List of cars under the preferential state program. The program “First car. How to get a loan from Cetelem Bank to buy a car

The preferential car loan program is a form of government subsidy for workers that allows them to purchase a new car on credit on attractive terms. The program was first implemented in 2009, its main goal is to support the domestic automotive industry.

Every year, the state allocates significant amounts of funds from the federal budget, through which citizens receive subsidies for the purchase of a vehicle, and car dealerships and manufacturing plants do not lose profit.

As statistical data show, a car loan with state support stimulates consumer activity of citizens, so it was decided to extend the program in 2019. But in order to receive a subsidy, certain conditions must be met.

What is financial support?

The essence of the special program “car loan with state support” is to provide borrowers with compensation for a portion of the amount of the issued car loan from the federal budget.

Thanks to subsidies, the interest rate on the loan drops by 2/3 of the key rate of the Central Bank, which today is 6.7 points.

What does this look like in practice? A borrower, when applying for a car loan at any bank, pays not 16%, but 16-10*2/3=9.3%. The remaining expenses are paid by the state, as a result of which the car dealership and the financial institution do not incur losses.

The main condition is that the future car owner must choose a vehicle from an approved list of models produced by the domestic automobile industry. The car traditionally becomes collateral for the loan for its entire term. Since July 2017, when purchasing a new car, the borrower is given an additional 10% discount when paying the down payment. The discount is calculated as a percentage of the cost of the purchased vehicle.

This type of loan quickly became of interest to the public as an affordable way to purchase transport. Today, the preferential lending program is supported by 70 financial organizations, among which the sales leaders are Sberbank, VTB-24, Rosbank, Rosselkhozbank.

In general, the list of available models in 2019 includes more than 50 items.

Car loan terms

Those borrowers who decide to participate in the state support program for domestic auto manufacturers should familiarize themselves in advance with the requirements for the vehicles they are purchasing:

The permissible cost of a car does not exceed 1 million 450 thousand rubles.
The maximum loan term is 36 months.
The down payment is at least 20% of the total cost of transport.
Acceptable currency is only Russian ruble.
The total weight of the vehicle is no more than 3.5 tons.
Only a new car can be taken out on credit.
Equipment with ERA-GLONASS auto-system.
Purchase of domestically assembled vehicles from the agreed list.
No more than 1 car per person.
The applicant has a valid license.

Often those wishing to purchase a car have disagreements with the bank over the concept of “new”. So that future borrowers do not have questions about this, it is worth clarifying the situation.

A car is considered new if the following conditions are simultaneously met:

The “age” of the car is not older than 1 year.
Mileage - no more than 6000 km.
There is no mark on registration with the traffic police.

Available cars

Initially, the state car loan program allowed the purchase of only Russian vehicles. Today, bank clients have access to foreign brands of cars assembled and produced at Russian factories.

List of available models:

Brand	Model	Notes	Brand	Model	Notes
Bogdan	The entire model range		Mitsubishi	Lancer	Options are limited
Chevrolet	Aveo	Options are limited	Scoda	Fabia	Options are limited
	Cobalt
	Cruze			Octavia
	Niva
Citroen	C4	Options are limited	VW	Polo
	C-Elysee
Daewoo	Nexia		Toyota	Corolla	Options are limited
	Matiz
Ford	Focus	Options are limited	Opel	Astra	Options are limited
Hyundai	Solaris		UAZ	The entire model range
KIA	Rio	Options are limited	ZAZ	The entire model range
	Cee'd
LADA	Kalina		Renault	Logan
	Kalina
	Priora			Sandero
	Largus
	Samara			Duster
	4x4
Mazda	3	Not all configurations	Nissan	Note	Not all configurations
				Tiida
				Almera

In the future, the list will include several more models from Hyundai, Renault and Nissan, which are currently under consideration by the Ministry of Industry and Trade.

The presented foreign cars are available mainly in minimal configuration.

Where can I get a loan?

At the beginning of its existence, the state program allowed the issuance of a car loan only in the bank whose founder list included the state.

Over time, financial organizations began to show interest in preferential loans, and by 2017 the list of banks expanded to 70.

It includes both large federal banks (Sberbank, Rosbank, Alfabank) and regional organizations (Uralsib, Gazprombank, Verkhnevolzhsky CB).

The list of participating banks is constantly changing due to the current financial situation in the country.

