of Russia, VTB 24, RusFinance Bank, UniCredit Bank, Credit Europe and Raiffeisenbank can issue a loan, both with and without a driver's license.

And, for example, UralSib Bank will only require a driver’s license as a second document. You can also take out a car loan without providing insurance, but in this case the interest rates will be much higher.

List of documents for people who are married and in whose custody there are children:

Certificate of divorce or marriage or death certificate of one of the spouses;
Spouse's passport;
Guarantee of a spouse;
Application by both parties to agree to the terms of the loan provided on the terms of the banking organization;
Certificate of additional income;
Children's birth certificate;
Marriage agreement (if exists);
Certificate of salary from the spouse’s place of work;
Certificate from your spouse’s place of work.

One must take into account the fact that this approximate list of documents, which is often requested for a bank loan to purchase a vehicle. As mentioned above, some credit companies practice issuing a loan based on just a few documents. A more complete list of required documents should be obtained directly from the creditor bank.

What documents are needed to obtain a loan from a car dealership?

Documents required by a car dealership for a car loan:

Borrower questionnaire;
Statement;
Driver's license (many car dealerships do not require a minimum driver experience, that is, once you receive your license, you can immediately purchase a vehicle on credit);
Passport.

Documentation for obtaining a loan at a car dealership and the bank are significantly different. It is all the more problematic to provide a certificate of real wages, since today citizens often receive wages “in an envelope.” In addition, some car dealerships may require documents confirming ownership of real estate.

Wherein when applying for a loan at a car dealership there are certain disadvantages. The main disadvantage is the higher interest rate. When applying for a loan from a banking organization, it will be approximately 8–14%, while a car dealership requires at least 17%, and sometimes even 24–27%. Therefore, you need to think about where it is more convenient for you to take out a car loan.

Moreover, banks most often they don’t give loans for cars before 1998. release. Some car dealerships do not make these restrictions and give loans for cars of different production years.

The lending period can range from 6 months to 5 years. A car loan can be issued in euros, dollars and rubles. The interest rate will also depend on the type of currency. A loan in rubles will be 5–9% higher than a similar loan in dollars.

List of documents required for legal entities

Before taking out a car loan, it is advisable for organizations contact first exactly to the bank where her current account is located. In this case, there is no need to submit constituent documents.

But if the organization does not have this account and is interested in how to get a car loan, then this bank must open a legal case, taking into account documents that confirm the fact that the borrower is registered as a legal entity.

Documents (photocopies) for opening a current account for legal entities:

The decision to create an LLC;
IP registration document;
Certificate from the unified register (you must provide a notarized photocopy and the original, the document is no more than 3 months old);
Passports of the accountant, manager, founders;
License for the right to conduct business activities;
The Charter as amended;
Tax registration document;
Orders on the appointment of the chief accountant and manager;
Payment certificates confirming full payment of the authorized capital.

After submitting this list of documents, the bank will carry out the necessary verification on the credit history and the presence of various claims, as well as the actual existence of the organization. The security service will be required to check managers for bad credit history or criminal records.

If the organization was opened less than one year ago, then, according to the requirements of the Central Bank, the organization may be denied a loan. If the company has a rather complex structure, then the banking organization will need to check the packages of documents of the founders who are involved in running this business.

In other cases, it will be necessary to provide only reporting documents.

List of documents for legal entities with a current account to obtain a car loan:

If the marriage is official, then the passport of the spouse, as well as the passport of the borrower directly;
TIN or driver's license;
For men aged 21–27 years - a military ID confirming a deferment from military service;
Certificate of financial statements;
Certificate of financial statements;
Certificate of management reporting;
Some tax reports (for organizations that operate on a single tax basis, it is necessary to submit returns for several previous tax years);
For organizations that do business with counterparties, you need to submit the relevant documents;
For individual entrepreneurs an extract from the Unified State Register of Individual Entrepreneurs is required, for legal entities an extract from the Unified State Register of Legal Entities;
If you have current accounts in other banks, you must provide a certificate of the account balance, as well as documents for the last six months on the turnover of funds;
A document is required that confirms the intent to purchase the vehicle;
Loan agreement;
Document about the absence or presence of file cabinet “Number 2”;
Document on loan debt;
Certificate of ownership of real estate;
Notarized consent of the spouse to apply for a car loan.

Additional list

In addition to all these documents, banking organization has the right Request additional documents from the borrower:

Certificate of income for the current and previous tax year;
A copy of the premises rental agreement;
Necessary patents or licenses for professional activities.

We must not forget that these lists of documents that are most often requested, are approximate. The exact list must be obtained from the lending banking organization.

Please also note that the processing time for an application can range from several hours to one month, therefore, in order to increase the chances of obtaining a loan, it is better to submit documents simultaneously to several different banks.

