What are the advantages of the government subsidized car loan program? How to get a preferential car loan with government support? Where can I find a list of cars that can be purchased on preferential terms?

The state will help us! For those who are unable to immediately pay the full price for a car or apply for a loan on standard terms, the government has introduced special benefit programs. Subsidizing is beneficial to everyone - it supports the domestic auto industry, attracts customers to credit institutions, and solves the transport problem of citizens.

About how to purchase car loan with government assistance, and who has the right to take advantage of such a program, I, Denis Kuderin, financial expert of HeatherBober magazine, will tell you in detail.

We take the best places and read to the end - in the final you will find an overview of banks with the most favorable terms of cooperation, plus advice on what to do if you are denied a preferential loan.

1. State car loan – buying a car on preferential terms

I'll start with good news- government extended the lending program with state support for 2017 and 2018. There were assumptions that the benefits would be cancelled, but fortunately this did not happen. On the contrary, the conditions became even more interesting.

Now everyone, if their income and credit status meets the requirements of banks, has the right buy a car on preferential terms. Namely, at a reduced interest rate.

For those who don't know, I'll explain.

State subsidies for car loans- this is financial assistance from the government of the Russian Federation, as well as the Ministry of Industry, to car manufacturers and buyers in order to develop the automotive industry in Russia.

The program was not just extended, but in some areas even improved. Now the loan will be issued for more expensive Russian-assembled cars than a year ago. The new conditions officially come into force on May 19, 2017.

State subsidies for car loans have been in effect since 2009, with varying success and temporary fading.

The programs were different, but the essence is the same - the state returns part of the interest rate for clients, and specifically at the current moment - 6,7% (maximum). That is, banks, as is usually the case, do not lose their profits - they are compensated by the state budget.

Example

Auto loan rate for cars Hyundai Russian assembly without government support in Rusfinance Bank amounts to 14% . Under the preferential program, the same model can be purchased on credit at a rate 7,3% (14% - 6,7% = 7,3%) . The savings are obvious - this tens of thousands of rubles a year.

The conditions for car loans with state support are as follows:

1. Loans are issued in rubles for Russian-assembled cars- for example, VAZ, some models of Volkswagen, Nissan, Hyundai, Renault, Peugeot, Kia, etc.
2. Price – up to 1.45 million rubles.– until recently, the maximum amount was 1.15 million, and even earlier – 750,000.
3. Credit term– no more than 36 months.
4. Year of issue– unregistered cars no older than 1 year are available (you won’t be able to apply for a preferential one).
5. Starting bid– no more than 18%.
6. An initial fee– not mandatory, but this condition is at the discretion of the bank (previously it was necessary to deposit 20% at once).
7. Vehicle weight– no more than 3.5 tons.
8. The car remains pledged to the bank– PTS will be issued only after the loan is closed, unless other terms are agreed upon.

Compensation concerns only reduction of interest rates on loans. Nobody gives cash to anyone. But at a reduced rate you are allowed not only to buy a car, but also to register it.

Because the the amount has increased, the list of domestically assembled foreign cars participating in preferential lending has expanded. Now these are not only budget cars, but also SUVs. A complete list of models available under the state program is on the official website of the car loan program, but each bank has its own list.

The total amount of funding planned by the government for 2017 is 10 billion rubles . With this money you can buy approximately 350,000 cars with government support. So it’s not advisable to think for a long time whether to take it or not. Grab it before it's gone!

Application processing time depends on the bank. Somewhere they promise to give an answer in a few hours, somewhere they ask you to wait a couple of days. Remember that when registering online, the response will be preliminary. You will still have to go to the bank to check documents and make a final decision.

Step 4. We conclude a loan agreement and a collateral agreement

Sign a contract without reading it – bad practice. An agreement is needed study from the first to the last page - all sections, especially those in small print. Managers do not always voice details that are important to clients.

What to pay attention to:

• duties of the parties– what should the bank do and what should you do;
• ways to pay off debt– it’s great when there are several of them, and at the same time there is an option for payment via the Internet;
• conditions for early repayment of debt– how to apply for early closure, how much interest will be charged from you;
• availability of additional commissions– do they charge money for opening and servicing a credit account, how is the commission for financial transactions calculated;
• final interest rate– it happens that initially you count on one bet, but in reality a completely different one pops up.

