Ranking of the best banks for a car loan for 2022

For people with a steady income and a keen desire to become the owner of a vehicle without delay, there is a great opportunity to take advantage of the offers of banks for car loans.

How to choose

At the initial stage, it is important to determine the main selection criteria and the terms of the contract:

• the duration or term of the loan;
• sum;
• availability of the first installment and its size;
• acceptable rate and overpayment rate for the entire period;
• purchase restrictions - dealers, used cars, free purchase;
• additional conditions - CASCO, pledge, vehicle insurance;
• the possibility of changing the terms of the contract and early payment.

Standard requirements vary depending on the lender. It is reasonable to make several applications under similar conditions in several banks and subsequently compare the most profitable option.

List of mandatory requirements

There are a number of restrictions on the provision of loans:

1. Russian citizenship;
2. permanent registration in the region;
3. length of service in one place with a given level of income, as well as separate requirements for the total length of service;
4. age categories;
5. provision of documents, possibly in the form of a bank with the right to request additional information or data from the Federal Tax Service.

Car loan security rules

Features of target programs are in special conditions:

• a pledge, which is the vehicle itself, until the moment of full payment, while free sale and exchange is excluded, is made only with the consent of the bank;
• goal - it is negotiated in advance, the client is not entitled to change the choice of the vehicle specified in the contract to another;
• insurance, which is not mandatory in all banks, but its availability significantly affects the percentage;
• with long loan terms and large amounts, lenders try to protect themselves by personal insurance of the client;
• when drawing up a sales contract with non-cash payment, the money goes directly to the seller, and only then the car is registered for the new owner;
• rates on used cars are often higher than on new ones;
• on the first installment, you can win the conditions - save up funds and only then take actions to complete the application, since the larger the starting amount, the lower the percentage;
• a positive credit history has a big impact on the interest rate;
• state support for car loans - preferential programs support a rate of 9.6% and apply to large families of health workers, however, not all banks are participants in subsidies.

Favorable moments

Some banking organizations offer debit cards with a fixed cashback after paying for the purchase of a vehicle. If early repayment is possible, the conditions for this item should be clarified in advance, the refinancing option can become an important element in the history of car loans.

On the Internet, you can turn to specialized sites where, when filling in the required calculation parameters and introducing filters, you can get a list of banks at favorable interest rates. However, for a detailed acquaintance with the additional conditions and the necessary package of documents, you will have to return to the bank's website, where you will fill out the application directly.

Errors when choosing

Banks of the same name, for example, "Volkswagen Bank Rus" or "Toyota Bank" offer interesting programs "Volkswagen Polo", "Legend", while the rates vary from 7.4 to 7.6%. However, given the high cost of the model, the overpayment is over 90,000 rubles, so it is very important to track this indicator when drawing up a contract.

Not all customers use the option to cancel the insurance policy within 14 days, and there will be no financial losses when applying for a refund.

The loan currency in Russia can be in rubles, euros, dollars. Any ruble loans have a higher percentage, but if the bulk of the income goes in the domestic currency, then the benefit will burn out when exchanging money.

Banks insist on annuity payments, that is, in equal shares, but a differentiated repayment method can sometimes be a more profitable solution.

The best banks for car loans

TOP-9 offers at a rate of up to 5.5%

VTB

The Loan for a New Car program is distinguished by its loyalty.
Upon approval, you can count on an amount from 300 thousand to 7 million rubles, while CASCO is not required.

In this case it is:

• about purchasing from dealers;
• when choosing a car.

In the case of buying cars with non-zero mileage in car dealerships, the amount is reduced to 3 million rubles and the contract is designed for 5 years.

• the ability to use the solution for 90 days;
• granted for 7 years;
• insurance, service services can be included in the contract;
• the size of the down payment of 20% or more of the total price of the car;
• the minimum rate for refinancing is 1% for a period of 5 years and a limit on the amount of 3,000,000 rubles;
• with CASCO the percentage is lower;
• the first installment can be excluded if the purchase takes place in a car dealership or from the hands of a friend.

• when buying from individuals, the rate is 8%.

https://www.vtb.ru

Opening Bank

A favorable rate is accompanied by a possibly low cost of 50,000 rubles. Which is beneficial for younger customers, with the subsequent opportunity to purchase a more expensive model. For those wishing to purchase an expensive brand, the restriction is at the level of 5,000,000 rubles.

• 5 years of contract;
• without restrictions on the make of the vehicle;
• a mandatory requirement for the client - at least three months of work in one place with an income of 15,000 rubles;
• availability of an online calculator;
• free consultations by bank employees on all issues;
• quick response to the application;
• providing a payment schedule at the application stage, indicating the amount of the overpayment;
• after signing the contract, a debit card is issued with the subsequent crediting of the agreed amount to it.

