Smolensky Bank lowers rates and the size of the down payment on auto loans

Smolensky Bank announces interest rate cuts are on the program "Auto Financing" to 1,5% in rubles and 1% in foreign currency. Thus, at present, the minimum interest rate for this program to reflect the changes of 16% for loans in U.S. dollars and euros and 16.5% for loans in rubles. Was also reduced the size of the initial contribution: it now accounts for 10% of the cost of the car. And when you make an initial payment of 30% - possibly the inclusion of premiums under the program full "Auto Casco" for 1 year in the cost of credit. Loan size and term for which the available funds, remained unchanged. The minimum loan amount is 300,000 rubles (the equivalent in U.S. dollars or euros), while the maximum - 1.5 million (or its equivalent in other currencies, credit). Bank also provided a suitable time to provide loans - from 1 to 5 years. "Reducing interest rates, as well as the size of the initial payment under the program" Auto Financing "makes loans in the Smolensk Bank available to a wider range of borrowers - said Head of Retail Business Development Bank of Smolensk Irina Barkov. - Reduced rates while maintaining the existing terms of the loan, to reduce the monthly payments for borrowers and reduce down payment of 10% would allow more people to buy a car right now at the credit of the bank without delay a long-awaited and necessary purchase. " At present, car loans sold in the Smolensk region. Information about the Banking Group Smolensky Bank: Banking Group Smolensky Bank "- a universal, dynamic financial-credit institution, offering a wide range of banking services to businesses and individuals. The group consists of two banks: Commercial Bank Smolensky Bank (founded in 1992, license number 2029) and OJSC Bank "Askold" (founded in 1993, license number 2480). Key areas of the Banking Group are: lending, international and other payments through its own extensive network of correspondents, active work in the securities market, issuing and servicing credit cards, factoring, cash management services, contributions to individuals and legal entities, depository services.