A significant advantage of concessional lending lies in the reduction of the amount of overpayment at interest rates, as a result of which the purchase of a car becomes more affordable. But, at the same time, not everyone can become a member of such a program.

What is car loan subsidy

In 2009, the Russian government developed and launched a program of state concessional lending for the purchase of a domestically produced car. Such a decision was made at the height of the economic crisis, and the essence of the program was to create an incentive to increase consumer demand for cars produced by Russian enterprises.

State support for lending consists in partial repayment at the expense of budgetary funds of payments provided for by the interest rate on the loan. Traditionally, this state compensation is 2/3 of the amount, which is indicated as a percentage of the cost of the car and which is the bank's income for the loan.

It is important to know that reimbursement is not carried out for the entire loan rate, but only for the refinancing rate payable to the Central Bank of the Russian Federation by banking organizations on loans that they received from the central bank. In other words, if the bank rate for a car loan is 20%, and refinancing is 11%, then the amount of 7.33% is subject to compensation, and the borrower pays the remaining 12.67%. This calculation is carried out according to the following formula: 11/3x2=7.33 and 20-7.33=12.67. The refinancing rate is set by the Bank of Russia on the relevant date.

The introduction of the state car loan resulted in a 50% increase in the production and sales of AvtoVAZ vehicles. But, despite such high rates, the program was still suspended for some time, and only in 2013 the government resumed state car loans. In May 2017, 10 billion rubles were allocated from the budget for the sale of new cars, but at the same time, changes were made to the conditions for granting state preferential car loans and requirements for banks.

New terms and conditions

Significantly expanded the list of cars that fall under the program (added SUVs), and now allowed to purchase with government subsidized lending not only domestic, but also imported cars. And the state compensation rate is still 2/3 of the refinancing rate. The main requirements also include:

• The original cost of the purchased vehicle should not exceed 1,450,000 rubles (previously 1 million).
• A car loan under the state subsidy program can be issued for a period not exceeding 36 months.
• Discount on a car loan is fixed - 6.7%
• The provision of credit funds can be carried out only in rubles.
• There is no down payment now. (previously 20%)
• The maximum amount of a loan issued should not exceed 920,000 rubles, and the minimum amount can be set by banking organizations independently.
• It is important that the purchased vehicle is not registered and is not registered to an individual.
• The maximum allowable weight of the car must be no more than 3.5 tons.
• The purchased car must belong to the passenger category, and also not be a car for commercial use.
• New programs "First car" and "Family car" were introduced (10% discount).

Accordingly, the participating banks may change additional conditions, as well as rates, due to which state car loans provided in different organizations sometimes differ. These differences are manifested in the following positions:

• The minimum amount for which a loan is issued.
• Lending rate for calculating the real amount in percentage terms, which is paid by the recipient of the loan.
• The minimum period for which the loan is issued.

Full list of cars under the new program

In addition to the cost, type and weight of the car, the government has established a clear list of vehicles that fall under the soft loan program. (but each bank provides a separate list). The register includes cars of the following models:

1	Chevrolet Niva;	19	LADA Vesta;
2	Chevrolet Cruze (not all configurations);	20	Mazda3 (not all configurations);
3	Chevrolet Aveo;	21	Mitsubishi Lancer (not all configurations);
4	Chevrolet Cobalt;	22	Nissan Almera;
5	Citroen C4 (not all configurations);	23	Nissan note;
6	Citroen C-Elysee;	24	Nissan Tiida (not all configurations);
7	Daewoo Nexia;	25	Opel Astra (not all configurations);
8	Daewoo Matiz;	26	Peugeot 301
9	Ford Focus (not all configurations);	27	Peugeot 408 (not all configurations);
10	Hyundai Solaris;	28	Renault Duster (not all configurations);
11	KIA Rio;	29	Renault Logan;
12	KIA Cee'd (not all configurations);	30	Renault Sandero;
13	LADA Granta;	31	Skoda Fabia;
14	LADA Kalina;	32	Skoda Octavia (not all configurations);
15	LADA Priora;	33	Toyota Corolla (initial configuration);
16	LADA Largus;	34	Volkswagen Polo (not all configurations);
17	LADA 4×4;	35	Bogdan - all models;
18	LADA Samara;	36	UAZ and ZAZ - all models;

It should also be noted that not all types of complete sets of vehicle models that were included in the list by the government may fall under the program. In addition, you can only purchase a car with a subsidy, which at the time of purchase from the date of issue was not more than one year old. As for foreign-made vehicles, in order to fall under the state support program, they must be assembled on the territory of the Russian Federation, and the price for this vehicle cannot exceed the established maximum amount in rubles.

