Today, a car has become far from being a luxury, but a common means of transportation for most of the population of our country. Naturally, new cars are the most environmentally friendly and reliable, but not every person can afford to purchase such a vehicle. In this case, banks are always ready to help and offer their services.

What is a car loan

At the moment, car loans are a fairly common phenomenon, the services of which are used by many people and even organizations. This allows you to use the car in full during the entire payment period.

Thus, car lending is a service provided by Russian banks, where a citizen borrows a certain amount of money to purchase the desired car. In this case, the purchased vehicle can be passenger cars, cargo, passenger, agricultural, etc. and be used for any purpose.

When a loan application is submitted, the bank processes the request solely on the client’s terms and conditions.

All decisions should be made without looking at the advertisement, since it does not reflect the full essence of the proposed loan and does not tell about the possible disadvantages of the offer.

Today there are a huge number of car loans, however, all banks have many similar features:

Today, in the car lending market, banking organizations offer clients several different types of services:

• express lending - allows you to use the purchased car from the day you apply for a loan;
• factoring (buying a car in installments, in this case no interest is paid) is a fairly profitable and very convenient offer for many, but it only applies to the purchase of new foreign cars;
• loans without a down payment, but in this case the bank sets additional requirements for the client and provides a loan with higher interest rates;
• a loan for obtaining insurance, where the collateral will not be the purchased car, but something else.

The state tries to help its citizens in everything, even in terms of buying a new car. If you want to purchase a car, you can contact government agencies for support. But there are also disadvantages to this program - the subsidy only applies to new cars without registration and often made in Russia.

Allows you to apply for a loan taking into account government subsidies for 9-12% of citizens aged 18 and not more than 65 years. For example, a car must weigh up to 3.5 thousand kg and cost up to 600 thousand rubles. In this case, the make of the desired car must be registered in the Russian state register.

In this matter, it will not be possible to deceive the state and, as a result, buy another vehicle, since the subsidy is targeted and is issued exclusively for cars from the state register.

But such a program is suitable specifically for those who love domestic cars; in this case, car loans under the state program are the best option, although with some disadvantages. You will need to provide documents that confirm the solvency of the potential borrower. You can only use documents with official income. The size of the future loan amount also depends on your income level.

A loan is issued taking into account state support for a period of no more than 3 years, although banks often extend loan repayment to 6 years. And the down payment is relatively small - 15% of the amount. Do not forget about one feature of such lending - the loan is issued exclusively in rubles.

And yet, the most significant disadvantage of a car loan under the state program remains that it is only a targeted loan. And you will have to insure it from your own funds or take out an additional loan, for example, a consumer loan. You will have to leave the vehicle itself as collateral.

Where is the best place to get a car loan?

Having decided on the decision to take out a loan to buy a car, people often ask the second question: where to get a loan that is the most profitable and not burdensome.

Recently, the most popular options for obtaining a car loan are the following:

• banks;
• car dealerships;
• captive banking organizations;
• credit brokers;
• online loan applications.

Car loans through a bank. The most popular option, since the borrower independently selects an organization, collects the required documents and receives a car. In this case, the funds are sent directly to the seller’s account, bypassing the borrower. But here the consideration of the application takes a long period, sometimes up to several days, which is quite inconvenient.

There are several inconvenient aspects of car loans directly from the bank: a loan can only be issued for a car from the bank’s list, mandatory insurance, and sometimes collateral for the purchased car.

Registration through a car dealership. The main advantage of car dealerships is that you don’t have to go to the bank. In this case, specialists from the car dealership will register the car immediately on the spot.

You should select the desired dealership with the car you like. Then get acquainted with all the offers of banks (usually there are quite a lot of them, it is recommended to study them carefully) that provide car loans: often their representatives are present at the car dealership. You should immediately sort out your insurance. Having selected a suitable program, you can apply for a loan.

Registration in a salon will cost a little more, since the interest rate is calculated in advance taking into account the urgent processing of the loan.

Captive banks in Russia. It is believed that this is the most profitable option for obtaining a loan. There are no intermediaries - a bank and/or a car dealership.

In such institutions, the price is generally slightly lower than for standard banking programs. Sometimes the percentage reaches zero, however, it depends only on how urgently the automaker wants to get rid of the outdated model. But discounts are rare here; if they occur, they are no more than 3%.

The disadvantage is that loans are issued only for a car brand of a certain manufacturer. But such organizations do not require registration of additional products and services.