The buyer issues contract of sale And registers the car in the traffic police database, after which the vehicle’s passport is transferred for safekeeping to the bank. You pay the down payment, if any, and register the car itself as collateral (encumbrance).

The recent crisis in the country has significantly worsened the situation in the automobile market.

Due to lower wages, layoffs, and higher prices, the demand for new cars has decreased.

To support the automotive industry of the Russian Federation, the state decided to resume the car lending program with the help of banks.

If you want to save on interest rates when buying a car on credit, we suggest you consider the terms and benefits of the state car loan program for 2019.

State car loan is a preferential loan for the purchase of a car of domestic and foreign production. Previously, the demand for domestic cars had decreased significantly. To improve performance, it was decided to develop a state program of preferential car loans.

What is the state car loan program? The main principle is that the government subsidizes interest rates for banks.

The goal is to stimulate demand for cars assembled in the Russian Federation. With the help of such a program, car enthusiasts obtain a car loan on favorable terms and at reduced rates.

A program for providing loans for the purchase of cars on special terms was developed in 2009. Implementation began in 2012. The subsidy quickly began to gain popularity, and sales of domestic vehicles increased.

The preferential car loan program began in 2015 and continued in 2016, 2017, 2018 and 2019 (it is currently planned to run until 2020). It is planned to sell 58.35 thousand cars on credit on special terms.

Compared to programs of previous years, the bank interest rate on a preferential loan decreased by 6.7%. A one-time discount of 10% on the cost of the car has been added.

It is provided under the “First Car” program (for citizens who purchase a vehicle for the first time), as well as the “Family Car” program (for families with two or more minor children).

Some car dealerships and banks do not reduce the loan interest on new cars offered under the program, but proportionally reduce the cost of the car itself.

Let's consider the conditions of the state car loan program.

Video: Preferential car loan program

1. Preferential car loans include cars worth up to 1,450,000 rubles. Previously, this cost was one million rubles.
2. The down payment requirements were abolished, in contrast to the earlier ones - 20% of the cost of the car (at the discretion of the bank and dealer).
3. The car must be produced in the Russian Federation in 2016-2019.
4. A loan for the purchase of a car with state support is issued in rubles. Banks can impose life and health insurance on the borrower.
5. The loan is taken for a period of no more than three years.
6. The car previously did not have registration records and did not have an owner as an individual.
7. The discount is fixed at 6.7%.
8. There is a 10% discount on the cost of the car under the “First Car” and “Family Car” programs. You can also buy a car with maternity capital for a family with two or more children.
9. Calculation of the lending rate: the difference between the initial rate and the government subsidy for it.
10. Only urgent interest on a car loan is reimbursed.
11. The car is purchased in the showrooms of official brand representatives.
12. Cash compensation is not provided. The state does not return anything and does not pay extra to the borrower directly.

The state pays part of the down payment for the driver, providing a 10% discount on the price of the car. If you subtract 10% from the maximum cost of 1,450,000 rubles, you get 145,000 rubles. Very significant.

The discount is available under either the Family Car or First Car program. Discounts cannot be combined.

A significant drawback of the program: limited selection of cars and the number that can be purchased.

Typically, banks allow the purchase of only one car, despite the fact that this is not regulated by law.

But applying to the bank to obtain a second preferential car loan will likely be followed by a refusal.

Participating banks put forward their lending conditions taking into account the conditions of the State program:

• provide car loans only to citizens of the Russian Federation;
• age group 21-65 years;
• good credit history;
• absence of children in women under six months of age;
• constant source of income;
• the minimum down payment can be 15% of the price of the car;
• the bank determines the interest rate on the loan and reduces it by the amount of subsidies;
• Each bank sets the minimum loan amount itself.

The main list of conditions for preferential car loans from banks usually looks almost the same. But additional conditions and interest may be different:

• lending rate (the real interest rate on a car loan is calculated from it);
• minimum car loan term;
• minimum amount;
• requirements for length of service at the current place of work;
• registration requirements at the place of receipt of a car loan.

