But meeting these conditions is not enough to qualify for a benefit. There are two types of subsidies aimed at different categories of citizens: "First car" and "Family car". There are also separate categories of borrowers who are eligible for a subsidy in 2023. And finally, you can trade in your car to receive a preferential loan. We will tell you separately about the requirements and conditions for all types of state programs.
Family car
Preferential terms are provided to borrowers who are parents of at least one child. When submitting an application, you must provide a driver's license and a birth certificate of the child.
The first car
State loans can be obtained by novice drivers who have never russia mobile database owned a vehicle before. Some people misunderstand these conditions and re-register their cars to relatives in order to receive a discount. But the benefit only applies to borrowers who have never owned a car before.
The state identifies three categories of people who can receive a discount when purchasing a car on credit:
medical workers. The length of service, salary and region do not matter, but it is important that the borrower is an employee of a government organization;
education workers employed in state and federal institutions;
SVO participants and their families. This category includes volunteers, mobilized personnel, and contract servicemen.
Trade-in
When you trade in a vehicle to an official dealer, you can get preferential terms for a new car loan under the state program. There are no restrictions on the brand, model, or mileage of the car you are trading in. But the car must be older than six years and have been owned for more than a year. You can only choose a new car from the list of the Ministry of Industry and Trade.
Other conditions
Not all banks offer car loans at a discount, and those that do offer the service have different terms. The minimum down payment varies on average from 0 to 10%. The minimum interest rate is 5.6%, but it can exceed 17% per annum. The loan term is up to 7 years. The terms depend not only on the bank, but also on the borrower's credit history and income level.