Through credit brokers. It is worth understanding that a broker is an intermediary, which means there will be additional expenses. A broker is contacted if the borrower cannot independently contact a banking organization. Mostly, such people are approached by clients with a damaged credit portfolio.

At the request of the client, the broker sends a request simultaneously to several banks, since not every bank, on the basis of certain documents, will be ready to issue a loan to a person with a bad credit history.

Broker commissions range from 10-15% of the loan amount.

But you should be careful, because it is in this area that scammers are quite common.

Which bank is better to take a loan from?

When choosing a suitable bank, the borrower always tries to find the most advantageous offer with minimal interest and convenient conditions. You should not choose offers with unrealistically low rates, since this is only an indicator that when receiving a loan you will need to sign up for additional services and overpay for something else.

Hidden fees at low interest rates are a fairly common phenomenon that is not very pleasant for the borrower. Naturally, the borrower learns about this only after the loan has been issued, which immediately becomes an unpleasant surprise for him. Banks will not give loans without their own benefit.

However, there are trusted banks where the conditions are loyal and the interest rates are low. Raiffeisen Bank with rates of 22% and a down payment of 25% of the cost of the car. At Rossiya Bank you can get a loan at rates starting from 18.5%. VTB 24 Bank allows you to apply for a loan with a rate of 18.5% and an initial payment of 20%.

It is better to obtain more detailed information from the bank or on its official website. Most banks offer loan terms of up to 5 years.

5 best loan offers

Most clients still strive for loans with a minimum interest rate. Here are the banks that offer minimum loan rates:

1. Rusfinance Bank with a rate of 28.5% and a down payment of 30%.
2. UniCredit Bank - from 9.65%, down payment - 30%.
3. Siberian Bank for Reconstruction and Development - from 25%, down payment - 9%.
4. Gazprombank - from 25%, down payment 15%.
5. Raiffeisenbank - from 22%, down payment 25%.

Thus, if you want to get a car on credit, you should pay attention to various offers, choose a bank based on your own income, and rely only on your opinion, since often the opinions of friends are biased, and advertising cannot be trusted.

To buy a new car you have to save up for several years. Buying a used car also cannot be called a cheap deal, and for some Russians even this option is still in their dreams. Due to the fact that car loans in Moscow allow you to purchase any car without exception, the ranks of capital car enthusiasts are replenished every year.

What car loans are offered in Moscow?

Let's start with the fact that you can buy a car on credit in Moscow directly at a car dealership. As a rule, car dealerships cooperate with 2-4 banks, whose representatives accept and review applications on their territory. An application submitted in this way is considered under general conditions.

• new car loan;
• funds for a used car;
• program for purchasing a specific car brand;
• new car on credit in Moscow on preferential terms with government subsidies;
• loans for the purchase of Russian-made cars.

Car loan in Moscow - conditions and main parameters

In Russia, there have long been established requirements for individuals applying for a loan. They vary slightly and may differ in different organizations, but in general Russian banks adhere to this list:

• age: 18+;
• Russian citizenship;
• registration: permanent;
• experience: from 4 months;
• solvency;

In 2019, not all banks establish a requirement for registration in the area of ​​their location; registration in any region is allowed. The same applies to proof of income. Certificates in the form of a bank or employer, and pension account statements are accepted for consideration.

You can take out a car on credit in Moscow under these conditions:

• down payment 10-50% of the cost of the car or without a down payment;
• interest rate from 14.00%;
• for 5 years;
• without income certificate;
• secured by the purchased vehicle and/or other property;
• with bad credit history subject to collateral.

How to find a loan on the site?

All you need to choose a loan here is to know the amount and loan period. In addition, the car loan calculator in Moscow makes it possible (at the user’s request) to search for a loan, taking into account additional conditions.

The practice of lending is becoming increasingly popular in the world. This trend has successfully spread throughout the Russian Federation. Many banking organizations offer their services at very attractive rates, including car loans.

Due to the significant market situation in this sector, there is a significant difference in car loan rates in different banks in the country. This is due to the struggle for customers, which entails improved service, more favorable conditions and transparent cooperation.

Changes in interest rates

For the period 2016-2017, the Central Bank of Russia raised the key rate mark to 17%, which caused a significant increase in interest rates on all types of loans. Hence, rates increased from 20 to 70% (including express loans). A few months later, a gradual decrease began and amounted to about 11%. At the moment, the situation has stabilized, causing a decline in interest rates. The main types of lending offer the following figures:

• consumer - from 10 to 19%;
• mortgage - from 9 to 17%;
• car loan - from 6 to 19%.