Today, the leading banks in terms of the number of concessional loans issued are:

Rusfinance.
Unicredit.
Sberbank.
Rosselkhoz.

The conditions of the listed banks are approximately the same, and the rate fluctuates between 15-19%.

Among the general requirements for financial organizations from the Ministry of Industry and Trade is a minimum interest rate limit. It should not rise by more than 10% of the Central Bank key rate. In 2017, the upper limit was 20%.

Requirements for borrowers

To obtain a preferential car loan, banks put forward requirements not only for the vehicle being purchased.

Future borrowers must comply with certain conditions:

Citizenship of the Russian Federation.
Must be at least 21 years of age and not over 65 years of age.
Availability of permanent or temporary residence in the region where the loan is provided.
Work experience in the last place for at least 12 months.
Have two or more minor children.
Possession of a driver's license.
Buying a vehicle for the first time.
The borrower must not have other car loans (confirmation from the BKI) and declare in writing that no new loans will be concluded during the year.

In addition, the client will have to prepare a package of documents:

Russian Federation passport with registration stamp.
Additional identification document.
A copy of the employment contract and work record book.

The list of certificates is not final and may vary depending on the conditions of a particular financial institution.

Thus, some banks provide the opportunity to obtain a car loan with just one passport, but only for those employees of corporate clients (this includes persons receiving wages on the card of this bank). Other organizations, for example, Sberbank, allow the issuance of a loan using only two documents, but only by increasing the down payment.

The reason for refusing a loan is the negative history of the borrower, as well as children under the age of 6 months (for women).

Dear readers!

We describe typical ways to resolve legal issues, but each case is unique and requires individual legal assistance.

To quickly resolve your problem, we recommend contacting qualified lawyers of our site.

Last changes

Attention! The 10% discount received under this state program is considered a property benefit (income), therefore it is taxed. As the Ministry of Finance of the Russian Federation explains, there are currently no plans to make amendments to the Tax Code of the Russian Federation. Consequently, everyone who has already purchased a car under such a program will in the near future receive tax notices about the need to pay a personal income tax of 13%.

The results of the past year showed that thanks to organized state subsidies, the sales plan for passenger cars was exceeded by 20%. From this it follows that the preferential car loan program is an effective sales tool.

This program may be extended in 2018. In addition, the government will add new targeted programs. At the same time, a new increase in the maximum threshold for the cost of a vehicle is planned in 2018. This solution will expand the range of models offered to customers on preferential terms.

Our experts monitor all changes in legislation to provide you with reliable information.

Subscribe to our updates!

Preferential car loan program

February 15, 2017, 18:54 March 3, 2019 13:50

Everyone knows that there is a program for preferential car loans in the Russian Federation.

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

What goals and objectives does it entail? What kind of car can you buy? Which bank can you use this service at 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 allow the sale of about 200,000 new cars.

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

The purpose of this program is to reduce the interest rate of the loan at 2/3 of the refinancing rate(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 = 8.67% - the future discount rate on a car loan.

In addition to this task, there is another one. It consists in the so-called stimulating banks themselves. This means the development of banks, bringing them 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 stricter than now. But even that year, the program showed its best side and allowed us to slightly bring the domestic auto industry 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 the collateral is directly the car itself that is being purchased.

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

Today, 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 get a loan without having documents confirming solvency;
or without CASCO.

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

minimum down payment required
the ability to independently choose 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 there, and receive an additional discount.

If we talk about possible shortcomings of the program

the presence of a relatively short lending period;
limited selection of cars (the price of eligible cars is within a certain range);
The program does not allow the purchase of 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 sales market for domestic cars 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 automobile industry);
increasing the country's budget due to the growth of domestic vehicles;
an opportunity for domestic manufacturers to modernize their equipment by increasing their profits.

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

Conditions and rules of participation

The preferential car loan program 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, they are the ones who put forward their requirements for potential borrowers.

Thus, key requirements Borrowers are considered to be:

guarantors;
or collateral.

Documentation

As with any loan, you must prepare and present to the banking institution list of such documentation:

original and passport of a potential program participant;
certificate of average salary;
work book;
certificate of official place of work;
at the choice of or at the request of the bank, collateral or guarantors;
pension certificate (if the applicant is a pensioner);
If you have any benefits, you will need to provide proof of identification.

