Which cars are eligible for a loan. Auto loan with state support for new cars

State car loan program with Rusfinance Bank

Programs "First Car" And "Family car"

How it works:
The cost of the car for the client is reduced by a discount of 1 from the State.

• the client chooses a car and the loan program "First Car" or "Family Car";
• the value of the car declared by the dealer is not more than 1,000,000 rubles;
• due to a subsidy from the state in the amount of 10% to 25% of the cost of a car, the client purchases a car at a discount and draws up a loan for it. 1

Program "The first car"

This unforgettable feeling when a childhood dream can become a reality is familiar to all of us! Are you planning to become a car owner for the first time? Start your journey with the First Car program!

• you have never owned a car before;
• you have not entered into and do not plan to enter into other loan agreements for the purchase of a car.

Benefits of the program:

Family car program

A big family is a true value! We share this opinion and turn it into an advantage. Enjoy all the benefits of the Family Car program. You'll like it!

The program is right for you if:

• you have a large family, have two or more minor children;
• you have a driver's license;
• you choose a car worth up to 1,000,000 rubles in 2019 or 2020;
• you have not concluded, since 2019, and do not plan to conclude in 2020, other loan agreements for the purchase of a car.

Benefits of the program:

Discount from 10% to 25% of the cost of the car due to state subsidies;

It is possible to obtain a loan for up to 7 years.

Requirements for the borrower:

• the presence of a passport of a citizen of the Russian Federation;
• possession of a driver's license;
• the obligation not to enter into other loan agreements for the purchase of a car in 2020;
• previous lack of ownership of a car (for the First Car program);
• the absence of other loan agreements for the purchase of a car before (for the First Car program);
• the presence of two or more minor children (for the Family Car program);
• the absence in 2019-2020 of other loan agreements for the purchase of a car (for the Family Car program).

Lending terms:

• the car is purchased no earlier than January 01, 2020 in a constituent entity of the Russian Federation;
• the state program applies to cars of 2019 and 2020 of release 2;
• the maximum cost of the car is 1,000,000 rubles;
• maximum vehicle weight - no more than 3.5 tons;
• the loan is provided in rubles for a period of 12, 24, 36, 48, 60, 72, 84 months;
• the minimum loan amount is 50,000 rubles;
• there is no one-time commission for issuing a loan;
• monthly commission - 0%;
• early repayment of the loan without penalties and commissions;

The car loan program with state support was officially extended for 2017. It seems that such loans have not ceased to be issued since the beginning of the year, but this was documented only now.

Now you can get a preferential car loan for more expensive Russian-made cars without a down payment. The new conditions will be effective from May 19, 2017.

For those who support 🚗 domestic manufacturer

What is government support?

This program has been running since 2015. According to it, the state gives subsidies to banks: it returns part of the interest rate on car loans. Banks reduce the rate for car buyers, but do not lose profits. And buyers receive a loan at a preferential rate and save on interest.

Ekaterina Miroshkina

economist

In 2017, under the state support program, banks are compensated for a maximum of 6.7 percentage points. If the average rate on car loans is 17%, then with state support it will be about 10%.

What are the conditions for state-supported car loans now?

The conditions are:

• credit in rubles for a new car assembled in Russia. For example, at a reduced rate, you can buy Lada and some models of Kia, Renault, Volkswagen, Nissan, Hyundai;
• price - up to 1.45 million rubles;
• the borrower is an individual;
• loan term - no more than 36 months;
• the initial rate on the loan - no more than 18%;
• no down payment required. But this is at the discretion of the dealer and the bank. There is no such condition in the program now, but before it was required to contribute at least 20%;
• gross vehicle weight - no more than 3.5 tons;
• the car is pledged to the bank.

If the conditions are met, the bank issues a loan at a reduced rate. You cannot receive compensation in cash. The state does not issue money in cash, does not return anything and does not pay extra to borrowers directly.

I want to buy a car on credit with state support. What should I do?

