Since yesterday two Russian Bank stopped issuing loans for car purchase, reports AvtoVzglâd. In addition to credit Europe Bank, this is the largest financial institution in Russia-Sberbank. Other banks will not refuse services for motorists, but reported its intention to review the rates upward in the coming days.
In addition to the car, with the same number Sberbank stopped to consider applications for mortgage loans for construction and purchase of houses, as well as buying garages. However, the Bank explained that the above types of loans accounted for less than 5% of the total number of credit agreements; in addition, most loans are now issued through a subsidiary of Sberbank, the Bank Cetelem. It works in a regular mode.
Faults with car loan programs are directly linked to the actions of the Central Bank of Russia, which, as we have informed, on December 16, unexpectedly raised the refinancing rate from 10.5 to 17% per annum. The next day, banks were allowed to release rates on consumer loans until July 1, 2015 year. The intention to increase the percentage of auto loans have already declared in Raiffeisenbank, where the minimum bet (excluding specprogramm from branded manufacturers) is 17% Apr. Experts fear that the unavailability of bank loans might finally bring down the already prosevšij Russian automotive market.