Sberbank “Family car”: state program in 2021

The Family Car program is government support aimed at subsidizing car loans in order to improve demand and help future borrowers. The program was launched in 2015 to increase the rate for domestic cars. Over the years, it was reoriented to foreign brands, but with some deviations.

Car loan from the state assistance is an opportunity to purchase a car at a set interest rate, but with a subsidy from the state.

On New Year's Eve, a government program offering low interest rates for all borrowers came to an end. That is why the state decided to introduce a new incentive to stimulate the car market.

Each borrower who meets the conditions receives a one-time discount of 10% of the cost of the car. The subsidy is added to the down payment, thereby reducing the interest rate on the loan.

Expert opinion

Alina Nikolaeva

Car loan consultant

Good news. The preferential Family Car program has been extended to 2021 ; the bill was signed by the Prime Minister of the Russian Federation Dmitry Medvedev on July 26, 2018. The resolution itself looks like this. The allocated budget for the state programs “Family car” and “First car” amounted to 15 billion rubles ! By the end of 2021, according to experts, it is expected that more than 45,000 cars will be sold. Residents of the Far East received a serious bonus ; their discount when applying for a state program can be up to 25% of the cost of the purchased car. Thus, the government expects to sell more than 5,000 cars to residents of the Far Eastern Federal District.

Innovations for 2021

The resumption of the program is an obvious step from the state, since not every borrower agrees to pay the bank 14-17.5 per annum for 36-60 months. At the same time, in 2021 the state. The program is undergoing some changes. All adjustments are reflected in Decree of the Government of the Russian Federation No. 808 of July 7, 2021 and No. 870 of July 26, 2018.

VAZ

LADA company invites its customers to participate in this program starting in 2021. In this case, it becomes possible to purchase a vehicle for the family without a down payment and purchase insurance.

In 2021, LADA is also a participant in the state program.

Important! However, in addition to the basic conditions of participation, the car buyer should not have car loans issued during 2017-2018.

If you decide to purchase a LADA car, you should familiarize yourself in advance with the list of models that can be purchased under the state program:

• LADA Kalina (hatchback, station wagon, Cross, Sport versions);
• LADA Granta (sedan, liftback, Sport versions);
• LADA Vesta (sedan, SW, SW Cross);
• LADA XRAY (crossover);
• LADA Priora (sedan);
• LADA Largus (station wagon, Cross, van);
• LADA 4×4 (3 doors, Urban 3 doors, 5 doors, Urban 5 doors, Bronto, 23460, 23461, 23490).

This list is compiled in such a way that cars meet the basic conditions of the program:

1. Cost – less than 1,500,000 rubles;
2. Release date: 2021 or 2021;
3. Production – Russian Federation.

Thus, purchasing a LADA Granta 5MT / Standard under the “Family Car” program at a retail price of 399,900 rubles, its final price will be 359,910 rubles.

Program conditions

The program is carried out in large cities of Russia, so the conditions and requirements may vary slightly, just like banks have requirements for borrowers and cars. Is it possible that special conditions have been determined for residents of the Far East and compensation can amount to up to 25% of the cost of the car, while for residents of other regions of the Russian Federation only 10% is compensated.

Key Points

According to the revealed statistics of the Ministry of Industry and Trade for 2021, the rate of economic growth in the field of auto lending increased by 20% compared to the previous year. This indicator suggests that such an action significantly stimulates the economy and contributes to significant infusions of funds.

An interesting fact is that the state allows you to receive many bonuses from car dealers:

• discount if you provide your car at trade-in;
• direct discount from a partner, additional gifts (winter tires, floor mats);
• discount on existing programs at the car dealership (for example, KIA Finance).

Who can benefit

The state program “Family Car” continues in 2021 according to the already established requirements for the borrower:

1. Two or more children under 18 years of age.
2. Possession of a driver's license.
3. Entry in the passport in the “Children” column or birth certificates of children.
4. Confirm that there are no other cars purchased on credit in 2017-2018.

In addition to these requirements, it is also necessary to comply with the standard ones:

1. The age of the borrower (varies among banks) is from 18 to 65 years.
2. Having a passport of a citizen of the Russian Federation.
3. Official employment.
4. Work experience at the current position for at least 4 months.
5. Permanent registration (registration).
6. Compliance with the clearance list (list of credited and non-credited areas).

Do you meet the basic conditions for borrowers?

Not really

The discount can be used once. There is one lump sum subsidy paid per person, but each parent can take advantage of the right to a preferential loan and purchase a personal car.

What does the discount apply to?

The state does not disclose the budget allocated for this program, however, when compared with last year, the funds were enough for one quarter, and 48 of the 58 thousand cars allocated for sale were purchased.

The government decree stipulates the following requirements for cars falling under the Family Car program:

1. The vehicle title must be issued no earlier than December 1, 2017.
2. Availability of UVEOS number (device for calling emergency services) ERA-GLONASS. In some banks, this requirement was canceled in mid-January 2021.
3. The vehicle weight should not exceed 3.5 tons.
4. Cost – up to 1.45 million rubles.
5. The program applies only to new cars that are not registered with the traffic police.
6. Collected on the territory of the Russian Federation. The state program seeks to support and stimulate the domestic auto industry. By creating such a restriction, the government improves the investment climate in the industry.

It is for these reasons that the most popular Kia Sportage or Kia Sorento are not suitable for state registration. program, although many sources say otherwise.

