OREANDA-NEWS. April 30, 2010. Bank Standard begins realizing a program of motor crediting on profitable conditions.

The Bank says that within the program documents on income aren’t required if primary instalment will make at least 40% of automobile cost.

“Within the frames of the program along with new automobiles it is possible to buy a car with running. Interest rate on automobile loans starts from 16% (depending on primary instalment). Maximum loan sum was fixed at the level of 35,000 manats and minimum initial instalment makes 30% of automobile price,” it was reported.

The motor lending program involves almost all brands and models of automobiles presented officially in the country. To get a motor loan in Bank Standard it is not required to get registered in the capital. Loans are extended to residents of regions.

“Automobile loans from Bank Standard it is also minimum package of documents, fast registration of a loan and acquisition of an automobile. In case minimum initial installment makes 40% of automobile price the Bank does not demand documents on income,” it was informed.