Today, Sberbank is one of the largest state-owned banks in the Russian Federation. However, it should be noted that the share of issuing highly specialized loan programs in it is very small and amounts to about 5% of the total mass. Moreover, in recent years there has been an increase in the issuance of loans. The level of trust in the state begins to grow among the population, and people again began to go to Sberbank. Car loans are again becoming popular, and its share is increasing every post-crisis year.
Car loan programs
Today, Sberbank provides its customers with four different program options:
- basic car loan with a rate of 11.5 to 17% per annum;
- special partnership program with a vehicle manufacturer with a rate of 10.5 to 17%;
- consumer loans without additional security - from 17 to 22.5% per annum;
- consumer credit with a guarantee and additional guarantees - from 16 to 24.5%.
The amount of interest paid for the use of bank money depends on some conditions that Sberbank offers. Car loans are completely dependent on some points selected by the borrower:
- view of the selected program;
- term for which the contract is concluded;
- the currency in which the cash amount is issued and in which it will be returned;
- borrower belonging to the list of partners;
- category of car and interior in which it is purchased.
In some cases, you can count on preferential car loans. Sberbank provides a minimum interest rate of 10.5% if a new Lada car is purchased from a manufacturer in the Russian Federation. In addition, the borrower must be issued a social or salary card for this financial institution.
Sberbank of Russia - car loans and its features
It should be remembered that a loan to purchase a vehicle is included in the concept of consumer lending. That is why it is so important to understand the differences between the programs that Sberbank provides . Car loans for the first two options are a target loan (basic car loan and affiliate program), and for the last two - non-target (a consumer loan without additional security and a consumer loan with additional security and a guarantor). Although the basic and affiliate programs provide very favorable conditions, you can buy a car for them only at certain car dealerships - bank partners. It should be clarified that Sberbank works with only twelve manufacturers, among which there are no such popular brands as Toyota or BMW.
The maximum amount you can count on
For all
credit programs that Sberbank provides, car loans are most limited. First of all, the borrower is obliged to spend 15% of the money received on insurance of purchased property. Depending on the selected program, the maximum amount is:
- basic car loans - up to 5 million rubles;
- affiliate program - up to 5 million rubles;
- unsecured consumer credit - up to 1.5 million rubles .;
- a consumer loan with a guarantee and guarantees in the form of a collateral object - up to 3 million rubles.
Amounts indicated in rubles can be issued both in euros and in US dollars. In this case, the loan rate will be several percent lower, but it will have to be repaid in the chosen currency.