Choose a Russian-made car. Find out from the dealer in your city which banks he works with on state support. Apply to the bank. If it is approved, the car will cost you much less than on general terms.

Be aware of the price limit. For example, Kia Serato can be borrowed at a reduced rate, but Kia Sorento cannot.

Information about the conditions of state support and loan calculators is available on the websites of manufacturers and dealers. But while there may be conditions from last year that no longer apply.

There are some other special car loans, when part of the car price is not included in the payments.

Manufacturers have such programs with a fixed residual value, but this is not state support. You can get a loan not for the entire car, but for 60% of its value. If you additionally use a preferential rate, monthly payments can be halved.

In three years, 40-45% of the price of the car will remain to be repaid. And then you can do this with it:

• change to a new one with a surcharge;
• pay off a debt;
• pay off the debt and keep;
• extend the loan for another two years.

Check with dealers for specific conditions and residual value.

Will the program be extended for next year?

Even the government does not know this. In 2017, with state support, it will be possible to buy 350,000 cars. 10 billion rubles were allocated for these purposes.

How much money will remain in a month or six months and how many loans the state subsidizes by that time, they are unlikely to tell us. No one guarantees that the money will not suddenly run out and the program will not be stopped without warning.

Last year, by Decree of the Government of the Russian Federation No. 870 dated July 26, 2018, the State program of preferential car loans was officially extended until 2020, so you can also use a preferential car loan secured by state subsidies for the purchase of cars in the form of a 10% discount from the original cost in 2019. This car loan subsidy program has been operating in Russia for almost 5 years and a total of about 15 billion rubles have been allocated for it. The main goal of this program is to support consumer demand for vehicles manufactured by the domestic automotive industry, as well as foreign automakers who have built their own automobile plants in Russia.

Every year, more than 5 billion rubles are allocated from the federal budget to ensure and implement the preferential state program. The state program of preferential car loans contributed to the growth of consumer activity in the Russian car markets, making it possible to sell more than 45,000 cars in Russia, more than 5,000 of which were sold in the Far East.

Conditions for a car loan under the state subsidy program

The state program of preferential car loans operates under certain conditions:

• The cost of the car is not higher than 1,450,000 rubles.
• The mass of the car is not more than 3.5 tons.
• The term of repayment of a car loan is not more than 3 years.
• The initial deposit is NOT mandatory from 2019.
• The car is not registered and was not owned by any individual.
• No more than 12 months must pass from the moment of issue to the execution of the contract of sale.
• The car must be assembled on the territory of the Russian Federation.

The state lending program involves the provision by the bank of a discount on the down payment on a loan in the amount of 10% of the cost of the purchased car, followed by reimbursement of costs from the federal budget (the discount has been increased to 25% of the cost of the purchased car in the Far Eastern Federal District for the state programs "First Car" and " family car). The purchased vehicle acts as collateral.

In 2019, the state program of preferential lending allows you to purchase a car of both Russian and foreign brands assembled in the Russian Federation, such conditions include more than 50 models of various brands

List of cars under the program of state support for car loans

• LADA (Vesta, Xray, Kalina, Grant, Largus, Lada 4×4).
• UAZ (Patriot, Hunter, Pickup).
• Citroen C4 sedan.
• Datsun (mi-do, on-do).
• Ford (Focus, Mondeo, Kuga, EcoSport, Fiesta).
• Hyundai (Solaris, Elantra, i40, Tucson, Creta).
• KIA (Rio, Ceed, Ceed SW, Cerato, Optima, Picanto, Soul, Sportage).
• Mazda (3, 6, CX-5).
• Mitsubishi Outlander.
• Nissan (Almera, Terrano, Qashqai, Sentra).
• Peugeot 408 Renault (Duster, Kaptur, Logan, Sandero, Sandero Stepway).
• ssangyong actyon.
• Skoda (Superb, Rapid, Octavia, Octavia Combi, Yeti).
• Toyota (Camry, RAV4).
• Volkswagen (Polo, Jetta).
• Brilliance (H230, H530, V5).
• Chery Tiggo (5, FL).
• Geely Emgrand (7, GT, X7).
• Hawtai Boliger.
• Lifan (Smily, Solano, X50, X60).

