OREANDA-NEWS. October 07, 2009. As part of its effort to improve its car lending programmes, ZAO Raiffeisenbank is offering clients updated credit terms: as of 1 October, the bank will be reducing the interest rates for all programmes by 4,5%, reported the press-centre of Raiffeisenbank.

Now, in the purchasing programme for foreign cars, the interest rates come to 14% to 16% annually in US dollars and euro and from 18% to 21% annually in roubles, depending on the credit period (from one to five years) and the type of income verification. In the purchasing programme for acquiring used foreign cars, the interest rates range from 15% to 17% annually in US dollars and euro and from 21% to 23% annually in roubles, depending on the credit period (from one to five years) and the type of income verification.> Clients can acquire domestic cars for interest rates from 15% to 17% annually in US dollars and euro and from 20% to 22% annually in roubles, depending on the credit period (from one to five years) and the type of income verification.

The moratoria and commissions on partial and full early repayments have been cancelled for all car lending programmes.

Changes in Raiffeisenbank’s credit programmes are being implemented simultaneously in all regions where the bank is present.