What cars are included in this program?

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

But despite this, a participant in this program can purchase from cars of the brand:

In addition to these brands, you can purchase entry-level models:

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

It is worth noting that if the price changes, the list of these cars can be either expanded or reduced accordingly.

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 - no less than 20%. The car itself that is being purchased serves as collateral.

AK Bars

The Bank provides the opportunity to participate in this program at such conditions:

the loan amount varies from 50 to 990 thousand rubles;
the loan period is no more than 3 years;
annual interest rates start at 9.3%.

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

the average down payment percentage is about 25%;
mandatory provision of collateral (you can purchase a car);
mandatory registration of an insurance policy.

Sberbank

In Sberbank it is possible to get a loan in the amount up to 700 thousand rubles.

If we talk about the rest conditions, then they are as follows:

lending period – 3 years;
annual interest rate is from 8%;
down payment of at least 30% of the total loan amount.

Perhaps the largest number of additional requirements is in this bank. In particular, we are talking about such additional conditions, How:

registration of an insurance policy;
mandatory presence of collateral;
There is no possibility to repay the loan early.

In this bank conditions are as follows:

Additional requirements:

the initial contribution amount is 20%;
mandatory life and health insurance policy;
CASCO.

Gazprombank

Basic conditions lending under the program:

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 for 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 sharply increase the level of competitiveness in the domestic automotive industry market.

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

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

This will allow residents of the country to update their vehicle fleet with new cars, and the production facilities themselves 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 domestically produced car.

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:

In the article:

The state car loan program was specially developed back in 2009 and is aimed at stimulating citizens of the country to buy domestic cars, as well as Russian-assembled cars. The essence of the car loan subsidy under the state program in 2018 is to provide favorable conditions for the purchase of a new car. To become a participant in the promotion, you must meet the necessary requirements.

Requirements for participants in the subsidy program

Absolutely any citizen of the Russian Federation can become a participant in the car loan subsidy program, with registration in the subject where the purchase is planned. Banks providing such services usually impose the same conditions and requirements on borrowers. Differences may be in the list of documents provided or in the amount of the down payment, but the main requirements for the borrower include:

Citizenship of the Russian Federation;
Age from 21 to 65 years;
Availability of a permanent job with a minimum of 1 year of experience in the last place;
Confirmation of basic income by providing a certificate in form 2-NDFL;
Providing additional documents upon request of the bank.

The Ministry of Industry and Trade of the Russian Federation has extended the preferential car loan program for 2018.

An important nuance that concerns almost all banks participating in the state car loan program 2018.

The smaller the set of documents that can be provided for a car loan, the larger, as a rule, the down payment on the loan, in some cases up to 30% of the total cost of the car.

A negative credit history may result in a refusal to issue a car loan. Women with children under 6 months of age will also be denied a loan.

Conditions of the state program

You can’t get a car loan under the state program for just any car; it must meet the following requirements:

the age of the car from the moment of assembly to the moment of purchase should not exceed one year;
the maximum cost of a car is 750 thousand rubles;
the total weight of the vehicle is no more than 3.5 tons;
only Russian assembly;
The car should not have been registered before.

If you select a model that meets the above requirements, you can safely purchase a car on credit under the state program in 2018.

Requirements for borrowers

maximum loan term – 3 years;
down payment – 15% of the total cost of the car.

According to the terms of the program, the state assumes the cost of paying off the loan in the amount of 2/3 of the total cost of the car. For example, if a rate of 15% is specified when applying for a loan, then in reality the borrower will pay only 8%.

On the official websites of banks that participate in the promotion, you can calculate the size of a car loan under the state program in 2018 using a loan calculator. To do this, you must tick all the required fields in the appropriate section and click the calculate loan button.

Please note that the program will only show an approximate result of the expected loan amount and monthly payment. More precise conditions can be obtained by directly applying for a loan from a bank employee.

List of cars

A complete list of cars eligible for the government subsidy program can always be found on bank websites, where you can also calculate a car loan using a loan calculator.

The list of banks is not that long; it includes well-known companies, such as Sberbank, VTB, Rosbank, Bank of Moscow, Unicredit and Rosselkhozbank.

Each has its own requirements and conditions for preferential lending under the state program. If you go to the appropriate section on the website, you can find all the necessary information about cars.