What documents are needed for a car loan in 2018

Banks often become financial partners in purchasing a car, offering various programs and separately stipulating what documents are needed for a car loan.

Each financial institution chooses this option separately for itself, depending on the characteristics of the loan package, taking into account internal regulations, as well as the capabilities and official salary of the client.

That is why, when deciding where and how to get a car loan, you should pay attention to the list of requirements, and not just the interest rate.

Documentary features of loan processing

Fast lending is a goal that many financial institutions strive to achieve. They have to decide what documents will be required to apply for a loan, and what needs to be provided to the borrower. Much will depend on whether the potential client has a down payment in hand.

This can be a different amount, often it is set at 20% of the total transport price. In a car dealership, this parameter can be increased to 50% or more.

If the specified amount is available, the number of required documents will be small and the processing time will be minimal.

If you were unable to save up before applying for a loan, then industry experts advise purchasing a car using a consumer loan.

In this case, no down payment is required, but the amount issued will not be as large as with a car loan, and the interest rate will be much higher. The number of documents will also be quite large.. This is due to the fact that banks need to insure their risks.

To take out a car on credit using a consumer loan, you need to enlist the support of a guarantor, who separately collects and submits a package of documents.

Getting a car loan: what documents are required

Any person who decides to open a car loan at Sberbank or another financial institution in the country will need to collect a whole package of documents.

This is confirmation that a person is a citizen of the country, has a permanent job and a certain income, and will also be able to cover his loan obligations.

It is also necessary to check the client’s existing obligations. This includes other loans, alimony payments, debts under judicial acts, etc. This means that the number of required documents from the borrower will be increased.

The borrower’s reliability, as well as a high confirmed level of income, allows the package to be reduced. Banks are willing to accommodate their regular customers, who will require minimal time and a small package of documents to obtain a loan.

Particular attention is paid to clients in the salon, which can cooperate with several credit institutions.

How long does it take to get a car loan?

A potential borrower will also need some time to complete the application – the time between applying to a financial institution and issuing funds or paying a car bill can reach several weeks.

What documents are needed to apply for a car loan by an individual?

It is much easier for an individual to obtain a loan if he is a client of the bank and receives a salary here.

In this case, you will not need to provide a certificate of income, and also eliminates the need for a document that confirms the identity of the person applying for the service.

Additionally, some banks, including Sberbank, offer an additional discount for their clients. It will take a little time for an individual to obtain a loan, which is convenient and hassle-free.

Basic package

It is not always possible to obtain a loan in this way, and therefore potential borrowers go to other banks.

Related article: Which bank is more profitable to take out a car loan?

Such clients need the following documents (and this is just the main list):

An application, which is drawn up in the form provided by the credit institution. Each bank develops a separate questionnaire, which includes a list of important questions. It is studied by experts to process the loan.
Passport and a copy of some pages of the document. Loans are offered only to citizens of the Russian Federation.
Quite often, a second identification document is additionally required. This can be a foreign passport, pension and driver’s license, etc.
Registration at the place of actual residence. Required if the applicant applies to a bank or its branch not at the place of registration. List of priority documents for lending
For those liable for military service or military personnel, a military ID or a certificate of deferment of service will also be required.
A copy of the work book with confirmation of the place of actual work. The copy must be certified by the head of the organization and endorsed with a seal.
Certificate of income. The information provided must reflect income for the last six months. The document must be endorsed by the person who filled it out, and an additional stamp must be affixed. Provided in the prescribed form - 2-NDFL.
Identification code - only a copy is provided.
An invoice for the purchase of a car with all the necessary details for payment, the name of the company that issued it, as well as the name of the product, the amount with allocated VAT. The account must also have a serial number and date of issue.
Contract for the purchase and sale of a vehicle.
Car, life and disability insurance documents of the beneficiary. Often, borrowers also ask to include the amount of insurance payments in the loan amount. In this case, you need to clarify this point in your application and additionally provide an invoice to pay for the insurance company’s services. If the premium was paid by the buyer, a check or receipt will be required.
Vehicle passport. In some cases, banks require a technical inspection, for which a report is also provided.
Certificate of real estate or other property of the borrower. This is necessary if additional collateral is required.
Documents from the guarantor with copies of his identity cards, amount of income and work book.

Additional package of documents for obtaining a car loan

Car loan with a minimum of documents

Additionally, banks may require other documents. A rather impressive list will only be required for those who are not a client of the financial institution at the time of applying for a car loan.

Additional list may include:

Copies of diplomas and other documents confirming the acquisition of a profession. Additionally, they may be asked to briefly and freely outline their professional skills, characteristics of their work activities, as well as experience and plans for the future.
Certificates or copies of bank statements on deposits.
Copies of documents on additional earnings. This category may include rent, dividends, income from part-time work or private work.
Information about a number of obligations. This includes alimony, payment for lawsuits, loans, rent, etc.
Information about the income of family members who do not necessarily have to become guarantors.
Copies of documents that confirm the fact of participation in the organization of an enterprise of any form of ownership, as well as participation in the formation of the authorized capital.

