The need to purchase a personal vehicle may arise urgently. In this case, a car loan without a down payment from Sovcombank can be considered as a worthy option. The absence of the need to pay the bank a starting amount, which is equal to a percentage of the cost of the car, makes the deal accessible even to those who do not have the required amount.

Banks, in an effort to attract the maximum number of clients, make certain concessions. More and more often you can find offers of this kind, in particular, cars are given on credit without a down payment at Sovcombank. The bank offers 1 programs in the amount from 100,000 to 2,500,000 rubles, for registration of which a number of conditions must be met:

• fill out an application form;
• provide a complete package of documents;
• register the car as collateral.

If necessary, it may be necessary to involve guarantors. The bank also strictly checks whether the client meets the stated requirements. Please note that a car loan from Sovcombank without a down payment requires an increased interest rate from 12.49 to 0 percent.

Sovcombank has existed in Russia for 27 years; at first it was called Buikombank, since it was located in the city of Buy, Bryansk region.

Now it is a large Russian bank that serves private and corporate clients, offering a variety of services, from funds transfers to loans and deposits. According to the international scale, Sovcombank is called stable. Therefore, it is safe to obtain a loan or invest capital.

A car is a dream that can easily come true today. To do this, just contact Sovcombank for a loan for transport. You can first calculate a car loan using Sovcombank’s calculator, which will allow you to navigate the costs.

Conditions of a car loan at SovcomBank

The client needs to meet several requirements: permanent registration for 4 months or more in one locality of the Russian Federation, residence in us. point of presence of Sovcombank, age 20-85 years, official employment with experience of 4 months, availability of mobile and home telephone.

Documents for obtaining financing for a car:

• Russian passport,
• additional document: driver's license/registration or military ID/SNILS policy,
• certificate 2-NDFL or according to the bank form.

A PTS passport is required for the vehicle, and a CASCO insurance policy is also desirable.

Interest rates on car loans at SovcomBank

“Autostandard used car”: no down payment, personal insurance, issued in rubles for up to 5 years with an annual rate of 19-25%. Under this program, you can purchase a car worth no more than 1,500,000 rubles.

“Autostandard new car”: issued for a period of 12-60 months, the available amount for the purchase of vehicles is 1,500,000 rubles. The annual interest rate will be 15-21%, there is no down payment. Securing the selected vehicle as collateral.

“New vehicle with 2 documents”: 0% down payment, 17-23% annual overpayment, loan for a period of 12-60 months. The cost of the car cannot exceed 800,000 rubles. When purchasing CASCO insurance, the annual rate percentage is minimal.

“Used vehicle with 2 documents”: 0% down payment, loan term 1-5 years, without proof of income. The annual interest rate varies from 21 to 27% depending on the availability of CASCO insurance. The maximum amount for purchasing a car is 800,000 rubles.

Early repayment of a SovcomBank car loan

The minimum repayment period for car loans is 1 year, but the client can pay off the debt early without penalties or fees. To do this, you need to fill out a statement at the bank office about your desire to repay the debt ahead of schedule. You can repay the loan in part or in full.

You can purchase a car at the MAS Motors showroom using borrowed funds from one of our partners.

Sovcombank offers favorable lending conditions and convenient repayment methods, as well as an individual approach to each client.

The bank has been operating since 1990 and is currently included in the Top 20 largest Russian credit institutions for 2016.

Credit products

Sovcombank offers not only car loans, but also regular consumer loans, including those without collateral.

Credit lines for the purchase of cars at Sovcombank are represented in a wide range, where you can find both universal products (designed for any consumer) and special programs (for individual brands of cars, including those with government subsidies).

