The rules granting preferential car loan

The Russian government has approved the issuance of preferential rules of auto loans. As stated in the decree, published on the official website of the government to issue such loans will be only the banks, the share of the state or the Central Bank which is at least 50% - Sberbank and VTB, and to repay him the recipient must no later than 31 December 2011. That is a term loan at favorable conditions will be less than three years, reports Lenta.ru. Recall of the interest rate on such loans will be subsidized by the state. But the car buyer will have to make 30% of its value as a down payment, and the car can not cost more than 350 thousand rubles. And at the same time it should be in the list of models of beneficiaries prepared by the Ministry of Industry. This means that to buy a car loan at a reduced fall into this list of Chevrolet Niva value of 382 thousand rubles. or Ford Focus - 389 thousand rubles. - Motorists will be able to only if the manufacturer reduces the price to a designated government level. Finally, to obtain a soft loan to the buyer will have to provide official income statement on Form PIT-2, and his salary, as reported GZT.ru, has three times the projected monthly mortgage payments. But, as experts note, the participants of this program will save up to 42 thousand rubles for reducing the size of the overpayment on the loan. Car Loan Savings Bank, for example, at the expense of benefits will be issued not under the current 15-17 per cent per annum, and by 7-9 percent. Credit from VTB "cheaper" to 19-20 to 11-12 per cent per annum.