Otkritie Avto (automobile company of Otkritie Bank) lowered the rate on refinancing car loans from other banks by 5 percentage points. The minimum rate under the program is 2.5%.
It is possible to refinance a loan guaranteed by a owned car in the amount of up to 5 million rubles and for a period of 3 to 7 years.
Owners of category B vehicles can reduce the interest rate on a car loan without restrictions on the cost and make of the car.
At the same time, the age of the car should not exceed 20 years for a foreign car and 15 years for a domestic model at the time of the loan expiry. Casco registration and proof of income are not required.
An application for registration of the product can be made on the website, in the contact center and car business centers of Otkritie Bank. The transaction can be completed within one hour on the same day of processing.
For example, car owners can repay car loans previously taken out with other banks at a higher interest rate on favorable terms.
A complete overview of all conditions of the refinancing program can be found on the bank’s website.
Reference
Refinancing is taking out a new loan to pay off an existing one. Refinancing allows the borrower to improve the terms of the loan: get a different interest rate, extend the term and reduce the monthly payment.
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