The most complete list of loan programs is as follows:

To purchase new and used cars on standard terms

• AutoClassic
• AutoExpress
• CAR LOAN (CAR CREDIT from hand to hand)
• AutoZaMillion
• AutoFresh (only for used cars)
• PROMO with mileage (for used cars of foreign and domestic brands)
• For commercial vehicles (including buses)

Special programs

• Lada Finance (only for a new Lada brand car)
• Niva Finance (only for a new Chevrolet NIVA brand car)
• Lifan Finance (only for a new Lifan brand car)
• Ravon Finance (only for a new Ravon brand car)
• Subaru Finance (only for a new Subaru brand car)
• Loan for Volvo (only for a new Volvo brand car)
• Chery Finance (only for a new Chery brand car)
• Hyundai Finance (only for a new Hyundai brand car)
• KIA Finance (only for a new KIA brand car)
• Auto 2000 (for used foreign brands)
• Lifan Direct (only for a new car of the Lifan brand, subsidized by the automaker)
• Chery Finance - subsidized (only for a new car of the Chery brand, subsidized by the automaker)
• Subaru Drive (new cars Subaru Forester, Subaru Outback, Subaru XV)
• And etc.

The minimum possible interest rate is from 6.75% (provided for the purchase of Lada Vesta or Lada XRAY with government subsidies, with an initial payment of 40% and CASCO registration). The maximum interest rate on loans reaches 30%.

Loan term – from 1 to 6 years.

Down payment – ​​from 0%.

More accurate indicators can be obtained from a loan specialist after an individual calculation.

Requirements

Sovcombank is one of the few that provides car loans to pensioners, so the upper age limit is 85 years (calculated at the time of loan repayment).

• The minimum age of the loan recipient is 22 years (in some cases - 20 years).
• The borrower must be a citizen of the Russian Federation.
• The minimum period of work at the last (current) place of employment is 4 months.
• In the locality where the potential client is registered there must be a Sovcombank office, the period of registration is at least 4 months.

Insurance of the borrower or the purchased car - at the request of the client, of course, refusal of insurance entails an increase in interest (as a consequence of an increase in the bank's risks).

Documentation

For express loans (1 hour) without unnecessary documents, you only need a passport. If the recipient is a man under 27 years of age (conscription age), then you will additionally need a document confirming the deferment from conscription (military ID).

If an incomplete package of documents is required, you must provide:

1. Passport,
2. Any second document (SNILS or driver's license).

For men 22-27 years old, the guarantee of adult relatives who are not subject to conscription may be required.

The full set of documents includes:

• Certificate 2-NDFL (confirmation of income can be issued in a bank form or in another way for certain categories of citizens, such as individual entrepreneurs, military personnel, business owners, etc.),
• A copy of the work book (all pages must be certified by the employer) or another document confirming employment (at the request of the loan specialist).

There are more than 20 offers in the line of loans for the purchase of a car at Sovcombank PJSC. Rates start from 6–10%, and approval times start from an hour. There are programs without comprehensive insurance and a down payment. There is an offer to correct your credit history.

If there is a lender in Russia from whom anyone can get a loan for the purchase of vehicles (cars, trucks, buses), then this is it. All that remains is to figure out under what conditions Sovcombank offers to issue a car loan.

A classic targeted loan here, as elsewhere, is available only to individuals. The product line includes:

• Classic programs: express lending with approval in an hour, standard collateral loan with proof of income.
• Special offers (joint projects with automakers, loans for the purchase of a used car from a private seller).
• Products for financing the purchase of new and used vehicles.

The line of classic programs offers offers to apply for a car loan using a passport, two documents, or a complete package. If a number of conditions are met, the borrower claims to have the interest rate reduced to 12–15%. The standard price starts from 13–17%.

Legal entities and entrepreneurs

Targeted consumer car loans are not issued to legal entities. But there are options to get a car for the lender’s money:

• apply for a loan for a manager or employee (similar to lending to citizens);
• obtain a corporate loan secured by a purchased car (up to 1 million rubles for 5 years) or real estate (up to 30 million).

A car loan is available to entrepreneurs on the same terms as to citizens or by analogy with legal entities (loan for business development). In addition to the main package of documents, they will need to provide a certificate of registration (if any) and the last two declarations with the stamp of the servicing Federal Tax Service.