Let's take a closer look at some government support programs:

List of cars

The list of domestic and foreign cars that are eligible for preferential car loans has expanded.

It includes SUVs, trucks, minibuses that weigh no more than 3.5 tons, budget cars:

• Chevrolet Niva;
• Chevrolet Aveo;
• Chevrolet Cobalt;
• some Citroens;
• Ford Focus (not in all trim levels);
• Hyundai Solaris;
• Kia Rio;
• Lada Granta, Lada Kalina and others;
• Mazda 3;
• Mitsubishi Lancer;
• some Opel, Peugeot, Renault, Skoda;
• Toyota Corolla;
• all Bogdan models;
• UAZ, ZAZ.

It is better to view the complete list of cars on the bank’s website. Typically, a preferential car loan includes cars with a minimum configuration.

They receive a car loan under the state program in several stages:

The person to whom the vehicle will be registered applies to receive a loan.. The applicant has the right to transfer control of the car to another authorized person. Contact the selected credit institution.

The deadline for processing documents is set by the bank itself. The process takes 1-3 months. An application for a car loan is processed within a few days. The verification time depends on the form of lending.

List of required documents

Most banks are regulated by the following documents:

• application for a car loan;
• passport of a citizen of the Russian Federation;
• driver license;
• certificate 2-NDFL containing information on wages for the last 3 months;
• a document confirming the official place of work and work experience of more than a year (a certified copy of the employment contract or work record book).

A more accurate list should be found on the website of the bank you choose.. Sometimes they are additionally asked to provide a Taxpayer Identification Number (TIN), a certificate of pension insurance, a military ID, a foreign passport, a marriage certificate, and a copy of the spouse’s passport.

The list of banks providing car loans under the state program includes:

• VTB 24;
• Rosbank;
• Rusfinance Bank;
• Sethelem;
• Uralsib;
• PrimSotsBank;
• Mitsubishi Bank;
• Volkswagen Bank and others.

Banking institutions have the right to determine the actual interest that the buyer must pay and adjust some other conditions. The percentage usually does not exceed 20%.

On the bank website you can find a calculator that will allow you to calculate the amount of overpayment and monthly contributions.

Some banking institutions may work with certain car dealerships and may not provide loans for certain car models.

Do you get a car loan with no down payment and a low interest rate?

The essence of the car loan program without a down payment is that the applicant receives a loan for the minimum period with a high interest rate.

Thus, banks try to minimize the possibility of non-payment of the amount. But with state support, rates are significantly reduced, since the state guarantees benefits and compensates for the interest rate of 6.7%.

Also, under the “Family Car” and “First Car” programs, a 10% discount is provided, so the buyer has to pay less.

This is a rate that will allow you to overpay the least amount over the contractual loan period.

Some manufacturers may offer their own benefit programs that can be combined with government ones.

You need to ask your banking institution about the possibility of subsequent resale of the vehicle or change of insurance.

But you shouldn't make your choice based solely on the favorable interest rate.. You should start from the car model you need and use it to look for the most favorable conditions available in different banks. The car has been in use for more than one year.

Is it possible to get a 10% discount without taking out a loan?

Government benefit programs do not apply to persons who buy cars with cash. You can't get a discount without a loan.

But there is another option. The discount provided by the state is very significant. You should carefully consider the possibility of purchasing a car on credit.

If you have enough money to buy a car, you can take out a car loan for a minimum period with a maximum down payment. And then the overpayment will be minimal.

When purchasing a car on credit under any car loan program, you need to take into account the additional costs that will be needed to maintain the new purchase: registration, costs of gasoline, oil, maintenance and the need for annual CASCO insurance, compulsory motor liability insurance.

A lot of time has passed since the start of the benefits system, but only 14.5 million consumers decided to purchase, as evidenced by. This figure is three times lower than the manufacturers expected. In this regard, adjustments have been made to preferential lending, which will open up even greater opportunities for Russian buyers. Now, with the participation of government subsidies, you can purchase not only passenger cars, but also commercial vehicles of domestic and foreign production ().

