OREANDA-NEWS. September 27, 2010. Raiffeisenbank repealed its mandatory requirement for customers to provide a certificate of income from their place of employment. Previously, to obtain the minimum interest rate for a car loan with a 15 percent down payment, borrowers were required to verify their income in an official form (income statement 2-TIPI or another). From September 16 customers only need to indicate their income in the bank application form, reported the press-centre of Raiffeisenbank.

Raiffeisenbank lending programs allow its customers to choose the appropriate set of documents in order to obtain a car loan. Only two documents are required: passport and a document confirming employment (work book or other document); or, passport and a second form of ID (driver’s license/passport/ military ID).

By providing a passport and a document confirming employment, customers have the opportunity to obtain a loan of up to 3 million roubles. If the customer does not have time to collect documents from his or her place of employments, he or she can benefit from the program, without providing any additional documents confirming employment and income.

The following revolutionary offer continues to be valid: the customer can provide any set of documents and obtain a rate of 7.5% per annum, providing that life and health insurance is included in the loan, and a 1 year loan is issued with a payment of 40% of the cost of the new car. In addition, customers can benefit from this program without including life and health insurance into the loan payment. In this case, the customer can obtain a loan at a rate of 9.5% per annum in roubles.