Auto loan
The loan is issued for the purchase of vehicles of domestic production.
Auto loan
Preliminary calculation. It is not a public offer
Purpose of the loan:
Designed to purchase cars from the primary market
Loan terms:
| Term | Annual interest rate | Down payment amount | Grace period |
|---|---|---|---|
| up to 3 years | 24% | 20% of the loan amount | up to 3 months |
| up to 3 years | 23% | 36% of the loan amount | up to 3 months |
| up to 3 years | 22% | 50% of the loan amount | up to 3 months |
| up to 4 years | 25% | 30% of the loan amount | up to 3 months |
Loan security:
- a vehicle to be purchased (the vehicle must be insured commensurate with the loan period);
- insurance policy confirming credit default insurance in favour of the bank before pledging collateral for the vehicle to be purchased;
- a third-party guarantee based on the Bank's Credit Policy requirements.
Required documents:
- a copy of the passport;
- a sale contract for vehicles sold domestically through an official dealers network.
Information on the income of a borrower (co-borrower, individual guarantor) is obtained from the State Tax Committee (STC) database If the information is not possible to obtain from the STC database (should an application for a loan be submitted by citizens not paying income tax, having income tax benefits, as well as should technical failures occur in the STC database and information system of the Bank) it is provided by the borrower (co-borrower, individual guarantor).
Security documents:
- A security deposit of 40% of the amount of the purchased vehicle.
Documents required from the guarantor if a third party guarantee is provided as the loan security:
from an individual guarantor:
- a copy of the passport (an original is provided).
from a legal entity guarantor:
- the balance sheet and appendices of a guarantor company;
- auditor's opinion;
- minutes of the meeting of founders agreeing to issue the guarantee;
- Constituent documents (Certificate, Regulations and Articles of Association).
Tariffs for Auto loan:
| Loan term | Annual interest rate | Down payment amount | Grace period |
|---|---|---|---|
| up to 2 years | 25% | 40% of the loan amount | No grace period |
| up to 3 years | 26% | 30% of the loan amount | No grace period |
Documents to download:
Benefits of a loan from Alokabank
Fast
decision making
processing the application
as soon as possible.
Issuance of a loan
on the day of application
use the funds immediately
after receiving the loan.
Minimum
documents
a passport is enough
to open a loan.
How to get a loan?
It takes
about 5 minutes on average
We make a decision
within 15 minutes
at the nearest branch
Take your documents with you