Car Loans – Where and How to Get

Getting loans for the purchase of a car is widely popular. Thus, banks provide support to automotive manufacturers, in addition, this service is very convenient and the end user.

What it is? 

car loan

Car loans allows you to quickly place a loan on any model of automotive vehicles you like.

The schemes for granting loans by banks are different and involve taking a loan, both with and without a down payment.

The end consumer has the right to independently choose the model he likes for processing on credit.

The terms of the loan are discussed between the bank and the borrower on an individual basis, and several options are provided for selecting the final consumer at once.



Car loans imply standard transaction terms. Such schemes are suitable for those categories of borrowers who can not buy a car within a certain action or under standard banking programs.

The list of basic conditions of banks has the following form:

  • interest rates range from 19% to 32% per annum in rubles;
  • the terms of car loans are limited to a period of time from 5 to 7 years;
  • the minimum down payment ranges from 0 to 30% of the amount of the cost of the car;
  • for the purchase of a car by banks, amounts of funds from 100,000 to 7,000,000 rubles are provided;
  • in the majority of cases, the insurance of a transaction is required;
  • at the request of the bank’s client, additional insurance is possible;
  • the loan does not provide cars whose age at the time of debt coverage will exceed 12 years.

Car loans in 2019

Car loans in 2019

In the current year, programs are being launched to provide soft loans for the purchase of cars.

The government has already allocated over 1,500,000,000 rubles for the implementation of such programs.

Such lending schemes will help implement car purchase programs with a significant discount on purchases.


Features of car loans in 2019 are the presence of special preferential terms for the purchase of cars.

They consist in the dependence of the interest rate on loans on the refinancing rate of banks, which issue such loans.

The program of preferential car loans can reduce the interest rate by almost two times, by attracting government subsidies.

Where to get? 

Car loans are available in a number of banks in the country.

The table below contains information on several major banks’ proposals in this area.

The information provided is useful for those categories of bank customers who have not yet made a choice of a suitable lending scheme.

BankLoan amountCrediting termsPercent- 
rate of loan
Additional credit terms
CreamerbankFrom 110000 to 5000000Up to 7 years20-22% per annum in rublesThe possibility of acquiring a loan of both domestic and imported cars
Bank 24From 100,000 to 7,000,000 rublesFrom 5 to 7 years19-24% per annum in rublesThere is a possibility for the client to independently choose the loan repayment schedule.
Elfa BankUp to 6000000 rubles6 years23-26% per annum in rublesCredit conditions provide for the possibility of early repayment of the loan
Roses bankFrom 150,000 to 6,500,000 rublesUp to 7 years19-23% per annum in rublesSmall cars and trucks are provided on credit
Hunter BankUp to 5,000,000 rublesFrom 5 to 7 years25-28% per annum in rublesThe interest rate is adjusted individually in accordance with the wishes of the client.

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