Requirements for borrowers

It should be noted that each bank has the right to establish its own requirements for loan recipients to purchase a car under the state subsidy program. But the main questions are the following:

• The age of the person receiving the loan is from 21 to 65 years. But in some organizations, the issuance of a loan is possible for persons over the age of 18, if they have a guarantor, as well as those who, at the time of the full payment of the amount for the car, will reach 75 years.
• The presence of a passport of a citizen of the Russian Federation indicating the place of registration or temporary registration in the region where the purchase of a car is planned.
• Providing a certificate 2-NDFL (on income) for the last 3 months from the place of permanent employment.
• A person wishing to receive a loan under the state support program must be officially employed and have work experience in the last place for a period of 3 months to 1 year. To confirm this fact, a copy of the work book is required, which was certified by an authorized person of the employing organization.
• A positive credit history of a person who wants to get a loan from a bank. It is important to know that not all financial institutions are critical of this requirement. For example, a citizen with a negative credit history can enlist a guarantor, or, as a pledge, provide the bank with additional property in addition to the car being purchased.
• The recipient of the loan can only be natural persons.

Some credit institutions make additional requirements, for example, the provision, in addition to a passport, of another identity document, most often a driver's license or a foreign passport. In some banks, on the contrary, special programs for state car loans are offered according to two documents. But in this case, the amount of the initial contribution can be significantly increased.

In addition, if the borrower retired at the time of receiving the loan, then he will need to present a pension certificate, as well as a certificate that is proof of the amount of pension he receives.

The legislation does not establish restrictions on the number of cars purchased under the preferential program. But banking institutions do not provide loans for two or more cars..

Banks that issue car loans under a preferential program

The legislation of the Russian Federation does not provide for a specific list of financial institutions that take part in the program of preferential state car loans. But certain requirements are put forward for banking organizations, which is why not all institutions receive accreditation for issuing preferential car loans.

Initially, only credit institutions with an authorized capital of at least 70 billion rubles, as well as with 50% of the shares owned by the state, could take part in the program. But due to the difficult economic situation, it was decided to lower the bar of requirements, which allowed more financial institutions to take part in subsidizing car loans.

Traditionally, the Ministry of Industry and Trade of the Russian Federation on its website publishes a register of those banks that were able to confirm participation in the state car loan program. This list is updated daily. At the same time, according to the officials, more than 90 banking institutions were able to get accreditation, among them processing up to 80% of all credit car sales in Russia. These include:

• Rosselkhozbank
• UniCredit Bank
• Sberbank
• Rosbank
• VTB 24
• Bank of Moscow

Offer from banks for a car loan with subsidies

It should be noted that if you want to buy a car under a subsidized loan program, it is best to contact car dealerships directly. In this case, the buyer is given the opportunity to significantly save his own time, since you can immediately find out which bank the salon cooperates with and on what conditions the loan will be issued. If the buyer wishes to cooperate with this bank, then right at the place of choice of the vehicle, he has the opportunity to apply for a loan.

The most common offers of banks:

Bank's name	Initial interest rate	Interest rate including subsidies
Bank of Moscow	15%	9,5%
UniCredit Bank	13,5 – 16,5%	8 – 11%
UralSibBank	16 – 17%	10,5 – 12%
Sberbank	15 – 17%	9,5 – 11,5%
Rosbank	16,5 – 21%	11 – 15,5%
Gazprombank	15%	9,5%
VTB 24	16 – 17%	10,5 – 11,5%
RosselkhozBank	15%	9,5%

Other banks that also take part in preferential state car loans:

Buying a car on credit under the program with state support for business

Despite the fact that the program of state subsidies for the purchase of a car on credit is designed exclusively for individuals, nevertheless, if there is an urgent need, you can also purchase such a car for business. To do this, the owner of the company, whether it is a legal entity or an individual entrepreneur, can make a purchase as an individual and apply for a loan for himself, as for a personal car. Of course, this method in some situations is not very convenient, but as an exceptional option for small businesses, it can be quite profitable. After all, the level of overpayment when applying for a loan with state support is much lower than when buying a regular consumer loan.

Of course, the state program clearly provides for the use of the purchased vehicle specifically for personal purposes. But in practice, the banks through which the purchase is made do not check the conditions under which the vehicle is used - it is more profitable for the bank that the borrower pay off the loan taken, and not return the collateral in the form of the purchased car. But still, in order to avoid unnecessary problems, it is recommended not to use such a vehicle as a taxi or a training vehicle.