Some financial organizations are ready to lend to everyone who applies only if they have a driver’s license. Uralsib is one of these banks. Others do not require such confirmation; they issue funds or pay a bill without a driver’s license. These include Sberbank, VTB24, Raiffeisen and others.

What documents are needed to apply for a car loan for legal entities?

To ensure that the process of applying for and receiving borrowed funds is not long and too burdensome, enterprises are still advised to contact the bank where they are serviced. In this case, the number of required documents is significantly reduced, since financial institutions compete with each other and are not ready to lose clients due to bureaucratic delays.

Main list

The list of required documents can be insignificant or impressive (much depends on the bank’s credit policy) and will include:

For entrepreneurs, a copy and original passport. You will also need a spouse in whom the potential borrower is officially married.
A copy of the identification code.
Driver's license - a copy will be required, but not all banks in the country need it.
For entrepreneurs who are under 27 years of age, a copy of their military ID will also be required. If this is not the case, a certificate of release of the person from military duty will be required.
Legal entities and entrepreneurs will also need financial, management, and accounting documents. If a legal entity operates on a single tax basis, the bank may request reporting documents for several periods at once.
Agreements with counterparties.
Extract from various registers: Unified State Register of Individual Entrepreneurs - individual entrepreneur, Unified State Register of Legal Entities - legal entity.
Application for the purchase of a car. A letter of intent to purchase a vehicle for the business needs of the enterprise may also be required.
Statements of accounts from other banks, if any. You may simply need a certificate about the balance or turnover of funds for a certain period.
Document on loan debt, if any.
Documents for the vehicle that the company is going to purchase. You will also need an invoice from the salon indicating all the details necessary for the transfer of funds.
Certificates about the absence/presence of file cabinet No. 2.
Documents on the ownership of various property.

The loan agreement is drawn up directly on the spot.

In some cases, when it comes to opening a loan for individual entrepreneurs, additional consent of the spouses will be required to open a loan agreement. If additional collateral is required, you will need to provide all the necessary documents about it indicating the book price of the property.

Insurance documents

Before issuing a loan, banks will require to insure not only the transport, but also the life/work capacity of the borrower. In the first case, a CASCO and OSAGO policy is issued. This is not a cheap pleasure.

CASCO can reach 5–6% of the cost of the car. After receiving the documents, copies of them (sometimes in triplicate) are provided to the bank. The same applies to life and disability insurance policies.

Read: Where is it more profitable to apply for CASCO insurance?

Car insurance: Osago and Casco for obtaining a car loan

If benefits can be used

Some government programs for subsidizing loans allow you to obtain a loan with a significant reduction in the interest rate. State support for car loans, launched in 2009, will continue to operate in 2018, and therefore individuals have the opportunity to obtain a vehicle on preferential terms.

The interest rate for such lucky ones will be reduced by 1.5 times. A considerable number of credit institutions take part in the program and have their own list of cars that can be purchased under the program. In addition to the documents described above, you will need an invoice from the dealership for a vehicle worth no more than 1.5 million.

rub. – this is exactly what is stipulated by the legislator.

Features of car loan refinancing: what documents are needed

This is a program that allows you to repay a previously taken out car loan after receiving a certain amount of funds. It is used by borrowers if some bank has better lending conditions than the credit institution with which it worked previously.

You can also take advantage of the offer if you need to urgently repay the debt due to the ever-increasing interest on the old agreement.

The following documents may be required:

Certificate of debt balance on a car loan issued by another bank.
Credit history of a potential client.
Certificate of income at the time of registration of the car loan refinancing package.

It is mandatory that these documents be endorsed by the bank where the loan was previously issued. The number of required certificates can be expanded or reduced. The validity period of issued statements should not exceed 2–4 weeks (set by the credit institution independently).

What documents are needed to apply for a car loan?

When a person wants to purchase a car on credit, a logical question immediately arises: what documents are needed for a car loan?

A car loan is a solution for people who want to drive a car, but cannot raise enough money. Financial institutions allow you to select the most favorable and suitable lending conditions for all interested borrowers.

List of required documents

Each institution sets its own conditions when issuing a car loan. It all depends on the conditions and place of registration. You can take out a car loan directly at a car dealership or apply through a banking institution.

Most banks require approximately the same documents:

Passport and its photocopies (all pages with any marks).
Certificate of income for the previous year.
Work record book with a note indicating that you worked in the last place for at least six months.

You must also fill out a form with the following information:

Information about your identity.
Personal possession of property.
Place of work and salary received.
Availability of education.
Are you married or not?