Conditions

Basic conditions for a car loan at Sovcombank:

• Sum – from 90 thousand to 2.5–4.9 million (the minimum and maximum changes depending on the choice of program).
• Deadlines – 0.5–6 years:
  • when purchasing Chinese cars on special terms (subsidized by the automaker) - maximum 4 years;
  • at preferential interest rates when purchasing at dealership showrooms within the framework of the “Low Interest for 3 Years” project - up to 36 months;
  • car loans with state support are issued for 3 years.
• Interest rate – from 12.99 to 21–23%:
  • when connecting to the minimum rate guarantee service, a reduction of up to 10.9% is possible;
  • when purchasing from official dealers - 6–8.9% (there are a number of additional requirements).
• An initial fee – from 0 to 15–50% depending on the choice of program.

Applying for a car loan from dealers at Sovcombank is offered on the most favorable terms. The company cooperates with automakers who are willing to subsidize loans for their cars. The list of offers includes both budget car brands (Kia, Hyundai, Ravon, Lifan) and premium ones.

Who can get a car loan from Sovcombank

Requirements for a potential borrower:

• Russian citizenship;
• length of service at last place of employment of 4 months;
• age – from 21 to 85 years (at the time of application the client is fully 21 years old or has at least 6 months left until 85);
• actual residence in the region where the creditor is present (not necessarily in the same place where it is registered);
• registration in the passport, stamped no earlier than 4 months before submitting the application;
• absence of other approved loans for the purchase of a car (several loans cannot be issued on one day);
• mobile phone;
• landline phone number (work).

Additional requirements:

• guarantee from a young relative (over 27 years old) for pensioners;
• guarantee from an older relative or colleague for young borrowers (22–27 years old);
• positive credit history;
• absence of large existing debts.

What documents are needed

To apply for a loan under express programs, one passport is enough. If two documents are required, then the second one can be chosen from:

• SNILS,
• rights,
• pensioner's ID,
• international passport.

For persons under 27 years of age, military ID is required.

To reduce the interest rate (full package), you need to add to the above:

• certificate 2-NDFL;
• the latest 3-NDFL declaration for those employed as individual entrepreneurs;
• a copy of the work book (confirmation of employment at the main place of work);
• a copy of the contract or employment agreement (if any);
• for employees and sailors - a service agreement.

To make a decision, the bank may also request statements of accounts of other banks (with balances), a certificate from social services or the Pension Fund (receipt of alimony, pensions), certificates of ownership of real estate and other transport. All this increases the likelihood of approval of a loan in the amount of over 1 million rubles and gives the right to a discount on interest (if 2-personal income tax is provided - minus 1% of the base rate).

How to calculate

The interest rate for each car loan program is set individually and depends on many conditions:

• connections to life insurance (at Sovcombank this is called “Financial Protection”) and comprehensive insurance;
• purchase of additional services to ensure the safety of the pledged vehicle (alarm systems, technical assistance subscriber service);
• providing certificates of employment;
• the amount of the indicated income;
• guarantor, his salary, etc.

It is difficult to calculate a Sovcombank car loan without taking into account all the specifics of the agreement. You can very roughly estimate the cost of a loan for a year if you take the base rate and multiply it by the required amount (minus the advance). Example:

• the borrower plans to buy Nissan for 3 million rubles at 15.9%;
• the annual overpayment will be 477 thousand (15.9% of 3 million);
• annuity monthly payment – ​​3.477 million/12 or 290 thousand rubles.

If the borrower agrees to insure the car, bring 2-personal income tax, make a down payment of 50%, join collective life and health insurance, his rate may drop to 10–12%. Then the monthly payment will be completely different.

In such cases, it is much easier to plan loan expenses using special programs - online calculators. There are practically no such on the bank’s own website (only for commercial vehicles); the fee schedule here is drawn up upon approval of the conditions.

