"Light" Car Loan

Main conditions of the Light Car Loan programme

• loan against two documents
• loan is extended for purchasing a new or used car of foreign production or a new car of domestic production
• Loan of up to 2 000 000 rubles or the equivalent in US Dollars or Euro
• interest rate from 13% in rubles and from 10.5% in US Dollars and Euro
• Loan term up to 5 years
• no commission charged on the loan
• deposit: from 30% of the cost of the vehicle
• period required for considering the loan application: up to 2 days from the Bank receiving the full set of documents
• a decision to extend loan is valid for four months
• the loan is paid off in equal (annuity) payments
• the loan may be paid off early, at any time, either in whole or in part, without any commission being charged

Security

• pledge of the purchased vehicle
• comprehensive vehicle insurance to at least the full value of the vehicle with an insurance company meeting the Bank’s requirements on insurance companies and conditions for rendering of insurance services

Conditions valid until 01 February 2011

The penalty for delayed discharge of obligations under a loan agreement for purchase of a vehicle is 0.5 % of the arrears for each day of delay, minimum 50 rubles (or the equivalent in US Dollars/Euro calculated at the Bank of Russia exchange rate on the date the penalty is paid) for each day of delay, and is calculated for the period from the date the arrears occur until the borrower redeems them, inclusively.
The penalty for failure to submit the Vehicle Log-Book to the Bank or to do so by the time set in the loan agreement amounts to 5 000 RUR (or the equivalent in the loan currency, calculated at the Bank of Russia exchange rate on the date the penalty is charged) and is levied on the Borrower on the day following expiry of the term set by the loan agreement for submitting the Vehicle Log Book to the Bank and monthly for each subsequent month of delay in the Borrower submitting the Vehicle Log Book.
Fine in the amount of 10 (ten) per cent of the pledge value of the pledged vehicle for each violation of the obligations under the pledge agreement.

¹ With the exception of used Chinese cars. On receipt of the loan, the car must be no more than four years old and on full redemption of the loan - a maximum of eight years old.

² If the Borrower, wishes, the sum of the loan may include the insurance premium for the first year of insurance under state compulsory third party and comprehensive insurance agreements (policies). The loan may not, however, exceed 70% of the value of the purchased vehicle.

Set of documents to be submitted by the Borrower for loan purposes

1. Loan application
2. Borrower’s passport
3. Second document: choice of:
   • driving licence
   • foreign travel passport
   • INN assignment certificate

For loan of over 1 000 000 RF rubles or the equivalent in US Dollars/Euro and a deposit of less than 50%, an income statement from place of work for the last 6 months is to be submitted, either on:

• form 2-NDFL, or
• the Bank’s form or statement in free format meeting the Bank’s requirements, or
• statement from the finance department^* (for military personnel or law enforcement officers)

The set of documents to be submitted by the payroll customers of corporate clients for the loan

1. Loan application
2. Borrower’s passport
3. Payroll plastic card (if any)
4. Second document: choice of:
   • driving licence
   • foreign travel passport
   • INN assignment certificate

* Persons in military services and law inforcement officers may submit form 2-NDFL as a document confirming their income.

Requirements on the Borrower

• Citizenship of the Russian Federation
• Place of residence:
  Payroll clients − in any office of the bank irrespective of the actual place of work/ permanent registration.
  Non-payroll clients − a loan can be applied for at the Bank’s office located both at the place of permanent registration and at the place of actual residence. When applying for a loan at the place of actual residence, the region of registration and the place of work must be the same as the region of the Bank’s presence.
• When submitting the Application, the Borrower must be at least 21 years of age and, at the time of redemption:
  • no more than 55 years of age (inclusively) for women
  • no more than 60 years of age (inclusively) for men
  
  The maximum age for the payroll clients as at the date of the loan repayment is 65 (regardless of gender) for the loan amount of maximum 500 thousand rubles included (or an equivalent in the loan currency according to the rate of the Bank of Russia as at the date of the application filing).
• A minimum of 3 months in the current job

Loan extension procedure

1. You may complete the loan application form On-line, or by telephone (for Moscow and the Moscow Region) or visit one of the branches of the Bank or Auto-Dealer with the full set of documents required for a loan decision to the made.
2. Within two business days from the date of application for a loan the Bank will make a decision on granting a loan¹ and notify you accordingly by sending an SMS message to your mobile telephone number specified in your loan application. When applying for a loan On-line or by telephone the time for making a preliminary decision on the loan application is no longer than 15 minutes. You may become aware of the taken decision at once by receiving an SMS message from the Bank. Then you will have to contact the Bank’s branch you have chosen with a full set of documents required for the final decision to be made. In the event of a positive decision the Bank will send a letter to your Auto Dealer confirming its intention to grant a loan.
3. You conclude the car purchase agreements and pay the deposit for the car. You conclude and pay for the insurance agreement. You provide the Bank with the full set of documents for conclusion of the loan agreement.
4. You conclude the loan agreement and the vehicle pledge agreement at the Bank.
5. 5.You provide the Bank with the original of the car log-book within 15 days of signing the loan documentation.

Paying off Bank of Moscow loan is easy

• Through ATMs with a "cash-in" function
• Via the WEB-banking system
• At branches/back-up offices of the Bank
• Via the "Russian Postal Service"
• From an account with a different bank

¹ If the application is submitted to a branch of the Bank, the period for decision-making runs from the day the Bank receives the full set of documents.