• the presence of Russian citizenship and permanent registration.

https://www.open.ru

UniCredit Bank

Target programs provide for loans up to 8 million rubles for a long period of up to 7 years.

• no down payment;
• program "Prestige" for status acquisition;
• you can choose a new or used vehicle;
• minimum requirements for the borrower;
• solvency control;
• the possibility of lowering rates in the presence of a guarantor;
• CASCO at the request of the client with the possibility of annual prolongation;
• on-line calculator for the selection of favorable conditions.

• a fixed rate is not indicated and is calculated at the time of registration of the application.

https://www.unicreditbank.ru

FastBank

Making a loan agreement is available within 1 hour, there are no restrictions in the programs on the place of purchase and on the condition of the car, that is, used or new vehicles.

A small percentage can be obtained only if the loan amount does not exceed 1,500,000 rubles.

• age range 21-70 years;
• registration in the Russian Federation;
• three months of work experience at the current place;
• credit history is taken into account;
• insurance of any type affects the reduction of interest;
• list of points for receiving documents on the site;
• on-line mode for information on credit conditions;
• contract period for 13-96 months.

• there are restrictions on the age of foreign cars;
• credit conditions may differ when buying in car dealerships from partners.

https://www.bystrobank.ru

Raiffeisen Bank

The free choice of the client upon approval without the imposition of CASCO attracts borrowers, and loyalty to the client is also important.

• 4.99% for cars with non-zero mileage;
• an amount from 90,000 to 3 million rubles;
• guarantors are not required;
• no commissions;
• online constructor;
• the impact of the size of the first payment on the size of the bet;
• simplified application form;
• indication of the amount of the overpayment in the calculation;
• the presence of personal insurance reduces the rate;
• replenishment from any bank;
• convenient mobile application.

• the maximum percentage can exceed the mark of 15%.

https://www.raiffeisen.ru

SETELEM

The convenient Haval Finance program guarantees a low interest rate of 2.5 and a minimum overpayment for the entire loan period, while the loan amount may be limited to 4,000,000 rubles. All you need is a Russian passport.

• You don't need a certificate confirming the level of income;
• crediting period from 24 to 60 months;
• quick response with calculation;
• including age 75.

• missing.

"Ford Credit" - the program has similar conditions - the rate is 4%, while the amount of the 1st deposit varies from 20 to 90%, respectively, significantly reduces the monthly fee.

https://www.cetelem.ru

Rosbank

An important difference between the proposals is the possibility of purchasing commercial vehicles with a limit of up to 3.6 tons. For all used cars, there is a permanent requirement to purchase from dealers.The brand of car affects the duration of the contract period provided.

• the possibility of a deferred payment option to reduce the amount of monthly repayment;
• to receive an amount up to 1,000,000 rubles, a minimum set of documents is required;
• age range 23 ÷65;
• application through the website and in person at the department;
• registration in the ownership of the vehicle;
• for 6 models there is a minimum rate of 0.1%;
• the first installment proportionally affects the rate of the contract, it is beneficial for those who want to exchange the car for a newer model;
• the financial institution is a member of the international association Societe General;
• reliability and an extensive program are complemented by the possibility of reducing interest when purchasing a car from partners in branded showrooms;
• the amount can reach 6,500,000 64%;
• lending range 1÷7 years.

• with a down payment of 15%;
• for vehicles with mileage;
• requirement of documents at the place of work with an experience of 6 months;
• separate programs with CASCO and payment by the borrower for the entire period of the contract.

https://www.rosbank.ru

GAZPROMBANK

An agreement with a stated rate of 3.9% also compares favorably with the absence of a down payment clause.

• car protection program with simple settlement, damage and tow truck services;
• CASCO does not affect the rate;
• cashback on the "Smart card" 3000 rubles;
• new cars up to 5,000,000;
• without obligatory transfer of the vehicle on bail;
• response to the application in 5 minutes;
• you can choose a new model or a used car;
• the minimum loan amount in rubles is 300,000;
• the age of the client is up to 70 years on the date of the final repayment;
• fast replenishment without commissions;
• issuance of the card by courier.

• the maximum rate can reach 14.9%.

https://www.gazprombank.ru

Home Credit Bank

Being a client of the bank, the borrower can count on a rate of 5.9% and any model of vehicle.

• period up to 84 months;
• the upper limit of the amount is 3 million rubles;
• CASCO is not required;
• funds are issued without commission, in a way convenient for the client - on a card, in branches, through ATMs;
• fast decision;
• the possibility of transferring the date of monthly repayment;
• There is a personal account with detailed information.

• not identified.

https://www.homecredit.ru

Banks with a rate of 6.5%

Alfa Bank

A favorable offer is presented in the amount of up to 5,000,000 rubles and the absence of a down payment, while the solution can be obtained online as soon as possible.