The Russian government has increased the maximum price of cars under the state program

These can also be minibuses weighing no more than 3.5 tons. The government also touched upon the amount of loans: if previously the limit on the amount of a preferential loan was 1 million 150 thousand rubles, now. Of course, for Russian citizens purchasing with state support, the greatest role is played not even by the price and interest on the loan, but by the amount of the down payment. Many who are able to accumulate an impressive amount will give preference to a foreign car. In view of this circumstance, the down payment threshold was also reduced. Now it is enough to deposit only 20% of the cost of the car.

The list of cars participating in the state subsidy program was also updated. However, no less serious requirements were imposed on manufacturers: the car must be produced in Russia, or participation in its creation and assembly by the Russian side must be at least 50%. In general, now everyone who wanted to buy a domestic car will be able to afford it. Those who haven’t thought about it are forced to scratch their heads: “Or maybe...”. Below is a list of cars that potentially fall under the preferential car loan program in Russia in 2019 worth up to 1 million 150 thousand rubles. Here it costs up to 1,450 thousand rubles.

The list of cars under the 2019 car loan program has expanded due to an increase in the upper price limit. If in 2014 the cost of a car could not exceed 750 thousand rubles, then in the current 2019 it is 1 million 500 thousand rubles. A fairly large list of cars with state support falls into this price range, but, unfortunately, often in minimal configuration. These are almost all models and many budget ones, assembled in the Russian Federation.

List of cars in 2019 under the state car loan program

(the list is approximate, compiled according to data from previous years, inaccuracies are possible)

29.07.2017 | 05:44 Updated: 08/31/2018 715

State subsidy program for car loans (state support): what is it, how to get it and how a preferential state car loan will help you save + list of cars and car dealerships

Hello everyone, Ilya Kulik here! Do you want to buy a new car, but the full amount is not enough, and loans are scary with high rates? Don't think that a modern car is an impossible dream. There is a way out, this is a car loan under the state program.

This is a real opportunity to reduce the overpayment on a loan by almost half, or even more, without any catch. And since 2017, an additional 10% discount on a new car has become available to some categories of citizens, subject to a loan with government subsidies. Now I'll tell you how it works. Go!

Since 2009, Russia has had state support for car loans (sometimes called a program of state co-financing of loans, but this name does not reflect its essence), aimed at supporting the domestic automotive industry. It was extended every year, some conditions were gradually changed, and thus, in 2017 there is still an opportunity to purchase a car under the state subsidy program.

The basis for the opportunity to receive a preferential car loan under the state program is Decree of the Government of the Russian Federation dated April 16, 2015 No. 364. Subsequently, resolutions were introduced into it, especially serious ones in 2017.

It is worth noting that, as they write in the terms and conditions of various promotions, “supply is limited.” Money from the budget was allocated for 2017 only for the purchase of 408.35 thousand cars. But, for example, last year, the limit was not exhausted. And if this does happen, then, most likely, the conditions will change and the bar will be raised: by analogy with the fact that the preferential program is extended annually.

How the government program works

Contrary to popular belief, when purchasing under a state program, it is not the state that provides the buyer with a discount. It only ensures the possibility of such a discount by the fact that the organization that provided the discount receives subsidies from the state equal in amount to the money lost due to the conclusion of contracts on preferential terms. In official documents, the subsidy is called: “for compensation to credit organizations lost income».

Therefore, the scheme is as follows: a credit institution offers its service on preferential terms, the buyer receives, and sometimes a car at a discount, and the state pays the bank the difference between the price without a discount and the amount actually received.

By the way, the discount for recycling and trade-in works similarly. The state compensates car dealerships for the money lost due to the provision of discounts under these programs, the amount of which is determined by each automaker independently.

Conditions of state government loans

Obviously, not every car can be rented on preferential terms. The main limitation arising from the purpose of subsidizing - the development of the domestic automotive industry - the car must be manufactured on the territory of the Russian Federation and be new.

Thus, not only domestic brands (LADA, GAZ, UAZ), but also cars from foreign automakers that have assembly plants in Russia can participate in the program, for example:

• Toyota;
• Volkswagen;
• Skoda;
• Ford;
• Renault;
• Hyundai;
• Nissan;
• Peugeot;
• Citroen;
• Chevrolet;
• and some others.

Find out specific models and even configurations (why this is important below) for which you can get a car loan on subsidized terms from dealers.

