OREANDA-NEWS. From now on, customers who take out a Uniastrum Bank auto loan can treat themselves not just to passenger cars, but also to class B, C, and D commercial vehicles with maximum gross vehicle mass of 4 tons and maximum seating capacity of 22 seats. Loans can be used to purchase new and second-hand Russian or foreign commercial vehicles. Second-hand buys must be no older than 9 years old at the time the loan is paid off.

Commercial vehicle loans are ruble-denominated and repayable over a 5-year period. The credit limit for new vehicles is Rb 4 mn, with initial installments set at 20% of the principle. The interest rate is 18% APR, regardless of the size of the down payment. Loans for second-hand vehicles range up to Rb 3 mn, with initial installments starting at 25%. The interest rate is 20% APR.

Once the required supporting documentation is submitted, potential borrowers receive the loan decision within one business day. The transfer of funds to the account of the auto dealership from which the vehicle is to be purchased is charged at Rb 150. There are no other fees. For more details, visit http://www.uniastrum.ru/personal/crediting/auto/

“Today Uniastrum offers a broad array of auto loans with flexible terms catering for diverse client categories,” notes Pavel Semizvonkin, Supervisor of the Bank’s Auto Finance Department. “This latest offer adds a new and popular segment to our existing range.”