Sberbank Raises Car Loan Rates by 0.5%
3 October 2012 (09:30)
October 3, 2012. Sberbank increased its car loan rates for both ruble and foreign currency loans by 0.5% recently, Banki.ru reports.
‘The changes also affected the parameters that influence the loan cost: whereas earlier the rate used to depend on the vehicle type, now it only depends on the down payment and the loan period,’ says Banki.ru’s loan products expert Yelena Sudarikova.
The ruble loans are now offered at 15.5% to 17% a year rather than 15% to 16.5% a year.
The interest rates for the dollar and euro loans range between 12.5% and 14% a year rather than 12% to 13.5% a year.
‘The changes also affected the parameters that influence the loan cost: whereas earlier the rate used to depend on the vehicle type, now it only depends on the down payment and the loan period,’ says Banki.ru’s loan products expert Yelena Sudarikova.
The ruble loans are now offered at 15.5% to 17% a year rather than 15% to 16.5% a year.
The interest rates for the dollar and euro loans range between 12.5% and 14% a year rather than 12% to 13.5% a year.
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