The list of cars is quite extensive. It mainly includes domestic cars and some foreign brands assembled in Russia.

Lada, almost all models and modifications;
UAZ, including Patriot;
Volga;
Some Niva Chevrolet models;
Renaud et al.

More complete information must be clarified at the bank’s representative office if it is not on the official website. An important condition for obtaining a car loan under the state program in 2018 is that the required model must be on a special approved list. The presented list of items is gradually updated. Compared to 2014, in 2018 it was replenished with 50 additional models.

A car loan subsidy under the state program in 2018 allows you to purchase a car from the list of cars approved by the Ministry of Industry and Trade of the Russian Federation. The program was developed only a few years ago, but has already gained popularity among Russian citizens.

Despite the fact that there was a risk of oversaturation of the market for purchased cars, this did not happen. Some conditions for receiving subsidies have improved. The requirements for banks from the government have been relaxed and in the near future their list will only grow. And the successful operation of the program has led to the fact that the interest rate on car loans will gradually decrease.

This program was developed taking into account the crisis, which helped preserve jobs at domestic automobile factories and increase sales.

Conclusion

The car loan subsidy under the state program in 2018 managed to prove its effectiveness, even despite the unstable financial situation in the country. It allows you to purchase a long-awaited car on favorable terms. Additional insurance programs will allow you to remain confident in unforeseen situations. The promotion does not require a large down payment, and the low interest rate and small monthly payments will not be at all burdensome for the family budget.

A car is no longer a luxury for every person. Therefore, all citizens dream of having their own means of transportation. But, unfortunately, this is impossible to do as the crisis progresses. Annual inflation prevents people from saving for their dreams. Therefore, a financial product, a car loan, appeared on the financial market.

Now, to buy a car, you don’t have to deny yourself the necessary purchases and wait ten years to save up. By contacting the bank you will receive the necessary amount to purchase a specific car. Government support in the form of subsidies is in particular demand for this type of lending. So what is it?

What is the government program for subsidizing car loans and what is its essence?

According to Dmitry Medvedev’s instructions, in 2015 there was resumption of the subsidy program.

The state program for subsidizing car loans is the provision of compensation to the bank to reduce the interest rate on a car loan. Banks receive for this an amount of 2/3 of the refinancing rate for each such loan issued.

And the borrower pays the bank the difference between 2/3 of the rate and the indicated interest. This mechanism has the opportunity to stimulate Russian citizens to purchase a specific car.

Car loan with government subsidies in 2016 and 2017

Requirements for the car and the borrower

Previously, all cars were subject to a subsidy program. But after reviewing its policy, the state removed several criteria in 2013. For example, until this year people bought exclusively new Russian cars. At a specific time, this rule no longer has any force.

Subsidizing car loans in 2016 provides for the following requirements for cars:

The price should not exceed 1 million rubles.
Vehicle weight does not exceed 3.5 tons.
The desired car was produced or assembled on the territory of the Russian Federation or a partner of the company.
The car has no previous owner and is not registered with the traffic police.
Age limit - car no older than 1 year.

Requirements for borrowers:

Age limit: 21-65 years old.
The buyer is an individual.
The borrower has Russian citizenship and corresponding registration in the territory.
The client is officially employed and can document this.
The borrower's work experience in the last place is at least three months, and the length of service according to the work book is a year.
Down payment on loan 10% of the cost.
Only positive credit history.
A child under six months of age will not be allowed to take out a car loan.

Interest rate calculation procedure

The subsidy program created unspecified conditions for each financial institution. It placed banking organizations within the framework and therefore few remained in the lending market. The state has put forward requirements for calculating interest and subsidizes only urgent ones.

The interest rate depends on the established refinancing rate of the Central Bank of the Russian Federation, and calculations are made according to the formula C = D – 2/3 x P, where C is the unknown interest rate for the borrower; D - current interest on this type of lending; R is the established refinancing rate in the Central Bank of the Russian Federation.

Example: the rate is 20%, and under the subsidy program it is 10.67%. Bet = 20-(14*2/3).

State program for subsidizing car loans in various Russian banks

Preferential car loan at Sberbank

Sberbank is a financial institution that has long established itself in the lending market. The state works actively with this institution, so all programs are aimed at it.

Borrowers are provided with several types of car loans using government funds:

Classic car loans.
Car loan based on two documents without additional income certificates.

