Preferential car loan with state support - conditions and stages of obtaining in 2019 + list of cars under the program of preferential car loans

Good afternoon, dear readers of the financial magazine RichPro.ru! In this article we will talk about preferential car loans with state support, present a list of cars that fall under the preferential car loan program, and also talk about the conditions and stages of obtaining a car loan under the state program.

From this article you will learn:

• What is a state car loan and what tasks does the car loan subsidy program solve?
• What stages do you need to go through to get a preferential car loan in 2019;
• Where is it better to take a car loan with state support;
• Who can I contact for help in obtaining a car loan under the state program.

At the end of the article we will answer the most popular questions regarding car loans with state support.

The presented publication should be studied by everyone who has decided to purchase a vehicle on credit. Even if you do not plan to get a preferential loan for a car, it is always useful to find out how you can save on a purchase. Therefore, do not waste time, start reading right now!

About what is a car loan with state support, where to find a list of cars that can be purchased under the program of preferential car loans, what are the conditions and stages of obtaining a state car loan - read this article!

1. Car loan with state support (under the state program) - purchase of a vehicle on preferential terms 🚙

It was assumed that benefits for the purchase of cars will be canceled. However, the government decided to extend them. for 2019 (until 2020). Moreover, car loan conditions have become more attractive.

Now anyone who wantshas the right to purchase a vehicle on preferential terms (that is, at a reduced interest rate) It is enough that the solvency and other characteristics of the borrower meet the requirements of credit organizations.

Before proceeding to a detailed study of issues of concessional lending, you should familiarize yourself with its definition.

So, state subsidies for car loans represent the financial assistance of the Government, as well as the Ministry of Industry, which they provide to buyers and manufacturers of vehicles. Her goal is development of the domestic automobile industry.

To the delight of those wishing to purchase a car on the terms of preferential car loans, the program was not only extended, its conditions became much better. Today, the cost of cars that can be purchased as part of soft loans has been increased. The updated program is valid. from May 19, 2017.

In general, government car loans in Russia introduced at 2009 year. During this time, the system has undergone quite a few ups and downs. Lending programs during this time were different, but their essence did not change.

In accordance with the terms of soft loans for the purchase of automobiles, the state pays a part of the interest rate for the borrower. Today the maximum subsidy is 6,7 %. As a result, the bank does not lose profits, but receives part of the budget, part of the borrower.

Conditions for obtaining a car loan with state support in 2019

There are several basic conditions for car loans with state support:

1. The maximum cost of the car, purchased on a subsidized basis, today is 1,500,000 rubles. Initially, this amount was 750 000 rubles, then rose to 1 450 000 rubles.
2. Starting rate for car loans should not exceed 18% per annum
3. Maximum term car loan is not more 3 years.
4. An initial fee today is not a prerequisite. Its availability and size are set in accordance with the program of the bank. Before making changes, the presence of such a payment was mandatory, it was set at 20% cost of the purchased car.
5. The purchased vehicle is pledged. It turns out that until the loan is fully repaid, the car acts as collateral under the state car loan program. Title all this time will be stored in a credit institution.
6. Car loans can be issued on preferential terms only on certain brands of cars. Under the terms of subsidies, you can purchase the following brands of cars assembled in Russia: VAZ, Kia, Volkswagen, Peugeot, Hyundai, Renault and others.
7. State car loans are not issued for used cars.The subsidy can be issued only for unregistered vehicles whose age does not exceed 1 of the year.
8. Vehicle weight should not exceed 3.5 tons.

When deciding to take advantage of a preferential car loan, it should be understood that in this case the subsidy is not issued in cash to anyone. Compensation is exclusively loan interest rate reduction. In addition, benefits have been developed for obtaining a CASCO insurance policy.

Good news in preferential car loans in 2017 became increase in loan amount. Thanks to this, the list of foreign cars of the Russian assembly for which subsidies can be received has expanded significantly. Now, under state programs, you can buy not only low-cost vehicles, but also quite expensive SUVs.

Those wishing to familiarize themselves with the full list of cars, just visit official site of state car loans. But it should be remembered that each bank has the right to limit the list of cars it credits.

It is planned that in 2019 the government will allocate more to finance soft loans10 billion rubles. These funds are enough to buy about 37,000 cars (at maximum cost). For our vast country, this is not so much. Therefore, it’s not worth doubting and thinking for a long time, can be late. If you wish, you should proceed to register a preferential car loan now!

