Monday, March 23, 2015

Manturov: The interest rate on preferential car loan could reach 70% of the key rate of the Central Bank – Bulletin

The interest rate on preferential car loan could reach 70% of the key rate of the Central Bank. On Monday March 23, said Industry and Trade Minister Denis Manturov.

“We believe that it [compensation] is mapped to the key rate. We are now at the stage of final approval, but most likely it will be 70% of the key rate,” – reports the words of the official Tass.

According to the program of support for car loans “category vehicles are not limited to,” said Manturov. Thus, it can be both passenger cars and light-commercial vehicles, trucks, buses, and so on. D. However stimulate demand for expensive segment is not expected, and the average purchase price of the car, lending is supported by the state, is about 700 000 rubles.

According to the minister, this measure will support not only producers and consumers, but will also help car dealership businesses. “This is quite independent, and a large segment of the economy”, – said Manturov, adding that it employs about 250 000 people and 2,500 businesses.

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