Car loan what percentage. Which car loan is more profitable: where to get it. Minimum interest rate

Today they are in the range from 12.5 to 28.9% per annum in rubles. You just need to understand that the bank's interest rate may depend on several factors at once. IN different banks the average can vary greatly.

Factors affecting the interest rate on a car loan.

• Seasonal factor: traditionally, demand for cars rises in spring and autumn every year, as well as seasonal offers from specific banks, which may include all sorts of bonuses and "goodies" at.
• State program: this opportunity is very attractive for people who decide to buy a domestic or imported car, which is assembled in Russia. This is the so - called state subsidy program .
• Car loan term: the interest rate also depends on the term - the shorter the term, the lower the rate.
• Age of Car: If you decide to get a brand new car from a car dealership, then you can expect the lowest interest on a car loan, compared to buying a used car.
• Income: there are cases when documentary evidence of the borrower's official income in the form 2-NDFL is not required. In this case, the car loan rate will be higher - the bank is thus reinsured against increased risks.

Interest rates on car loans in banks

So, how can you get the cheapest car loan and what does the rate depend on?

1. Rates for all banks are more favorable than for car loans in foreign currency;
2. Loyal and payroll clients can always count on the minimum bid on a car loan taken from “your” bank (regardless of the loan currency);
3. Most low rates operate on car loans within the framework of affiliate programs with dealers;
4. The highest rates are for express car loans. This pattern is the same for all banks, regardless of their size and policy: high level confidence in the borrower entails a risk for the bank, which is covered by high interest rates;
5. There are several who are ready to issue a "risk" loan to buy a car from a private individual. Such a car loan will cost 24-29% per annum against the "standard" 12.5 - 15% (for a purchase at a car dealership) from the same bank;
6. A borrower who does not want to, the bank will “punish” with a higher car loan rate;

The final bet amount depends on the following parameters:

• size down payment;
• credit term;
• credit amount;
• age vehicle(new car or used);
• the volume of documents submitted (an express car loan for two documents will cost much more than usual).
• Of course, also will be taken into account.

Buying a car involves serious costs and the need to have personal savings. With the help of a car loan with a low interest rate, many Russian citizens decided to purchase a vehicle without waiting until the amount of savings reaches the required value. A car loan is a common service provided by most major banks throughout Russia. Car loans, along with mortgages and consumer credit, is one of the most popular types of loans.

Characteristic features of a car loan

Interest rates on car loans can vary significantly in different organizations, which requires careful study of the issue on the eve of the transaction.

In order to attract new customers, each credit institution develops new current offers on crediting the purchase of a car, providing additional options and bonuses. Sometimes offers differ quite significantly from each other, and the initially offered interest rate upon verification means the inclusion of additional costs leading to a serious increase in the cost of the final purchase. You should carefully study the offers and details of registration before choosing one or another credit institution.

The offers of banks largely depend on the conditions for buying a car, participation in voluntary insurance, the borrower's ability to confirm his earnings and the amount of income itself. The latter fact significantly limits the limit that is set by the financial institution for the purchase.

When choosing a loan program, the borrower proceeds from a variety of indicators. In order to pick best option lending, you should pay attention to the various parameters of the car loan.

Annual rate

The final overpayment on the loan directly depends on how low the interest is offered by the bank. The lower the percentage, the lower the overpayment. Many institutions, seeking to increase volumes retail lending, issue loans at low interest rates, trying to compensate for lost profits in another way.

The amount of the first installment

It is far from always possible to find a motorist who has on hand an amount that can be used to make a down payment. At the same time, the lack of start-up capital significantly limits the offers of banks, and interest on existing ones becomes maximum. Providing a loan to purchase motor vehicle, the banking structure must be sure that credit line will be repaid, and the funds will be returned to the bank account by the required date and with accrued interest.

The non-participation of the client in financing the purchase at the initial stage forces the bank to charge higher interest rates due to the high degree of risk. Conversely, the readiness of a citizen to deposit a significant amount proves his serious intentions to buy and pay off the debt, and, in addition, confirms his solvency and solvency.

