on 20 September 2004 the program avtoekspress-lending
IBC provided in the cabin of "Autoworld" Street. Pererva, from 23 September to the list of auto-partner bank added three new areas of Eleks-Pole ", located in Balaklava Avenue, Nagatinsky embankment and on the streets of Donetsk. Thus, before the end of the month program avtoekspress-credit will be provided in the ICD 9 auto Moscow.
Basic Express loan program to purchase Russian-made car is invited to the residents of Moscow and Moscow region. To submit a credit application to be in possession of a Russian passport and driver's license, as well as meet the following requirements: be at least 21 years of age, have Russian citizenship, a total of at least one year continuous service, and last not less than 4 months. The employer must also be in Moscow or the Moscow region. Registration and issuance of the loan takes place directly in the motor show, the decision regarding the granting of credit is taken within 1 hour.
Credit terms:
Amount of credit - from 40 000 to 450 000 rubles;
Client's initial contribution - 20% of the value of the car;
Interest rate:
1 year - 18%
2 years - 19%
3 years - 20%
Security - collateral purchased the car;
Additional requirement - insurance car insurance company "Russia";
Amount of car insurance (Avtokasko) - 9.9% of the value of the car. The amount of insurance for the first year is included in the loan amount;
Lump Commission for opening the loan account - 3 000 rubles.
For the convenience of customers a day registration agreement the bank provides free borrowing card for payment on the loan, which simplifies the procedure of issuing a loan, debt and reduces the number of processed documents.
As the head of the department of consumer credit Oksana Likhachova, on 20.09.2004 in the order of 2000 the bank issued loans totaling more than 365 million rubles, the average monthly growth of loans is about 50% of the rate for the previous month. Successful development of this type of consumer borrowing allows the Bank to expand presence in the market avtoekspress-lending and to offer new programs. In the near future, Moscow Credit Bank, together with the UK Ingosstrakh intends to submit a multi-page credit for the purchase of cars. 
Source: Kredity.Ru 