Click to enlarge an example of a questionnaire:

In the presence of:

Military ID.
Passport for traveling abroad.
Driver's license.
Pensioner's ID.

Originals and photocopies may be needed:

Statement from personal bank account.
Diploma of education.
If you are married, provide a certificate and consent of your spouse to provide you with a loan.
Identification code.

Almost all banks have a standard set of documents for obtaining a car loan:

Personal passport.
Bank sample questionnaire.
Pension card, international passport and so on.
Certificate of income.

Requirements for the borrower

To take out a loan, the client must meet the following requirements:

Age restrictions: from 21 years to 60 men and 55 women.
Having a job and income is a must. The amount you will be given for a car loan depends on your income.
Russian citizenship is required.
The registration must be in the city in which you are applying for the loan.

These are mandatory conditions for the borrower; each organization can additionally put forward its wishes to the client.

Conditions for obtaining a loan

Each bank offers to take out a car loan with its own attractive conditions:

Processing speed.
Low interest rates on loans.
Doesn't require a lot of documents.

No financial institution will offer you “everything at once.” You need to choose the most important aspect.

Main– be sure to insure your purchase to avoid unpleasant moments in the future. Without it, you will not be given a car loan. Insurance will be about 4-6% of the cost of the car itself. Check with the bank what kind of insurance (CASCO, MTPL) you need to take out for registration.

Other points:

The average interest rate on a car loan ranges from 13% to 20%.
A down payment is often required (its size ranges from 15% to 40).
The minimum amount to receive is 50,000 – 10,000 rubles.
The minimum term for concluding a contract is 6 months, the maximum is 10 years.

Methods for obtaining a car loan

When wondering how to get a car loan, you need to do this in several steps:

Select the car you want to buy (the loan amount will depend on its price).
Choose a bank suitable for applying for a car loan.
Apply for registration and collect the necessary documents.
The application will be reviewed within a few hours or days (on average no more than three).
Having received consent, you draw up documents and enter into an agreement.
The bank transfers the money to the car dealership, and you receive your car.

You can submit your application in different ways. Each client chooses how it is convenient for him to do this:

Immediately after choosing a specific car, write a request at the showroom.
In the bank chosen for obtaining a car loan.
Most banks provide the opportunity to write an application via the Internet using an online application.

Through a car dealership

By registering your car directly at the dealership, you will save time. The salon spends a maximum of two days reviewing the application and processing, while the bank does this in 3 days.

The salon will need three documents:

Completed application form (they will give you an example).
Personal passport.
Driver license.

For a legal entity

It is possible to purchase a car on loan for a legal entity. Papers required:

Documents on the basis of which the company exists.
Order from the company for the director and chief accountant.
The decision on the basis of which the company was created.
Take an extract from the Unified State Register of Legal Entities.
Company account statement.

Additionally they may request:

Documents for all property owned by a legal entity.
A certificate confirming the absence of debts or, vice versa, a certificate of existence.
If provided, a power of attorney.

On surety or bail

In most cases, financial institutions, for their own insurance and confidence, give a car loan if you are ready to prove that the bank will not remain in the red if you fail to fulfill your obligations. You have a better chance of getting a positive outcome if you provide collateral or have someone vouch for you.

Documents required for this:

Extract from the Unified State Register of Real Estate Rights.
Extract from the Bureau of Technical Inventory.
A document confirming that you are the owner of the mortgaged property.

Pledge and surety require the same papers.

Government program

For people who want to purchase cars from the Russian automobile industry, there is a special preferential government program.

The financial institution itself can choose for which cars the loan is provided.

On average, the state reduces the rate by seven percent. The borrower can save significantly and support the state manufacturer.

Verification of documents

When applying for a car loan and signing documents at the bank, you must understand that you need this first of all. Read carefully and clarify all questions before signing the contract. Make sure that all agreements and conditions are taken into account.

Pay special attention to:

The interest rate indicated in the papers and its compliance with the lending program.
Do you have to pay additional fees and charges that were not disclosed to you in advance?
Down payment amount.
How and under what conditions can you repay a loan before its expiration date?
The amount of the fine if you do not pay the loan on time.

Once signed, it will be almost impossible to change anything. Always ask questions (if you have any) and carefully review what you sign. In such a situation, there is no need to be afraid or embarrassed (you take a lot of time or think that the question will sound stupid). It's your money - your responsibility.

What should you do after repayment?

You have made the last payment, now you need to completely remove your car from the traffic police register. After the last payment, contact the branch and ask for a certificate of closure of the contract. You provide the certificate to the state traffic inspectorate, and they will remove the car from collateral. After these manipulations, you will officially become the full and sole owner of the paid car.

Positive and negative points

Getting the car of your dreams is already a plus. Positive points:

With the savings you are willing to spend on a car, getting a car with a down payment is quick and easy.
Anyone has the right to receive help from the state when purchasing a domestically assembled car.
By choosing a longer term for a car loan, you need to pay a smaller payment amount each month.

