OREANDA-NEWS. September 02, 2013. Sviaz-Bank’s branch in St.Petersburg has made a loan of 500 million rubles to RRT-Motors LLC for a term of 24 months. The company will use the borrowed funds to increase its working capital.

In addition to their corporate relationships, Sviaz-Bank and RRT-Motors LLC cooperate successfully in the retail sector – the automotive holding company’s customers can avail themselves of the Bank’s favorable programs for the purchase of cars on credit. The interest rate the Bank charges on car purchase loans starts at 9.9% up, with a down payment of 15% up, for a maximum term of up to 60 months. A loan can be taken out on presentation of a minimum number of documents – a Russian passport and driving license.

RRT-Motors LLC is a member of Autoholding RRT, CJSC, and is an official dealer for the Opel, Chevrolet, and Cadillac brands, and runs operations in Vologda, Kazan, and Naberezhnyye Chelny, as well as in St.Petersburg.

“Our cooperation with Sviaz-Bank will certainly boost sales more than twofold and stimulate the auto holding company’s growth,” Konstantin Selivanov, General Director of RRT-Motors LLC, said about the deal.

“We will keep on developing our mutually beneficial partnership to enable our customers to purchase cars at the best prices on the market,” said Mikhail Polunin, Manager of the St.Petersburg branch.