Car loan online - how to calculate a loan for a car and where to fill out (submit) an online application for a car loan: TOP-5 banks with advantageous offers

Hello dear readers of the financial magazine Rich Pro! Today we will tell you how to calculate and apply for a car loan online, as well as where it is better to apply for a car loan via the Internet.

After reading the publication, you will learn:

• What are the features of car loan registration online;
• What are the ways to calculate a loan for a car;
• Where can I apply online for a car loan.

Also in the article you will find step-by-step instructions for applying for a car loan onlinewhich will help beginners. In addition, traditionally at the end of the publication we answer popular questions.

This article will be useful to anyone who wants to get a car loan as quickly as possible and without problems. How to do it, read it now!

About how to calculate and apply for a car loan online, where it is better to apply for a car loan - read in this issue

1. An application for a car loan online as a way to buy a car through the Internet 🗒

In the days of the USSR, our compatriots had to save money for a car for a long time. Then I still had to wait for my turn, because there were not enough cars in the country for everyone.

Today, buying a car is much easier. Wherein even it is not necessary to have an amount sufficient to purchase it. It is enough to contact the bank and get a loan. But it turned out that this is not the limit, because you can get a loan to buy a car online.

Just a few years ago waste time waiting in line, a conversation with a loan officer. It was also necessary to collect a huge number of references and documents. And there was no guarantee of a positive response from the bank.

With the development of Internet technologies, the procedure for obtaining a car loan has been greatly simplified. Today, in order to apply for a loan, you don’t even have to leave your home or office. Enough fill out an application online and in just a few minutes you can become the proud owner of money to buy a car.

Of course, you still have to go to the office of a credit organization. It is produced there signing a contract. You will also need to visit a car dealership, where it is carried out directly car purchase. But with a positive decision on the loan, such actions will no longer be difficult.

There are several advantages of obtaining a car loan online:

• time saving - do not have to travel to credit organizations, stand in queues;
• filling out the application is carried out in comfortable conditions, unlike the nervous and tense situation in the bank branch;
• You can apply to several credit organizations at once;
• some companies offer a reduced interest rate for customers applying online.

Those who decide to get a car loan should be aware that most banks require you to deposit an initial fee. Its size depends on the credit institution and the borrowing program.

However, those who do not have money at all should not despair - today you can find car loans without a down payment. But it should be borne in mind that the rate for such programs is usually significantly higher. The reason is simple - in such cases, the bank assumes a significant risk.

Borrowers should know that the response received from the bank via the Internet is preliminary. Before issuing a loan, a credit institution necessarily will verify the information specified in the electronic application with the original documents.

Therefore, experts recommend fill out the questionnaire as much as possible full of, fair and attentively. If errors and inaccuracies are found in the application, the loan will most likely be refused. In addition, upon detection of fraud, bank specialists may bring the applicant into black list.

One of the most important parameters of a car loan is interest rate. It is she who has a decisive importance on overpayment. Also its size is affected the amount and term loan received and lending terms.

Traditionally, car loans are more profitable than ordinary consumer loans. However, the characteristics of the borrower and his chosen bank remain decisive.

Important! On average, a car purchased on credit will cost approximately 40% more expensive.

Borrowers should be aware that effective ways exist. to lower car loan overpayment. It happens that instead of the target it’s more profitable to get consumer credit or credit card. A similar situation can arise when a small amount is not enough to buy a car.

Each bank develops its own conditions for car loans. However, experts identify common features of the proposals of all credit organizations.

Basic conditions for issuing a car loan in banks:

• down payment may be completely absent or reach half the value of the car;
• loan terms makes up from 1 before 7 years.

In addition to the parameters of car loans, a number of requirements can be identified that are imposed on borrowers.

The main requirements for the borrower are:

• age - minimal - 21 yearsmaximum - 65 years (sometimes a loan is issued to citizens from 18 before 75);
• job availabilitydocumented;
• regular official income.

Some banks offer a car loan without presenting work and income certificates. But, agreeing to such proposals, it should be borne in mind that the cost of the loan in this case can be significantly higher.

In any case, before issuing a car loan, it is important to carefully study all the offers of banks. Only after that you can choose one of them.