• the choice of terms of the contract varies from 1 year to 5 years;
• CASCO is not required;
• there are no restrictions on the brand and the seller;
• availability of the “100 days without interest” promotion, subject to the receipt of an additional insurance service, while a special schedule with a minimum payment is established;
• the ability to select conditions through an online constructor;
• transparent framework of the contract;
• free choice on the cost of the vehicle;
• a large selection of payment methods in the subsequent period - from the application to branches;
• without waiting for the TCP - quick receipt of documents, keys.

• age limit from 21 years old.

https://alfabank.ru

Tinkoff Bank

Full Internet service eliminates the time spent on approvals. Fast clearance applies to all types of car purchases from a private seller and in car dealerships.

• no down payment required;
• checking the vehicle when concluding a loan agreement;
• high reliability of the bank;
• suitable for residents of any region;
• you can choose a car with mileage, without it or a foreign car;
• the maximum bar is 3 million rubles;
• from the age of eighteen.

• not part of the state subsidy program.

https://www.tinkoff.ru

Sovcombank

Many years of experience in auto lending allowed the bank to create several software options with advantageous sets of options and the ability to purchase a car from a wide list of dealers.

• purchase of a used vehicle and a new one is allowed;
• the possibility of using the Halva card with interest-free installments for a certain period;
• duration of the contract from 1 year to 6 years;
• no down payment required;
• the “From hand to hand” program with the transfer of vehicles secured by a bank until full payment with a loan from 100,000 to 1,000,000 rubles;
• quick decision within 24 hours;
• age range 20÷85;
• with any region of registration.

• a used car, but not older than 15 years, can be obtained under the program with a rate of 16.4%;
• provision of certificates in the form of a bank with the right to request additional documents;
• the client does not have other credit burdens and work experience in the last place from 4 months.

https://sovcombank.ru

Rosgosstrah Bank

The program "By car from a private person" is of the greatest interest and popularity.

• lending range 130,000 - 1 million rubles;
• on-line calculation on the site with a quick response;
• contract period 12-60 months;
• with a car deposit;
• minimum package of documents;
• without confirmation of solvency;
• you can use the possibility of an approved auto loan for 90 days.

• lack of personal insurance increases the rate by 4-5 percent.

https://www.rgsbank.ru

The best banks for car loans with a rate of over 8.5%

Uralsib

To the high reliability of the bank, which guarantees the preservation of the initial lending conditions for the entire period, one can add a quick consideration of the application and the inclusion of CASCO for one year.

• only 3 months of experience at the place of current work at the time of filling out the application;
• minimum documents;
• installment from 20%;
• standard period up to 5 years;
• without proof of income;
• any vehicle model;
• no restrictions on early repayment.

• higher percentage in case of cancellation of life insurance.

https://www.uralsib.ru

Credit Europe Bank

High loyalty to the client is manifested in the minimum package of documents, including those regarding labor activity.

• buying a car with any mileage, any model;
• cooperation with a number of car dealerships;
• age category 18÷65;
• lending for 3-7 years;
• the upper bar for the loan is 6 million rubles;
• 10% down payment;
• also valid for individual entrepreneurs;
• without proof of income.

• long decision-making period.

https://www.crediteurope.ru

The best banks for car loans
1.	Rate 5.5%
	Name	Term	An initial fee, %	Amount, rub.
	VTB	7	20	300 000÷7 000 000
	UniCredit Bank	7	0+	up to 8 000 000
	FastBank	up to 8	-	100 000÷3 000 000
	Opening Bank	5	-	50 000÷5 000 000
	Home Credit Bank	up to 7	-	up to 3,000,000
	Raiffeisen Bank	5	-	90 000÷3 000 000
2.	Rate 6.5 ÷8%
	Alfa Bank	1÷5	-	100 000÷5 000 000
	Sovcombank	1÷6	-	100 000÷4 900 000
	Rosbank	1÷7	10	50 000÷12 000 000
	Tinkoff Bank	1÷5	-	up to 3,000,000
	Rosgosstrah Bank	1÷6	-	130 000÷1 000 000
3.	Rate over 8.5%
	Uralsib	1÷5	20	up to 5 000 000
	Credit Europe Bank	3÷7	10	6000000

Conclusion

For car enthusiasts who do not want to save up for a long time for a vehicle, getting a car loan is a great opportunity.

It is important to remember not only the minimum rate, but also the loan period, the amount of the monthly installment - whether it will be affordable, the amount required for the first installment. Sometimes the decisive moment is the overpayment figure for the entire period, which, as a rule, is shown by an online calculator. Be sure to pay attention to the fact that the car remains pledged in the bank.

Part of the population prefers to take exclusively a new car, and then the most advantageous option is to purchase from dealers or car services - from partners of banks.

For another category of citizens, programs for buying used vehicles are interesting, which will not require many years of loan repayment.

Separate requirements for the length of service at the last place of work, a certificate from the enterprise and the level of income may also prevent a positive answer about car loans.