Conditions on which auto loans of Sberbank can be drawn up

Starting from 2013, all auto loans of Sberbank are issued either in the framework of the basic program, which was called "Auto Loan", or under special programs. If you choose the first, you can count on the purchase of a new or used vehicle of domestic or imported production. As for the special conditions, here it is a question of joint programs with specific automakers.

When we say that auto loans of Sberbank are issued for used vehicles, then there are certain restrictions. So, for example, the age of domestic products, as well as the Chinese car industry can not exceed 5 years. Motor transport of all other species can be 6, 8, and 10 years old "offspring".

If you are interested in this loan from Sberbank, then for registration it is necessary, first of all, to meet certain requirements:

• Be a Russian citizen no younger than the 21st, but not older than 75 years (the upper limit means that by this time the loan must be repaid in full);
• have a temporary but better permanent registration in the region where it is planned to receive the funds needed to purchase the car;
• not have in the past violations of the repayment schedule;
• work and have a relevant professional experience;
• be ready to confirm your official income, the amount of which will allow using borrowed funds.

Separately, I would like to note such a requirement as the possibility of making an initial contribution. It is a kind of confirmation of the seriousness of your intentions. Ideally, you need at least 30% of the cost of the selected vehicle.

Undoubtedly, the mentioned banking organization is engaged in monitoring the market of loans issued for the purchase of cars. This is necessary to offer customers as flexible as possible. For example, many players of the credit and financial market did not take into account alternative sources of income for their clients. However, at some point they were faced with the fact that the number of borrowers, whose official income is enough to obtain a loan, fell sharply. Naturally, it was necessary to look for ways to solve this problem. And today, under the conditions of the program, this can not be seen, but during the oral consultation the manager reports that all incomes received by potential borrowers should be taken into account.

On interest rate and future

The interest rate, which is characterized by auto loans of Sberbank, depends on the terms for which they are drawn up. For example, ruble rates are 14.5%, 15.5% and 16% per annum for cases where the loan period is a year or less, from one year to three and more than three years, respectively.

It should also be noted that Sberbank's auto loans are issued to certain categories of customers at a reduced interest rate. Citizens who receive a salary, pension or social benefits through the card of this institution can count on reducing the base rate by one point. It seems to be a bit, but extremely nice.

In conclusion, I would like to note the following: it is best if the mortgage of Sberbank is made in the same office where you took a loan to buy a car. First, you can count on a loyal attitude on his part. Secondly, you may be offered special conditions of service.