TOP 10: the most profitable car loans

March 13, 2015 10:35 pm

Using the services of a bank, any working citizen can take a car loan to buy a domestic or foreign vehicle. The only unpleasant moment is the need to register the car as collateral. When choosing an advantageous offer for yourself, pay attention to both the level of the rate and the amount provided, the maturity date, the size of the initial payment. The article provides an overview of car loans issued by Russian financial institutions in 2015. The rating of the ten most profitable banking programs * is arranged in descending order of the interest rate.

Car Loan 2015: Overview of 10 banks

10. The tenth position was taken by Nota-Bank, which issues car loans for used cars from foreign or domestic manufacturers:

• The ruble rate is within 24.5-28.5%, the dollar rate is 18.5-20.5%.
• The amount is not limited.
• Term: 1-3 years.
• Currency: ruble or dollar.

It should be noted that these auto loans are without initial payments, in contrast to subsequent offers.

There is a preferential rate for clients with decent and payroll account holders.

9. In ninth place is Alfa-Bank with the Alfa-Auto program. A car loan for used or new cars will allow you to apply for a purchase to any dealer working officially in the region where the bank is located.

• Interest rate - from 25.99 to 26.49%.
• Loan amount: from 112 thousand to 3 million
• Term: 1-3 years.

One of the conditions for receiving money is an advance payment of 15% of the amount.

8. At the eighth level is the Russian Capital Bank with the "New Cars" program. Loans for cars without mileage are offered from any manufacturer.

• Rate: from 24 to 26%.
• Amount limits: from 50 thousand to 3 million
• The term is 12-60 months.

The size of the initial payment is affected by the duration of the loan, as a result, its amount varies from 20 to 26% of the cost of the car. The bank also lends to used cars, but at rates of 28% and higher, so these offers were not included in the rating.

7. The seventh item is marked by OJSC Rosselkhozbank. The financial institution provides loans for new Russian or imported vehicles.

• Interest rate - from 19 to 24%.
• Loan size: from 100 thousand to 3 million
• Period: from 1 to 60 months.

You must first deposit funds in the amount of 10-24% of the loan amount. If the amount of CASCO insurance is included in the loan, the payment will be at least 20%. It is enough for salary clients to pay 1%.

6. The sixth position is held by VTB, whose car loan is presented under the Standard program. In accordance with its terms, a new car is purchased from a partner dealer company.

• Interest rate: 18.5-19.5%.
• Amount to be credited: from 1 million 400 thousand to 5 million rubles.
• Provided for a period of 1-7 years.

Car loan VTB 24 assumes a down payment of 20% of the total amount. For borrowers who have a salary account in the bank, special benefits are provided.

It should be noted that Sberbank does not offer special car loan programs for 2015, although it is VTB's closest competitor.

5. The fifth position in the “golden” middle is occupied by Vega-bank, which provides loans to legal entities and individuals wishing to purchase a new car. According to the terms of the program, the car must be in category "B" and have no more than 8 seats, excluding the driver's seat.

• Interest rate: from 18 to 20.0%.
• Loan term: from 6 months. up to 3 years.
• Loan size: 200 thousand - 3 million rubles.

The required initial amount is 10-30% of the cost of the car. The bank also provides loans in euros and dollars.

4. The fourth place is taken by Globex Bank, which issues loans for the purchase of used cars. The following criteria are provided for the service life of the machines:

• domestic - up to 7 years;
• overseas - no more than 9 years.

Loans are issued on the following conditions:

• The rates are in the range of 17-18%.
• The amount ranges from 50 thousand to 5 million Russian rubles.
• Loan term: from six months to 7 years.

It is necessary to make a contribution within 20-30% of the car price. When registering, no documentary confirmation of the client's solvency is required.

3. In the group of leaders, the third step is CJSC Bankirsky House, which offers car loans for new Russian and foreign vehicles.

• Interest rate: 14.5-17.5%.
• Lending period: from 1 to 5 years;
• Total limit: 100 thousand - 1 million 500 thousand

The level of the down payment is 15-70% of the cost of the car. The larger the amount, the lower the interest rate on the car loan.

2. Next to the leader, the second position is taken by Economics-Bank with a car loan program. Cars can be of domestic and foreign production without run.

• Suggested rate: 13-16%.
• Loan period: 1 year-5 years.
• The amount is not limited.

The interest rate is calculated based on the initial amount of 10% or more, as well as the loan term. The money is provided in Russian rubles.

1. The leader of the rating is I.D.E.A. Bank with the program "Idea-partner" in the category "Reliable". The financial institution provides loans for new cars.

The primary amount is 10-50%. The bank also provides for the issuance of a loan without certificates of income received, but at the same time the rates are 2% higher and the amount is limited to 1.5 million.

It should be noted that the level of interest rates of the same banks under identical programs may differ depending on the specific region of their location.

How to calculate a car loan on a calculator

Most financial institutions try to make it easier for their clients to choose the right loan. For this, special calculators are placed on the Internet on the websites of credit institutions. To calculate the payment schedule, fill in the proposed fields with data on:

• the condition of the car (year of manufacture) and its manufacturer;
• the cost of the car;
• the expected maturity of the debt;
• preferred currency, if you have a choice;
• the possible initial amount (the exception is car loans without initial payments).

By clicking the calculate button, you will see the following information:

• the size of the bet;
• the amount to be credited;
• the amount of overpayments;
• the total amount of the payment, including commissions;
• repayment schedule, scheduled by month.

Financial organizations offer 2 ways to apply for a loan:

1. Directly at the branch of a particular bank.
2. Online, on the official page.

After approval of the remote application, you need to visit the bank with the necessary set of documents, which usually includes:

• passport and additional document;
• a photocopy of the pages of the work book;
• certificate of income of the required form;
• completed application in the form of a questionnaire.

The list may vary depending on the requirements of the credit institution.

1. Despite the fact that Sberbank does not provide car loans, you can take a consumer loan without collateral at a rate of 20% per annum. As a result, you do not have to issue a pledge for the purchased transport. If there are guarantors, the bank will calculate a lower rate (from 19.5%) for such a car loan. Sberbank on the calculator site offers an updated calculation of monthly payments.
2. Please note that when applying for a loan, the bank will require you to insure the car, and this is an additional cost. Most often, insurance agencies are offered that have an agreement with the bank, and you cannot contact others. Sometimes life insurance of the client is also required. At your request, the insured amount is included in the main loan, which ultimately increases the amount of overpayments.
3. Before applying for a loan, you must have a certain amount of funds on hand. If you do not have the initial amount, then keep in mind that it is quite difficult to find a bank that provides a car loan without a down payment. Even if such a program is found, the interest rates in it will be overstated. After all, their level directly depends on the duration of the loan and the size of the initial payment.
4. The main condition for lending is the registration of a car as collateral. As a result, until the debt is fully paid off, you are not allowed to sell it, return it to the salon or change it.
5. You can also apply for a loan in a car dealership, but there is no significant difference, since car dealers work with banks. The only advantage lies in the special offers provided by the salon for its customers.

* Date of data update - March 2015.