A preferential car loan with state support is a real chance for many citizens of the Russian Federation to get a long-awaited car on more favorable terms. But before applying for such a loan, you should familiarize yourself with its conditions, as well as the list of cars that fall under the program.

What is the essence of the proposal?

The state program of preferential car loans in 2020 was created to increase demand for domestic cars. State support was in effect before, but this year the list of banks and models that became available to buyers was expanded.

The essence of the program is to provide discounts for the purchase of certain machines. So, if the size of the usual rate when applying for a car loan is 15.5 percent, then participation in the state program allows you to reduce it to the level of 10%. Such a decrease is possible due to the compensation of part of the funds by the state. As a result, the borrower pays less than 70% of the CBR refinancing rate.

It is known that the greatest peak in the popularity of car loans occurred in 2011, but after tightening the conditions of financial institutions, as well as increasing rates, the service began to be in less demand. But even today, the loan interest is not fixed and depends on many factors - the brand of the car, the banking institution (lender), as well as the period for which the loan is issued.

In which regions does the program work?

State support in the issue of preferential car loans is provided in many cities, including Nizhny Novgorod, Moscow, Volgograd, Novosibirsk, Rostov-on-Don, Chelyabinsk and others. Special conditions were in effect before, and in 2020 they were extended.

When choosing a suitable offer, the borrower must take into account that the rate depends on many factors - the loan processing period, the amount of the advance payment, as well as the volume of documents provided for consideration by the lender. The cost is also influenced by the availability of insurance - OSAGO and CASCO.

Old program terms

Previously, for the purchase of a car on credit under the state program, the following conditions were valid:

• The age of the car is up to a year.
• The price of a car that is bought on credit should be up to 1.15 million rubles.
• Vehicle weight - up to 3.5 tons.
• The amount of the advance payment is from 15% of the price of the car.
• The term for which a preferential car loan is issued is up to 3 years.
• The car must not be registered.

List of vehicles included in the program

In 2017, buyers' opportunities have expanded, because the list of cars under the preferential lending program has become much larger. It included not only budget cars, but also SUVs. So, the following brands and models take part in the state program:

1. Chevrolet (Cruise, Aveo, Cobalt).
2. Citroen (C4, C-Elysee).
3. Daewoo (Nexia, Matiz).
4. Ford Focus.
5. Hyundai Solaris.
6. Kia (Ria, Sid).
7. Lada (Granta, Kalina, Priora, Lagrus, Samara, 4x4).
8. Renault (Duster, Logan, Sandero).
9. Skoda (Octavia, Fabia).

The list also includes models of other brands - Mazda, Mitsubishi. Opel, Peugeot, Toyota, Volkswagen, VAZ and Bogdan.

What are the requirements?

When applying for a preferential car loan, it is worth clarifying the requirements that banks impose on customers. As a rule, they differ little from the conditions relevant for obtaining a consumer loan. The main requirements are the presence of citizenship of the Russian Federation, as well as the age of the borrower in the range from 21 to 65 years. In addition, the client of a banking institution must be registered in one of the regions of the Russian Federation, be officially employed for 3 months or more.

A preferential car loan is possible if an advance payment of 15% or more is provided. Another important condition is the presence of a "spotless" credit history. If earlier there were problems with other banks, the preferential car loan service may be denied.

Please note that the requirements for a borrower in different financial institutions may vary. In the process of processing all documents, you must familiarize yourself with the terms of debt payment and hidden interest (if any).

Which banks provide the service?

It is worth remembering that not all financial institutions cooperate with the state on the issue of preferential car loans. Financial institutions providing this service include Rosselkhozbank, Sberbank, Rosbank, VTB-24 and other credit institutions. Before making the final choice, you should familiarize yourself with the conditions of each of the banks, because they may vary. The only thing that remains common is the currency of the loan (it is issued in rubles).

Below we consider the conditions of some banking institutions:

• Sberbank issues loans for domestic and foreign cars. The interest rate is in the range from 14.5 to 17%. The upper "ceiling" of the loan is 600 thousand rubles. Requirements - work experience for 6 months, certificate of income and age from 21 years. Advance payment - from 15%.
• VTB-24 issues up to a million rubles at 10% per annum for the purchase of domestic and foreign cars. The advance payment must be from 20%. The requirements of the lender include the age of the borrower 21-65 years, the presence of permanent registration, work experience of 12 months and a salary of 20 thousand rubles. In addition, the client must provide at least 2 contact numbers for communication.
• Gazprombank issues a preferential car loan at 7.5% and issues up to 510 thousand rubles. The car or property itself is accepted as collateral. Registration of CASCO insurance with an annual renewal is a prerequisite. Advance payment of 20% or more.
• Raiffeisenbank issues loans for Russian and foreign cars at 11.83% per year. The top amount you can count on is 510 thousand rubles. In this case, the age of the client must be from 24 years. The first payment is from 15% of the car price.

