Car loan (secondary market)

Car loan (secondary market) - or the purchase of vehicles on the secondary market (except for electric vehicles) that have not been produced for more than 5 years.

Payment of the loan and accrued interest is carried out in the form of an annuity or differentiated payment in the manner and on the terms specified in the loan agreement.

The separate net income of the borrower/co-borrower should not be less than 6 times the size of the BDV.

70% of the Borrower and Co-Borrower's combined average net income must be sufficient to cover the maximum monthly loan payment and the average monthly payment on existing loans/debts.

It is not allowed to issue a car loan for the purchase of vehicles between close relatives (parents, biological and half-brothers, sisters, spouses, children, including adopted children, grandparents, grandchildren, parents of spouses).

The bank independently receives information about the borrower’s average monthly income electronically through special networks. In this case, income information was calculated for at least the last 6 (six) months. If it is impossible to determine the Borrower's average monthly income, the Borrower may be required to provide documents confirming the average monthly income and other sources of income.