Types of vehicles for obtaining a car loan

Each financial institution has its own credit policy for car loans. Some banks specialize in domestic cars, while others limit offers to new cars only. Car loans for used vehicles are presented very narrowly - only a small list credit institutions allow you to buy a used car. As a rule, banks allow you to get a loan for cars that are sold by car dealerships. Buying a car from your hands for borrowed funds will not work.

car insurance

It's no secret that banks, when discussing the terms of issuing funds, insist on insurance coverage. The fact is that you can take a car loan only if you make a pledge, which is a car. In addition to Casco, the bank may insist on obtaining life and health insurance, and other additional insurance products. Otherwise, the loan rate increases or the borrower is completely denied the issuance of funds.

On the one side, insurance products lead to an increase in the final cost of the purchase, on the other hand, many motorists already use Casco as the best option for servicing a car, so this requirement will not be significant. In addition, the refusal of Casco entails an increase in the interest rate from the bank. The law does not allow commercial structures to impose on their customers Additional services and service, however, it will be difficult to prove that the loan was denied precisely on the basis of the hull refusal. Saving on insurance leads to an increase in the cost of the loan. You should carefully weigh the pros and cons before giving up on Casco.

Documentation package for directed lending

Recently, the procedure for obtaining a loan has become tougher - the bank needs additional guarantees for the return of funds in full and with interest. This entails a more complex approval process and high demands on the borrower. If earlier it was possible to issue, today such a condition practically does not occur. In addition, the minimum package of documents almost always entails high stakes on loan. One of important documents in addition to the passport and driving license, is a certificate of earnings issued by the last employer.

Participation in various programs

The state is trying to support domestic auto production, so for many years it has acted special program financing when buying domestic cars.

The promotions apply not only to Russian cars - many foreign-made car manufacturers cooperate with banks, offering discounts and bonuses, and also hold short-term promotions when buying a car using borrowed money. As a result financial institution may provide loans at a reduced interest rate or significant discounts on a vehicle.

Loan terms

Understand the many offers and choose the most suitable option help specialized Internet resources and. In addition to the interest rate on a car loan and the amount of the loan, the main parameters also include the maturity of the debt.

Depending on the length of the loan repayment period, all of them are divided into short-term (for a period not exceeding 36 months), medium-term (up to 60 months) and long-term (up to 8 years).

The final overpayment will depend on the number of payments and the duration of payments. The shorter the term, the lower the overpayment. The interest rate on a car loan with a short repayment period is usually lower.

Express lending also operates in the automotive market. The conditions of such offers require the presentation of a minimum of documents, and the term for consideration of the application is within a day. If you need a car urgently, you should be prepared for an increased interest rate on an express loan.

Car loan interest rates

Currently, a difficult situation has developed in the car market - a decrease in the solvency of the population has led to a revision of spending, the rejection of expensive cars and a complete rejection of buying a car on credit. On the other hand, the number of borrowers who owe the bank after making a purchase has increased significantly. Financial institutions have become stricter in lending. Complicating the issue is the need to compete for each new customer.

Factors affecting the rate

If you need to get a loan for the most favorable conditions, you need to know that the rate on car loans in banks can fluctuate throughout the year, and also depend on other indicators:

1. Seasonality. As a rule, demand for cars rises in spring and autumn. Banks develop special seasonal offers that stimulate demand and attract new borrowers.
2. Term. There is a direct relationship between the duration of lending and a low rate.
3. Rates on used cars are higher than on brand new cars. The reason lies in the fact that the car is issued as collateral for the entire loan term. Therefore, in case of refusal to pay the debt, the bank as a pledgee will be able to sell the car and pay off the accumulated debt with the proceeds. Since a used car costs less and is more difficult to sell, a financial institution needs to take into account various risks when entering into a loan agreement.
4. Income verification. If the borrower can prove official earnings, the bank can rely with greater certainty that the client is reliable and able to pay monthly installments. Accordingly, the interest rate on auto loans will be lower.

Offers of Russian banks for 2018

The following offers for the purchase of vehicles are currently in effect.

Buying a car is a rather expensive undertaking, so many prefer a special loan program car loan. This target view a loan in which the borrowed money can be used exclusively for the purchase of a car, moreover, that meets the requirements of the bank. Consider the question of whether a car loan is profitable and where it is best to get it, we will short review current banking offers.

