In which banks can I get a car loan without Casco?

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Car loans are the provision of money for the purchase of a car. Moreover, vehicles can be new or used. The bank issues funds after the approval of the application. At the same time, lenders assess their risks. Loans are secured by a car. Many banks issue them only when buying a CASCO policy. Is it necessary? Is it possible to get a car loan without CASCO? The answers to these questions are presented in the article.

Required?

When car loans, the bank transfers money to the seller. Until payment, the car will be in the form of collateral with the bank. For the majority, buying a car on credit is the only way to solve the transport problem. The advantage is a quick acquisition and with a minimum amount of savings.

And overpayment is considered a disadvantage. You will have to pay about 50% more than the cost of the car. Therefore, many wantsave money in every possible way. Can I get a car loan without CASCO? The client has the right to this, besides, then the cost of transport decreases.

What do banks offer?

Without insurance, the bank risks. If the car has an accident or is stolen, and the owner cannot pay the loan, then there will be nothing to seize. Therefore, a car loan without CASCO is usually provided on the following conditions:

• rate rises to 22%;
• more closely studied credit history;
• changing the crediting period;
• limited to 1 million rubles;
• down payment up to 50% required;
• extra fees apply;
• there is a need to purchase a car only in partner showrooms.

If everything suits you, you can safely apply for a car loan without CASCO. These loans are provided for the purchase of new and used cars. But it is important to consider that the client is also at risk. If the car is stolen or damaged in an accident, you still need to pay the loan in full, and no compensation is paid. Therefore, it is important to first weigh the pros and cons of such a purchase.

Conditions

A car loan without CASCO is provided by banks on more stringent conditions, which allows minimizing risks. The main conditions include:

1. Increased rates. Since the risk of losing collateral without its recovery increases, the bank protects personal assets in a different way - it raises the rate. Each bank has different indicators, but usually such a car loan is 3-5% higher.
2. Short termrepayment. The longer the credit period, the higher the risk that something will happen to the transport. Therefore, without CASCO, the repayment time is reduced. Instead of 5-7 years, the contract is usually drawn up for 3 years.
3. Amount limits. A car loan without CASCO for a new or maintained car is provided in the amount of 500 thousand - 1 million rubles.
4. Increased first payment. In some banks, it can reach up to 50% of the cost of the car.

Banks that give car loans without CASCO conditions may differ. But the above nuances apply almost everywhere. A car loan without CASCO insurance is usually not provided without a certificate of income. It must indicate the place of work where the client has been employed for more than 6 months or 1 year.

How to get a car loan without CASCO? In advance, you need to select the brand of the car, check its condition and equipment, and also find out how much to apply for. Some car dealerships cooperate only with specific banks, which also needs to be clarified. The procedure for applying for a car loan without CASCO for a new car or a used car is as follows.

Choose a bank and apply

But not all credit institutions agree to provide services without CASCO. You can apply to multiple banks. But it is important to keep in mind that a preliminary positive response is not a 100% guarantee of issuance. Documents will be checked when visiting a bank branch before signing the contract.

Standard requirements include:

• age (21-65years);
• citizenship of the Russian Federation;
• permanent registration in the service area;
• no criminal record;
• income - at least 30-40 thousand rubles.

Collection of documents

When an application for a car loan without CASCO for used cars or new vehicles is approved, you can prepare a package of documents. Availability required:

• passports;
• loan applications;
• driving license;
• copies of work book;
• reference 2-personal income tax.

Some financial institutions require other documents. This may be a military ID, a certificate of education, papers on property. If the solvency, according to the bank, is insufficient, additional conditions are put forward for them. For example, 1-2 guarantors are required.

Signing the contract of sale

When the bank's permission is received, you can conclude a contract of sale. When a car dealership and a bank work together, the procedure will be easier. Then in the salon you can choose a car and immediately sign an agreement with a bank representative.

Concluding the contract and making the first payment

Before signing the contract, you must read it. Particular attention should be paid to the following points:

1. Bet size. Decent banks indicate the rate on the main page of the document, and do not fix it in the notes.
2. Amounts of commissions for operations. The lower they are, the better.
3. Methods of payment of the loan. It is desirable that there bemultiple deposit options, including online redemption method.
4. Terms of early payment. Some banks may charge fees for full deposits before the end of the contract.
5. The rights of the car owner.

Then you need to make the first payment, which will be credited to the account of the seller of the car. Banks do not provide a car loan without a down payment without CASCO, as this is a big risk.

Registration of the car and payment of the debt

You need to register the car with the traffic police. This must be done within 10 days after the conclusion of the sales contract. You can contact any traffic police department.

