The widespread offer of car loans has made it possible for many citizens of the Russian Federation to become happy owners of cars.
The procedure for obtaining a car loan is simple, it requires preparation in accordance with the requests of credit institutions, including a civil passport and a salary certificate.
However, the borrower does not always manage to obtain a document confirming his income. For such cases, banks offer products that make it possible to do without any certificates of salary and other income, as well as without attracting guarantors to a loan and making an initial payment.
How to arrange
At present, the majority of banks have significantly simplified the scheme for issuing a credit car, allowing almost any conscientious citizen to purchase a car, which will become a security collateral for the bank until the loan is fully repaid.
With the help of this measure, the bank insures itself in case of violation by the borrower of the terms of the contract and the termination of payments on the loan debt.
To use car loans without proof of income, the future car owner must go through the following procedure:
- choosing a car and determining its value and the amount of the first installment for a car;
- collection of documents required when submitting an application to the bank;
- contacting a bank employee or applying for a car loan without a certificate of income through the bank's Internet resource;
- after receiving a positive response from the bank, draw up a loan agreement and receive the amount necessary to buy a car.
Most Russian banks have similar requirements for the list of documents to be submitted:
- citizen's passport;
- an additional document that can prove the identity of the borrower (driver's license or pensioner's ID);
- written consent from the second spouse (if the borrower is married);
- document / letter from the organization confirming the availability of work.
A borrower for this type of lending can be a citizen of the Russian Federation over 21 and at least 65 years old with a permanent registration, source of income and a positive credit history.
When applying for a car loan without a certificate of income, it should be borne in mind that the borrower's age must not exceed 75 years by the time of the expected last loan payment
Planning a contract
Since it is quite easy to get a car loan, and the consequences in case of a worsening financial situation can be very different, when preparing for a car loan transaction, you need to familiarize yourself with the general conditions put forward by credit institutions:
- the amount of the advance payment for the car - not less 10% ;
- availability of a document confirming the client's solvency or income statement;
- the borrower's income level must exceed a certain threshold set by the bank in each specific situation.
In this regard, there are a lot of problems for citizens, whose employers deliberately lower the official salary or do not do without official registration of their employees.
Nevertheless, it is still possible to buy a car on credit for such categories of borrowers. Some Russian banks have developed loan offers that do not require proof of income.
The bank wants to have guarantees that the borrower will be able to make monthly payments and fully repay his debt, regardless of various circumstances.
For this, the loan agreements provide for a number of conditions that guarantee the bank a full repayment of the debt:
- increased interest rates;
- compulsory life and car insurance;
- the amount of the advance payment for the car sale and purchase transaction;
- short maturity.
The borrower must understand that under such lending conditions, the total overpayment may amount to up to 60% from the original cost of the car, and the amount of payment can be prohibitive.
In some cases, the bank goes to provide a loan without making a first installment, however, it will require in return the presence of compulsory CASCO insurance, or will increase the interest rate.
If the borrower fails to fulfill the terms of the loan agreement, the bank will impose severe penalties, up to the confiscation of the vehicle, issued as security for the car loan.
Possible scenarios for a car loan without income statement
On a used car
For those wishing to purchase a used vehicle, special banking programs are provided that make it possible to do without guarantors and proof of income. Deals for such vehicles are carried out through car dealerships that specialize in the sale of used cars.
As a rule, representatives of several credit organizations are always present on the territory of car dealerships, ready to promptly provide a calculation for the proposed loan and advise on the issue of credit conditions.
With the help of the services of a car dealership, the future owner of a car can significantly save not only time, but also money for the purchase, because various promotions are constantly held in car dealerships with discounts for a number of models. This service is impossible without the support of a car dealership.
Currently, the following banks offer car lending services for used cars:
- Loco-bank;
- Bank of Moscow;
- Bank Soviet;
- Rosevrobank;
- and others.
Unemployed
In the absence of the opportunity to confirm their work activity and labor income, car loan services remain available to Russians.
