23.05.2008 /Auto loans
 Absolut Bank improved the terms for the car loan refinancing
Absolut Bank introduces the new terms of car loan refinancing. Now, you may reissue the loan on more favourable terms both for the passenger cars and cargo-and-passenger vehicles. Absolut Bank also reduced the amount of a payment charged for opening a loan account, which is the only commission to be paid by the debtors, when receiving a car loan in Absolut Bank. We would like to remind you that the line of the car loan products offered by Absolut Bank includes both a classical loan program for the new Russian and foreign cars and a series of special programs: “Used car”, “Cargo-and-passenger car lending”, “All inclusive”. The loan rate makes up from 9% APR in US dollars and Euros and from 11% APR in Russian rubles. The loan is issued to the amount of from 3,000 US dollars or Euros and from 90,000 Russian rubles to 200,000 US dollars or Euros (and 6,000,000 Russian rubles). The loan term may be as long as 7 years. Car lending is one of the business priorities for Absolut Bank. Following the 2007 results, the Bank is on the TOP-20* list of the Russian banks in terms of the issued car loans and takes the 4th place* among the leaders in terms of the car loan portfolio growth in 2007. (*based on the date of Finance magazine)
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