For the last two, the Central Bank of the Russian Federation has provided government programs, thanks to which interest rates on car loans in banks have become more loyal and tempting for customers. This created a constant demand for this type of lending, increasing purchasing power. You can use the calculator on the Central Bank website.

Interesting! Due to the difficult economic situation, the Central Bank of Russia introduced a number of amendments to improve relations between banks and borrowers. For example, more demanding conditions for the latter in the form of mandatory income certificates, a clean credit history, etc.

Car loan programs

Starting in the spring of 2015, the Central Bank of the Russian Federation ordered the introduction of state support for clients, including mortgage and car loans. The list consists of more than 50 brands of vehicles assembled on the territory of the Russian Federation. In addition, the list includes not only domestic cars, but also, to a greater extent, foreign-made ones.

Important! The state program for car loans is not provided by all banking organizations.

This will allow you to count on a preferential interest rate on car loans, provided that the maximum amount of the selected car does not exceed 1,160,000 rubles. The list of banks providing obligations under the state program is represented by more than 100 financial institutions. There is also practice as interest-free lending.

Car loan "Sobinbank"

The bank's conditions are as follows:

1. Interest rate - from 11.5 to 13% (depending on the initial deposit);
2. Mandatory proof of income;
3. The maximum loan term is up to 4 years;
4. Car amount up to 4 million rubles (currency equivalent possible)

Applies to domestic and foreign-made cars (including used brands).

Sberbank car loan

The structure conditions are as follows:

1. Interest rate - from 13.5% (rubles);
2. Optional proof of income and employment;
3. The maximum term for a car loan is up to 5 years;
4. The cost of vehicles is up to 5 million rubles.

Guarantees the receipt of cars of domestic and foreign production. It is also possible to issue used stamps.

Note! Sberbank's policy provides for a 1% discount for the following categories of persons: individuals who have a deposit or receive wages on a bank card, as well as pensioners with a social card.

Car loan "VTB 24"

The borrower's age is at least 21 years.

1. Interest rate - from 14%;
2. A certificate of income is not required;
3. The maximum loan term is up to 5 years;
4. The minimum initial deposit is from 15%;
5. The cost threshold for a car is up to 5 million rubles.

It is possible to obtain cars of foreign as well as domestic production. Credit is provided even for used models.

Car loan from Gazprombank

The censor age is 21 years or older.

1. Interest rate - from 13.50%;
2. A certificate of income is required;
3. The maximum loan term is up to 7 years;
4. Minimum down payment – ​​from 15%;
5. The maximum threshold for the cost of transport is up to 4.5 million rubles.

Gazprombank also offers the opportunity to issue loan obligations not only for new, but also used vehicles.

Alfa-Bank car loan

1. Interest rate - 15.99%
2. Mandatory income certificate (confirmed);
3. The maximum loan term is up to 5 years;
4. Minimum contribution - from 15%;
5. The price of the purchased car is up to 3 million rubles;

As can be seen from several examples, most conditions have similarities. Each financial representative has its own advantages over others. Several key points can influence car loan bank rates:

• order of the Central Bank of Russia;
• economic situation in the country;
• demand for the purchase of vehicles.

In most cases, financial structures of the Russian Federation offer quite attractive conditions for car loans.

What documents are required

Almost all financial organizations in the Russian Federation accept a certain package of documentation. In some cases, special categories of citizens may have a different set of papers for obtaining a car loan. The optimal list is as follows:

• proof of identity (passport, driver's license);
• a copy of the work book (certified by a notary);
• birth certificate;
• documentary evidence of income (NDFL-2);
• pensioner's ID;
• marriage certificate (nuptial agreement);
• application form;
• payment documents (purchase and sale);
• foreign passport or insurance certificate.

Note! The list of documents described above is not mandatory. Financial institutions (banks) require some of them, depending on the prescribed regulations. It is better to check with the employee in advance about the need to provide certain papers, certificates, etc.

Online car loan

This method of getting the desired car is becoming the most popular among the Russian population. The advantages of this lending method are obvious and extremely convenient not only for clients, but also for the bank itself. Namely:

1. No queues. This is definitely a plus. A banking organization does not require multiple staff to service a large number of loan applications. Visitors don’t need to waste their time sitting in a boring line.
2. 24/7 functionality. You can fill out the form on the official page of the banking structure at any convenient time.
3. Save time. Almost all applications submitted by customers will be considered within 5-20 minutes. And after that, the bank will immediately provide its response to the request.
4. Comparative selection. An online car loan will allow you to send several applications to various organizations at once. This is convenient, first of all, for the client: you can successfully compare loan conditions and interest rates.

