Raiffeisenbank is offering its customers new terms and conditions on all types of car loans and has reduced its interest rates in roubles.
Under the new terms, the loan rate on the purchase of new foreign cars will be from 13% per annum, and the loan rate for the purchase of second-hand foreign cars will be 15% per annum.
The Special Programme for the purchase of new Chevrolets enables loans to be obtained at 12% per annum and many cars get a subsidised bank interest rate.
Any of the loans above can be issued on the client’s request without the inclusion in the loan of life insurance and health insurance, and in this case the interest rate will increase by only 2%.
Given that the state subsidised interest rate on the purchase of foreign cars ranges from 9.67% per annum, and 11.67% per annum for the purchase of cars produced on the domestic market, the special rates on Niva-Chevrolet and Chevrolet Cruze cars range from 8.67% per annum.
Complete information on the terms and conditions of all the Raiffeisenbank car loans is available on the website of the Bank in the section «Car Loans».
ZAO Raiffeisenbank is a subsidiary of Raiffeisen International Bank-Holding AG. Raiffeisenbank is ranking 9th in terms of assets among the Russian banks based on Q1 2010 results (Interfax-CEA). According to Interfax-CEA, ZAO Raiffeisenbank ranked 5th in Russia in terms of private deposits and 9th in consumer lending in Russia based on Q1 2010 results.
Raiffeisen International operates one of the largest banking networks in CEE, covering 17 markets across the region through subsidiary banks, leasing companies and a range of other financial service providers. The group’s nearly 56,000 employees service around 15 million customers via more than 3,000 business outlets. Raiffeisen International is a fully-consolidated subsidiary of Raiffeisen Zentralbank Цsterreich AG (RZB), which owns about 70 per cent of the common stock. The remainder is in free float, with the shares listed on the Vienna Stock Exchange. RZB is a leading corporate and investment bank in Austria and the central institution of the Austrian Raiffeisen Banking Group, the country’s largest banking group.