The main methods of calculating a car loan: 1) using an online calculator; 2) at a bank branch; 3) independently

2. How to calculate a car loan (car loan) - TOP-3 ways to calculate the cost of a car loan

Most modern Russian banks offer a car loan. In this situation, it is not easy for the borrower to choose the best option.

To be sure that a car loan is the most profitable, you should carefully analyze all the options available. To do this, you need to calculate in advance the cost of a loan to buy a car in different banks.

Experts recommend using one of the three methods described below for this.

Method 1. Calculate a car loan using an online calculator

The easiest way to calculate the overpayment for a car loan, which does not require much time and knowledge, is online loan calculator.

There are 2 main types of them:

1. programs offered by specialized sites;
2. calculators posted on official resources of credit organizations.

In the special fields you must enter the main characteristics of the car loan:

• car cost;
• down payment amount;
• loan term;
• interest rate;
• repayment option (annuity or differentiated payments).

After all the fields are completed, it remains to click on the button "Calculate a car loan", as a result, you get a schedule with monthly payments and overpayment amounts, as well as the total amount of payments on the loan.

Car loan calculation using online calculator

Method 2. Contact a loan specialist at the bank

Those who do not want to personally calculate a car loan should contact a bank branch. Loan specialists will independently carry out all calculations.

The client does not always understand how this or that result is obtained. However, this method also has plus (+) - the borrower does not have to do anything.

In addition, calculations in a credit institution are usually more accurate and detailed.

Method 3. Make a self-calculation of a car loan

This option is suitable for those who trust only their own calculations. However, it will require a good knowledge of financial mathematics.

Calculations can be done using engineering calculator or Excel spreadsheets. It is important not to forget to consider all the parameters of a car loan.

Thus, before proceeding with a loan to purchase a car, it is important to calculate future payment amount and overpayment.

To do this, you can use one of the presented methods. The choice of option depends on the knowledge and desires of the borrower.

Step-by-step instructions on how to apply online for a car loan

3. How to apply online for a car loan - 5 simple steps

So, getting an auto loan greatly simplifies the task for those who dream of their own car, but do not have enough money to buy it. However, still not everyone knows how to properly apply for a car loan online.

Therefore, experts have compiled step by step instructions for those who do this for the first time.

Step 1. Calculation of the cost of a loan to purchase a car

First of all, you should calculate the main parameters of a car loan. The borrower must understand how much he has and what he will have to borrow.

Important! It is necessary to determine potential monthly payment amount. This will help to understand how realistic it will be to pay for the loan received.

We have already talked about the methods of calculating above. It is important to remember that to obtain accurate data, the following parameters will be required:

1. loan amount;
2. loan terms (most often in months);
3. interest rate per annum;
4. down payment amount;
5. repayment method.

Keep in mind that most loan calculators do not insurance premiumsthat are traditional for car loans (eg, usually for a car purchased using borrowed funds, issue hull insurance). Such payments should be taken into account in order to correctly assess the amount of overpayment.

It is also important to take into account the presence of various commissions for issuing and servicing a car loan by a bank.

Step 2. Selection of a car and place of its acquisition

Usually, at the stage of analysis of car loans, the borrower knows which car he plans to purchase. However, sometimes the choice has to be made after calculations, when it becomes clear how much the future motorist can count on.

In addition to the brand of iron horse, this step should be pick up a car dealership. In large cities, there are usually quite a lot of them. To make the right choice, it is worth exploring all the offers. For this, it is useful to familiarize yourself with reviews their customers.

Most major car dealers have partnership agreements with large banks. In addition, each dealer establishes contacts with his list of credit organizations.

Therefore, if a specific bank is selected for a car loan, specialists should clarify which car dealership he is working with.

The same applies to those cases when sthe landlord decided to purchase a car in a particular company. Then in the showroom you have to take a list of banks and analyze their offers.

Step 3. Analysis and comparison of car loan conditions in different banks

Some believe that the conditions of car loans in all banks are almost the same. Therefore, they suggest choosing the company that is geographically most convenient. This approach is fundamentally wrong.

Today, a huge number of banks operate in the financial market. Therefore, the level of competition here is very high. Banks fight for each client, regularly developing new car loan programs. The borrower is faced with the task in such conditions. compare maximum offers and choose from them the best.