Another fundamental condition is that government support works. only for individuals – citizens of the Russian Federation.

Car requirements

There are also several other requirements for cars available for purchase with a preferential loan, which change from year to year. In 2017 these are:

• the cost of the car is no more than 1 million 450 thousand rubles in 2017 - this figure increased by 300 thousand compared to 2016, it is because of this restriction that a car model with a rich configuration participating in the program will not be issued a preferential loan;
• 3.5 tons - total vehicle weight Thus, a preferential loan can be taken out for both passenger cars and light commercial vehicles;
• new car, that is, previously not owned by an individual and not registered in the Russian Federation. Therefore, you can only buy a new car on credit with government support;
• 2016 or 2017 year of release, that is, the year of the program and the previous one.

Loan requirements

In addition, there are special conditions regarding the loan itself:

• Russian rubles - the only possible currency;
• – the car being purchased– mandatory loan collateral;
• 36 months– maximum loan term;
• down payment amount now it is not limited, but in 2015 and 2016 it should not have exceeded 20%.

These restrictions are established by the state; each bank can set its own additional conditions that do not contradict those determined by the government. Therefore, find out the full terms and conditions directly from the bank.

In fact, knowledge of all the documents and requirements establishing the rules is necessary only for banks - if they are not complied with, they simply will not receive compensation. And on what terms the client will repay the loan depends only on the agreement concluded with him by the credit institution.

Interest rate and discount

The interest rate will be 6.7 (or less) percent less than under a regular agreement. Here the percentage should be perceived as a unit of measurement, and not a part of the number; it would be more correct to say less by 6.7 percentage points, that is, if the usual rate of 15.7% for state subsidies, it can become equal to 9%). In any case, the rate under the state support program for car loans cannot be more than 18%.

The indicated 6.7% is the maximum amount of the discount that will be reimbursed by the state. Credit institutions will not operate at a loss, therefore no more than the specified discount is provided.

It is worth noting that currently these new fixed rate rules are more favorable than the previously 2/3 of the Central Bank key rate. Taking into account the current key rate of 9% at the time of writing, under the old rules the discount would have been only 5.94%, which is significantly lower than the current reduction of 6.7%.

List of car dealerships and banks where you can get a car loan with government support

As you know, a loan is always provided by a banking organization, not a car dealership, so the company from which you are going to buy a car does not matter. Yes, with some dealers you can apply for a car loan directly in their office, without leaving the cash register, but in any case, the loan is taken from the bank, for which a corresponding agreement is drawn up, and car dealerships only ensure the transfer of documents from the client to the bank.

But not all credit organizations offer car loans with state support. Therefore, below I will provide a list of banks that provide preferential government car loans.

• Cetelem Bank LLC;
• PJSC BANK URALSIB;
• Volkswagen Bank RUS LLC;
• JSC "Toyota Bank";
• JSC UniCredit Bank;
• PJSC VTB24;
• PJSC "BystroBank";
• JSC "Credit Europe Bank";
• Rusfinance Bank LLC;
• PJSC JSCB "Svyaz-Bank";
• PJSC KB Center-invest;
• JSC "Bank SOYUZ";
• JSC "LOKO-Bank";
• PJSC SKB Primorye "Primsotsbank";
• PJSC "Bank" Saint-Petersburg";
• PJSC BALTINVESTBANK.

The list of banks may change: some withdraw from participation, others join the program. Therefore, check the latest information about the bank’s current products on its official website, by phone or in the office.

Take out a car loan under the state program

Preferential leasing conditions

The state program also applies to leasing in accordance with Decree of the Government of the Russian Federation dated May 8, 2015 No. 451. According to the current version of the Resolution at the time of writing, a discount of 10% of the cost of the car(but not more than half a million rubles) is deducted from the advance payment. The principle of operation is still the same: the lessor provides a discount on a Russian-made car, and the state pays him the same subsidy. It is planned to sell at least 68,800 vehicles on preferential terms in 2017.

Since July 2017, special conditions apply for certain categories of lessees and vehicles; see the details below under the subheading “New Programs.”

New programs

Since July 2017, additional programs began to operate to stimulate sales of new cars based on changes to the above regulations introduced by Russian Government Decrees No. 808 and 809, published on July 11, 2017.

