OREANDA-NEWS. July 27, 2011. By taking advantage of the lender’s new highly attractive car finance deals “U-Drive New”1 and “U-Drive Old”1, customers can start shopping immediately for the automobile of their choice, which may be brand new or secondhand - provided that the vehicle in no older than 9 years at the time the loan is paid off. As an added bonus, borrowers automatically receive a card with a credit limit equal to 10% of the principal.

Interest rates on U-Drive New loans begin at 9.5% APR and U-Drive Old at 11.9% APR. Conspicuous advantages of Uniastrum’s new auto schemes include competitive rates, no need for guarantors, a no-fee early settlement option, and a no-fuss application process. The moment the loan is issued, customers are also given a U-Cross Auto credit card providing them with immediate access to additional credit of up to 10% of the loan amount. Use of the card carries no administration fee.

Under the Bank’s new programs borrowers can take out loans ranging from Rb 50,000 to Rb 3 mn, repayable over 5 years. Interest rates depend on the size of the down payment and the loan period. The minimum down payment is 15% of the automobile price. Once the Bank receives all the necessary documents, the loan decision is taken in a single business day.

Uniastrum’s new auto finance schemes are already up and running at neighborhood banking centers, and can also be accessed at auto dealers partnering the Bank in Moscow, Chelyabinsk, Novosibirsk, Nizhny Novgorod, Rostov-on-Don, Saratov, Samara, Irkutsk, Omsk, Krasnoyarsk, Barnaul, Perm, and Izhevsk. To find out more about these exclusive offers and to apply online, visit www.uniastrum.ru/personal/crediting/auto/.

“Coming up with new package products is an intrinsic part of our highly customer-focused policies,” says Vasily Kuznetsov, Head of Uniastrum’s retail segment. “We’ve already had great success with a similar product in Saint Petersburg and the Leningrad region, and going forward we plan to move ahead with the new credit programs network-wide.”