OREANDA-NEWS. October 25, 2011. Sviaz-Bank has launched a new program of loans made for the purchase of commercial vehicles.

The Bank’s customers can now sign on its new Commercial Vehicle Program to take out a loan for the purchase of a foreign- or Russian-made vehicle serving any purpose they want it for. Under another program, Light Commercial Vehicle, they only have to produce a passport and driver’s license, the smallest document package possible, to purchase a vehicle on credit.

Borrowers have to make a down payment of no less than 15% of the vehicle price. Loans are issued for a term of up to five years at an interest rate from 13.5% up per annum in rubles.

A commercial vehicle can be purchased on credit from any official auto dealer of the customer’s choice in any Russian region. An application for a loan can be filed with any Bank office.

The full details of the new Vehicle Loan Program are available in the Vehicle Loan section.