In general, you don’t have to be afraid to take out a car loan: bank rates today have a fairly low threshold, which will not allow you to overpay for the car you want. The conditions are quite transparent, and the state program facilitates the purchase of vehicles assembled in the Russian Federation. The choice is huge and includes at least 50 brands, which will satisfy the needs of every car enthusiast.

If you are planning to take out a car loan in 2019, we advise you to first familiarize yourself with the interest rates on the most popular offers of the coming year. Most of them are within 10-16% per annum; in rare cases, if there are promotions and special offers, the rate can be reduced to 8-10%.

Where is the best place to get a car loan?

Most often, they are issued directly at car dealerships, where one or more credit consultants are immediately located. They find out your personal and contact information, fill out an online application and send it to several banks with which this salon cooperates.

The advantage here is efficiency - you don’t need to go anywhere and collect documents, often a passport + one document of your choice is enough. If the application is approved, you will learn about this from an SMS or a call, sign the contract there in the showroom, if necessary, you will do so, and if the car is in stock, you can pick it up immediately.

What are the advantages? Most manufacturers create partnership products with banking organizations on mutually beneficial terms. They are attractive to the borrower because they can get certain car models at a reduced interest rate and even without a down payment.

In addition, programs have now become incredibly popular - this is when you take out a car loan, make a down payment of about 10-15%, and are guaranteed to pay at least 45% of the cost of the car. But you can:

• not pay at all, and then you just give the car to the dealer,
• take out a loan, pay it off and receive the car as your own,
• transfer the balance to a new car of a higher class. This is an opportunity to change your vehicle every 3 years without breaking the bank.

Is it possible to get a car loan yourself? Of course, it is often much more profitable and more common for Russians to first get a loan at a bank branch, and then come to the store to make a purchase. You just need to compare the conditions.

This allows you to save a lot by getting a loan for a vehicle. Yes, this method means spending more time, but this way you can be sure that you will not be forced to take unnecessary insurance and will not be shortchanged in terms of the rate or monthly payment.

Car loan under preferential program

If you are planning to purchase a car with a loan for the first time, or you have a family with several children, and at the moment you do not have your own vehicle, then you can use car loans with government support. It consists of providing a discount of 10% of the cost of the car if you meet all the requirements.

Conditions for vehicles:

• You can only buy a new car made in 2018 or 2019,
• production must be in Russia,
• cost no more than 1.45 million rubles,
• tonnage - no more than 3.5 tons, i.e. it must be a passenger car.

The interest rate is set by the bank itself, but it should not exceed 17% per annum. The contract is valid for up to 3 years; a down payment is not required. What are the requirements for borrowers:

Which banks issue loans under this program:

• UniCredit Bank;
• Rusfinancebank;
• RNKB;
• TATSOTSBANK;
• Volkswagen Bank RUS;
• MS Bank RUS;
• Expobank;
• Toyota Bank.

These are just a few suggestions, but if you search carefully, you can find many more profitable programs.

Standard offers from banks for car loans

If the conditions of a preferential program with government subsidies do not suit you, then you just have to look for the most advantageous offers yourself. Most often they are made only for new cars through affiliate programs, for example:

• — rate from 1% per annum for the purchase of Lifan cars,
• VTB Bank - from 3.2% for Jaguar and Land Rover,
• Bank PSA Finance Rus - from 5% for Peugeot and Citroen,
• UniCredit Bank - from 6% for Volvo,
• BMW Bank - from 7% for the same brand of cars,
• — from 7.9% for Lifan.

If you are planning to get a loan to purchase a used car, then you can use the following products:

1. BMW Bank - rate from 8.5% per year,
2. — from 9.75%,
3. Sauber Bank - from 10%,
4. VTB - from 10.9%,
5. Sauber Bank - from 11%,
6. Union - from 12%,
7. RNKB - from 12.5%.

To calculate the monthly payment and overpayment, we recommend using an online calculator:

CALCULATE LOAN:
Interest rate per year:
Duration (months):
Amount of credit:
Monthly payment:
Total you will pay:
Overpayment on loan

You can use our advanced calculator with the ability to build a payment schedule and calculate early repayment on this page.

How to reduce overpayment?

There are many ways to reduce interest on car loans.