List of brands and models participating in the program

Ford

The state program “Family Car” operates within the framework of Ford Credit. Its members receive a 10% discount on the down payment when purchasing the following car models:

• Ford Kuga (configurations: Trend, Trend Plus, Titanium, Titanium Plus);
• Ford Focus (configurations: Ambiente, SYNC Edition, White and Black, Titanium);
• Ford Ecosport (configurations: Trend, Trend Plus, Titanium, Titanium Plus);
• Ford Explorer (trims: XLT, Limited, Limited Plus, Sport);
• Ford Fiesta (configurations: Ambiente, SYNC Edition, White and Black, Titanium);
• Ford Mondeo (configurations: Trend, Trend Plus, Titanium, Titanium Plus).

Therefore, when purchasing a Ford Ecosport Trend, you will receive a discount of 72,000 rubles (the average retail price of a car is from 720,000 rubles).

We recommend! In addition, Ford organizes promotions that are considered additions to participation in the program. In March 2018, when purchasing a 2021 Ford Kuga, winter tires are included as a gift.

Participating banks

List of banks:

1. Rusfinance Bank LLC is a subsidiary of Rosbank PJSC and is part of the Societe Generale group.
2. Cetelem Bank LLC is a subsidiary of Sberbank.
3. PJSC VTB 24 has more than 100 loan programs.
4. JSC UniCredit Bank is a priority bank for secondary cars.
5. PJSC NKB "RADIOTECHBANK" is a bank in Nizhny Novgorod.
6. JSC TatSotsBank operates in the Republic of Kazakhstan.
7. PJSC "SAROVBUSINESSBANK" is the best bank in the Volga Federal District according to the criteria of 2021.
8. PJSC Sovcombank is a bank in Rostov-on-Don, occupying priority positions among domestic car dealers.
9. JSC MS Bank RUS is a bank from Mitsubishi.
10. LLC "Volkswagen Bank RUS" - from the Volkswagen company.

The best rate

It is difficult to say which bank will have the most favorable loan rates. The borrower's down payment plays a huge role.

On average, here are some statistics:

• PV 20-30% - rate 13.5%;
• PV 30-50% - rate 12.5%;
• PV from 50% - rate 11.5%.

Also, it should be taken into account that participating car dealerships independently select banking partners for themselves; they should have the most favorable conditions compared to other banks.

Upon presentation of a 2-NDFL certificate or a tax return, the interest rate may be reduced by 1% (this incentive is not valid for all banks).

For some list of cars there is an individual bank tariff, which allows you to reduce the rate by 0.5-1%.

Chevrolet

In 2021, the Family Car program also extends to Chevrolet products. One of the mandatory conditions for purchasing a car is the absence of car loans for 2018, as well as the obligation not to enter into them in the next 12 months.

In addition, you can get a car loan from the following banking organizations:

• Metcombank;
• VTB 24;
• Cetelem Bank (a subsidiary of Sberbank);
• Rusfinance Bank.

Only the Chevrolet Niva car in all trim levels takes part in the promotion. In car dealerships you can find out detailed characteristics of each model.

The procedure for obtaining a car loan on preferential terms

Anyone can apply for a loan and receive a discount from the state, but subject to the specified requirements.

Stages of registration:

1. Choosing a car that is suitable for the state program. This stage is carried out with the salon manager.
2. Loan miscalculation. The partner bank creates a preliminary calculation and talks about all the conditions. Many bank organizers publish online calculators on their websites, with which you can calculate your loan payment in advance. This allows you not only to get acquainted with a variety of banking products, but also to conduct a comparative analysis.
3. Transfer of all necessary documents, information and registration of the application.
4. After checking the bank of birth certificates and the client’s credit history, a decision is made.
5. If approved, sign the purchase and sale agreement. If the client hands over his car to trade-in - an assignment agreement.
6. Registration of CASCO insurance.
7. Making a down payment.
8. Signing a loan agreement.
9. As soon as the funds are credited to the car dealership’s account, the manager can place the car at the applicant’s disposal. Funds under the loan agreement are received the next day after financing, the subsidy is transferred on the second day.

Have you ever taken out a car loan?

Not really

List of documentation for participation in the state program

List of papers for registration:

1. Passport of a citizen of the Russian Federation.
2. Driver's license.
3. Certificate in the form of a bank or 2-NDFL. Provided if you want to reduce the rate or in case of a loan exceeding 1 million rubles (condition of some banks).
4. Work record book or employment contract (at the request of the bank).
5. Spouse's documents. Provided only in case of guarantee.

Find a complete list of documents for a specific bank on the official website of the bank you have chosen.

Is it possible to get a 10% discount without taking out a loan?

You can only receive a subsidy when purchasing a car on credit; the state does not finance car purchases for cash. However, there is one option. If you have the funds to buy a car, you can purchase it on credit, just make a down payment of 85% of the cost of the car. In this case, a 10% subsidy will be added to the down payment. Since early repayment of the loan is possible at any stage, after 3 days you can pay the remaining amount in full. The overpayment, in this case, will be minimal.

Expert opinion

Alina Nikolaeva

Car loan consultant

It is necessary to take into account that all banks require a CASCO policy for the first year. Any citizen has 5 days of “freezing”, during which the borrower can terminate the insurance contract and return the funds paid.

You should be aware of life insurance from the bank, which reduces the interest rate. For a small amount, financial protection will be minimal and in case of early repayment it will be recalculated.

Alternative to the government program

The end of support from the state will be at the end of April or beginning of May. To date, the government has not presented other options for financing the auto industry, however, among the offers of banks, you can find profitable options:

1. An additional discount of 30-50 thousand when applying for a loan under a program with a residual payment. It is provided by the bank for the development of this program.
2. Receiving a direct discount from the dealer, its size depends on the car model purchased.
3. Discount when returning the car to trade-in. Depending on the model, you can get from 20 thousand to 90 thousand rubles.