Please note that this is an incomplete list, other cars that meet the conditions of the state program for preferential lending in terms of price, weight, etc. may also be included in it.

Who can buy a car on credit under the preferential car loan program

Today, every citizen of the Russian Federation, from 21 to 65 years old, can become a member of the state subsidy loan program. What is needed for this:

• Russian passport, with a mark of registration in the area where it is planned to draw up a contract for the purchase of a car;
• A second identity document (for example, a driver's license);
• Help 2-NDFL for the last three months of work. At the same time, the length of service must be at least 1 year;
• A copy of the employment contract;
• Copy of work book.

The list can be supplemented with other items - each bank puts forward its own conditions. Or, conversely, the conditions for granting a loan can be simplified. But the buyer may be the reason for the refusal to issue a preferential car loan.

Which banks participate in the preferential car loan program

The state program of preferential car loans puts forward rather stringent requirements for participating banks, among the main requirements:

• 50% of the bank's shares were to be controlled by the government of the Russian Federation
• authorized capital exceeding 70 billion rubles

For 2019, about 90 banks provide preferential car loans to the population, here is a list of some of them:

• Rosselkhozbank;
• Uralsib;
• Gazprombank;
• Rusfinance Bank;
• Bank "Orient Express".

If we analyze the statistics of last year, then there are three leaders at the finish line of the car loan market:

• The first place is occupied by Rusfinance Bank. He legitimately deserved this place of honor due to the fact that the total amount of loans issued for six months amounted to 21.6 billion rubles;
• Second place belongs to VTB Bank - the volume of loans for the purchase of cars for the same period amounted to 20.6 billion rubles;

Each bank has its own advantages that “lure” customers, so over the past few years, many banks have begun to offer preferential loans for buying cars, where more favorable conditions for additional banking services and products are created for customers.

Prospects for the state program of preferential lending for car purchases

After manufacturers and car dealers made good profits, they had to reduce their level in favor of a more even strategy for selling cars. This had to be done because of the threat of market glut. But if we take into account the production of cars of the budget price category included in the list of car loans from the state in 2019 (under state support), then the desire to take out a loan on favorable terms is unlikely to disappear from Russian citizens. A significant role in maintaining demand is played by lower interest rates in most banks.

To date, car loan market trends suggest that after 2020 the state subsidy program will be extended. This is due to the following reasons:

1. Unfavorable macroeconomic situation in the country.
2. Increasing default rate on car loans.
3. The state car loan program achieves the goals set by the government, that is, it shows its effectiveness.

According to the Avtostat agency, half of the cars bought in Russia last year were purchased on credit. And the share of credit cars in the total volume of the Russian car market continues to grow, having crossed the mark of 50.3% of the total number of vehicles sold. Domestic banks are willing to issue car loans, because, firstly, the car remains pledged to the credit institution, and secondly, statistics suggest that the situation with overdue car loans in Russia is significantly lower than in the consumer lending sector without collateral and collateral.

A car is an expensive purchase. Not everyone has the opportunity to buy a car with the savings that a person has. Therefore, in Russia, since 2009, there has been a state program for preferential lending to buyers of vehicles. This program was suspended for some time, then it was extended until 2016. In 2017, it is also valid, but with some innovations.

The government, when developing this program, set as its main goal the rise of the domestic automobile industry. With the help of subsidies, it was supposed to stimulate demand among the population. The implementation of the program provides for compensation to banks of a reduced interest rate on a loan issued to the population for the purchase of a car.

It is known that the boom in issuing loans for the purchase of cars occurred in 2011. Shortly thereafter, banks began to put forward more stringent requirements for those wishing to receive a loan. Loans began to be issued at a high interest rate, which contributed to a drop in demand.

In 2017, the interest rate on a loan may differ depending on the bank, the term for which the loan is issued, and the car model.