1. First you need to find banks that offer minimum interest rates.
2. You also need to keep an eye on one-time and ongoing commissions, because they also force clients to pay a lot more.
3. The presence of additional documents, income certificates, as well as other documents necessary for trust increase the likelihood of receiving a loan. Also, certificates and documents allow you to receive favorable conditions.
4. If the client makes a small contribution and plans to repay the loan for a long time, then the interest will be higher. Therefore, it is advisable to make large down payments and take out loans for short periods.

There is also the option of taking out a consumer loan in order to buy a car. Is this option better than a car loan? There is no single answer here, because... Each of them comes with different pros and cons.

Without the help of borrowed funds, buying a modern car would be quite an expensive undertaking. A car loan has made it possible to purchase new cars even with insufficient personal savings. The resulting overpayment can be significantly reduced if the bank has provided the lowest possible car loan.

Options for choosing a profitable car loan

Current bank offers have a wide variety of car loan programs that take into account the preferences of motorists with very different income levels. And high competition in the car loan market will allow you to find a truly profitable option for the borrower.

There are several parameters under which the overpayment is significantly reduced:

• interest rate;
• attracting budget funds under the state program as partial repayment of the loan;
• reduction of commissions and other costs.

Lending organizations have recently lowered their requirements for car loan borrowers, but this forces them to be more careful in choosing a financing program that allows them to pay off contributions to repay the debt without damaging the family budget.

Impact of low interest on benefits

Of primary importance in determining the overpayment is the interest rate for the use of the organization's funds. Indeed, the higher the rate, the lower the final payment to the lender will be.

Among the current standard programs, some banks offer options with a rate of 8-12%, subject to certain conditions being met by the borrower.

The high risk of losing the collateral during the operation of the car and repaying the debt under the loan agreement forces the bank to require additional guarantees in the form of CASCO insurance. You may also need life and health insurance. The presence of such insurance will allow the bank to give more favorable rates on a car loan. The absence of CASCO will significantly limit the borrower's choice, and the rate will be higher. By doing a simple calculation using any car loan calculator, the client will be able to determine what will be more profitable for him.

As a rule, the interest rate without CASCO increases by an average of 2% per year. It is the amount of the annual overpayment that should be compared with the cost of the annual policy.

Parameters that reduce the percentage

In addition to the presence or absence of CASCO, there are many parameters that will affect the interest rate set by the bank:

1. Down payment amount. The larger the down payment, the lower the interest on the loan. The bank's willingness to invest significant sums to pay for the purchase is a confirmation of the client's stable financial position and solvency. If you have virtually no personal savings, you should not expect to receive a low interest rate under standard lending, but you can find promotional offers as part of joint projects between the lender and the car dealership and individual programs.
2. Availability of a sufficient package of documents and loan collateral. Registration of the purchased car as collateral is an integral feature of a car loan as a targeted type of loan. However, sometimes the bank does not have enough of them. Additional security for the pledge in the form of other movable and immovable property will allow you to count on a reduction in overpayment.
3. Confirmation of solvency. Occurs by providing salary certificates and a copy of the employment contract or work record book. If, according to the certificates, the client has a stable, well-paid job, he can take out a loan at a lower interest rate.
4. A special installment program from the manufacturer of a certain brand of car. Similar programs can be found not only in car dealerships, but also in banks. Providing installments will allow you to get by with a minimum of overpayments.

Current offers from the largest banks

When choosing a loan option, you need to study all the offers, as well as determine the most convenient lending bank.

The following table with lending for 3 years will allow you to navigate among the offers of the largest banks in Russia and choose the most optimal option for the borrower.

Credit organisation	Program	Amount, rub	Term	Minimum percentage
VTB 24	Auto privilege	1.5 million	5 years	11,1
Zenith	Used	3.5 million	7 years	14,0
Alfa Bank	AlfaAuto	3.0 million	5 years	15,9
Sovcombank	Alternative	2.0 million	5 years	19,5
Svyaz Bank	Premium Partner	6.0 million	5 years	13,9
Rusfinance	Lada Finance	6.5 million	3 years	10,3
Sethelem	Affiliate	2.0 million	5 years	13,0

Video about choosing a car loan

Since banks are constantly changing and improving their offers, you should check the current rates at the time of your request. It is recommended to pay special attention to affiliate programs for certain brands of cars (Volkswagen, Toyota, BMW, Hyundai, domestic VAZ cars, etc.) - current promotions are issued at 5.5-9.0% per annum.