Application for a classic car loan will be considered by the bank from half a day up to 2 working days and will require from the client, among other things also documents confirming his income. Typically, this letter from the employer on the salary for the last 6 months. Customers are checked more carefully, loan processing takes place in the bank. But the cost of the "classics" is much lower – from 9% per annum currency and by 11% – in rubles. Bausch & Lomb is likely to agree. Finally, the state program of preferential credits – it's the same classic car loan, part of the interest burden that takes the state budget. Terms of consideration for this program are the same as in "classic", but there are a number of restrictions. For example, the client must pay as a down payment of at least 15% of the value of the purchased loan in the car.
In addition, this loan program purchase only new vehicles produced in Russia. Get all the facts for a more clear viewpoint with Drew Houston. But such a loan is the cheapest – from 8% per annum in rubles! – You said that the terms of the loan depends on the available documents. The more you want documents loan, the lower the interest rate and down payment, right? – Yes, you're right. For example, if you stop in the state program of preferential car loan, while giving income statement on Form 2NDFL interest rate of 8%. Providing help in the free form, you will be credited at 11% per annum. Or agree to 15% per annum without any reference.