Benefits of a car loan

If we look at the statistics, then the majority of happy car owners on Russian roads purchased their car with the help of car loans. And their choice in favor of investing in the purchase bank funds it is quite simple to explain: you get the coveted car now, and pay for it in small installments over a certain period of time.

The second advantage is that the borrower is able to make his loan profitable. After all, the bank itself determines the percentage for each client, and it depends on some circumstances: credit history, solvency, age. But the down payment plays a decisive role in this matter, the higher it is, the lower the percentage. Therefore, having a certain amount of their own savings, a motorist can afford to buy either a more expensive and prestigious car or save on interest.

disadvantages

Despite all the advantages of car loans, they have a number of disadvantages. The main one is that buying a car on credit significantly increases its cost, and this increase can reach 40-50%, depending on the percentage. And if you really want to get the most favorable lending conditions, then you will have to consider more than a dozen bank offers and spend a lot of time on it.

Another drawback is that the bank will oblige the borrower to insure the collateral, in this case a car under CASCO, which will cost him quite a lot, on average from 4 to 12% from the market value of the car. And Insurance companies are reluctant to insure used cars because it is pretty big risk, and this is unprofitable for car owners due to the fact that the cost of the policy will be slightly lower current price vehicle.

There is another significant drawback, the bank makes a sole decision on maximum amount loan for each borrower individually, if the level of earnings leaves much to be desired, then you can’t count on a good car loan, otherwise monthly payment exceed half of earnings, which is already unacceptable. Although banks also found a reasonable solution here - the borrower can attract a co-borrower if his earnings to buy a car are not enough.

Please note that banks, in addition to collateral insurance, require the borrower's life and health insurance, which is also carried out at the expense of the borrower and, accordingly, increases the cost of the loan.

Nevertheless, one cannot deny the fact that car loans are a popular product and many car enthusiasts are still actively using banking products. The higher the demand, the higher the supply, and, therefore, the tougher the competition, take profitable loan on a car is quite possible, consider where and how this can be done.

State subsidy program

Currently, some banks, their list will be given below, provide a car loan for the purchase of a new vehicle with state support. The essence of this program is that the state pays the bank part of the interest on a car loan, namely 2/3 of the refinancing rate. That is, 2/3 of the refinancing rate is deducted from the base rate, which today is 10%, or 6.67% (this is a deduction from the base interest) per year.

There are several essential conditions, first of all, you can only buy a new one a car which was not owned by individual. The second requirement is that the car must be domestically produced or foreign, but assembled on the territory of our country. Among other conditions: a minimum contribution of 20%, an amount of 1,150 thousand rubles, a maximum period of up to 3 years.

In which banks does the program work:

• UniCredit Bank;
• Setelem Bank;
• VTB 24;
• Tatfondbank;
• Globexbank.

A potential borrower can only go to the official websites of the bank, carefully study each offer, and, most importantly, analyze the requirements and leave an application there. If offers with state subsidies do not suit you, for example, the cost of the desired car exceeds the established threshold, then you need to study other offers and determine where it is more profitable to take a car loan, here are several banks and lending conditions.

Comparison of car loan rates in commercial banks with state subsidies

Offers of Russian banks

There are about 1,000 commercial banks in Russia, but not all of them are engaged in car loans. So, for example, recently Sberbank of Russia stopped the car loan program, although most borrowers prefer to cooperate with this bank. Let's consider in more detail which bank profitable car loan.

Please note that the choice of car brand is strictly limited, it must be assembled on the territory of the Russian Federation.

VTB 24

The Autostandard program in one of the largest banks in our country is designed for the purchase of any car, regardless of the manufacturer and year of manufacture. The base rate on a loan for the purchase of a new car of foreign and domestic production is 18%, if the borrower agrees to insure the life and health of the borrower for the entire loan period, the rate will be 16.9%, if it is refused, 20.9%. For the purchase of domestic and foreign cars with mileage, rates are higher by one point.

According to the terms of the loan, you can apply for a loan under this program for the purchase of a new or used car, and the rate for the purchase of a new foreign car is more favorable. By the way, on new car 20% down payment, and 30% for a car with mileage. And the last: terms of a maximum of 7 and 5 years.

Rosselzokhbank

If you are looking for the most profitable car loan, then you can find it at Rosselkhozbank. Let's consider the main conditions: the base rate for a targeted loan is 17.5%, which increases by 6 units if the borrower refuses personal insurance. Special conditions available for reliable customers, minus 2% of the base rate and minus 1% for recipients wages to a bank account.