But an interested client can use third-party resources. A simple online calculator will calculate the costs for the entire loan term, taking into account the monthly payment, in a few seconds.

Registration procedure

For registration:

• submit an online application for a car loan on the website or fill out a form at Sovcombank;
• 1–4 hours – waiting for a response;
• Having received approval, all you have to do is go to the nearest representative office of the lender with a package of documents (depending on the issuance program).

To approve a loan to purchase a car from a dealer, you will need to obtain an invoice for the selected vehicle and a copy of its title in advance. The comprehensive insurance agreement, if mandatory, is concluded together with the loan agreement.

Main advantages of car loans

The advantages of Sovcombank car loans include:

• a large selection of programs, including a car loan with government support;
• very favorable rates when purchasing from dealers;
• possibility of obtaining a car loan without a down payment;
• quick approval (1–4 hours);
• minimum requirements for documents (issued with a passport, two documents);
• high age limit (car loans for pensioners up to 85 years old);
• a line of tools for price management (income confirmation, connection to car dealership services, insurance);
• selection of loan programs for the purchase of new and used cars;
• free early repayment;
• the opportunity to choose a seller - a car dealership or a private owner of a used car (in the second case, Sovcombank offers
• car loan under the program from hand to hand).

Disadvantages of car loans

What the borrower may not like.

• Almost all loans require comprehensive insurance. The price of the loan depends very much on the activation of the financial protection service - driver insurance.
• Car pledge (the title remains with the bank until the debt is repaid).
• Disconnection from any loyalty programs (rate reduction) when the first debt arises for more than 1 day. Without the possibility of returning loyal interest.
• High fines for delays and non-compliance with contract requirements (3,000 rubles for late notification of the creditor about a change of residence).
• An initial payment is almost always required; for some programs it reaches 40–50%.

Is insurance required and is it possible to refuse?

De jure, all insurance coverage is not mandatory, but the decision to refuse insurance increases the interest rate by 1–6 percentage points. Moreover, this condition also applies to those who entered into an insurance contract and then took advantage of the cooling-off period to terminate it.

To terminate a collective insurance contract (to return the insurance), an application must be submitted only through the bank (these are the rules of cooperation between Sovcombank and IC Medlife and Alfastrakhovanie, the main partners). The application is approved only on the terms of the rate increase.

The cost of personal insurance (collective agreement, the bank is the policyholder, the borrower is the insured person) is 1.75–5.5% of the loan amount. Comprehensive insurance will cost 5–10% of the actual cost of the car.

Casco

According to the tariff table, effective from March 11, 2018, Sovcombank issues a car loan without comprehensive insurance on the following conditions:

• the subject of the purchase transaction is a new car;
• down payment – ​​from 0%;
• amount – up to 4.9 million rubles;
• rate – 16.75–18.25%;
• term – from 6 months to 6 years.

When buying used cars without comprehensive insurance, you can count on a maximum amount of up to 2.5 million and a rate of 17–20%. The financial protection service (personal insurance) for all products is optional.

Special offers

One of the most interesting offers for vehicle buyers is a car loan under the hand-to-hand program from Sovcombank. According to it, the borrower can purchase a car no older than 10 years from a private owner. To consider the application, you need a photo report of the purchased vehicle, its passport and registration certificate.

To purchase new and used vehicles on more favorable terms, there is a similar special offer - “Autocredit”. The borrower receives a car with an advance of 15–50% worth up to 2.5 million rubles for 0.5–6 years at 12–14% per annum. Casco is required, it is enough to provide only the title for the car.

Early repayment

All Sovcombank car loan programs are subject to preferential terms for early repayment:

• when the full amount of the debt is paid in the first three months after registration, the transaction is carried out without notification to the lender and commissions;
• Early repayment starting from the 91st day of using the loan is made without fees, but with notification (according to the rules, it must be submitted no later than 30 days before depositing the money, but in practice this is not mandatory).