Negative points:

The need to have a certain amount of down payment.
Compulsory car insurance through CASCO.
Until you pay off the full amount of the car loan, the car is the bank's property, not yours.

Despite the presence of disadvantages, there are many more positives from getting the car you want and the ability to move freely around the city using personal transport rather than public transport.

Statement

This is the very first document you need to fill out to get a car loan. An example and a form to fill out will be provided to you directly at the bank or car dealership.

What to write in the application:

Your data from your passport.
Additional personal information about the borrower.
Information about the selected machine.
About some lending conditions.
Are you married or not?
Place of work and amount of income received.

Passport

If you want to get a car loan, be sure to provide your passport. Make photocopies of all pages containing information (first, second, photos of 25 and 45 years, registration and others).

It is possible to provide a temporary ID if you do not have a passport. But in such a situation, a car loan is unlikely to be approved.

Driver license

Not all banks or car dealerships require this document. But it is unlikely that a car loan will be issued to a person who has not attended a driving school and has not passed his license.

You must provide your original driver's license and a photocopy of it.

If your income is lower than what is required for a car loan, you may be denied. Low income is a legal basis for refusal and nothing can be done about it.

The following documents are suitable for confirmation:

Certificate from the place of work.
Certificate from the tax office confirming regular receipt of income.
If you rent out the property, provide an agreement.
Certificate of account movements from the bank.

It is necessary to provide documents and certificates for all income received from all sources.

Place of work

To prove your income stability, provide a document. The borrower must receive a constant income for at least three to six months.

Provide photocopies and originals:

Labor book.
If you are engaged in private business, provide evidence.
Lease contract.

Marriage

Not mandatory, but sometimes necessary documents are:

A document confirming marriage or divorce.
If there are children under age, provide their birth certificates.
A statement that the spouse is not against the transaction.

Spouses do not always think alike; the disagreement of the other half can serve as a reason for refusing to provide a car loan or terminating the contract.

May need

In addition to basic documents, you may need:

Identification code.
Diplomas of education.
If a student is applying for a loan, provide a certificate from the educational institution.
Medical insurance.

What documents are needed for a car loan in 2018: how to apply for a car loan, what is needed to apply for a loan, a package of documents and registration at a car dealership

Along with a lot of financial difficulties or simply the inability to collect the required amount of money, many citizens of the country use car lending services.

In such cases, the question arises, what documents are needed for a car loan? First of all, applying for a car loan can be done in two main ways:

borrow cash from the bank to buy a car;
apply for a loan at a car dealership.

Both options provide that the car will be the collateral for the loan. To buy a car on credit, you first need to consider all the options for this service and choose the most optimal one.

A positive option in this case is car loans at a car dealership; to do this, you need to contact a specialist and choose the most suitable bank with a fixed interest rate per annum. The loan specialist of the bank you have chosen will provide a list of necessary documents to obtain a loan. Let's consider the main options for the auto lending procedure.

Documents for car loans to legal entities

A legal entity, regardless of where the car loan agreement is executed, at a dealership or at a bank, will need a certain set of documents.

Important: First of all, if this organization does not have current accounts in the bank where the loan is issued, first you need to open a current account for a legal entity.

Basic package documents for legal entities:

registration documents of the institution;
statute establishing an LLC;
business license;
extract and main register of Legal entities (notarized);
documents confirming the taxpayer;
job orders for the director and chief accountant;
documents confirming the identity of the accountant, director and co-founders.

After the LLC has provided a complete package of documents, specialists from the banking institution check the data and information received; this procedure takes from 1 to 2 days.

Reasons for refusal to issue a loan For a legal entity:

unstable financial situation.
availability of more than 2 loans from other banks.
bad credit history.
The company is less than 1 year old.
when providing false information.

Therefore, you should take into account all the presented facts in order to apply for a car loan. Or don't waste your time

Set of documents for individuals

In order for an individual to take out a car loan from a dealership or bank, he must provide a minimum package of documents:

passport (specialists will make a copy and certify it in your presence);
certificate of income for the last 6 months or year (at the request of the bank).

When carrying out the procedure for issuing a loan at a car dealership, you may no longer need any documents. When registering with a bank, a loan specialist may require:

purchase and sale agreement for a car, if you buy it by hand and not in the showroom;
certificate of marital status;
military ID;
certificate from the place of registration;
bank account statement;
photocopies of work and education diploma.

Important: Bank employees will definitely need a spouse’s agreement to issue a car loan, and they will also need to provide several phone numbers of employees and relatives to confirm their identity and financial situation.

After filling out the application form at the bank branch, you will be given a list of required documents, which you will need to provide to the bank. The bank issues an agreement, if possible, within 24 hours.