Maximum loan amount up to 3 million rubles, term up to 60 months, minimum deposit 15%. CASCO insurance for the purchased car is mandatory.

Credit offer of VTB 24 bank

LocoBank

There are also favorable conditions for car loans, and the bank has several targeted programs, among them lending with state subsidies, as well as offers designed for the purchase of used cars. The interest rate ranges from 13.4% to 16.9%, depending on the chosen program.

Here you can also get a loan to buy a car without CASCO insurance, and according to this offer, the rate is from 16.9%, the amount of the down payment is 25%, the amount is up to 1,500,000 rubles. For other programs, the down payment starts from 20%, and the loan amount reaches 5 million rubles.

Please note that the bank announces the final rate on a car loan after reviewing the documents and assessing the solvency of the borrower.

Customer credit

You should definitely consider the option consumer lending. How profitable to buy a car on credit? Everything is quite simple here, you do not need a down payment, you can take a loan for the amount that you need. In addition, today banks are ready to provide an amount under the non-targeted lending program sufficient to purchase a new foreign-made car.

If we talk about interest rates, then they completely depend on the decision of the bank. If you are attractive in all respects to customers, then you will definitely be able to get a loan with a minimum rate of up to 15% per year. To do this, you need to be a paying customer with a positive credit history. It is advisable to contact the financial institution with which you have a positive experience of cooperation.

In addition, at this method shopping there are other benefits. Firstly, you do not need to overpay money for CASCO insurance. Secondly, your car after the purchase will not be the subject of collateral for the bank. There is only one downside if you need large sum, then you will have to attract co-borrowers or guarantors or provide collateral in the form of liquid assets, such as real estate.

If you have chosen this particular method, then first you should decide on the make and model of the desired car, determine it market value. Then send an application to several banks and wait for a response, if several creditors gave a positive answer, choose the one with more loyal conditions. After that, you can already look after your options and provide certificates to the bank for obtaining a loan. When the agreement with the bank is concluded and funds are credited to your account, you can purchase the desired car.

By the way, the decision of the bank to issue a loan is valid for at least a month, so do not rush to choose a car, you will have enough time left.

Buying a car on credit from an authorized dealer

The procedure for applying for a car loan at a bank is a rather troublesome procedure, because each bank has a list of requirements for the transaction process, so most potential buyers prefer to buy new cars or used cars through car dealerships. Here the purchase process is quite simple, you just need to choose a reliable salon, then choose a car there and make a purchase with the involvement of loan funds. But this purchase has a number of significant disadvantages. Firstly, car dealerships cooperate with banks, and it is he who decides whether to give you a loan or not. Secondly, here you will not be offered the most favorable rates.

Another question is if you buy a new car from an authorized dealer, that is, a representative of a particular brand on the market. In each region, you can find an official dealer of almost any well-known brand.

The conditions for providing an installment plan or a car loan for buying a car from an authorized dealer depend on the company's policy. In addition, these companies also cooperate with banks, since they themselves are not engaged in lending, which means that the rates largely depend on the lender you have chosen. Some dealers offer minimum rates, for example, from 4.5%, but this is nothing more than a marketing ploy to attract new customers, real rate will be at least 10-12%.

Which auto loan is more profitable for you, it is difficult to unambiguously determine. It makes sense to consider all options, because for some customers it actually makes more sense to take out a car loan, for example, if the borrower does not have a positive credit history. In any case, it is worth carefully studying the banking services market.

Many credit organizations and banks offer a loan to buy a car in Moscow. But among so many offers it is very difficult to quickly find the best way. If you need to buy a car in a short time with favorable credit conditions, then the search may be delayed. But on our site you can see everything best offers on car loans. You don’t even need to search for them yourself, since the resource will give all the results in a matter of seconds. The user only needs to enter some search criteria, after which he will see a list of companies lending on favorable terms.

Quick result

The section of the site is available to visitors around the clock. If you need to quickly find best loan, then here you can get a quick result. For this you need:

• Specify search criteria. To do this, in the fields of the section, select the necessary lines or specify the information yourself. It will take no more than 1 minute. For example, you can select the required percentage, etc. But in any case, a list of companies that offer Better conditions to buy a car on credit.
• Get the result as a list of banks and other organizations. All of them offer the best car loans at low interest rates.

