Home Loan Bank has launched a new product: a cash loan secured by a car. The press service of the financial institution reports that the amount and maturity of such a loan is longer than for unsecured cash loans.
The loan secured by the car from the Home Bank is up to 5 million rubles, and a loan can be issued for a period of up to 7 years. The interest rate of the loan is 5.9% per annum. To get the lowest possible fee, you need to connect the “Financial Protection” program. For the convenience of customers, such a loan is issued in all channels of banking service, including online and offline. It can be given in the Home Loan mobile application, Internet banking and any bank office.
At the initial stage, the loan secured by a car will be valid in the following cities and regions: Moscow, Moscow Region, St. Petersburg, Leningrad Region, Kazan, Republic of Tatarstan, Novosibirsk, Novosibirsk Region, Rostov, Rostov Region, Krasnodar , Krasnodar Territory. But very soon it will be available throughout Russia.
To take advantage of this service, you need to take a photo of the vehicle registration document (CTC) in the Home Loan app or give it to an office worker, get a decision from the bank (it takes 30 minutes on average), put the car in a convenient location for the customer and sign an agreement.
You do not need to re-register the vehicle or transfer the original documents to the bank. The main thing is to pay the loan payments on time after receiving them.
It has been clarified that the age of the pledged vehicle should not exceed 10 years.
Until the loan is repaid, the vehicle will be pledged to the bank. However, this practically does not affect the possibilities of use. The owner of the car will be able to take it anywhere, including abroad. The only restriction is the prohibition of registrations (sale, donation, re-leasing on surety).
“Ev Kredi Bank is expanding its product range by trying to offer the most suitable conditions to its customers. The new loan allows you to significantly increase the amount and duration of the loan. We believe that such a product will be very popular among our customers, as it offers more opportunities, ”says Irina Grigorieva, Director of the Home Credit Bank Secured Loans Department.