Car lending for individual entrepreneurs, documents and registration

The procedure for applying for a loan for an individual entrepreneur’s car involves two scenarios and the presence of two different packages of documents.

The first option, applying for a loan for an individual entrepreneur, must be provided credit specialist:

regulatory documents of individual entrepreneurs;
financial documentation for the last year;
statistics of bank accounts, if the current account is not opened in this bank;
registration documentation from the relevant authorities;
material and technical base of the enterprise with expert assessment.

In cases where a car loan is issued by the founder of an individual entrepreneur, as an individual the person must:

provide a supporting document to the individual entrepreneur.
passport and TIN.
IP profitability plan.
real estate of an individual (which can serve as collateral).

Individual entrepreneurs may be denied a loan if they have loans from other banks and are financially unstable.

How can I get a loan at a car dealership?

Let’s define the main points of what is essentially needed to apply for a car loan at a dealership.

List of documents:

identity document (passport).
a second document confirming identity (license or foreign registration upon request and availability of the client).
insurance;
salary certificate for 6 or 3 months (depending on the loan term and amount).
receipts confirming payment of the down payment.

Important: in some banks the down payment is at least 10% Based on the total cost of the car, auto insurance can be purchased directly at the car dealership, including the cost in the loan.

Thus, if you want to get a loan quickly and with low interest at a car dealership, you will still need a minimum starting capital; in the absence of a down payment, interest rates increase significantly, this applies to all banks in the country.

Positive and negative aspects of applying for a car loan at a bank or salon.

How to get into the preferential category and what documents are needed?

To buy a car on credit on preferential terms, you must take into account the following factors:

subsidy program applies to domestically produced cars;
at the time of applying for a loan, the age of the car from the date of manufacture should not exceed 1 year;

Car subsidy services are guaranteed by the state, so you can apply for a loan in state banks, among them Sberbank of Russia; this service can also be provided in private banks of a certain level of accreditation.

Required package of documents:

passport and TIN;
income certificate;
work book or employment contract.

Important: loans are issued to adults aged up to 65 years old. The subsidy does not apply to purchases of used cars.

The advantage of such an offer from the state with the support of banks is the low interest rate, within 6-8% per annum, the ability to spread the loan amount over a period of 36 months.

One of the disadvantages is the mandatory prepayment or down payment 10-15% depending on the cost of the car.

The bank may require additional documents confirming your solvency.

Features of the refinancing procedure

If you have taken out a car loan in one bank and you are not satisfied with the conditions, you can use the refinancing procedure at Sberbank of Russia on more favorable terms. To do this you will need:

contact the bank branch.
provide all information on the loan agreement, including payment receipts.
documents confirming identity and solvency.

Note: All certificates and loan agreements must be obtained from the bank, they must be notarized. The limitation period must not exceed 30 days.

Features of collateral and guarantees for car loans

In cases where the bank has some questions about the client’s solvency or he has had a negative credit history in the past, a deposit or guarantee is required when applying for a car loan.

Collateral is an additional package of documents confirming the ownership of the borrower's movable or real estate. For houses and apartments, this is a certificate from the BTI and a technical passport. For a car, an extract from the motor vehicle registration authorities.

Important: collateral property, until the borrower fully repays the loan, he will not be able to sell it, he will give it as a gift. The bank imposes certain sanctions on these transactions to ensure the safety of debt repayment.

Guarantee - involves the borrower providing the bank with an adult who has the appropriate financial income and without a negative credit history. To issue a guarantee, the guarantor provides a complete package of documents identical to the borrower.

Please note: if the borrower fails to repay the car loan, all obligations pass to the guarantor. The ownership of the car that was borrowed is also transferred to the guarantor. In such cases, the original borrower may be left without a car and not return the money previously paid on the loan.

To summarize, it must be said that applying for a car loan is quite simple if you have all the necessary information and have clearly decided on the car brand, manufacturer and bank from which you want to take out a loan.

A very convenient all-inclusive option, when all procedures and paperwork are carried out right in the car dealership, and there is no need to run anywhere.

Sberbank of Russia participates not only in the state program “subsidized cars”, but also provides auto lending services for all brands of cars presented in the country’s car dealerships, at a fairly loyal interest rate system.

Stop walking, decide how to get a car loan.

Along with the traditional - classic car loan (with interest accrued and the car being pledged by the bank) and express loan (accelerated processing, interest rates are unreasonably high), there are also loans without a down payment.

What documents are required to obtain a car loan?

The key question is, what documents are needed to apply for a car loan? Over the 10 years of support for car loans from the sales market, leading commercial banks have unified the requirements for borrowers of loans for the purchase of a vehicle.

Car loans can be issued both at a car dealership and directly at banking institutions.

To get a bank loan to buy a car, you need to collect an impressive package of documents. This is confirmation that the person is a citizen of the country, has a permanent job and income, and, therefore, can be responsible for his obligations.

