Car loan at Rosselkhozbank - conditions and interest rate

There are a huge number of banks in Russia, and in almost any of them you can get a loan for a car. Lending programs are generally almost the same, interest rates fluctuate in a small range - some have more, some have less. Europe and the USA with their conditions are still far away.

But one fact pleases that there are such banks that can offer some preferences for certain categories of the population. Take, for example, Rosselkhozbank. This is a state financial institution, it belongs to the state property of the Russian Federation, the total capital exceeds one trillion rubles.

According to the 2014 rating, Rosselkhoz Bank is one of the ten most reliable banks in Russia, and one of the hundred largest in the world.

Already from the name it is clear that it was created in order to support the agro-industrial complex of Russia. Representatives of the rural part of the population can receive loans here for the purchase of agricultural machinery, equipment for poultry farms and livestock farms. Maybe in this bank a simple guy from the village can get a loan to buy his first car.

At what interest rates can I get a loan at the Russian Agricultural Bank?

Lending terms

Since Rosselkhozbank is state-owned, the conditions for obtaining a loan for a car are the same as in the largest bank in Russia - Sberbank. That is:

• the minimum down payment is 10 percent of the cost;
• loan term - from one to 60 months;
• credit can be obtained by citizens aged 18 to 65;
• the maximum loan amount is 3 million rubles, 100 thousand US dollars or 75 thousand euros.

What are the requirements to the borrower?

The advantage of getting a car loan at a large state-owned bank is that they check the income level and credit history of each client very carefully. In commercial banks, the attitude is more loyal, and as a result, even someone who really cannot pay it can get a loan, but then such a person will find out in his own skin who the collectors are, how much he will have to overpay, taking into account all the fines and penalties, so as not to lose your car.

Rosselkhozbank looks at:

• general work experience;
• average monthly income;
• family composition, possession of property;
• Do other family members have income?

To apply for a loan, you have to fill out a rather impressive questionnaire, and indicate all the data in it. It won’t work to come up with anything, because everything is checked and 4 days are allotted for making a final decision (next to the number 4 there is a small asterisk and a footnote - the bank can change the time for consideration of the application both up and down).

If your average monthly income does not allow you to pay monthly loan deductions, then you will not see a car, at least in this bank.

The requirements for a potential borrower are as follows:

• at least one year of service over the past five years (the last 5 years - meaning at the end of the loan, that is, if you take a loan for 2 years, then for the last 3 years);
• at the last place of work (current) you must work for at least 4 months;
• citizenship of Russia, registration at the location of the bank branch.

But for citizens with a rural residence permit, as well as those working in the agro-industrial complex, who have a positive credit history in this bank or have an account with it, there are some concessions: at least 6 months of experience, the term of work in the last place is 3 months.

Interest rates

The most interesting thing is the interest rates, in this bank they depend on the term of the loan and the amount of the down payment. If you contribute from 10 to 30 percent of the cost, you will receive:

• for up to a year - 14,5%;
• from one to three years - 15%;
• from three to five - 16%.

If you deposit more than 30 percent of the cost, then the rates will be 0,5 percent lower: 14, 14,5, 15,5 percent, respectively.

As usual, there are a few footnotes in small print:

• if you refuse life insurance throughout the entire loan period, then you can safely add another two percent to the above rates;
• preferences for those who have bank accounts or receive a salary on a bank card - rates are reduced by one percent.

That is, we see that the bank is trying to protect itself from all possible risks. You will not only need to apply for CASCO, but also a voluntary medical insurance policy, which is also not cheap. But at least the fact that CASCO can also be issued on credit here pleases.

The memo to the borrower describes in detail the consequences of delays in payments - for each day of delay, a fine of 0,1 percent of the loan amount increases. If a person turns out to be a malicious non-payer, then penalties can also be imposed on him - 10 minimum wages.

If you are not afraid of all these consequences and you are firmly on your feet financially, then your application will be considered, you will need to provide a standard set of documents, plus a sales contract from the salon, a copy of the TCP and a check for making a down payment in the salon.

Such decisions need to be made carefully. Remember that such a loan is beneficial only if you make a large advance payment - at least 25-50 percent, and apply for a short period of time - up to two years. In all other cases, there is a huge overpayment.

Loading…