As part of guaranteeing favorable rates, the bank agrees (and this is stated in the loan agreement) to make full early repayment without commissions and payment of interest during the use of the loan, if:

• the borrower, within 90 days after issue, will find and approve in another bank a similar loan for the same amount with the same services, but at a lower interest rate;
• the client will provide confirmation of the loan on more favorable terms in terms of the annual interest rate.

Features and differences in conditions

Young people and pensioners are credited here with some reservations.

1. To get a Sovcombank car loan, a student needs to have a job (official) and 4-6 months of experience. To confirm reliability, the bank will require a guarantee from a relative over 27 years of age and a certificate from the university certifying that the young man will not be drafted into the army in the near future. Girls on maternity leave are 99% likely to be denied a loan.
2. A car loan for a pensioner is issued for an amount of up to 0.5 million rubles (as practice shows). A borrower over 60 years of age must provide a guarantee from a young relative or colleague and an extract from the pension fund. The approval rate here is quite high, especially for those who are ready to transfer their pension card and deposits to the bank for service.

If your credit history is damaged

A positive or no credit history is a key condition for approval of car loans at most banks. Sovcombank is no exception, but offers borrowers with damaged CI two interesting solutions:

• activate the history correction service (the client’s status changes in three steps through the registration of small short-term loans and deposits);
• restore your reputation (if the bank is to blame for its deterioration) in court as part of legal assistance under the Stop Debt program.

Program without advance payment

The bank has 4 programs under which you can buy a car on credit in full with bank money (without a down payment).

1. “AutoExpress” for new cars is issued at 15.75% for 0.5–6 years in the amount of up to 2.5 million rubles. Casco is mandatory, financial protection will reduce the rate by 1–1.5 points.
2. Car loan without comprehensive insurance.
3. “AutoFresh” for used cars (up to 4.9 million at 16.75–17.4%, approved in an hour, issued with a passport).
4. Among the special offers, if you do not have funds for an advance payment, you can take advantage of a joint promotion with the TradeDealer service. When submitting an application through its portal, there is no down payment.

No guarantors

Unlike insurance and an advance payment, a guarantee is always required. Issuance without certificates and guarantors must be agreed upon individually. In this case, the bank’s risks increase sharply, the annual interest rate is close to 21–23%. To “compensate” for the risk, it is worth offering the lender additional collateral.

For a new car

Standard lending programs for new cars at Sovcombank:

• “AutoExpress”: 0.9–2.5 million at 15.75% with approval within an hour for 6–72 months.
• “AutoClassic”: advance payment from 15%, rate from 15.2%, amount up to 4.9 million, issued according to two documents, approved in a maximum of 4 hours.
• “AvtoZaMillion” for the purchase of premium cars (Lexus, Toyota, Cadillac, Mercedes and others): from 1.7 to 4.9 million rubles at 13.9–17% on a passport with preliminary approval in an hour.

In all cases, the requirements for the borrower are standard (22–85 years old, Russian passport with registration, work, 4–6 months of experience). There are no fees for issuing, processing documents, agreeing on conditions, etc. Early repayment is free at any time.

In addition to those listed, the bank has more than 10 offers developed jointly with automakers:

• LADA Finance (from 12.99%);
• Hyundai – H-Promise (from 13.5%);
• GM Avtovaz (from 15.35%);
• Subaru Finance (from 11%);
• Lifan Finance (from 15.25%);
• KIA I'm sure and others.

Subsidized loan programs “Low interest for 5 years” and “Low interest for 3 years” are offered with rates ranging from 6–9%.

For a used car

Sovcombank issues a car loan for a used car under the terms of one of three programs:

• “AutoFresh” (up to 4.9 million rubles for a maximum of 6 years with a passport).
• “AutoClassic” (application is considered in 4 hours, rate from 17.2% with the possibility of reduction with good payment discipline, amount up to 4.9 million rubles, there is an initial payment of 15%).
• "AutoExpress" (at 18.4% in the amount of 0.9–2.5 million rubles).