A preferential car loan from Sberbank requires the following requirements for borrowers:

Client with Russian citizenship.
Age at the time of purchase of the loan is 21 years.
Work experience of at least six months and official earnings confirmed by a 2NDFL certificate.
Initial amount that must be available on the borrower's accounts 15% of the cost of the car.

Subsidizing a car loan at Gazprombank

Gazprombank. The subsidy program has been applied to this bank not long ago. Its effect extends to all regions of the territory where the bank has a branch.

The maximum amount for issuance is 510 thousand rubles.
The maximum loan term is 36 months.
Interest rates vary. Minimum 7.5%.

Loan funds are issued only after providing security in the form of purchased property or real estate. Fixed payments are calculated before signing the loan agreement. A mandatory condition is the purchase of a CASCO insurance policy and its annual renewal.

VTB24 preferential program

VTB 24 issues preferential loans for a period not exceeding three years.

The down payment on the loan is 20% of the price of the car.
The interest rate, minus subsidies, is 10%.

Car loan with state subsidies in Uralsib

Uralsib issues car loans at 6%. Depends on the individual characteristics of the borrower, as well as on the period of acquisition of obligations.

The first amount you are required to pay is 15% of the price.
You leave the title as collateral after completing the purchase of the car.
The bank lends only Russian cars.

State program for subsidizing car loans at Raiffeisenbank

Raiffeisenbank issues a loan for the purchase of a car at 11.83% per annum.

The loan term is 3 years.
Credit limit - 510 thousand rubles.
The down payment on the loan is 15%.
You can buy a car of domestic and foreign production.
Age limit is 24 years.

Preferential car loan at Loko-Bank

Loko-bank offers customers to purchase a car at a preferential interest rate of 8% per annum.

Registration of two documents.
The down payment is 20% of the cost.

Advantages and disadvantages of a car loan with government subsidies

Many people, wanting to buy the car of their dreams, do not dare to do so. After all, they do not know the shortcomings and problems of this type of lending.

The advantages of subsidized loans are:

Possibility of purchasing a specific car at a reduced interest rate. By reducing interest rates, the state allows you to buy a dream at a reduced price. This kind of promotion allows the Russian financial market to enrich itself from the number of people who want to save on purchases.
You can buy a car of various manufacturers.
A large number of banks that participate in the car loan subsidy program. This allows the client to decide on a financial institution independently.
The initial amount is only 15% of the cost.

Disadvantages of this car loan:

Short loan period. As a rule, all banks issue car loans for no more than three years.
Car cost should not exceed the amount of 750 thousand rubles.
The subsidy program allows you to purchase only a new car.
Lending occurs only in rubles.

Nuances

The subsidy program is set for a specific period of time. After its expiration, the program may simply not be extended. This decision remains with the Russian government.

The interest rate may differ between the agreed and final interest rate. Therefore, carefully study the contract and review all fines and penalties for failure to pay the monthly payment on time.

Before applying for a loan, you need to carefully study all reviews. They will allow you to understand what difficulties you may encounter during registration.

You can find out how a car loan with government subsidies works in 2016 under the interest rate subsidy program in this video:

The main conditions of the state program for preferential lending for the purchase of a car are the requirements for the weight and cost of the car, its year of manufacture, as well as some others. Subject to these conditions, the citizen-borrower has the right to count on a discount of 6.7 percentage points

The state program, under which citizens can take out a loan to buy a car on preferential terms, started in 2009. Since then, it has been renewed more than 5 times, each time changing some of its conditions. Preferential car loans continue in 2017.

Old and new program

The current program is regulated by Decree of the Government of the Russian Federation dated April 16, 2015 No. 364, approved under the chairmanship of D. A. Medvedev. It provides for the provision of subsidies not to trade organizations, but to financial institutions that issue loans for the purchase of transport. In fact, the subsidies are intended for banks so that they do not lose their income, which they would have received without preferential lending.

The project sets itself the task of developing the automotive industry and achieving high competitiveness in the market. In 2017, it is planned to allocate 10 billion rubles, this amount will be enough for 350 thousand units. cars

The preferential car loan program is only one of three government programs aimed at stimulating demand for motor vehicles. The other two are fleet renewal and preferential leasing. In 2016 alone, more than 600 thousand vehicles were sold under these projects, about half of which were purchased by individuals on credit at a discount.