Large family and first car

This program was added by Government Decree No. 808 of July 7, 2017. According to it, a discount of 10% of the cost of the car, the amount of which is deducted from the first installment. It is available to buyers of cars that meet the following requirements:

• have a driver's license;
• car loan – first and last for the current year 2017 (data is checked using, and borrowers also give a written promise not to take out a car loan in the corresponding application);
• the buyer has two or more minor children or have not previously owned a car.

Please note that the “first car” means the first one owned; the age of the buyer does not matter, nor does the driver’s experience. It is also worth noting that the discount is provided not only to families with many children in the usual sense (more than 2 children), but also to families of 4 people.

In 2017, subsidies under this program will be provided for the purchase of 58,350 cars, which is 14% of the total number of cars for the purchase of which funds were allocated under the state program.

Vehicle for rural producers, small and medium-sized businesses and long-haul tractors

These programs provide a discount for cars purchased under a leasing agreement. In 2017, the discount is provided for 27.3 thousand cars that:

• purchased by agricultural producers(the discount is provided only to entities officially recognized as such in accordance with the Federal Law “On the Development of Agriculture”);
• are purchased participants small or medium entrepreneurship ;
• are mainline truck tractors.

The discount is provided in the amount of 12.5% ​​of the cost of the car, but the amount of the subsidy per car cannot exceed 625 thousand rubles. The amount covered by the state program is deducted from the advance payment under the leasing agreement.

Car loan with state support Rosselkhozbank

Unfortunately, in 2017, Rosselkhozbank does not participate in the state program of preferential lending, that is, it does not issue car loans with state support.

This service was available in 2016, when under the preferential program “Car Loan with State Support” it was possible to take out a loan with an interest rate of 8.5%. The loan was issued for 6-36 months, the maximum amount was 920 thousand rubles, and the specified number should not exceed 80% of the cost of the purchased car.

It is worth noting that this program began operating in 2016 only in August, so it is possible that it could be resumed in 2017 in the second half of the year.

And at the time of writing, from Rosselkhozbank you can take out a regular car loan for the purchase of a new car in the amount of up to 3,000,000 at a rate of 17.5% (for special categories of clients - from 15.5%), for a period of up to 5 years. The down payment must be at least 15% of the price of the car; a response to the application will be given within 4 days.

How to buy a car on credit with government support

You can take out a government car loan, the rate on which will be reduced, just like any other. There is no fundamental difference; lending under the subsidy program is the same banking product as other loans.

Just as banks have different loans - for certain car models, for, and a car loan with state support - this is an ordinary car loan with certain conditions, some of which are common to all banks, because they are established by the state.

That is, the procedure is no different from that for a regular car loan:

1. contact the bank with a loan application;
2. you get a positive response;
3. buy a car, that is, you enter into a purchase and sale agreement with a car dealership;
4. take out insurance(if required by the terms of the loan);
5. transferred to the bank documents on completed transactions (usually this is done by the dealer from whom you buy the car);
6. sign contracts about a loan and collateral with a bank;
7. you are now the rightful owner and the owner of a new car.

If a government loan is issued at a car dealership, all documents are submitted and processed immediately in one place, although the steps are the same as when applying to the bank in person.

General rules when buying a car on credit, also applicable to the state program

Don't forget that loan terms may vary from bank to bank, so compare the options available to you to choose the most profitable one.

As you can see, buying a car on credit with government subsidies is no different from purchasing a car with a regular car loan, so the main rule is the same: the easier it is to get a loan, the more you will have to overpay. And as always, you need to remember to carefully read the contract and only if all the points are clear to you and you agree with them.

Pros and cons of state car loans

• real opportunity to buy a car profitably on credit due to government subsidies;
• significant discount for those purchasing their first car and large families;
• optional down payment(the minimum down payment amount is set by the bank at its discretion);
• opportunity to purchase a good modern car: almost one and a half million - a decent amount even by today's standards
• maximum benefit due to the possibility of summing with other discounts and special offers.

• limited car list participating in the program;
• mandatory deposit auto;
• three years– maximum loan term.

