Sberbank car loan for 2014-2015

In 2014, Sberbank offered its customers many different promotions — the opportunity to receive discounts when paying for goods with a bank card, the opportunity to receive various bonuses and gifts when making deposits, and so on. However, in the field of car loans, everything remained exactly the same as it was in previous years. Moreover, the state program to support car loans has ceased to operate, which greatly upset many people who wanted to buy a car on credit.

Recall that according to this program, it was possible to issue a car loan at 13 percent per annum, 7,5 percent was paid by the borrower himself, and 5,5 percent was compensated to the bank from the country's budget. As we wrote in a previous post on the pages of Vodi.su - “Reviews on car loans from Sberbank” - some borrowers were faced with applying for a loan under this program, and a year later it turned out that they were paying the usual 13 percent, since state subsidies stopped.

How popular this type of lending was can be judged by statistics - in the second half of 2013, from July to December 31, about 275 thousand cars were sold, of which 23 percent were AvtoVAZ products. But at the end of 2013, the program was completed ahead of schedule. I would like to hope that from 2015 the state will take steps to renew it. Although the financial situation in the country for some reason makes us think that this is unlikely to happen.

Let's try to figure out under what conditions it was possible to get a loan for a car in Sberbank in 2014.

What does Sberbank offer?

Sberbank offers the opportunity to purchase a car on credit both for those who have official income and for those who cannot confirm the fact of employment and wages. In the first case, the bank will set you a lower interest rate, because they will be sure that you will be able to fulfill all the terms of the contract.

Many of us work unofficially, or receive a minimum salary in the region of 5-8 thousand, although according to the requirements of the bank, the minimum income of the borrower should be 15 thousand for Moscow and St. Petersburg and 10 thousand for all other cities and villages of our Motherland. In this case, you will have enough application form, passport and any other document. When you fill out the questionnaire, just indicate the approximate amount of your income.

To purchase a car under the car loan program, you must deposit at least 15 percent of the cost.

It is also obligatory to obtain CASCO insurance for “damage” and “theft”. If desired, the insurance premium can also be added to the body of the loan, and the total cost of the car will increase by 8-10 percent.

After submitting your application form, you will have to wait a while for a decision to be made. If you are a bank client, receive a salary on a bank card or work in an accredited company, then a decision can be made within half an hour, maximum two hours.

In all other cases, it may take no more than two days - it all depends on the level of your income and credit history.

When the decision is approved, you need to provide the entire package of documents:

• a contract of sale and a document for payment from the salon, as well as a certificate-check on making a down payment;
• a copy of the TCP, an insurance contract or a certificate for CASCO payment, if you are going to take it on credit too.

Interest rates

Interest rates at Sberbank are not the highest: 13-14,5 percent per year. However, this is only in booklets and on the website. If you look closely, you will see asterisks and footnotes:

• +1 percent if the client does not want to take out a personal insurance policy;
• +1 percent if the client does not receive salaries and pensions on the bank card.

In a word, be guided by rates from 13 to 16 percent - which is also not bad, given that in some other banks they tear up all 30.

Smart people will always figure out how to get the lowest interest, for example, they will issue a loan for a wife or a retired mother who receive salaries and pensions on a bank card.

Loan conditions are also very tolerable:

• the loan is issued for both new cars and used ones;
• term - up to five years, even if you take for five years, the rate will be from 14,5 to 16 percent;
• the maximum amount is 5 million rubles;
• do not lend in dollars and euros;
• There are no fees for registration or early repayment.

That is, you can roughly calculate how much a car will cost you for 500 thousand for five years:

• 78 thousand installment (CASCO also take a loan);
• monthly fee - 10-11 thousand;
• overpayment - about 203 thousand.

If you are sure that in five years your financial situation will not change significantly, then you can decide to apply for such a loan, which, in fact, has been used by millions of happy families.

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