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Terms and conditions of Loans for the Purchase of Vehicles by Legal Entities




Terms and conditions of Loans for the Purchase of Vehicles by Legal Entities

 Application (.pdf) for the loan product for the purpose of vehicle purchase.
Please e-mail the form completed to bychkov@mmbank.ru
Loan is granted by noncash payment through a wire transfer to the Borrower’s account opened with the Bank of Moscow.
Loan consultancy is available at any branch of the Bank of Moscow.

 


Loan Product
  • Loan
  • Credit line with drawdown limit
Loan Currency RF roubles
Loan Value Max 10,000,000 RF roubles
Loan Term Max 36 months
Loan Purpose Purchase of new vehicle (-s)
Interest Payment Procedure on a monthly basis
Principal Repayment Procedure on a monthly basis /on a quarterly basis by equal instalments
Additional Conditions Availability of the Borrower’s transaction account with the Bank of Moscow
Borrower’s Own Funds The min advance paid by the Borrower on its own account shall be at least 15% of the contract value
Insurance of the Property to Be Pledged Mandatory insurance of vehicles
Security Pledge of vehicles purchased

No.
Description
To Be Provided By
 1. Application for the loan Borrower
 2. Permits for certain businesses (licenses/certificates) certified by notary public or registration agency Borrower
 3. Copies of resolutions of the relevant authorities on assignment of any officers to sign agreements or any other documents as part of the transaction certified by the Borrower/Surety/Seller as well as powers of attorneys executed as appropriate Borrower/ Surety/ Seller
 4. Resolution of the authorized body on the approval of the loan and pledge transaction made with the Bank/surety transaction specifying material terms of the deal (as provided by the law of the Russian Federation or constituent documents) Borrower/ Surety
 5. Copies of passports of the Russian citizens: principal founders (over 50%), CEO, Controller Borrower/ Surety
 6. Accounts for the previous financial year and four recent reporting dates executed and made in compliance with the requirements of the Ministry of Finance of the Russian Federation (Form 1 and 2) Borrower
 7. Balance sheet account 01 interpretation as of the recent reporting date Borrower
 8. Copy of explanatory memorandum and auditor’s opinion based on the results of mandatory audit of the annual accounts (as provided by the Russian law) for the recent financial year certified by the Borrower Borrower
 9. Certificate issued by any Inspectorate of the Federal Tax Service of the Russian Federation (Ministry of Taxation of the Russian Federation) related to the budget settlements and/or budget settlement reconciliation report or the Customer’s letter specifying unavailability/availability of debts related to budget settlements and a copy of the request delivered to the tax authority with regard to issue of the certificate as aforesaid. If any restructured debt is available documents supporting the foregoing restructuring shall be provided to the Bank. Borrower
 10. Copy of the report of the recent field tax audit of business certified by the Borrower or a letter signed by CEO and Controller if no audit was carried out. Borrower
 11. Bank certificates related to monthly loan turnover with regard to any transaction/current foreign currency accounts (net of any loans or credits granted or replenishment using accounts opened with any other banks or conversion transactions), available debt or any limitations related to disposition of funds on the foregoing accounts for the recent six months Customers with positive credit history with the Bank may provide bank certificates supporting at least 70% of turnover Borrower
 12. Information note on manning table of the Borrower certified by CEO and Controller Borrower
 13. Documents supporting the Borrower’s credit history (if any) and data on both recurring bank credit debts and loans certified by CEO and Controller Borrower
 14. Agreement/contract for the purchase of any vehicle to be paid out of the loan funds provided by the Bank Borrower
 15. Information note signed by CEO and Controller related to prospective storage area for the vehicle to be purchased and title deeds/lease agreement with regard to the premises the vehicle purchased is to be stored in  Borrower
 16. Any other document at the Bank’s or Borrower’s discretion specifying features of its financial and economic activities Borrower

Printable version


Attention! Any documents submitted to the Bank must be completed in Russian.
The texts of documents/forms in Russian can be found on our Russian version website.