VTB clients will be able to receive up to 1.5 million rubles to buy a car from a dealer or an individual. The loan rate will depend on the choice of the bank’s programme and will range from 5.5 per cent, according to the bank’s press service.
It is noted that to receive a loan to buy a car, a client must be registered on the official portal of the Federal Tax Service, and also be self-employed for more than three months. The minimum down payment on a loan is 20 per cent. Of the documents, one only needs a passport and a driver’s license, as well as a taxpayer identification number. Proof of employment and incomes will not be required.
Thus, as part of VTB programmes, you can purchase both a new car and a used one, including a domestic brand. An application for a car loan can be made at any of the bank’s partner dealerships or VTB office. You can also buy a used car from the previous owner (an individual) without the participation of a dealer. In this case, an application for a car loan is made at the bank’s office. It is specified that self-employed can apply for a car loan from VTB for up to 5 years.