With downpayment starting from 30% of a vehicle's value and without an income statement form, Car Loan from Sberbank becomes even more accessible

Sep 01, 2012

September 1, 2012, Moscow – Sberbank has lowered its minimum downpayment required for receiving a car loan without confirmation of income and employment. From now on, getting a car loan at Sberbank has become even easier: With downpayment starting from 30% of a vehicle's value, you can obtain a decision on your loan application by providing only your passport and driving license (or any other document from the list posted at Sberbank's website). The loan application will be processed in no more than one day.

The lowering of the minimum downpayment for receiving the loan with two documents will not have any impact on the loan interest rate. It will remain at the same level, one of the most attractive in the market.

"This product was launched in February and it immediately became popular with our customers. Each month, about 40% of borrowers use the opportunity to receive a car loan by providing only the documents that most people keep in their pockets", said Natalya Alymova, Director of the Retail Lending Department at Sberbank of Russia. "We decided to meet the needs of our customers and make this product even more affordable."
In the framework of its car loan programs, Sberbank is cooperating with more than 3,500 dealerships. Sberbank customers can receive a loan for new or used car of any brand with the opportunity to buy the vehicle from Sberbank's partners on special terms. The list of such partners is posted on the bank's website. Customers, who receive their salary in an account with Sberbank, can obtain a decision on their loan application within two hours by presenting only their passport.

 

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Sberbank of Russia
Alexander Baziyan
Public Relations Department
tel. +7(495) 957 5721 +7(495) 957 5721
media@sberbank.ru

Sberbank of Russia is the largest bank of Russia that holds about 27 % of the Russian banking assets and employs nearly 240,000 people. The RF Central Bank is the founder and major shareholder of Sberbank of Russia OJSC, owning more than 57.6% of the voting shares. Other shares are held by more than 245,000 individual and institutional investors. The Bank has one of the largest networks in Russia: 17 regional banks, about 19,000 branch offices and internal structural divisions, as well as subsidiaries in Kazakhstan, Ukraine and Belarus, an affiliate in India, and representative offices in Germany and China. After the acquisition of Volksbank International in 2012, Sberbank has its representative offices in 9 countries of Central and Eastern Europe.

General Banking License issued by the Bank of Russia – No. 1481.

Official website of the Bank – www.sberbank.ru