No less favorable conditions are offered by other financial institutions - Loko-bank, Uralsib, Metokombank and others.

When applying for a preferential car loan, it is worth considering that there are no clear rules for a particular organization. State structures have issued a formula by which the calculation is made, and subsidies are made only in relation to term loans.

The loan rate is directly dependent on the Central Bank refinancing percentage, and the calculation is made using a simple formula. So, to calculate the interest rate, it is necessary to subtract the product of "2/3" and the refinancing rate from the current interest on this type of loan. For a better understanding, let's take an example. If the bank issues car loans at a rate of 22% per annum, in the preferential car loan program this percentage is lower - 22 - (14*2/3) = 12.67%.

Advantages and disadvantages of the service

The preferential car loan provided to car owners in 2020 has its own nuances. The advantages of the service include:

• Possibility to get a vehicle of the model you are interested in at a lower interest rate.
• Availability of not only Russian cars, but also cars of foreign production.
• The choice of banking institutions that are part of the program is wide enough to find the most suitable option.
• The initial payment is relatively small and amounts to 15% of the cost of the car.

Despite the large number of positive qualities, it is impossible not to highlight a number of negative features:

• The loan period is relatively short, which creates certain difficulties in repaying a car loan.
• The car should have a price of no more than 1.45 million rubles.
• You can only buy a new car.
• The service is provided only in national currency.

What changes took place in 2017?

The Prime Minister of Russia signed a resolution according to which preferential car loans, which were in effect in 2016, were extended to 2017. The necessary documents are posted in the public domain on the government website. The main innovations include an increase in the cost of an affordable car. If earlier this parameter was 1.15 million rubles, now it has increased by 300 thousand. The decision is due to the desire to compensate for the current increase in the cost of cars.

The changes also affected the process of forming the interest rate. So, in 2017, the maximum discount on the service cannot be more than 6.7% of the loan rate. About 10 billion rubles have been allocated to finance this program, and the expected volume of cars sold at a reduced price can reach 350,000 units.

In the first three months of 2017 alone, the program sold 171,000 units, half of the planned number. By the way, in 2016, about 740 thousand cars were sold under the state support program.

In 2017, according to the government, cars will be in great demand. In addition, it is planned to introduce new programs in the near future, for example, “Own Business” or “Russian Tractor”. In general, the authorities allocated more than 60 billion rubles for the development of the domestic manufacturer. At the same time, it is planned to sell at least 750 thousand cars in 2017.

More than 20 models of crossovers with a price of up to 1.45 million rubles fell into the updated state support program when applying for a car loan. This number includes Hyundai Creta, Renault Duster and Kaptur, Kia Soul and Sportage, Volkswagen Tiguan, Jilly Emgrand X7, Ford Kuga, Chevrolet Niva, Chery Tiggo and others.

Due to the expansion of the list, more cars are available to customers in various trim levels.

New conditions for car loans

In 2017, new conditions for obtaining a preferential loan came into force:

• The car should be released in 2016, 2017.
• Loan term - up to 3 years.
• The maximum price of a car is 1.45 million rubles.
• The list of available cars includes new crossovers.

For more details, you should contact the car dealership of your city.

To stimulate the auto industry and the lending market - these are the main tasks of the state program of preferential car loans. The state compensates part of the rate on car loans to banks in order to make them more affordable for borrowers. Which banks and under what conditions issue preferential loans for the purchase of a car - in our review.

State program of preferential car loans: results and forecasts

The Russian government has extended the program of preferential car loans for 2017. The total amount of funding for the program is 10 billion rubles. The program is aimed at stabilizing the volume of production and sales of cars, maintaining jobs and employment of employees of automotive enterprises and related industries, creating attractive conditions for purchasing cars on credit, the Cabinet of Ministers specified.
It is assumed that at least 350,000 cars will be sold under the program on credit at a reduced rate. At the end of 2016, under the program of preferential car loans, with a plan of 270 thousand units of equipment, 324 thousand cars were sold at a preferential credit rate, which exceeded the plan by 20%.