In general, those who plan to apply for a car loan this year should consider using a state car loan. Professionals believe that the program can be stopped at any time. This is exactly what happened with state support for mortgages.

Obvious advantage car loan subsidies is a significant reduction in the cost of citizens interest on the loan. Thus, the Russians can solve the problems with the purchase of a car with the help of the state.

With state car loans in plus (+) are all:

• citizens buy the vehicles they need;
• bank receives the planned income (part from the buyer, part from the state);
• in the domestic automobile industry sales of manufactured products increase;
• in the state activity is growing in several sectors at once - financial, as well as in the automotive industry.

However, despite the undeniable advantages, state car loans have several disadvantages:

• as with other types of car loans, until the car is fully repaid, the car will be pledged to the bank;
• the processing time is longer than that of traditional loans;
• the requirements for the borrower are tightened; pensioners and youth will not be able to get a preferential car loan.

Residents of all megacities in large Russian banks have access to subsidies. In addition, each credit institution develops its own conditions.

But there is a general rule for all banks - the more evidence of solvency the borrower manages to provide, the lower the interest rate.

However, the bid is affected not only by the number of documents submitted.

The cost of a car loan also depends on the following indicators:

• down payment amount;
• obligation to issue a CASCO policy;
• the presence of additional security (guarantors or collateral).

In one of the articles of our magazine you can read about where and how to get a car loan without down payment, CASCO insurance, income statements and guarantors for new or used car.

2. What are the functions of the program of preferential car loans - 3 main tasks of the state program of subsidizing car loans

Subsidizing for the purchase of cars is a very useful state program. It performs a number of important tasks, the main ones are described below.

Task 1. Support the domestic automobile industry

Under preferential car loan programs, you can buy both foreign and domestic cars assembled in Russia.

In addition to vehicles coming off the VAZ conveyor, the list of possible for purchase includes a significant number of foreign cars. Thanks to subsidies, the demand for such cars is growing.

Task 2. Help citizens with car loans.

Preferential car loans involve the compensation of part of the interest on a loan issued for the purchase of a car.

Maximum amount of subsidy calculated as 2/3 refinancing rates, which is installed at the time of the car loan. For any borrower, such a difference in rate means huge savings.

Task 3. Increase activity in the Russian automotive market

Car loan subsidy program has led to a difficult financial market for loans 2016 year managed to grow.

On preferential loans for vehicles for 9 months last year was acquired approximately 215 000 cars. This amount is about 2/3 all cars purchased with a car loan.

Experts believe that the closure of the subsidy program will lead to a decrease in activity both in the financial market and in car sales. It is assumed that the number of car loans issued will decrease 2 times. Most likely, that is why the government decided to extend the program until 2020.

If the government stops subsidizing car loans, the demand for cars made in Russia will decrease significantly. As a result, production in the automotive industry will fall, which will ultimately lead to significant decline Russian economy. Naturally, such a prospect does not suit the domestic government.

A thorough analysis of the tasks of preferential car loans makes it possible to understand that this program is beneficial for all parties to the transaction. It brings advantages to banks, industry, Russian citizens and the state as a whole.

6 stages of obtaining a car loan with state support + list of cars under the program of preferential car loans

3. How to get a preferential car loan with state support in 2019 - stages and conditions for obtaining + list of cars

Getting benefits is always difficult. No exception and subsidies for car loans. Making a state loan is more difficult than a traditional one.

It is useful for those wishing to receive benefits to familiarize themselves with the following step by step instructions.

Stage 1. Choosing a vehicle

Those who have clearly decided that they want to buy a car with a preferential car loan should choose a car assembled in Russia. In this case, one should not forget about the restrictions imposed on the cost of the vehicle, as well as the year of its release.

List of cars under the program of preferential car loans

Each bank makes its own list of cars for which it agrees to provide a loan.

Among the most popular brands, experts distinguish the following:

• Lada (Vesta, Priora and other models);
• Some configuration Nissan Almera;
• Ford Focus;
• Chevrolet Cobalt;
• Hyundai Solaris;
• Peugeot
• Renault Logan;

A full list of cars that can be purchased with a subsidy is available at official online portal of the state lending program.

The main condition for cars is the Russian assembly.

Stage 2. Choosing a credit institution and comparing the conditions of car loans

A fairly large number of credit organizations participate in the state car loan program. To choose the best bank, you should study and compare the maximum number of suitable programs.