The easiest way to analyze the maximum number of car loan programs in a minimum amount of time are specialized internet services. It is enough to indicate the city of residence to get a list of offers for comparison.

When choosing a bank for a car loan, borrowers traditionally pay attention to interest rate. This, of course, is important, but not the only parameter. You should also pay attention to repayment terms andcredit institution reputation.

Besides, it is important to study the current shares of various banks, because often they develop seasonal offersto attract more customers.

By the way, on our website there is an article "Car loan with state support - a list of cars and conditions for obtaining" - we recommend reading it.

Step 4. Registration of the application on the Internet

Online application greatly simplifies the execution of a car loan, and also saves the time of the future borrower. However, you still have to visit a bank branch - it is in the office that verification of originals of documents and subsequent signing a loan agreement.

The main advantage applying online is opportunity to file it at once with several credit organizations. At the same time, there is no need to collect a package of documents in several copies and distribute it to the offices of banks.

Filling out an application takes only a few minutes. It is enough to enter all the necessary information in the appropriate fields. (See screenshots below).

Step 1. Calculation of car loan parameters
Step 2. Filling out personal data and applying for a car loan

When applying for a car loan, you will need to enter the following data:

• surname, name, patronymic;
• date and place of birth;
• passport data;
• information about the place of work;
• contact details - mobile phone number and email address.

This is the basic information that will be required. Each credit institution can supplement the questionnaire with its own requirements.

It remains to send an application to the bank and wait for a decision. During the consideration of the questionnaire, a credit institution checks the credit history of a potential client. If there are no problems with reputation, it is practically guaranteed positive decision.

However, if specialists have doubts that the future borrower is solvent, they may renouncement or credit conditions will be tightened. So, the bank may offer to attract guarantor, provide additional deposit or raise interest rate.

You can find out how and where to get a loan without refusal (with a bad credit history without certificates of income and guarantors) in one of our materials.

The decision of a credit institution on an application filed on the Internet is usually preliminary. This means that if approved, the future borrower will have to visit the bank branch with the original documents. Only there will be a final answer.

Step 5. Getting a loan and buying a car

When there is a final positive decision on a car loan, it remains to sign loan agreementto get the money.

After that, you can deal with the purchase of a car, its registration and insurance. About how to insure a car via the Internet, we wrote in a separate article.

The borrower who issued a car loan must remember that the car will be pledged at the bank BEFORE full repayment of the loan.

It is important to make payments carefully, because if you refuse to pay, you can lose your purchased car.

Overview of banks where you can apply for a car loan online

4. Where to file an online application for a car loan - an overview of the TOP-5 banks with great offers

Many believe that car loans have significant drawbacks. They are called Compulsory CASCO insurancewhich some banks impose. In addition, many do not like the fact that the purchased car remains pledged at the bank.

Therefore, those who do not have a small amount to buy the desired car often make out consumer creditor credit card.

However, a car loan does not lose popularity. This is explained quite simply - it is often possible to obtain consent for such a loan easier. The interest rate on a car loan is usually lower.

The popularity of car loans leads to the fact that most banks include such programs in the line of loans. Choosing the right one from a huge number of offers is not easy. Therefore, experts make ratings of the best banks.

Below is presented TOP 5 credit organizationswhere you can get a car loan online.

1) Sovcombank

You can borrow cash in Sovcombank up to 1 000 000 rubles. Loan maturity can be set. within 5 years. The rate will be 17% per annum.

For those who wish to purchase a car, Sovcombank offers a unique offer - loan secured by an old car. Read about the conditions and stages of obtaining a loan secured by a TCP title in a separate article in our magazine.

Also today, a credit institution has a special offer - a loan for 100 000 rubles under 12% on 12 months. However, it is important to clarify the availability of such offers if you want to get a loan.

In general, Sovcombank's credit line includes more than 10 programs. In addition to consumer loans, there are car loans. With the funds received, you can buy a car at car dealerships that are partners of the bank.

2) Tinkoff Bank

Tinkoff Bank is fully online. Here literally behind 5 minutes you can apply for a card with a credit limit up to 300 000 rubles.

A decision on the application is made in a matter of minutes. After that, it is enough to indicate the address to which the card should be delivered. On the same day, the borrower becomes the proud owner of the amount necessary to purchase a car.