« The first results are evident: every third car that is sold on the market is due to state support. All this applies specifically to Russian production, Russian assembly. Imported cars are not subsidized. Our bestsellers are Avtovaz cars - LADA, KIA, HYUNDAI, VOLKSWAGEN, RENAULT. We proceed from the fact that those companies that have launched import substitution programs in a timely manner are winning and dominating the market today due to this", - said the Minister of Industry and Trade of the Russian Federation Denis Manturov.

Conditions of the state program of preferential car loans in 2017

The maximum cost of a car sold under the program has been increased from 1.15 million rubles to 1.45 million rubles. In 2015, the maximum cost of a car under this program was limited to 1 million rubles, and in 2016 - 1.15 million rubles.

In 2017, preferential loan agreements are concluded on the following terms: loans are issued in rubles from January 1, 2017 to December 31, 2017 inclusive for the purchase of new cars manufactured in 2016 or 2017. The cost of the car does not exceed 1.45 million rubles, and its gross weight is 3.5 tons.

The loan is secured by a pledge of the purchased car, it is necessary to make an advance payment in the amount of at least 20% of its value. Loan term - no more than 36 months. The size of the discount on a car loan will be 6.7%. Thus, with an average car loan rate of 16.2% on preferential terms, it will drop to 9.5%.

Preferential car loans in 2017, the offer of Russian banks

Table "Auto loans with state support in Russian banks"

	bank, credit	Min. bid	Max. sum	Max. term
	Vkabank, State Program		920 thousand rubles
	Energy Bank "Autohit State Program"		920 thousand rubles
	Soyuz Bank, Classic State Program		920 thousand rubles
	Bank Khlynov, State Program		920 thousand rubles
	Niko-bank, "State program"		920 thousand rubles
	Chelyabinvestbank, "State program for a passenger car"		920 thousand rubles
	Soyuz Bank, "Two Documents State Program"		920 thousand rubles
	Tatsotsbank, State Program		920 thousand rubles
	Kurskprombank, State Program		920 thousand rubles
	Svyaz-Bank, State Program		920 thousand rubles

Data: May 2017

Lowest rate

From 6.83% per annum in rubles - on a loan "State program" in Vkabank.

• The rate can reach 13% per annum. This range of rates is relevant when applying for CASCO when buying a new car.
• In the absence of CASCO, the rate will be from 13% to 15% per annum in rubles.
• The loan amount is up to 80% of the amount of the purchased car. But the cost of a car on a car loan with state support should not exceed 1.15 million rubles.
• The minimum down payment is 20% of the cost of the purchased car.
• The state subsidy program applies to new domestic and foreign passenger cars, 2016-2017. issue, worth up to 1.15 million rubles and weighing up to 3.5 tons.
• The loan is provided for a period of up to 3 years, for an amount not exceeding 920 thousand rubles.
• Requirements for the borrower: age (18-60 years, up to 55 years for women at the loan repayment date), permanent registration at the place of obtaining the loan, length of service at the last place of work - 24 months, proof of income (certificate 2-NDFL).
• No fees
• Provided to pensioners and individual entrepreneurs.

Possibility to choose the payment method

stipulated by the loan "Autohit State Program" at the Energy Bank.

• It is issued on standard terms - for a period of up to 3 years, for an amount of up to 920 thousand rubles (with a maximum cost of a car - 1.15 million rubles and a minimum down payment of 20% of the cost of the purchased car).
• An important advantage is the ability to choose the method of repaying the loan - differentiated or annuity payments.
• The first option is not so beneficial for the borrower: with an annuity, the lion's share of payments in the early years is interest, but the body of debt, on the contrary, decreases very slowly. Therefore, the total amount of interest paid on such a loan is higher.
• The rate will depend on the down payment and will range from 7.33% to 8.33% per annum. + 3% to the base rate - in the absence of prolongation of CASCO; + 1% for individual entrepreneurs, founders and / or owners of 50% or more shares / shares in the authorized capital of the employing company.
• A commission is charged for transferring funds to a car dealership in the amount of 0.5-1% of the loan amount (min. - 20 rubles, max. - 1,500 rubles).
• Requirements for the borrower: age (21-62 years old, up to 57 years old for women at the loan repayment date), permanent registration at the place of obtaining the loan, length of service at the last place of work - 4 months, proof of income (not required with an initial payment of 30% ).

Choose a loan repayment method - differentiated or annuity payments

also possible with a loan "State program" at Kurskprombank.

The loan is provided for a period of up to 3 years, in the amount of 55 thousand rubles, at a rate of 8.5-10.5% per annum in rubles.

