Credits

Car loan «CHINA AVTO PLUS»

Consumer loan for the purchase of a new vehicle sold through a network of official Dealers “AUTO MOTORS ASIA” LLC, “Sher-Don-YDA” LLC, “KING GARMENT TEXTILE” LLC, “CHINA-AUTO MOTORS” LLC.

from 22%

Interest rate

up to 60 months

Credit term

No more than 85% of the value of the car

Loan amount

CAR LOAN «CHINA AVTO PLUS» - consumer loan for the purchase of a new vehicle sold through a network of official Dealers “AUTO MOTORS ASIA” LLC , “Sher-Don-YDA” LLC, “KING GARMENT TEXTILE” LLC, “CHINA-AUTO MOTORS” LLC.

The loan is granted in the amount of not more than 85% of the cost of the Car, provided that the Borrower makes a down payment of not less than 15% of the Car cost.

Persons interested in obtaining a loan can choose the parameters of their loan based on the following options, depending on the amount of the initial loan payment:

The amount of the initial payment *	Loan period	Annual interest rate
from 15% to 20%	up to 36 month	22,0 %
	up to 48 month	24,0 %
	up to 60 month	26,0 %

The amount of the initial payment *	Loan period	Annual interest rate
from 20% to 25%	up to 36 month	22,0 %
	up to 48 month	23,5 %
	up to 60 month	25,0 %

The amount of the initial payment *	Loan period	Annual interest rate
from 25% to 30%	up to 36 month	22,0 %
	up to 48 month	23,0 %
	up to 60 month	24,5 %

The amount of the initial payment *	Loan period	Annual interest rate
from 30% to 35%	up to 48 month	22,5 %
from 30% to 35%	up to 60 month	24,0 %

The amount of the initial payment *	Loan period	Annual interest rate
from 35% to 40%	up to 48 month	22,0 %
from 35% to 40%	up to 60 month	23,5 %

The amount of the initial payment *	Loan period	Annual interest rate
from 40% to 50%	up to 60 month	23,0 %

The amount of the initial payment *	Loan period	Annual interest rate
от 50%	up to 60 month	22,0 %

*For self-employed persons:

In the amount of at least 20% of the price of the car purchased on credit, specified in the car supply agreement.

The Bank provides the opportunity to choose the method by which the monthly payment for the car loan will be calculated. The first one - when the payments are the same every month (annuity), and the second one – when they decrease over time.

The client's expenses related to the loan include only the costs of insurance and registration of collateral for vehicles purchased at the loan expense. The issuance and maintenance of loans for the purchase of road transport is not subject to any additional payments.

Procedure for granting a loan: The funds paid by the client and the car loan funds are transferred to the account of “AUTO MOTORS ASIA” LLC , “Sher-Don-YDA” LLC, “KING GARMENT TEXTILE” LLC, “CHINA-AUTO MOTORS” LLC opened in the ASIA ALLIANCE BANK.

As collateral for the loan, the Bank accepts:

collateral of motor vehicles purchased with a loan (the main collateral);
insurance policy that meet the requirements of the Bank (optional).

To obtain a Loan, the Bank shall be provided with the following documents:

Application for the Loan.
Contract of delivery of the car.
Identity document (passport, ID-Card, residence permit, etc.)
Documents to secure the loan.
In cases where the client is married - a statement from the spouse about consent to provide collateral for a car purchased with bank loan funds; if the client is not married - a document confirming the absence of marriage is provided.
Self-employment certificate.*

* when providing loans to self-employed persons

The Bank reserves the right to request additional documents for the most complete analysis of the Borrower's/Co-Borrower's solvency.