The borrower must not have existing car loans or overdue debt obligations. The maximum age for foreign cars is 10–17 years, domestic – 3–7 years, depending on the program.

With government subsidy

For those wishing to receive a car loan with state support from Sovcombank, there are two programs.

1. "First car" Available to citizens of the Russian Federation who are not owners of vehicles of any category. To receive it, you must provide a certificate from the traffic police about the absence of registration in the name of the borrower of the car, a passport and code (men under 27 years old - additionally a military ID).
2. "Family car" To obtain, you need a passport, TIN and 2 birth certificates for children (minors at the time of registration).

State support in both cases consists of paying the borrower 10% of the cost of the purchased car (as an advance payment).

Commercial vehicles

Individuals (or companies, provided the loan is issued for an employee) can apply for a loan from Sovcombank to purchase commercial vehicles:

• trucks of domestic and foreign production;
• buses;
• vans;
• minivans;
• special equipment.

The loan is issued on the same terms as a loan for the purchase of passenger cars. The maximum amount is 4.9 million rubles, the rate starts at 16.7% per annum, the terms range from six months to six years. The client can apply for the purchase of new and used freight, passenger and special vehicles.

Refinancing

You can transfer all current loans and car loans to Sovcombank, but a separate refinancing program is not offered here. Legal entities have access to a non-targeted lending program secured by cars or real estate (1–30 million). Citizens can receive a consumer loan against total collateral (new and old cars are used as collateral).

After applying for a loan, you can reduce the final rate to 10.9% (for the same purposes for which refinancing is offered in other banks). What you will need:

• apply for a new loan for a period of at least one year;
• repay the debt regularly for 4–6 months;
• pay a transition fee (depending on the size of the rate received from 3.9 to 6.9% of the original loan amount).

Tips on how to get minimum interest rates

If we compare Sovcombank car loans with similar offers from large financial organizations, it wins in terms of rates. Plus, all programs provide opportunities for further cost reduction. But the price management system here is complex, you need to be able to understand it.

As the experience of users of PJSC consumer loans shows, the most profitable processing options are:

• under the subsidy program by automakers (high initial payment of 40–50%, but the rate is 6–9%);
• with the inclusion of collective insurance (from 1.75% of the loan amount);
• with a crystal clear credit history.

To get a favorable interest rate right away, you should provide proof of income and a reliable guarantor. To reduce it subsequently, it is important to avoid even one-day delays (if there is at least one omission, you will not be able to get a rate of 10.9%.

In 2019, Sovcombank offers Moscow residents a number of car loan programs for the purchase of category B cars, trucks, passenger transport and special equipment.

Standard programs are focused on assistance in purchasing domestic cars or foreign cars (new and used) at a car dealership or from an individual. Special products involve the purchase of cars of certain brands at official dealerships on preferential terms. Partners include: Hyundai, KIA, Subaru, GM-AvtoVAZ and others.

Basic conditions of car loans from Sovcombank

Sovcombank provides loans in the amount of up to 4.9 million rubles for a period of up to 6 years. The size of the minimum down payment and the need for CASCO insurance depend on the chosen car loan tariff. The client can enter into a loan agreement with a voluntary financial and insurance protection program.

Special rates apply for loans for the purchase of new premium cars. Preferential conditions are also provided within the framework of car loan programs with government subsidies.

Applying for a car loan from Sovcombank in Moscow

Requirements for the borrower:

• Russian citizenship;
• age from 20 years;
• age at the planned loan repayment date – up to 85 years;
• employment for at least 4 months, registered in accordance with the established procedure;
• residence and permanent registration in the territory where the bank operates.

In 2019, the minimum set of documents for applying for a car loan, according to information on the Sovcombank website, includes only a general passport (for persons over military age). The application is processed within one day, and in some cases – within one hour.

To obtain a loan on more favorable terms, the borrower provides:

• income certificate;
• a copy of the work book certified by the employer.

The provision of credit funds to the borrower is carried out on the basis of a consumer loan agreement secured by the purchased car.