When choosing it is important to carefully study the following characteristics of the lender:

• rate and other conditions of car loans;
• how long the bank has been in the market;
• convenience of location of offices;
• ratings of rating agencies;
• reviews of customers who previously used car loans in the organization in question.

To reduce the time of analysis of the conditions of car loans, it is worth using special internet services. Such resources allow you to select all creditors that match the specified characteristics.

Stage 3. Filing an application and preparing a package of documents

Borrowers must meet the requirements of credit organizations for customers issuing a preferential car loan.

Conditions for obtaining a preferential car loan

Traditionally, the applicant must meet the following parameters:

• age in the range21- 60years;
• citizenship of the Russian Federation;
• permanent registration in the region of loan processing;
• seniority in the last place of work not less six monthsgeneral - from 5 years.

Some lenders mitigate the described conditions of a car loan. Most often they extend the maximum age and reduce the required length of service.

To apply for a preferential car loan, you usually need:

1. passport;
2. second identity document;
3. copy of the work book;
4. certificate of income.

Some banks additionally require:

• written consent of the spouses for a loan;
• information about property owned by a potential borrower;
• confirmation of additional income.

Today, you can submit an application not only by visiting the bank’s office, but also remotely - on the website of a credit institution. Read how to apply online for a car loan in a separate article in our magazine.

The decision-making time in each credit institution is different. Sometimes an answer is given within a few hours, sometimes in a few days.

It’s important to consider that when applying online, the bank’s decision will be preliminary. To get a final answer, you have to come to the bank office with a package of documents.

Stage 4. Conclusion of a loan agreement and registration of collateral

Everyone has heard repeatedly, but repeating it will be useful. In no case should you sign a loan agreement without carefully studying it. Not always bank employees tell about all the nuances of the loan, but all the information is contained in the agreement.

When studying the contract, special attention should be paid to the following points:

1. ways to make monthly payments - ideally, the client should be offered several options, including payment via the Internet;
2. the presence of various additional payments - fees for issuing a loan, servicing an account and other operations;
3. whether full and partial prepayment is allowed, if so, on what conditions is it carried out;
4. size of the real bet;
5. rights and obligations, both a credit institution and the borrower himself.

For the independent calculation of monthly payments and interest on the loan, we suggest using the loan calculator online:

When the loan agreement is signed, it remains to conclude sales agreementpay an initial fee and register a car in the traffic police. After this procedure, the TCP is pledged to the credit institution. The burden is removed only after the full repayment of the loan.

Stage 5. Insurance

Register the purchased car without insurance policy will fail.

Moreover, when buying a vehicle for borrowed money, you will have to arrange CASCO insurance. In some cases, it is not necessary to pay in cash. The cost of the policy may be included in the amount of the loan being issued.

Stage 6. Car loan repayment

When the loan is completed, it will remain timely to make monthly payments. The car will be in the use of the borrower, but in collateral with the bank. This means that the borrower will not be able to sell, exchange or perform other actions at his sole discretion with him.

The burden will be lifted only after making the last payment. Then, to obtain the TCP, the borrower will need to contact the lender.

Anyone using the above instructions will issue a state car loan without any problems.

4. Where is it better to take a state car loan - TOP-3 banks with low interest rates on car loans

When applying for car loans, the most important step is the right choice of bank. The further comfort of servicing the loan largely depends on him.

A large number of banks leads to the fact that their comparison requires a lot of time. To avoid this, you can use the ratings that make up the professionals. Below are presented banks with the most favorable conditions for car loans with state subsidies.

1) UniCredit Bank

They give out a car loan with state support for the purchase of vehicles assembled in Russia, both domestic and foreign brands. There are several options for obtaining a soft loan for the purchase of a car.

When applying for express loan the bank gives an answer for half an hour, for standard loans decisions will have to wait 1-2 of the day. Moreover, the rate depends on the program, its minimum size is 8,67% per annum

2) Sovcombank

The line of loans in Sovcombank is represented by a huge number of programs. For car loans with state support, a rate of 9,58% per annum The maximum amount that can be obtained on such a loan is 920 000 rubles. The bank will require a refund of the maximum for 36 months.

Sovcombank offers to receive a preferential car loan without confirming the amount of income received. However, in this case, the rate will be higher. Another advantage of the credit institution in question is to increase the maximum age of the borrower before 85 years.