Fewer documents will be required at the car dealership, since many of the papers are completed on site.

The credit institution checks existing debts. Thus, the number of documents required from the borrower increases significantly.

This package can be reduced if the borrower is a regular customer of the bank or receives a salary through this bank.

The standard package of documents for obtaining a car loan includes:

Application in the prescribed form.
Passport and a copy of its individual pages.
Other document (driver’s license, foreign passport, etc.);
Registration at the place of actual residence. It appears that the borrower applied to the bank at a location other than his place of registration.
A copy of the work book, which is certified by the head of the organization, and also has the company seal.
Income certificate, which presents data for the last six months. This document is signed and certified by the seal of the institution in which the client works.

The list is expanded due to the fact that the applicant submits, in addition to the specified documents, the following:

Vehicle purchase and sale agreement.
CASCO documents, as well as life and disability insurance of a citizen.
Vehicle passport.
In the case of a guarantee - documents from the guarantor, with certified copies of the passport, his income and work record.

Some banks lend to clients only if they have a driver's license. Otherwise, this document is not required. These include banks VTB24, Raiffeisen and others.

Identification

Among the mandatory documents that the borrower submits to the bank is a passport of a citizen of the Russian Federation. Not only its original, but also copies of pages where there are records.

These copies are not certified, as bank employees independently check these papers.

In some cases, when a citizen does not have a passport, it is possible to provide a temporary identity card. But in such situations, a car loan is often not approved.

Documents confirming income

The next important documents for obtaining a car loan are certificates of income received, as well as sources for obtaining them.

This point is especially important, since if the client has insufficient funds, he may be denied a loan. In such a case, you can use a guarantee from another person.

Documents confirming the level of income on a regular basis are:

Certificate 2-NDFL from the place of work.
Statements from bank accounts where funds are available.
Tax reporting on profits received.
Agreement on the rental of own property.
Other income (scholarship, pension, etc., with attached certificates of their accrual).

Please note that confirmation of your own income in certain amounts is a mandatory and important point.

Family status

Identification and income documents are important points by which banks can assess a borrower's creditworthiness. In addition to them, when obtaining a car loan, you may need documents that confirm the person’s marital status:

marriage/divorce certificate;
birth certificates of children under 18 years of age;
consent of the spouse to carry out the transaction.

A particular problem is obtaining consent from the spouse, since the funds received by the husband (wife) are the common property of the family. In case of divorce, loan obligations will be divided between the spouses.

Therefore, according to the rules of the legislation of the Russian Federation, one of the spouses can appeal the receipt of a loan by the other spouse if he did not give written consent to it.

Procedure for applying for a car loan

Having reviewed the necessary documents for purchasing a car loan, you should familiarize yourself with the procedure for applying for it.

This procedure consists of several stages:

The borrower selects the car he is going to purchase.
Next, taking into account certain lending conditions, he chooses (or is offered to him at a car dealership) a bank that provides a loan on these conditions.
Submitting an application and collecting a package of necessary documents.
Waiting for the bank's decision to grant or refuse a loan. This stage takes from several hours to 3 days.

After the loan application is approved, documents for the car are drawn up, documents are transferred to the bank (vehicle passport, purchase and sale agreement), and a down payment is made.

After depositing funds, the borrower receives the keys to the car. The contract is concluded.

Based on the provisions of paragraphs 1 and 2 of Chapter 42 of the Civil Code of the Russian Federation, a loan agreement is a consensual transaction, that is, concluded from the moment all essential terms of the agreement are reached between the parties.

In some decisions of arbitration courts, a loan agreement is recognized as a real transaction.

Thus, there is no uniformity in recognizing a contract as concluded, but judicial practice comes to the conclusion that it bears the features of both a consensual and a real contract.

Filing an application

The process of applying for a car loan can be carried out in one of the following ways:

Visiting a car dealership in person;
Submitting an application at the bank;
Applying for a loan online on the website of a credit institution.

The client independently chooses the method that is suitable for him.

Are there any benefits?

Given the growing popularity of car loans, there are a number of special government programs. These programs provide reduced interest rates and other terms that make loan payments less costly.

If we consider such programs, then for the borrower they reduce the rate on a car loan by about 6-7%, therefore, the overpayment for them is reduced by one and a half times.

Such support from the state is aimed at the development of the domestic automotive industry.

Preferential lending has existed since 2009, when 5 programs were used. Today there are 2 of them left – “ First car" And " Family car».

Under the First Car program, the following requirements are imposed on the borrower:

Citizenship of the Russian Federation.
Possession of a driver's license (category B).
Do not own a car.

The program applies only to new vehicles.

The Family Car program can be used by young families with at least two minor children. Persons applying for this subsidy must not have any other outstanding loans.

