OREANDA-NEWS. June 24, 2011. The Rostov-on-Don Branch of Nordea Bank Russia has launched an auto lending program which focuses on the loans for purchases of new and used cars and lorries with weight capacity of up to 3.5 tons in 15 car and lorry show rooms of the city of Rostov-on-Don.

 The lowest interest rate offered by the Bank is 11% per annum. The interest rate depends on the tenor of the loan, the amount of a down payment and on whether a new or a used vehicle is to be bought.

 Under a program a borrower may get a Rouble denominated loan with a tenor of up to 5 years and a down payment of not less than 20% of the contract amount for the purchase of a vehicle.

 The special offer expires on 21 September 2011.