Advantages and disadvantages of buying a car on credit with a state benefit

Before purchasing a car on credit under the state program, it is necessary to weigh the pros and cons.

The obvious advantages of this method of buying a car include:

• a chance to buy a car on credit with significant savings on interest;
• choice between car models of both Russian and foreign production;
• affordable down payment when buying a vehicle on a car loan.

There are some disadvantages of purchasing a car under the state program:

• the loan is issued for a relatively short period (up to 3 years);
• a limit was imposed on the maximum cost of the car (the limit is expected to increase from 1,150 to 1,450 thousand rubles in 2017);
• the loan is issued exclusively for new cars;
• You can only get a ruble loan.

Conditions for obtaining benefits from the state

A soft loan for the purchase of a car in 2017 can be issued to the following citizens of the Russian Federation:

• whose age is not less than 25 and not more than 65 years;
• within the last six months having an official place of work, which must be documented;
• who provided the bank with documentary evidence of their solvency;
• having a good credit history.

The package of documents provided by the borrower can be considered by the bank for up to five days. A positive decision on issuing a car loan is made if the client meets the conditions listed above.

Calculation of interest on a loan with state support

The discount that the borrower will receive on such a loan is calculated according to a special formula, which includes the refinancing rate (SR) of the Central Bank of the Russian Federation. The final interest rate is obtained by subtracting 2/3 SR from the current car loan rate in a particular bank.

When issuing a car loan with state support in 2017, banks must comply with the following rules:

• only the Russian ruble can act as a loan currency;
• car models for the purchase of which you can get a loan with state support must be on the list approved by law;
• the car must be no more than a certain limit (an increase to 1,450 thousand rubles is expected in 2017);
• the weight of the car cannot exceed 3.5 tons;
• a loan is provided for the purchase of a car not older than 2016;
• the car must be purchased from a legal entity;
• the minimum down payment for the car is 20%;
• The term of the loan is limited to three years.

Other conditions for a car loan, banks can change at their discretion, providing any additional bonuses to customers.

List of cars that can be bought on credit on preferential terms (not all modifications of the presented cars may participate in the program):

• Chevrolet Niva;
• LADA Vesta;
• Chevrolet Cruze;
• Mazda 3;
• Chevrolet Aveo;
• Chevrolet Cobalt;
• Nissan Almera;
• Citroen C4;
• Nissan note;
• Citroen C-Elysee;
• Nissan Tiida;
• Daewoo Nexia;
• Opel Astra;
• Daewoo Matiz;
• Peugeot 301
• Ford Focus;
• Peugeot 408;
• Hyundai Solaris;
• Renault Duster;
• KIA Rio;
• Renault Logan;
• KIA Cee'd;
• Renault Sandero;
• LADA Granta;
• Skoda Fabia;
• LADA Kalina;
• Skoda Octavia;
• LADA Priora;
• Toyota Corolla;
• LADA Largus;
• Volkswagen Polo;
• LADA 4×4;
• Bogdan;
• LADA Samara;

Registration procedure

The purchase of a car under the state subsidy program begins with a visit to a car dealership. After the client decides on the brand of the car, the dealership employee will offer him to contact the bank with which the car dealership has an agreement.

The bank will tell the buyer about the terms of the loan. If the client believes that his financial situation is stable enough to cope with the loan, then he confirms this with documents. In case of a positive decision of the bank, a loan agreement is concluded.

In 2017, in order to obtain a car loan with state support, the bank must provide the following package of documents:

• certificate 2-NDFL;
• passport;
• a copy of the work book with the stamp of the personnel department.

An advance payment for the purchased car is made after the conclusion of an agreement with the bank. After receiving the package of papers, the credit institution can approve or reject the application. If the decision is made in favor of the buyer, then the required amount is transferred to the account of the car dealership. Only after that the client becomes the owner of a new car.