3) Credit Europe Bank

Here you can get a preferential car loan in the amount of up to 1,150,000 rubles. The rate for this program is set at 8,53%. The maximum term for such a loan is set at 3 years.

You can place an application on the bank's website. It is also possible to get advice free of charge by telephone or online.

In order to more easily compare the considered conditions, the main characteristics of the programs are shown in the table.

Comparison table of banks and their conditions of car loans:

5. Why a bank may refuse to issue a preferential (state) car loan - 5 most popular reasons 📛

The Bank is not obliged to issue preferential car loans to all who apply for them. The credit institution independently makes a decision on each individual application. Often a borrower gets renouncement. At the same time, the credit institution usually does not voice the reason for such a decision. We wrote about how and where to get a loan without failure in a previous article.

Those who plan to apply for a preferential car loan, it is useful to familiarize yourself with a list of the main circumstances that may lead to failure.

5 main reasons why banks may refuse car loans under the state program

Reason 1. Bad Credit

This is the only reason that is unlikely to be fixed. In order for the bank to be more loyal to the borrower, it is necessary to pay off all delinquencies and close existing loans in advance.

It's important to know! If it is impossible to fix problems with credit standing, it is worth considering the possibility of obtaining a car loan for a spouse. The bank only checks the credit history of the applicant, not his relatives.

There is a separate article on our website where and how to get a loan with bad credit history and open arrears - we recommend reading it.

Reason 2. A car is more expensive than the rules

In accordance with the car loan subsidy program, the purchased vehicle should not cost more than 1,450,000 rubles. If this rule is violated, the grant will be refused.

Reason 3. The age of the vehicle exceeds one year or the car has already been registered

A preferential car loan cannot be used to purchase used cars, as well as those that over 1 of the year.

Therefore, you should choose only those vehicles that have not yet been registered. Moreover, it is important to pay attention to the year of manufacture of the car.

Reason 4. The car weighs more than 3.5 tons

Using the subsidy, it’s not possible to buy a car whose mass is exceeds 3.5 tons. You have to look for easier options.

Reason 5. The borrower wants to purchase a foreign car assembled abroad

The main goal of the state car loan is to support the domestic automobile industry. Therefore, the restriction applies - the vehicle purchased under the program must be assembled in Russia.

In this way, with the exception of credit history, you can eliminate all the main reasons for rejection of applications for preferential car loans. Ideally, in order not to lose time, it is better not to allow them at the very beginning.

Professional assistance in obtaining a car loan with state subsidies

6. Who provides assistance in obtaining a car loan with state support?

There are frequent situations when a citizen tries to get a car loan, but he is refused everywhere. The constant question arises - really have to abandon the purchase of a car using subsidies?

In fact, there are assistants in the financial market who can significantly increase the chance of getting a car loan with state support.

There are several categories of intermediary companies:

1. Credit brokers represent financial intermediaries between a credit institution and a borrower. For a fee, they help get a state car loan. Brokers cannot guarantee that an application for a loan with a subsidy will be approved, but contacting such companies can significantly increase the likelihood of a positive decision. Moreover, loan brokers help get a state car loan on the most favorable terms.
2. Financial advisors also act as intermediaries in the market of preferential car loans. Such companies differ from brokers in a wider range of services. They not only help to issue a state car loan, but also make up financial planas well as give advice about ways to get additional income, bringing the family budget in order.
3. Financial Supermarkets are having full range of financial services. On one site you can select and compare government car loans, deposits, insurance from a huge number of companies.

Many doubt whether credit assistants will bring tangible benefits. In fact, it is worth contacting those who do not have enough knowledge in the field of finance.

Brokers and consultants help to understand all the intricacies of preferential car loans, focus the attention of borrowers on the most important points in the loan agreement.

The main services provided by financial assistants are:

• search for a suitable credit institution;
• selection of the optimal loan program with state support;
• assistance in filling out an application for a preferential car loan;
• preliminary calculation of all parameters of the loan planned for receiving;
• studying a loan agreement;
• refinancing of a preferential car loan.

Moreover, intermediaries help save money when applying for a state car loan. Often such companies are partners of specific banks. As a result, when applying to a credit institution through a broker or consultant, the borrower can count on a lower percentage and cancellation of some fees.

Important to understand that getting help in obtaining a soft loan will not work for free. Most often, payment of the services of a loan broker is set as a percentage of the loan amount, less often the amount of commission is strictly fixed.