You need to pay a fee and provide documents for the car, including a mandatory OSAGO policy. After registration, the buyer becomes the owner of the vehicle. It remains only to comply with the traffic rules and pay the debt on the loan in a timely manner.

Bank selection

It depends on how much you have to pay monthly and on what terms. In order for the requirements to be acceptable, you need to know how to choose the right bank:

1. Need to look at bank ratings. It is desirable to take into account independent ratings. It also happens that a small regional bank offers the best conditions and is ready to provide a loan in 1 day. But in case of bankruptcy of this institution, it will be necessary to go through many unpleasant procedures in order to find out new details. It is better to choose well-known banks.
2. Must read reviewsclients. They can be found on trusted services on the Internet. Information of interest is still learned through friends and relatives.
3. It is important to compare the terms of cooperation. First you need to find out what documents are provided. Each bank has its own conditions for providing car loans.

You need to be careful with express auto loans. Winning time often results in a higher bet. Other nuances include additional commissions for opening and maintaining an account, unfavorable conditions for early payment.

You still need to follow promotions and offers. If the employer cooperates with the bank on a salary project, then additional benefits and privileges are likely to be available. And in which banks a car loan without CASCO is issued on acceptable terms, is described below.

Tinkoff Bank

Customers are offered a credit card with an amount of up to 300 thousand rubles. The application is made no more than 5 minutes, and the answer is received within 2 minutes. The card will be sent to your home address or office. No interest accrues for the first 55 days.

The money provided can be used to buy a car. Then there will be a rate of 19.9%, but it can be set individually. For annual maintenance, 590 rubles are charged. All operations are carried out remotely using a phone, computer and mobile devices.

VTB Bank of Moscow

The Bank is included among the leaders of the Russian financial market. Citizens can apply for consumer loans up to 3 million for a periodup to 5 years. The application can be submitted through the site and receive a response in 15 minutes.

Special conditions apply for civil servants and corporate clients. Starting rate is 14.9% Clients may be granted holiday credit holidays or for other reasons.

Sovcombank

The Bank provides cash loans up to 1 million rubles at 17%. Car loans are issued according to a special program - a new car secured by an old one.

The vehicle to be exchanged must meet the following requirements:

• age 19+;
• technically correct;
• car must not be pledged;
• not enrolled in the car loan program.

When in doubt about the solvency of the client, banks may request a guarantor. A loan with a pledge in the form of an old car is issued for clients over 21 years old who are officially employed.

UniCredit Bank

Customers are issued loans for the purchase of a used car. The maximum amount is 1.2 million rubles for up to 5 years. The initial payment is from 30%. The rate is at the level of 21.9%, and when taking out life insurance, it is reduced by 2%. The increased cost is due to the fact that during registration it is not necessary to provide a certificate of income or a copy of the work book.

If you take out CASCO insurance, then the minimum first payment will be 15%. The rate is also reduced - 16.9-18.9%. This requires confirmation of solvency andemployment with the help of documents. Then the loan is issued according to the passport and driver's license, if you make a large first payment and if the loan amount is small.

Alfa-Bank

This bank provides car loans to both payroll and corporate clients, as well as ordinary citizens. Moreover, without CASCO, up to 2 million rubles can be issued if a used car is chosen and up to 3 million rubles if the vehicle is new. The term is up to 5 years, and the minimum contribution is from 15%. The rate is 20.99 – 24.99%.

When applying for insurance, the overpayment will be 15.99 - 22.99%. Car loans are provided to participants of salary projects according to a passport and a second document. Employees of partner companies need to provide a 2-NDFL certificate for 6 months.

VTB 24

This bank issues a loan "Auto Express". It is tedious to provide a passport and another document - a military ID, a driver's license. The first installment starts from 30%. The maximum amount is 1.5 million rubles. The rate is 16.9 - 21.9%.

The main requirements include:

• positive credit history;
• income per month from 30 thousand rubles;
• experience - from 1 year in the region where the bank is located;
• permanent registration.

If you take out a loan with insurance, the first payment is reduced to 20%, and the rate will be 16.9 - 18.9%. Car loans are issued quickly - within an hour after application.

Rosbank

This bank has no specialcar loan programs, but there is the possibility of obtaining a simple, non-purpose loan and purchasing a car without CASCO on it.

Through the Big Money program, borrowers can buy a new or used car. The amount is 300 thousand - 3 million rubles. The rate is 14-21%.

Thus, many banks provide car loans without CASCO for new cars and used vehicles. But then borrowers need to be prepared for other conditions. After studying the requirements of several banks, it will be possible to choose the most suitable option.