* Collateral shall be appraised by one of the independent appraisal companies cooperating with the bank.                                                    

**The following car models are acceptable for the Bank - Mercedes-Benz, BMW, Audi, Porsche, Ford, KIA, Honda, Chevrolet, Volkswagen, Opel, Toyota, Lexus, Nissan, Infiniti, Mitsubishi, Hyundai, Lada, Suzuki, Subaru, JAC, Land Rover, Mazda, Mini.

Attention: Loan interest rates shall accrue based on the nominal interest rate, while the effective annual interest rate shall show how much the loan will cost to you in case interests and other mandatory payments with regards to loan disbursement and service are repaid in due amounts and specified timelines.

Collateral registration fee

• Original and copies of a potential borrower’s passport and social security card (where the borrower lacks the documents, a respective reference shall be submitted)
• A copy of the borrower’s marriage certificate (divorce certificate, spouse's death certificate)
• Copies of family members’ passports and social security cards (where the borrower lacks the documents, a respective reference shall be submitted) 
• A reference on the place of residence 
• A reference from the workplace 
• Copies of the work record book and employment contract, except for government employees
• A copy of the driving license
• A reference on additional income
• A copy of the registration certificate of the car to be acquired (of a temporary registration certificate)    
• A copy of the ownership certificate
• A copy of a seller’s passport
• Other documents upon credit officer’s request

* Where a new car is acquired, a potential borrower shall submit an invoice (import-related documents of the transportation means, where required) instead of the documents listed under clause 9 of the list above.         

Where a loan is disbursed, a credit officer may require to renew any of the documents in the list during the loan effective period.  

The loan application will be approved if 

1. the customer submits the complete package of documentation and the loan application. 
2. the query made to CBA credit register shows that the Potential borrower and/or the Potential guarantor did not have classified liabilities and/or on the whole were not at least 30 days past due within the past 24 months prior to the query. 
3. the appraised value of the Collateral or Collaterals meets the requirements. 
4. both the Borrower’s and the Guarantors’ revenues meet the requirements. 
5. the body authorized to take loan decisions approved the loan application. 

The loan application will be rejected if 

1. the customer has failed to submit all documents necessary for getting the loan. 
2. the query made to CBA credit register shows that the Potential borrower and/or the Potential guarantor had classified liabilities and/or on the whole were at least 30 days past due within past 24 months prior to the query. 
3. the appraised value of the Collateral or Collaterals does not meet the requirements. 
4. both the Borrower’s and the Guarantors’ revenues do not meet the requirements. 
5. the Borrower and the Guarantor submits false documents and/or information. 
6. the rejection basis of loan application, which is not removed, is available in the credit historical database, 
7. the body authorized to take loan decisions rejected the loan application.

Your property (house, vehicle, or other) may be confiscated in the manner provided for by law where you fail to repay your interests and principal in time.

Where you fail to perform your loan obligations, the loan security, as well as another property of the borrower if the former is insufficient, may be seized and sold in a court or out-of-court procedure both through direct sale and public auction.

Where you fail to perform your obligations either fully or partially, the Lender shall send those data to the credit bureau within a three-day period, where your credit history is generated. You shall have the right to obtain your credit history from the bureau free of charge. Attention: A bad credit history may hinder lending in the future.  

When applying for a loan, the Lender shall provide you and guarantor(s) (if any) with an individual sheet on essential terms, wherein you will come across individual terms of the loan to be disbursed to you.  

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