OREANDA-NEWS. July 16, 2010. Under Uniastrum’s new Uni SPG lending option, customers applying for an auto loan can also pick up on the same day a card with a credit limit equal to 10% of the cost of the vehicle of their choice. The package makes it possible to take out an auto loan at market-beating rates and receive a credit card into the bargain that can be used to buy whatever the holder wants, be it optional extras, accessories, or a new car insurance policy.

A conspicuous advantage of the new auto finance scheme is its knockdown lending rates starting at just 9.9% APR. A Uni SPG loan can be used to buy a new or second-hand vehicle and is repayable over a period of 5 years. Minimum down payment is 25% of the automobile price, while the loans themselves range from Rb 50,000 to Rb 4 mn. Also, installment plans are flexible, with Uni SPG borrowers entitled to make early payment, either partly or in full at no extra charge. The arrangement fee costs Rb 7,000 if paid in cash at one of the Bank’s banking centers or Rb 5,000 in cases where the customer opts to use his or her U-Cross Auto bank card.

Anyone applying for a Uni SPG credit card simply needs to bring along their Russian passport as proof of identity. Customers receive a U-Cross Auto card when applying for an auto loan. There are no card administration costs.

This special offer is currently only available to people living in Saint Petersburg or the Leningrad region. Further details can be found on Uniastrum Bank’s website by clicking on: http://www.uniastrum.ru/  

“Uniastrum Bank commands a solid position on the auto finance market,” notes Anna Golikova, Deputy Director of Uniastrum’s Retail Credit Sales Department. “We are committed to providing our clients with new, exciting products on easy terms, including by way of special package offers that suit the needs both of our clients and the Bank itself.”