Credit Card Set interest-free grace period. In other words, when paying off debt during 55 days interest will not have to pay. In addition, purchases using a card are charged bonuses at the rate of before 30% of the amount of costs.

For a year of service for such a loan will have to pay commission at the rate of 590 rubles. The credit card rate is set at a very acceptable level - 19,9% per annum.

3) Renaissance Credit

Renaissance Credit Bank offers an online credit card with a limit up to 200 000 rubles. After filling out the application during the day credit institution specialists make a decision.

Upon receipt of a positive response, the borrower can go to the nearest bank office to pick up a map. Its release and maintenance are free. When repaying a loan within 55 days interest will not be paid. Otherwise, the rate will be 24,9% per annum.

In addition to credit cards online, you can apply for loan in the amount of before 700 000 rubles. The rate is set at the same time. 13,9%. Citizens of retirement age can get a loan on concessional terms.

4) Alfa Bank

Alfa Bank offers a car loan, as well as a cash loan up to 5,000,000 rubles. You will have to return the money received on time from 12 before 72 months.

Those who do not have enough money to purchase a car can apply for at Alfa Bank credit card.

By program Platinum available before 300 000 rubles. In the first year, you don’t have to pay for such a credit card. You can repay the loan through an ATM or in your account on the website. If you manage to fully repay the debt within 60 days, interest will not be calculated.

5) VTB Bank of Moscow

The presented bank is one of the leaders in the Russian financial market. Here you can get up to 3,000,000 rubles for a period of before 5 years. You can apply for a loan both in the office of a credit institution and on the Internet. The experts make a decision approximately behind 15 minutes.

The average rate on credit programs is 14,9% per annum. It is unusual that the borrower can independently choose the payment date in accordance with the day of receipt of the main income.

If the client has unexpected problems, the bank can provide credit holidays. Their duration is from 30 before 60 days.

Government officials can apply for a loan privileges. This category of citizens is invited to issue a loan at a lower rate.

For a more visual comparison of the considered credit organizations, we will traditionally present their main characteristics in the table.

Table TOP-5 banks and their loan conditions:

There are also companies that offer car leasing for individuals and legal entities.This is a car rental with the right to purchase it later. One of the best leasing companies of the Russian Federation by the end of 2016 (data of RA Expert) is Europlan. Here are the most favorable conditions for cooperation + additional benefits and free maintenance of a car for the entire duration of the contract.

5. Why banks can make a negative decision on applications for a car loan - TOP 5 popular reasons 📛

Not always banks make a positive decision on loan applications. In half of cases, the borrower in the issuance of a loan refuse.

It is important to know what causes most often lead to similar consequences. This will help the applicant develop the right tactics.

Reason 1. Low solvency

This reason most often entails a rejection of car loan applications. The reason is simple - the bank makes every effort to increase the likelihood of a refund.

It’s important to make sure that the monthly payment is does not exceed 40% income. If this rule is not respected, you will have to change the main parameters of the loan to increase the likelihood of approval. To this end, you can reduce loan amount or increase term.

Reason 2. Non-compliance with the requirements of a credit institution

The Bank makes certain requirements for borrowers:

• age - usually from 21 before 65 years;
• citizenship of the Russian Federation;
• permanent registration at the location of the credit institution;
• Validity of documents identity cards.

If at least one requirement is not complied with, the bank will refuse to issue a loan.

Reason 3. Bad Credit

Untimely making monthly payments, as well as a complete refusal to repay the loan, are obligatorily reflected in the credit history.

Almost all banks check the credit history of potential borrowers. But each credit institution has its own rejection criteria. Someone refuses at the slightest misconduct, someone only in the case of major sins. Read about which banks do not check the credit history of their customers in a separate article.

Those who managed to spoil the credit history should not despair. Have to fix the reputation. To do this, you should arrange a loan for a small amount and repay it in time.

In some cases, this will have to be done several times. The result will be a positive entry in credit bureau, which will increase the likelihood of a positive decision on the application for a car loan.

Reason 4. The absence of the original of any document

In some cases, the borrower does not provide the original of any documents. Often, the bank considers such a mistake not in favor of the client.

There may be a suspicion that the potential borrower is trying to hide something from the specialists of the credit organization. In this case, the application will take a negative decision.