I think you will agree that the disadvantages are insignificant, firstly, because many conventional car loans have the same ones, and secondly, because the benefits of lending under the state program are very significant. For many, this is not only an opportunity to save big, but also the only way to purchase a new car.

Reviews about car loans with government support

Feedback from people who have taken out a subsidized car loan regarding the government program itself is overwhelmingly positive. True, some complain that they were unable to purchase exactly the car, or the configuration, that they would like. But what can you do? Our capabilities, which, by the way, state auto lending can significantly expand, do not always correspond to our desires.

Let's sum it up

• car loan under the state program– a regular car loan with special conditions, it has all the pros, cons and pitfalls of regular loans;
• some restrictions set by the government;
• conditions may vary and depending on the bank;
• due to government subsidies banks have the opportunity to offer loan products with minimal overpayment;
• in 2017 a car loan with government support has become more convenient and profitable.

Conclusion

I think you are now convinced that a loan for a new car under the government subsidy program is a truly advantageous offer without any specific pitfalls. So if the conditions suit you, don’t miss the chance to take out a profitable car loan. Who knows what changes await the program in 2018? And will it be extended? Let's wait for news!

And in the next video you can listen to first-hand information about preferential car loans, from the Minister of Industry and Trade Denis Manturov himself: cool:.

This concludes the article for today. Subscribe and share the link on social networks. Bye everyone!

P.S.: I took the photos for the article here: drive2.ru/r/volkswagen/454398195141705916. They are wearing a Volkswagen Polo Sedan. By the way, such a car can be purchased on credit under the state program ;-).

Preferential car loan with government subsidies for 2017

Subsidies

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

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

From 2015 to 2017, the rules for providing subsidies from the federal budget to Russian credit organizations to compensate for lost income on loans issued by Russian credit organizations to individuals for the purchase of cars were in effect, approved by Government Resolution No. 364 of April 16, 2015.
For 2017, this resolution has been amended, which were approved by Decree of the Government of the Russian Federation of May 3, 2017 No. 514 "Changes that are being made to Decree of the Government of the Russian Federation of April 16, 2015 No. 364"

Terms of preferential car loans and requirements for state subsidies for 2017

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

• the cost of the car is no more than 1,450 thousand rubles;
• gross vehicle weight - not to exceed 3.5 tons;
• the purchased car must be produced on the territory of the Russian Federation in 2016 or 2017;
• car loans are issued only in rubles (issue period - from January 1, 2017 to December 31, 2017 inclusive);
• loan security - collateral for the purchased car;
• the car was not previously registered in accordance with the legislation of the Russian Federation, and was not registered to an individual - i.e. the car purchased must be new;
• Only urgent interest on a car loan is subject to reimbursement;
• the term of the loan agreement is no more than 36 months;
• The lending interest rate provided for in the loan agreement is determined as the difference between the credit institution’s rate in effect on the date of loan issuance and a discount of no more than 6.7 percentage points (this is for loan agreements concluded in 2017).

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

• lending rate, from which the real interest rate on the loan is calculated (minus subsidies);
• the minimum period for which the loan is issued;
• minimum loan amount;
• requirements for length of service at the current place of work;
• requirement for registration (registration) at the place where the loan was received and others.

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

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

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

The interest rate on 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 = D – 2/3 x P
Where:
P – interest rate, % per annum;
R – refinancing rate of the Central Bank of the Russian Federation, effective on the date of loan issuance, % per annum.

Currently, i.e. for 2017 it is calculated slightly differently: P = D – S
Where:
P – interest rate on a preferential car loan in % per annum;
D – the current interest rate under the bank’s standard car loan program on the date the loan was issued, % per annum;
C - discount no more than 6.7 percentage points.

You can view the key rate/refinancing rate in effect at the time of receiving 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 on a car loan begins, are different, so it is worth reviewing the rates of several banks before contact a specific bank.

Cars eligible for preferential car loans in 2016

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:

Banks that issue preferential car loans with government subsidies

For 2017, the list of banks participating in the program has not yet been formed, since the deadline for concluding agreements on the provision of subsidies for banks is set until May 30, 2017 inclusive. Before 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 about the state registration of the credit organization, with an attachment
required documents.

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