Borrowers must remember that only financial assistants are charged after loan processing. Any prepayment requirements may be signs. fraud. A loan broker, even after refusing to issue a car loan, does not end cooperation with the borrower, but continues to search for a suitable option for him.

7. Frequently Asked Questions (FAQ) for the program of preferential car loans

Not many people in every detail know about the possibility of obtaining a soft loan for the purchase of a car. As a result, the desire to issue a state car loan often leads to a large number of questions. Today we will try to answer the most popular of them.

Question 1. How to get a preferential car loan at the minimum (lowest) percentage?

Most often, banks indicate the minimum rate for lending programs. The final percentage is set individually for each borrower.

It acts main rule - the higher the risk of non-repayment of funds issued by a credit institution, the higher the loan rate. Therefore, at the time of application, it is important to do everything to convince the bank of its own solvency.

To get the lowest rate on a preferential car loan, the borrower should:

• have a permanent residence permit at the location of the bank office;
• confirm the availability of official employment;
• have at least the last established work experience;
• collect the maximum number of documents confirming solvency - income statements, evidence of ownership of property, bank statements;
• have a clean credit history.

Absolutely all banks when considering submitted applications pay attention to the characteristics described above. The larger the potential borrower corresponds to, the greater the chances of getting a preferential car loan at the lowest rate.

In addition, regular customers, as well as those who receive wages on cards issued by this credit institution, can receive a minimum percentage in many banks.

Question 2. How to choose the cheapest car loan?

Choose the cheapest car loan at a low percentage

To choose the cheapest car loan, you have to compare the offers of a large number of banks. It is important to pay attention to preferential programs.

Important! Government subsidies allow the borrower to significantly reduce overpay due to a significant reduction in interest rates. True, in this case, the choice of cars is quite limited, because you can only purchase new vehicles assembled in Russia.

Those who are not able to independently browse a large number of sites, studying the offers of different banks, should visit special internet resources. They collected together the conditions of loans for the purchase of a car from all credit organizations. It is enough to set the necessary characteristics and the service itself will select the appropriate options.

Another effective way to find a suitable bank for obtaining a preferential car loan is contact brokers. These companies will not only find the best program, but will also help to understand all the intricacies, explore the nuances of the loan agreement.

Question 3. What are the conditions of a car loan for senior citizens?

Today, not only citizens of working age, but also pensioners can buy a car on conditions of soft loans. An important condition is the applicant must be no more than 75 years.

Example. Consider car loans for senior citizens on the example of programs Sberbank and Russian Agricultural Bank.

For this category of citizens, Sberbank offers 2 options for obtaining a loan to buy a car: from guarantors and without. In the second case, the age limit is reduced - the borrower should be no more than 65 years.

In addition to age, the most important characteristic of the borrower is credit history quality. The reputation of a potential borrower should not be tainted by past due and non-payment of loans.

The main conditions for car loans for pensioners in two organizations are presented in the table.

Comparison table for car loans for pensioners in Sberbank and Russian Agricultural Bank:

Another important criterion for approval of a car loan application submitted by a pensioner is sufficient solvency level. This means that pensions should be sufficient to pay a monthly payment and provide for their own needs. Or a pensioner must additionally have a salary (income).

To apply for a car loan, a pensioner will need to prepare the following package of documents:

1. passport;
2. pensioner's ID;
3. certificates from the Pension Fund on registration and the amount of the received pension;
4. in the presence of additional income, a document confirming them.

For pensioners who receive monthly payments on a Sberbank card, in order to obtain a car loan in this organization, it is enough to present passport. In this case, a loan is issued quickly enough - you can often get money during 2 hours.

8. Conclusion + video on the topic

A preferential car loan is a real help to the state for those who wish to purchase a car. Subsidies allow borrowers to significantly reduce the level of overpayment and get the desired vehicle on more favorable terms.

Any citizen has the right to receive a car loan with state support. It is enough to comply with the requirements of the bank and apply.

In conclusion, we recommend watching a video about preferential car loans with state support:

That’s all with us. The team of Rich Pro magazine hopes that this article helped you learn more about preferential car loans and the conditions for obtaining a car loan with state support. We wish you to achieve your goals with maximum financial benefit!

If you still have questions about the topic of publication, then ask them in the comments below. We will also be very grateful if you rate our material and share your ideas, comments on this topic. See you soon!

Watch the video: How to buy a used car in 2019 (April 2024).