Otkritie Avto (auto business unit in Otkritie Bank) reduced the rates on the line of collateral car loan products. The maximum reduction was 2.6 percentage points, the minimum rates are set at the level of 9.9% per annum in rubles. The best credit conditions are available when applying for vehicle insurance and enabling the option "motorist's rate". This is stated in the bank's message.
Customers with only two documents (passport and a second document to choose from) can receive financing in Otkritie Avto for almost any needs: to issue a classic car loan for a new and used car, a car loan with a residual payment, a loan to buy a car from a dealer and from a private person, within the framework of special programs with automakers. Depending on the program, the borrower independently decides on the possibility of confirming income, making a down payment, obtaining insurance or a car as collateral. The conditions of the proposed credit programs depend on the choice of these parameters.
As part of the collateral lending, loans are available to customers at a rate of 9.9% per annum for new and used cars, up to 8 million rubles, for up to 7 years and with a minimum down payment of 0 to 20%, depending on the program.
A loan under special programs with automakers and dealers is issued for the purchase of Geely, Chery, Cheryexeed, Haval, Changan, FAW, JAC, GAC, GAZ, Hyundai and Kia cars. The rate will be from 11.5% per annum in rubles, the available amount of financing is up to 8 million rubles for a period of up to 7 years and with a minimum down payment of 10%.
Unsecured loans can be issued at a rate of 18.5% per annum, in the amount of up to 3 million rubles, for up to 7 years, without requirements for a car, casco and collateral, with zero down payment.
You can apply for a car loan on the website and at the offices of Otkritie Bank, as well as at more than 400 points of sale of a network of partner car dealerships in 80 cities of Russia. The transaction can be completed on the day of the request within an hour. An additional advantage for customers is the possibility of including the cost of insurance and service services in the loan amount.
Otkritie Avto is among the top 5 key market players in terms of car loans portfolio and in the top 3 in terms of car loans, including being a leader in the TSA segment. Since the beginning of the year, the bank has issued more than 22 thousand car loans in the amount of 27.4 billion rubles. About 2/3 of the loan agreements were issued for used cars. The average loan receipt in May amounted to 906 thousand rubles for a used and 1.9 million rubles for a new car. Among the most popular credit cars in May in the new segment were Kia, Hyundai, Lada, Renault and Geely brands, in the TSA segment - Lada, Kia Hyundai, Toyota and Nissan. Borrowers often prefer to take out loans in the amount of 1.5 - 2 million rubles. for new cars and from 500 thousand to 1 million rubles. for cars with mileage, for a period of 4-5 years and with an initial payment of 20-30%.
Otkritie Bank is a universal credit and financial organization developing corporate and investment businesses, serving retail customers, small and medium–sized businesses, as well as providing private banking services. The sole shareholder of Otkritie Bank is the Bank of Russia with a 100% stake.
