OREANDA-NEWS. December 24, 2009. Bank Societe Generale Vostok has started granting loans with state government subsidy of interest rate, reported the press-centre of BSGV.

BSGV will grant car loans at the interest rate decreased by 2/3 of refinancing rate of the Central bank for the whole loan term. At the moment the refinancing rate is 9% p.a., which means that the loan will be cheaper by 6% for BSGV clients.

In the framework of the program the loans are granted for the purchase of a new car produced on the territory of the Russian Federation according to the list of car marks approved by the Ministry of Industry and Transport, for 3 year term. The maximum car price is RUB 600 000. The minimum downpayment is 15% of the loan amount. The rate is calculated as the bank loan rate decreased by 2/3 of the refinancing rate, as of the date of credit granting.