Taking into account the general conditions for obtaining a preferential car loan, each credit institution has the right to develop its own requirements. The greater the amount of funds confirmed by the borrower, the lower the interest rate on the loan will be.

Advantages and disadvantages

The main advantages of buying a car on credit include:

Purchasing a car with a minimum down payment;
The right to participate in government subsidies for the purchase of a new car;
Established long term for loan repayment

Disadvantages of car loans include:

The car is pledged to the bank until the loan is repaid;
Compulsory CASCO insurance;
Depositing a certain amount at the initial stage of a car loan.

Based on all the pros and cons, a car loan is a fairly popular type of lending in Russia. The most important thing is to choose a reliable bank that provides favorable car loan conditions.

Video

Sberbank is the largest credit organization in Russia, with branches in every locality. This organization today offers profitable car loan programs, and the borrower has the right to choose from several options. The interest rates here are quite favorable, but this bank is also the most demanding of borrowers.

What documents are needed for a car loan at Sberbank? The list of documents depends on which lending option you choose.

Classic car loans at Sberbank

Documents for a car loan at Sberbank are designed to confirm the client’s solvency and guarantee successful repayment of the loan. The most popular is the classic car loan program, for which you need to provide the maximum set of documents:

Passport of the borrower and co-borrower. Identity documents must contain a registration mark. A spouse is usually involved as a co-borrower.
Sberbank also works with clients registered at their place of residence. You must submit a temporary registration form.
Certificate 2-NDFL confirming the level of income for the last six months. Classic car loans are intended only for individuals; entrepreneurs offer their own loan solutions, and the list of documents will be slightly different.
A work book with all the necessary notes. The work experience in the last place must be at least six months from the date of employment, the total work experience in recent years must be at least one year.
Persons of military age provide a military ID. The bank does not issue loans to young people who could be drafted into the army at any time, as very serious problems may arise with repaying the debt.
A completed application form is also provided, which includes personal information about the borrower and information about income level. The information in the application form must be as accurate and truthful as possible, since all information provided will be verified.

For a car loan, the list of documents at Sberbank may be supplemented by a driver’s license; in addition, the bank has the right to request any other documents confirming the financial status of the borrower. If he has any other official income, they must also be indicated in the application form and, if possible, documented, this will allow him to increase the maximum possible loan amount and buy a better car.

Car loan without proof of solvency

At Sberbank, the list of documents for a car loan can be significantly reduced if the borrower can make a large down payment. Preferential conditions will be available to those who can immediately pay 30% of the cost of the car, as well as to those who receive a salary or pension into an account in Sberbank. For salary clients, the interest rate is reduced by an additional 1%.

A large down payment for the bank serves as an additional guarantee of the borrower’s serious intentions. The questionnaire indicates the exact place of work and salary level; the bank reserves the right to verify all information provided. The borrower must also present a passport with a registration mark and a second identification document.

This can be a driver's license, international passport, military ID, SNILS or other document. If you plan to receive a car loan from Sberbank, you can easily collect the necessary documents in 1 hour.

Documents after application approval

When an application for a Sberbank car loan is approved, documents for concluding a loan agreement must confirm that the transaction is legal and executed in accordance with all the rules. Within 90 days after approval of the application, the borrower chooses a car at any car dealership in the city, after which all the necessary papers are drawn up confirming the transaction. In order for money to be transferred to the salon’s car loan account in Sberbank, what documents are needed?

Contract of sale. Sberbank does not intend to enter into transactions with private sellers, so in any case, the contract must contain all the information about the seller’s salon.
Copy of PTS.
Payment document confirming the down payment. According to Sberbank rules, the first payment is more than 15% of the total amount.
An insurance policy confirming protection against theft, theft, natural disasters and other risks.
A document confirming payment of the insurance premium (needed if the cost of insurance will not be included in the amount of the main loan).
An invoice for the insurance premium if it is supposed to be included in the car loan.
A complete package of documents is submitted to the bank, after which it must undergo mandatory verification. If the transaction is truly completed honestly, and there are no irregularities in the paperwork, the required amount will be transferred to the salon’s account.

After this, the car acceptance procedure will be carried out, and the new car will find its rightful owner. After this, registration with the traffic police as quickly as possible is required, and the vehicle must be submitted to the bank for storage.

The car becomes collateral for the entire payment period, that is, if the debt is not repaid on time, the car may be put up for auction. To prevent such problems from arising, it is necessary to carefully consider the execution of the loan agreement and compliance with the payment schedule.

If the borrower is going to get a car loan from Sberbank, what additional documents may be required? It is necessary to provide all evidence of your solvency: the bank will definitely make a request to the credit history bureau, and unpaid debts may be discovered there.

If you have already taken out loans, it is advisable to provide certificates stating that you have paid them off in full. Such papers can be obtained from all banks upon request.