• It is possible to register the car as the property of a third party (it is obligatory to involve him as a co-borrower).
• Requirements for the borrower: age (21-65 years), permanent registration at the place where the loan was received, length of service at the last place of work - 6 months, proof of income.
• The advantage of this loan is that it can be repaid in differentiated payments, which is beneficial to the borrower.

Without proof of income and with a minimum of documents

you can get a loan "Two Documents State Program".

• The loan term is up to 3 years, the amount is up to 920 thousand rubles, the rate is 8-10% per annum in rubles (personal insurance does not affect the rate), the minimum down payment is 20% of the cost of the car.
• Income verification is not required.
• Documents: passport and second choice (foreign passport/driver's license/military ID).
• Requirements for the borrower: age (22 years - 65 years), permanent registration at the place of receipt of the loan, experience at the last place of work - 3 months, total - 1 year.

Everyone knows that a program for preferential car loans is operating on the territory of the Russian Federation.

However, few of our citizens know how to take part in it?

What are its goals and objectives? What car can you buy? In which bank you can use this service and so on.

For this reason, we will consider all these nuances in more detail.

Goals and objectives of this state program

For the implementation of this program, the Government of the Russian Federation allocated about 1.5 billion rubles.

These investments will make it possible to sell about 200,000 new cars.

The program of state preferential car loans allows any banking institutions and credit organizations to participate in it. At the same time, by providing loan at a reduced interest rate, creditors can compensate for their damage at public expense.

The purpose of this program is to lower the interest rate by 2/3 of the refinancing rate(the rate is 14%).

Take, for example, the standard bank rate on a car loan is about 18%. If we take into account that the discount for program participants is 9.33%, then it is not difficult to calculate: 18 - 9.33 \u003d 8.67% - the future rate with a discount on a car loan.

In addition to this task, there is another. It lies in the so-called stimulating the banks themselves. This implies the development of banks, their exit to a new level of work.

It is worth noting that such a program already existed back in 2009, but then the conditions were much tougher than now. But even in that year, the program showed its best side and allowed the domestic auto industry to be slightly brought to a new level.

Advantages and disadvantages

The preferential car loan program itself is, in fact, a banking product, and therefore requires some kind of collateral. In this program collateral is directly the car itself, which is purchased.

At the moment when the borrower fully repays the entire debt, the vehicle passes into his possession in full.

To date, many banks in the Russian Federation offer the opportunity to participate in this program, so there will be no problems with choosing a lender.

In most cases, they create several programs, namely:

• the ability to obtain a loan without the availability of documents that confirm solvency;
• or without CASCO.

In addition to this, to benefits state preferential car loans include:

• need for a minimum down payment
• the possibility of self-selection of a program for preferential car loans;
• low annual interest rate.

Moreover, if a potential borrower already has a salary bank card, he can contact his bank (where this card is issued) and apply for a car loan at a discount in it, and at the same time receive an additional discount.

Speaking of possible program shortcomings

• the presence of a relatively short credit period;
• limited choice of cars (the price of allowed cars is in a certain range);
• the program does not allow you to purchase used vehicles.

But, despite the presence of such shortcomings, most motorists still perceive this program positively. Often, such programs are aimed primarily at stimulating the domestic car sales market and, of course, this is a big plus for the state:

• the possibility of a sharp increase in the level of production of domestic cars (growth of the Russian car industry);
• increase the country's budget due to the growth of domestic vehicles;
• an opportunity for domestic manufacturers to upgrade their equipment by increasing their profits.

Without a doubt, this program is also beneficial for ordinary motorists. After all, you must admit, it is rare when there is an opportunity to get a new car on a loan, the interest rate of which is very attractive.

Terms and conditions of participation

The program of preferential car loans in 2019 includes fulfillment of such conditions:

Requirements for borrowers

Due to the fact that banking institutions are still considered the key participants in the program, it is they who put forward their requirements for potential borrowers.

Thus, key requirements Borrowers are considered to be:

• guarantors;
• or a pledge.

Documentation

As with any loan, it is necessary to prepare and present to a banking institution list of such documentation:

• original and passport of the potential participant of the program;
• certificate of average salary;
• work book;
• certificate of the presence of an official place of work;
• at the choice or at the request of the bank a pledge or guarantors;
• pension certificate (if the applicant is a pensioner);
• if there are any benefits, you will need to provide confirming certificates.

Which vehicles are eligible for this program?

Due to the fact that a car can only be purchased with a maximum cost of 1 million rubles, the choice, frankly, is small.