- renting out real estate / other property;
- the availability of profit from investment;
- income received from regular maintenance payments.
When contacting the bank, you need to understand that without confirming the client's solvency, the bank will not approve the loan application.
There are times when a borrower who has taken out a car loan loses his job and becomes insolvent. Credit organizations provide for the possibility of refinancing with partial payment of the debt, giving time for the client to solve his financial problems. However, the refinancing delay does not exceed 1 year.
No down payment
The service of crediting the purchase of a car without making an advance payment is provided by several banks.
Pervobank offers to use the special program "Car for the Young" on the following conditions:
Pervobank provides an opportunity to refuse to issue an expensive CASCO policy within the framework of this youth program.
Baltinvestbank has developed a car loan program “Just Two Documents”, which makes it possible to do without a down payment:
BFA Bank offers a car loan within the framework of the "Partner Loan" program, which allows you to purchase a car in the showroom without a salary certificate and a down payment:
Bystrobank offers to use the product "Cars", which allows you to buy a car without a run, with a year of manufacture within 1 year at the time of signing the loan agreement:
a special program has been developed for the purchase of a credit car within the framework of the "Fast Loan":
| Maximum size, rub | 1,500 thousand |
| Advance payment | Missing |
| Maximum term | 6 months - 7 years... For used cars of the domestic car industry - up to 5 years. |
| Special conditions | 1% . |
| Interest rate | 16,25 — 29% |
| Borrower requirements | Age 18-65 years old with permanent registration, without providing a certificate of income |
| Commissions and fees | For disbursement of funds, one-time payment 6 thousand rubles |
Promtransbank offers credit cars under the "New Cars" program without presenting an income statement:
Rosbank has provided for the possibility of buying a car under the program "Only two documents":
| Maximum size, rub | 1 million |
| Advance payment | Missing |
| Maximum term | 6 months - 5 years |
| Special conditions | When taking out life insurance, the interest rate is reduced by 1% . |
| Interest rate | 17,4 — 21,9% |
| Borrower requirements | Age 22-65 years old without permanent registration at the place of appeal, without providing a certificate of income. Minimum work experience - 3 months last. |
| Commissions and fees | Monthly maintenance 90-600 rub / month |
Raiffeisen Bank offers to purchase Hyundai, Opel or Chevrolet cars in specialized car dealerships on the following conditions:
Other offers from banks
| Credit institution | Bid, % | Advance payment | Maximum size | The product's name |
| Sberbank of Russia | >13% | >30 % | RUB 500,000,000 | "Without certificates" |
| Toyota Bank | >14,9% | >30 % | RUB 5,000,000 | "Standard program" |
| Bank Zenith | >23,5% | >15% | RUB 5,000,000 | "To buy a car" |
| Bank Transcapital | >20,5% | >20% | RUB 1,500,000 | "Auto-standard" |
| VTB 24 | >21,9% | >20% | RUB 2,800,000 | "Autolight and Autoexpress" |
In all cases, you will need to register a car as collateral for a loan, as well as a CASCO insurance policy and a good credit history
Alternatives
If it is impossible to provide a personal income tax certificate2, the bank can go to confirm income with a certificate from work. In such a certificate, the accountant can indicate the real wages, without fear that the data will be transferred to the fiscal and supervisory authorities.
If you have a plastic card, which regularly receives funds in addition to salary, its statement can help with confirmation of the borrower's income.
When applying for a loan, the bank may request additional security for the loan or offer to attract guarantors to the loan.
An alternative way to do without a salary certificate is the amount of an advance payment over 30%. As practice shows, in such cases, the bank may not need to confirm the borrower's income.
Pros and cons
Only a full consideration of all the positive and negative aspects, as well as a careful calculation of their solvency for the near term, will allow the borrower to avoid the sad consequences and in good faith to repay the loan at the required time.
You can apply for receipt by filling out a special online form on the bank's website.
The list of documents required for obtaining a car loan from Home Bank is given.