Reason 5. The applicant has a criminal record

Credit organizations are trying in every way to increase the likelihood of a loan repayment. Therefore, they try not to give out money to those who have a criminal record.

To this end, each applicant checks security Service. Information is requested for this. in law enforcement or are convinced of the absence of a citizen in your own blacklists.

Knowing the main reasons for the bank to refuse to apply for a car loan, any borrower will be able to adjust the line of conduct with the bank. This will help increase the likelihood. positive solutions.

6. What to do if the application for a car loan is rejected - 4 useful expert advice

Most borrowers who are refused a car loan application give up. But do not despair.

The chance to get a car loan remains. It is enough to follow the advice of specialists.

Advice 1. Offer the bank to provide additional security

In cases where the bank considers the solvency of the applicant insufficient, the potential client can offer a credit institution additional security.

To this end, you can attract guarantor or co-borrower either provide additional deposit.

Tip 2. Close existing loans

If upon receipt of a new loan the amount of the monthly payment, taking into account existing loans, will exceed 40% income, it is worth worrying in advance about the repayment of part of the debts.

This will increase the level of solvency, and hence the likelihood of a positive decision on the application.

Tip 3. Fulfill all the conditions of the bank

If the refusal ensues due to the fact that not all conditions of the bank were met, you should try to correct the situation.

To this end, you can provide missing documents and references.

Tip 4. Submit an application to other banks

Banks compete with each other, in the struggle for customers, many of them simplify the requirements for customers.

Therefore, having been refused in one credit organization, it is worth trying to contact another. It is possible that there will be a solution positive.

Thus, even if the application for a car loan is refused don't be discouraged - After all, many still manage to get the desired money.

By the way, you can save time by sending the questionnaire to several banks at once. Today exist special servicesthat allow you to send an application to several credit organizations at once.

7. Frequently Asked Questions (FAQ)

In the process of applying for a car loan, potential borrowers often have questions. Traditionally, to save your time, we respond to the most common of them.

Question 1. What parameters affect the calculation of the cost of a car loan?

Competent borrowers are trying to determine the basic parameters of a car loan yet BEFORE filing an application. But to independently make all the necessary calculations is not easy. Better and faster to do this with special credit calculatorswidely represented on the Internet.

The size of monthly payments is influenced by a huge number of factors. The user enters them independently in the corresponding fields of the loan calculator.

When calculating a car loan using an online calculator, it is important to consider the following parameters:

1. Type of vehicle purchased, mark and model. Also, a significant impact on the parameters of the loan has year of issue car - it is acquired new or used.
2. The cost of the car.
3. Loan terms.
4. Down payment amount determined by the conditions of lending, as well as the capabilities of the potential borrower. Usually this indicator varies in the range from 10 before 50 percent. Some programs may not have a down payment.

Important! Typically, the amount of funds contributed by the borrower before applying for a loan has a significant impact on the rate. The larger the down payment, the lower the percentage of the loan received.

Experts recommend enter the maximum of known parameters into the fields of the calculator. After that, you can change the size of the down payment, choosing the optimal amount of the monthly payment. Such an approach will help substantially. to lower the amount of overpayment and at the same time keep within the available amount of funds.

The simplest car loan calculators take into account only the above parameters. However, often they are not enough.

Modern car loan programs require a more careful approach to calculations, since the result is influenced by a much larger number of indicators.

To increase the accuracy of the obtained values, it is worth considering other criteria of car loan programs:

• availability of life insurance, health and borrower health;
• requirement for a CASCO policy.

It should be borne in mind that the bank may offer the borrower to pay insurance fee from own or credit funds.

In the second case, the loan amount increases. It leads to growth key indicators - principal debt, as well as monthly payment. Naturally, when including the cost of the policy in the loan amount overpayment amount is increasing.

An important factor for choosing a scheme for calculating a car loan is the repayment method.

There are 2 options for repaying a loan:

Option 1. Annuity paymentsthat do not change throughout the maturity;

Option 2. Differentiated Payments gradually decrease during the term of the car loan agreement.

Do not forget about another important parameter that affects the size of the overpayment. It traditionally includes various lender commissions.

Commissions can be of 2 types:

1. one-time - payments for consideration of the application, opening an account, processing and issuing a loan;
2. monthly - fee for maintaining an account open for payment of a loan, SMS alerts, cash deposits and others.

