The interest rate under this program is 7.5% per annum, down payment – at least 15%, loan maturity – from 1 to 3 years.
Such subsidized loans may be used for purchasing new Russian and foreign cars from official dealers at the price of up to 750 000 rubles.
Andrey Maltsev, Deputy Chairman of the OJSC Nordea Bank Management Board: “We are trying to offer our customers the full range of banking products which can meet all their financial needs. Now our product range includes car loans for buying inexpensive cars with state subsidies. I am sure that this program will be popular on the market thanks to its attractive interest rates, as well as its rather flexible and liberal underwriting criteria. Besides, OJSC Nordea Bank has already participated in a similar program with the state subsidies. That program lasted from 2009 to 2011 and was highly popular with customers”.