Conditions of banks participating in the program

Each bank participating in the program of state support for car loans has its own offers for customers. The conditions for these loans differ depending on the financial institution to which the client applies. The most profitable loans are offered by the following organizations:

• Sberbank, which provides car loans on the most attractive terms for borrowers. If you make 30% as an advance for a car, then you can not provide a certificate confirming income. The loan is issued at a relatively low interest rate (from 7.9% to 13.67%);
• VTB 24, offering customers a choice of three loan products with rates ranging from 10.17% to 13.17%;
• Gazprombank with a proposal that would reduce the rate by half a percentage point for customers whose payroll cards it serves.

Information on detailed lending conditions and a calculator for calculating monthly payments can be found on the websites of these banks. Most of them issue loans only for the purchase of cars from dealers with whom they cooperate. Therefore, before applying for a car loan with state support, it is necessary to collect all the necessary information.

Preferential car loan with state subsidies for 2017

Subsidies

The Government of the Russian Federation adopted Decree No. 514 dated May 3, 2017 "On Amendments to the Decree of the Government
of the Russian Federation dated April 16, 2015 No. 364", according to which car loans with state support were extended for 2017.

Buying a car with a car loan is good, but buying a car with a preferential car loan with state support is also much cheaper. The decision to apply for a loan to buy a car is a very responsible step and it should be decided without fuss and haste, after analyzing the interest rates and offers of several banks. And it is best to get a preferential car loan using the program of state subsidies for the borrower's costs, in which the cost of interest is significantly reduced.

Preferential car loans with state subsidies are carried out from 2013 to 2017 - with periodic fading intervals and changes in conditions. So, for 2017, the program of state support for the domestic auto industry was approved by the Government of the Russian Federation on May 3, 2017, and funds were allocated from the federal budget for its implementation, which will provide subsidies for the sale of 350,000 cars. The total amount of funding for the program for 2017 is planned in the amount of 10 billion rubles.

From 2015 to 2017, the rules for granting subsidies from the federal budget to Russian credit institutions to compensate for shortfalls in income on loans issued by Russian credit institutions to individuals for the purchase of cars are in force, approved by Government Decree No. 364 of April 16, 2015.
For 2017, this resolution was amended, which were approved by the Decree of the Government of the Russian Federation of May 3, 2017 No. 514 "Changes that are made to the Decree of the Government of the Russian Federation of April 16, 2015 No. 364"

Preferential car loan conditions and government subsidy requirements for 2017

In 2017 State subsidies are provided for preferential car loans which must meet the following requirements:

• the cost of the car - no more than 1450 thousand rubles;
• gross weight of the vehicle - not to exceed 3.5 tons;
• the purchased car must be produced in the territory of the Russian Federation in 2016 or 2017;
• car loans are issued only in rubles (the period of registration is from January 1, 2017 to December 31, 2017 inclusive);
• loan security - pledge of the purchased car;
• the car was not previously registered in accordance with the legislation of the Russian Federation, was not issued to an individual - i.e. the vehicle to be purchased must be new;
• only fixed interest on a car loan is reimbursed;
• the term of the loan agreement - no more than 36 months;
• the lending interest rate stipulated by the loan agreement is defined as the difference between the rate of the credit institution in force on the date of issuance of the loan and the discount in the amount of no more than 6.7 percentage points (this is for loan agreements concluded in 2017).

Taking into account the conditions of the State Program for Subsidizing Car Loans for 2017, participating banks also provide for their lending terms, such as:

• Loans are provided only to citizens of the Russian Federation;
• Loan term - up to 3 years (36 months);
• The minimum amount of the down payment is from 15% of the cost of the car, i.е. banks do not limit clients in the possibility of increasing the size of the down payment of their own funds;
• The interest rate on the loan is determined by the bank and reduced by the amount of subsidy
• The minimum loan amount is set by banks independently

The main conditions for preferential car loans of participating banks always look almost the same, but additional conditions and interest rates may differ. So, lending conditions may vary in such positions as:

• lending rate, from which the real interest rate on the loan is calculated (minus subsidies);
• the minimum term for which the loan is issued;
• the minimum loan amount;
• requirements for work experience at the current place of work;
• requirement for registration (registration) at the place of obtaining a loan, and others.