Question 2. What documents are required to apply for a car loan?

When considering the application of a potential borrower, bank experts analyze information about it to determine it level reliability and solvency.

The source of data for these purposes are the documents provided by the client for a car loan. If their content meets the requirements for the borrower presented by the lender, a decision on the application will be positive.

Forming a package of documents for a car loan, you should carefully analyze their list for specific credit organization.

For different banks, the composition of the package of documents differs significantly from each other. Some lenders present more extensive requirements for their borrowers, while others need only a few documents to collect the necessary information about a potential client.

It's important to know! One of the most important criteria determining the composition of a package of documents is legal status of the future borrower. Naturally, for physical and legal of persons their list is different.

Some credit organizations offer citizens to get a car loan in just 2 documents:

Document 1. The main - passport;

Document 2. It is selected from the list proposed by the bank. It usually includes international passport, driver's license, SNILS certificate and other documents.

Borrowers should understand that the minimum package of documents is traditionally accompanied by an increased interest rate on a car loan.

For standard schemes for obtaining a loan for the purchase of a car by individuals, the list of documents will be as follows:

• statement to receive a car loan;
• passport;
• copy of work record certified by the employer, with a note that the potential borrower is still an employee of the company;
• certificate of salary 2-PIT or in the form of a bank;
• driver's license;
• military ID for young people.

Individual entrepreneurs submit the following documents to a credit institution:

1. identity document (passport, driver’s license, military ID);
2. income statement;
3. certificate of registration as an individual entrepreneur;
4. certificate of registration with the tax authorities.

On behalf of the organization, car owners (founders) have the right to issue a car loan. They will additionally need to present:

• copy of the charter;
• a copy of other documents on the establishment and registration of the company;
• copy of tax return.

All copies of documents submitted to the bank must be duly certified.

Question 3. How to reduce the interest rate when applying for a car loan?

Not everyone knows that there are real ways to reduce the rate on a car loan. You should not be skeptical about this issue, because even an insignificant decrease in the percentage can significantly reduce the overpayment.

Are below 4 expert recommendationswhich will reduce the bid.

Recommendation 1 Get hull insurance

The conditions of car loans of many banks establish that the execution of the CASCO insurance policy is voluntary. Moreover, reluctance to purchase it can lead to an increase in the interest rate.

Naturally, the policy will be paid. therefore important conduct a thorough analysis of the overpayment in the case of issuing CASCO and without it. You should choose the option that is cheaper.

Recommendation 2 Explore promotions and offers

Periodically, in order to attract customers, banks develop various unique offers. They may differ in lower rates, attractive conditions and other benefits.

Recommendation 3 Use additional security

Additional Collateral Offer - sureties, collateral and others allows the bank to significantly reduce the risks that it assumes by issuing money on credit.

Worth considering! The lower the likelihood that the creditor will not return the money, the lower the percentage of the bank will install on the loan.

Some credit organizations issue funds against the security of an available car. About how and where you can get a loan secured by a car, we wrote in one of the previous articles.

Recommendation 4 Make the largest amount possible as a down payment

It is important to choose a car for purchase on credit, the cost of which will make it possible to make a sufficiently large down payment.

Do not forget! The rate depends on the amount of funds transferred to pay for the car before receiving a loan. Usually minimum percentage banks exposed with a down payment of about 50% of the cost of the car.

Thus, it is possible to reduce the overpayment for car loans. The main thing is to carefully study the advice of specialists on how to do this.

10. Conclusion + video on the topic 📹

Today it is quite possible to become the owner of a car even in the absence of funds for its purchase. Enough to get a car loan. When filling out an application for such a loan online it will not take a lot of time and effort.

In conclusion, we recommend watching a video about what you need to get a car loan:

Question to the readers!

Which of the options for buying a car is better - buying a car for cash, getting a car loan or applying for a car lease?

That’s all with us. The team of RichPro.ru magazine wishes you successful acquisitions and profitable car loans!

We are waiting for answers to questions, comments, reviews and comments on the topic of the article. Put your grades and share material on social networks. See you soon!

Watch the video: 5 Best Car Loans For Bad Credit And No Credit Check 2019 (November 2024).