The list is formed based on the criteria specified by the user himself. But the list contains offers for which the lowest interest rates or favorable conditions apply.

Maximum Information

A low interest rate is not all the benefits that organizations from the list in the site section offer. You can briefly see all the conditions for a car loan with us or go directly to the page credit institution, jar. There you can continue the design itself. Many companies issue funds for the purchase of a car on the day of application. We have all the information about the conditions for issuing money for cars, as well as the banks themselves.

Getting a loan for a car is possible within one day, if you do not waste time looking for a bank. It is enough to use the information in our section.

The question "Where to get a car loan under minimum percentage? requires careful study of bank offers. The organization should be selected in accordance with the conditions under which you want to receive a loan.

As you know, short-term loans are more profitable, that is, those taken for a period of less than 3 years. It is also important whether you take a new car or a used one, whether it is a commercial vehicle or special equipment, what is the amount of the initial payment, etc.

How to find the best offer?

First of all, you need to study interest rates banks. This is a significant indicator that determines how much, in addition to the cost of the car, you will give to the bank during the time you use the borrowed funds. The percentage should not be high: the lower it is, the more money You will save.

Do not lose sight of CASCO insurance. Although registration without insurance greatly facilitates the procedure for obtaining a loan, the bank is likely to take as an initial payment an amount that will be at least half the cost of the purchased car, and the loan period will not exceed two years.

Remember that personal insurance is not a prerequisite for obtaining a loan. You have every right to refuse it. If it was imposed on you, you can write a refusal even after signing the contract

Having found a bank where you can get a car loan at a minimum percentage on the most favorable terms, as you think, try to carefully weigh everything in order to completely eliminate doubts about the correctness of your choice. It can be very useful to select 2-3 options in different companies, and ask loan officers to make calculations indicating or PSK.

Why is this needed? If you compare at only one rate, then the assessment will not be complete. The overpayment consists of the system of accrual of payments, interest, term, additional costs which you may not take into account.

Preferential loan program with state support

Today, preferential car loans, which are implemented under the program, are very popular. state subsidies. Thanks to it, you can profitably purchase a new car of 2018 or 2019 release.

Basic conditions for lending:

• maximum loan amount - 1.45 million rubles;
• the term of the contract - no more than 3 years;
• minimum is not set.
• Of the additional advantages - the absence of commissions for the registration and issuance of an auto loan.

Assistance for the Russians will be provided this year too, for this you need to use the First Car and Family Car programs. By choosing one of them, you can get a 10% discount on the cost of your car. To do this, you must meet certain requirements that are listed.

Is there a state program at a reduced percentage now? No, it ended in 2017. However, many banks work with certain car manufacturers and offer partner loans at a minimum rate for the purchase of certain brands of cars.

Which banks offer the lowest interest rates?

There are many companies that are ready to offer you attractive car loans. Therefore, you need to read the conditions of their programs in detail in order to choose the most profitable ones.

Pay attention to the following suggestions:

1. — from 0% under the installment plan for residents of Crimea,
2. — rate from 3.2% per annum,
3. Rusfinance Bank - from 3.9%,
4. — from 3.9%,
5. Bank PSA Finance Rus - from 5%,
6. BMW Bank - from 7%,
7. — from 7.9%,
8. Solid Bank - from 8.99%,
9. — from 9.75%,
10. Chelyabinvestbank - from 9.9% per year.

Use our advanced calculator with the ability to build a payment schedule and calculate early repayment you can on this page.

As a rule, only a citizen of the Russian Federation aged 21-23 years old, with official earnings and work experience of at least 6 months can get a loan here. All companies have individual requirements for borrowers, it is better to clarify them directly at the branch.

Important: almost all the programs proposed above require an advance payment of at least 15-20%, and for used cars this figure can reach 30-40% of the cost of the car. Can I get a car loan without a down payment? Yes, there are such offers, but they have an increased percentage, you can read about them

How to reduce the rate?

There are several ways to reduce interest. If there is already a bank inside the salon that is ready to issue a car loan, it is not at all necessary to make a deal with this institution. It is possible that you will find much better conditions at other banks.