The procedure for calculating the interest rate for a preferential car loan

Reimbursement of part of the interest from state subsidies is calculated in accordance with paragraph 1 of Art.
3-6 amendments attached to Decree of the Government of the Russian Federation dated May 3, 2017 No. 514, namely:

h) the lending rate stipulated by the loan agreement is determined as the difference between the rate of the credit institution in force on the date of issuance of the loan and:

• two-thirds of the key rate of the Central Bank of the Russian
  Federation operating on the date of issue of the loan - for credit
  contracts concluded in 2015 or 2016;
• a discount of no more than 6.7 percentage points - for credit
  contracts concluded in 2017.

So, from the interest rate set by the Bank for standard car loan programs, the part calculated on the basis of the new rule is subject to compensation. Only term interest is refundable.

The interest rate for preferential car loans for 2015-2016 depended on the key rate of the Bank of Russia, which was in effect at the time the loan was issued, and was calculated using the formula: P \u003d D - 2/3 x R
Where:
П – interest rate, % per annum;
P is the refinancing rate of the Central Bank of the Russian Federation, effective on the date of the loan, % per annum.

Currently, i.e. for 2017 is calculated a little differently: P = D - S
Where:
P - interest rate on a preferential car loan in% per annum;
D - the current interest rate under the standard car loan program of the bank on the date of the loan, % per annum;
C - discount not more than 6.7 percentage points.

You can see the key/refinance rate valid at the time of obtaining a car loan. It is especially worth emphasizing that the base rates of various banks participating in the subsidized car loan program, from which the calculation of the preferential interest rate for a car loan starts, are different, so it is worth checking the rates of several banks before contact a particular bank.

Cars included in preferential car loans in 2016

The program of preferential car loans applies to cars and light commercial vehicles weighing up to 3.5 tons that were not previously registered in accordance with the legislation of the Russian Federation, i.e. for new Russian-made cars.

The goal of the program is to support the country's automotive industry by stimulating demand for domestically produced passenger cars and light commercial vehicles.

An indicative list of cars that may be suitable for the 2016-2017 preferential car loan program, taking into account data on market prices, is as follows:

1.	Chevrolet Niva;	20.	Renault Duster;
2.	LADA Vesta;	21.	KIA Rio;
3.	Chevrolet Cruze;	22.	Renault Logan;
4.	Mazda 3;	23.	KIA Cee'd;
5.	Chevrolet Aveo;	24.	Renault Sandero;
6.	Mitsubishi Lancer;	25.	LADA Granta;
7.	Chevrolet Cobalt;	26.	Skoda Fabia;
8.	Nissan Almera;	27	LADA Kalina;
9.	Citroen C4;	28.	Skoda Octavia;
10.	Nissan note;	29.	LADA Priora;
11.	Citroen C-Elysee;	30.	Toyota Corolla;
12.	Nissan Tiida;	31.	LADA Largus;
13.	Daewoo Nexia;	32.	Volkswagen Polo;
14.	Opel Astra;	33.	LADA 474;
15.	Daewoo Matiz;	34.	Bogdan;
16.	Peugeot 301	35.	LADA Samara;
17.	Ford Focus;	36.	UAZ;
18.	Peugeot 408;	37.	ZAZ.
19.	Hyundai Solaris;	-	-

Banks that issue preferential car loans with government subsidies

Subsidies are provided only to those banks that conclude "Agreements on
providing a subsidy" with the Ministry of Industry and Trade of the Russian Federation.

For 2017, the list of banks participating in the program has not yet been formed, since the deadline for concluding subsidy agreements for banks is set to May 30, 2017 inclusive. Prior to this period, banks that have decided to participate in the program must submit to the Ministry of Industry and Trade of the Russian Federation an application for concluding an agreement on the provision of a subsidy (in any form), which indicates information on the state registration of a credit institution, with an attachment
required documents.

Good luck with your choice of car brand and bank for preferential car loans.