Conditions for granting subsidies

The bank is provided with subsidies under the state program only if the conditions established by the Government are met. Accordingly, the bank requires its borrower clients to comply with them.

Basic conditions of the program as of 2017:

The vehicle must weigh no more than 3.5 tons.
The cost of the car should not exceed 1.45 million rubles.
The purchased car must previously be owned by citizens.
The purchased car should not be, including previously, on.
The vehicle must be manufactured no earlier than 2016.
A pledge agreement is concluded between the bank and the borrower, the subject of which is the purchased car.
The loan agreement between the bank and the borrower is concluded for a period not exceeding 3 years.
The loan must be provided before December 31, 2017.

The preferential interest rate is defined as the difference between the existing bank lending rate for the purchase of transport for individuals and the discount which cannot be more than 6.7 percentage points.

Report from Rossiya 1 TV channel correspondents about preferential lending:

Main differences from the conditions in force in 2015 and 2016

The main positive difference from the conditions of the current state project in previous years was the increase in the cost of purchased domestic cars:

In addition, if previously a down payment of 20% of the price of the car was required to receive a preferential loan, then in 2017 this condition is excluded.

Changes also occurred in the procedure for calculating subsidies - in 2015 and 2016, part of the bank’s remuneration was subject to subsidization, determined by the difference between the credit rate in force in the financial institution and 2/3 of the key rate of the Bank of Russia.

Additional requirements of banks

The above conditions for participation in the program are mandatory from the point of view of the Government of the Russian Federation. In turn, financial organizations that issue loans have the right to establish their own additional conditions and restrictions. For the most part, these are the requirements for borrowers:

The age of the borrower varies in each bank.
Citizenship is Russian Federation, but certain banks consider clients with foreign citizenship.
Down payment - although the Government has eliminated the requirement for prepayment, banks are playing it safe and establishing conditions for mandatory advance payment. Its size also depends on the credit policy of a particular bank.
Work experience - the borrower must confirm his solvency and the presence of a regular income. Typically, 3 to 6 months of experience is required.
Availability of registration at the place where the loan was received.
Insurance of the purchased vehicle.

It is worth noting that the lending rate for the purchase of a car is different in all banks. However, for the loan to fall under the terms of the preferential program, this rate should not exceed 18%. In other words, the highest interest rate on a loan with state support will be 11.3% (18% - 6.7%). Accordingly, if a loan product of a particular bank is offered on general terms at a lower interest rate, then the preferential interest rate will be even lower.

Which banks lend?

The full list of banks participating in preferential lending for the purchase and sale of vehicles will be known only on May 31, 2017. This is due to the fact that until this time, credit institutions have been given time to conclude an appropriate agreement with the Ministry of Industry and Trade to subsidize car loans.

It should be noted that in order to enter into an agreement, the bank must meet certain criteria:

there must be no overdue debt to the budget, including for the return of previously received subsidies;
must not be in the process of reorganization, bankruptcy or liquidation;
among the bank’s shareholders there must be no foreigners who own more than 50% of the shares;
there is a concluded agreement with a credit history bureau.

Today we can safely say that such giants of the financial sector as the Bank of Moscow and many others will definitely participate in the renewed state project and issue concessional loans.

Which cars are eligible for benefits?

Considering that the main goal of the renewed program is the development of the Russian automotive industry, it will be possible to purchase vehicles with preferential credit conditions only if they were produced on the territory of the Russian Federation.

According to the head of the Ministry of Industry and Trade D. Manturov, the current state program is successfully coping with the task assigned to it. Almost every third car in the country is purchased through loans with state support, and all of these cars are Russian-made (assembled). The sales leader is AvtoVAZ products (Lada, Renault Duster and other models, Kia, Hyundai, etc.).

Below is a list of some cars that will be possible to purchase with a preferential loan. Naturally, its cost also depends on the configuration of the purchased machine.

Table. List of cars eligible for preferential car loans

Model	Photo	Price (thousand rubles)
		from 1 152
		from 599
		from 1 369
		from 758
		from 1 324
		from 1 264
		from 546
		From 1 407
		from 599
		from 1 459

To summarize, it should be said that the state program of preferential car loans in 2017 will not only continue to operate, but will also delight motorists with new models that have appeared due to an increase in the maximum cost of the vehicle.