But, despite this, the participant of this program can acquire from car brands:

In addition to these brands, you can purchase starter kit models:

• Toyota Corolla;
• Opel Astra;
• Mitsubishi Lancer;
• Ford Focus;
• Mazda 3.

It is worth noting that in the event of a price change, the list of these cars can be both expanded and, accordingly, reduced.

Which banks participate in the program, their additional bonuses and conditions

A huge number of banks participate in this program.

Let's consider each of them separately.

VTB 24

In this bank, you can get a loan in the amount of 800 thousand rubles, with interest rate from 8%. The loan period itself is exactly 3 years.

If we talk about the size of the down payment - not less than 20%. The vehicle that is being purchased acts as collateral.

AK Bars

The Bank provides an opportunity to participate in this program on such conditions:

• the loan amount varies from 50 to 990 thousand rubles;
• the loan period is no more than 3 years;
• the annual interest rate starts from 9.3%.

If speak about additional requirements of the bank, then they are as follows:

• the average percentage of the down payment is about 25%;
• mandatory provision of a deposit (you can purchase a car);
• compulsory insurance policy.

Sberbank

Sberbank has the opportunity to get a loan in the amount up to 700 thousand rubles.

Speaking of the rest conditions, then they are as follows:

• crediting period - 3 years;
• the annual interest rate is from 8%;
• the initial payment is not less than 30% of the total loan amount.

Perhaps the largest number of additional requirements is in this bank. In particular, these are additional conditions, How:

• registration of an insurance policy;
• mandatory presence of collateral;
• there is no possibility to repay the loan ahead of schedule.

In this bank conditions are as follows:

Additional requirements:

• the initial contribution is 20%;
• obligatory availability of a life and health insurance policy;
• CASCO.

Gazprombank

Basic conditions program loans:

• The loan amount varies from 90 to 637.5 thousand rubles;
• Loan period up to 36 months;
• The annual interest rate starts from 8.5%.

Additional requirements:

• a down payment of 20% of the total loan is required;
• availability of a life and health insurance policy of the borrower.

The effectiveness of this program and development prospects

According to the Government of the Russian Federation, this program in the first months of its existence was able to dramatically increase the level of competitiveness in the domestic auto industry market.

Moreover, the level of sales of domestic cars was able to increase by more than 20%.

Due to the pace of such development and considerable capital investments, the program has been extended until the end of 2020.

This will allow the residents of the country to renew their vehicle fleet with new cars, and the production itself to reach a new level of development and thereby become competitive enterprises in this direction.

News for 2019

The Cabinet of Ministers of the Russian Federation announced the extension of preferential car loans with state support until 2020 and some additional benefits for residents of the Far East in the form of a discount of up to 25% on the down payment on a loan for the purchase of a new car of domestic production.

According to the head of the Ministry of Industry and Trade, in 2019, about 10 billion rubles were allocated from the state budget to subsidize sales of domestically produced cars.

The conditions of this state program are described in the following video:

Due to various factors, buying a car today is a problem for many people. Often there is not enough money for a new high-quality car, so the First Car program has been developed. Started operating on July 1, 2017.

By promoting this and other projects, the government is supporting the automotive industry, stimulating production and saving thousands of jobs. Everyone can take advantage of the wonderful opportunity to purchase the vehicle of their dreams.

Of course, as in every barrel of honey, there is a small fly in the ointment: you have to say goodbye to bonuses for car recycling and trade-in, the government has made a strong-willed decision to refuse them.

It is predicted that by the end of this year, under various programs, citizens will buy about 400,000 cars that have rolled off Russian conveyors over the past two years.

Conditions of the First Car program in 2017

Let's move on to a more specific and detailed consideration of the conditions of the program. In order to buy your first car, you must have the citizenship of the Russian Federation. Without a driver's license, do not even dream of taking a loan under this program. First go to a driving school, learn the rules of the road, pass a driving test, and after that go to the bank, for the time being by public transport to apply for a loan.

At the bank, you will need to show a report that the credit bureau will provide you showing that you did not sign any other car purchase agreements in 2017. That is, that you never had a car and could not have.

After that, you will have to write a statement that you undertake not to draw up any other contracts in the current year that would provide for the purchase of a car. So what is left in the end. There are only three conditions:

• Be a citizen of the Russian Federation;
• Have a driver's license;
• Don't have a car.

