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News

28.04.2015

Rosbank joined the car loans subsidizing state program

Rosbank joined the car loans subsidizing state program.

The program allows customers to get a car loan at a rate reduced by 2/3 from the key rate of the Bank of Russia (the exist current key rate of 14% per annum, discount in loan rate is 9,33%). Preferential car loans can be issued for up to 3 years to buy a car costed to 1 million rubles with downpayment at least 20%, and the compliance of the vehicle to the requirements of the Bank. E.g. according to programm "Avtokredit" minimum rate on the loan is now 8,17%.

 

Andrey Sokolskiy, Head of Retail Sales Development Department, commented: "We have traditionally participated in car loans subsidizing state programs since 2009 and are welcoming that the car lending received state support again. According to our experience, every third car loan in the bank and in the country as a whole are issued using the state program. Reduced rates on car loans will allow to offer our clients favorable conditions for the purchase of new vehicles, and will effectively support the carmarket of Russia in the current difficult economic conditions" 

 

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