State program of car loans for the purchase of domestic cars

To maintain demand for the purchase of domestic car manufacturers in 2009, the legislature developed a state car loan program. For the implementation of this project in 2012, more than three billion rubles were sent. This state program has positively affected the restoration of purchasing activity in the Russian car market, but all banks willing to buy a car under this program must meet the established criteria.

The conditions of the state subsidy program

The program of state support for car loans provides for the mandatory fulfillment of a number of such conditions:

1. The subsidy applies only to domestic cars.
2. The bank must participate in the state program.
3. The maximum amount that the owner can expect is 600 thousand rubles.
4. When you receive a soft loan, you must make a contribution of 15%.
5. The loan period is 36 months.
6. The interest rate on the loan is 6%.

Bank requirements

The state program of car loans gives credit institutions the opportunity to grant subsidies only if 50% of the bank's authorized capital belonged to the "Central Bank" or the Russian Federation. This requirement must also be met in relation to the subsidiaries of the credit institution. In addition, the bank must have a wide network of branches covering all districts of the Russian Federation.

If the bank meets all of the above conditions, then monthly it receives the required funds from the budget in the amount of 2/3 of the refinancing rate of the "Central Bank". Due to these revenues, a general reduction in the rate to 8% is achieved. Due to this fact, the state car loan program provoked a great demand for the cars of domestic brands. Another advantage of the state program is the optional insurance of "CASCO".

Who has the government car loan program for 2013-2014 been developed for?

In order to get a soft loan, for example, in Sberbank of Russia, and in other commercial banks too, you must meet the following requirements:

1. Age from 21 years and up to 65 years.
2. The presence of a Russian citizen's passport with registration (permanent or temporary) in the region in which the purchase is planned.
3. The work experience of the borrower should be at least a year.
4. Availability of income statement for the last three months.
5. The work book must contain a record of the employment contract and be certified by the employer.
6. The borrower's income for the month must be at least ten thousand rubles.
7. After repaying the monthly payment for each member of the family should remain at least 8 thousand rubles.

The state car loan program can not be provided in the presence of a dubious credit history. If you have a desire to use the subsidy, then you need to know that in the list certified by the Ministry, there are cars of foreign and domestic production assembled in Russia. This list contains exactly 50 models. It is impossible to purchase a vehicle built on the territory of the countries of the former USSR under this program.