Borrowers opt for purchasing new cars in the price range - from 1 500 000 to 3 000 000 tenge

27.11.2014 From October 2014 VTB Bank (Kazakhstan) provides loans for purchasing cars in car showrooms - partners of the Bank. Currently, the number of sales outlets of the Bank – amounts to 27 car showrooms (including network of car showrooms UzDaewoo, Ural-Krov-Auto, Tarlan Auto, Vivaga Lada, etc.).

The Bank offers borrowers two lending programs: «Autolending (car showrooms)» and «Auto Light». Within the framework of these programs, the Bank provides an opportunity to buy a car of national or foreign production. Within the framework of the «Autolending (car showrooms)» program you can get a loan up to 20 000 000 tenge (or equivalent in US dollars or Russian rubles) for up to 7 years. The minimum interest rate in this case amounts to– from 18% per annum.

The amount up to 5 000 000 tenge, the absence ofinitial payment and solvency assessment are offered to borrowers who have decided to use the «Auto Light» program. The loan is given for up to 7 years, the interest rate amounts to - from 18% per annum.

Dmitry Yakovlev, Deputy Chairman of the Board – Member of the Board of Subsidiary JSC VTB Bank (Kazakhstan):«Since April 2014 we observe the following trend: customers are increasingly opting for purchasing new cars, herewith preferred currency of the loan is–tenge, price range - from 1 500 000 to 3 000 000 tenge». D.Yakovlev has also reported that the Bank plans to open new and develop existing sales outlets in car showrooms - thus, in the medium term VTB Bank (Kazakhstan) plans to increase the total number of sales outlets by 3 times.

According to information of the specialists of the Bank, the main advantages of acquiring cars in car showrooms is the speed of processing a loan and the minimum packet of documents from a borrower –as a rule, you can go away on your own new car after a few days after applying to managers of the Bank.

For reference:
SO JCS VTB Bank (Kazakhstan) - is 100% subsidiary Bank of the largest Russian OJSC VTB Bank.
License of the NB of the RK No. 1.2.14/39 dated 06.10.2014.
The Bank was assigned international rating at the «BB+» / «Negative» forecast level from Standard & Poor’s Agency.
VTB Bank and its subsidiaries form international financial group which conducts its activities in Russian and foreign markets. VTB Group consists of more than 20 banks and financial companies in 20 countries of the CIS, Europe, Asia and Africa. The major shareholder of VTB – is the Government of the Russian Federation (60,9%).