OREANDA-NEWS. Setelem Bank was the first bank to issue loans in the framework of new state programs to support the car industry. According to the press service of the bank, under the program «The first car» was granted a loan for the purchase of KIA Rio, and under the program «Family car» - for Toyota Camry.

Recall that when buying a car under the program «The first car» it is provided the compensation of the costs for paying of the initial installment of 10% of the cost of the car. This benefit extends to individuals who buy a car for the first time. A similar discount is laid down under the «Family car» program, which can be used by families that have two or more underage children. The cost of the car purchased under the program is limited by 1,45 million rubles.

The effect of previously launched credit programs on subsidizing interest rates on auto loans remains unchanged. Thus, the client can use both programs simultaneously and get a double benefit.

«State programs of preferential car loans are the most effective tool for selling cars, and we welcome the new initiative of the Government of the Russian Federation aimed at supporting the automobile industry and stimulating demand,» - comments Mikhail Shokin, Acting Chairman of the Board of Setelem Bank. – «In addition to the subsidized loan rate, which is now 6.7%, the buyer receives an additional 10% discount from the car price».