Here it is necessary to clarify the second point. He excludes the possibility of buying a car according to the documents of his great-grandfather, who in his youth was good with horses on the collective farm, and he never had a driver's license. Or, make a purchase in the name of a minor child. These restrictions are provided in order to exclude motorists who are not clean at hand, who are tired of the old car, but the prices bite on the new one, and I want to save a decent amount. Only those people who actually did not have this vehicle before take part in the First Car program.

Employees of the driving schools of the country will not be left without work, it is easy to imagine what a wave of people will fill their classrooms and sit behind the wheel of training cars with instructors to practice driving skills.

So, if the first conditions are met, and there is a brand new driver's license in the purse, then the next stage is the direct execution of a loan agreement and possession of a brand new dream car. At the same time, expect that a dream can cost no more than 1.45 million rubles. For a debut behind the wheel - this is a lot of money.

The period for which it will be possible to draw up a loan agreement should not exceed 36 months, during this period of time the entire amount will have to be paid. Before applying for a loan, carefully calculate your financial capabilities, because, despite the fact that the loan is preferential, this does not apply to the terms of mandatory payments.

A big advantage of the state program "The First Car" in 2017 is the ability not to pay the first installment.

One of the main parameters of the loan agreement is the annual interest rate, in which case it will please the buyer, because it is only 11.3% per annum, and this is the maximum value. If you wish, you can go through financial institutions, and in any case, get a better offer, because they are interested in attracting customers, and competing with each other, lower the value of the loan rate.

But that's not all. If you take a loan and at the same time pay the first installment, then a 10% discount is provided. Of course, the most profitable purchase option will be if you make the highest possible down payment.

Please note that with a discount until the end of the year you can buy only one car, without a discount - the number is not limited: buy as much as you like and your wallet.

List of cars that are provided under the state program of 2017 "The first car"

Skeptics will immediately think that under the terms of the program, their first car will not be the one they expected when they saved money for it. But then they made a mistake, the list includes good cars of foreign and domestic brands.

• Nissan X-Trail;
• Mazda CX-5;
• Volkswagen Tiguan;
• Ford Kuga;
• Hyundai;
• Renault;
• Skoda;
• Lada;

Every fourth car purchased under these conditions is a Lada. For the flagship of the domestic automobile industry, this is a significant support, 2/3 of all Togliatti cars are sold with the help of discounts. There are also a lot of foreign brands that participate in state programs: from a third to a half of all cars.

Lending under various programs, including for the purchase of the first car, began to operate in 2014. In fact, in 2017, the government made some adjustments to expand its capabilities. The program is scheduled to run until the end of this year.

But life always makes its own adjustments, everything will depend on the economic performance of the entire industry, including the automotive industry. Most likely, it will operate until the economy starts to grow in order to support the domestic manufacturer, because one of the conditions is that the car must be assembled at Russian factories.

The interest of banks in issuing preferential loans under the First Car program is quite high. Everyone is fighting for a client, you can choose from a large list, in which there are about 90 participating banks. Some of them:

• Sberbank of Russia;
• VTB 24;
• Gazprombank;
• Rusfinance Bank;
• Credit Europe Bank;
• Toyota Bank;
• UniCredit Bank.

When buying a car in a car dealership, you can always check the list, as it is updated all the time. Each bank has its own conditions for obtaining a loan, so you need to carefully study them before choosing a particular financial institution, nuances are always possible. For example, some issue a loan only according to their list of cars, others require health and life insurance for the borrower, others will want a down payment that you cannot afford or additional guarantees. In any case, it is more profitable to issue a soft loan, it helps to reduce the level of payments, and this, in turn, has a positive effect on the family budget.

Cities in which the First Car program operates

It is important to clarify that since one of the main conditions for obtaining a loan under the "First Car" program is the presence of a passport of a Russian citizen, no matter what city of the country you live in, wherever the banks participating in this program are located, it is possible to purchase a car .

Surprising but true!
Some interesting facts for those who dream of buying their first car. Over its long history, cars have changed their appearance, all the time designers have worked tirelessly to improve technical characteristics.

• In recent years, electric vehicles have begun to compete with traditional ones. Interestingly, the first car in history to reach a speed of 100 km / h was an electric car. The engines were located on the rear wheel hubs, it happened in 1899, by historical standards, quite recently.
• In the world-famous Volkswagen Beetle, the windshield sprayer was powered by the pressure of the spare tire, which was located under the hood.
• Steve Jobs agreed to buy a new Mercedes every six months. The fact is that this period, according to the laws of the state of California, you can drive without license plates. The owners of the car dealership, after Jobs returned the car and took a new one, sold the one driven by the head of Apple for much more. This is such a mutually beneficial cooperation.