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The Ministry of Industry and Commerce resumed the preferential car loan program

March 31, 2023

Medical workers, teachers and military personnel participating in a special military operation and their families will be able to purchase a new domestically produced car under the loan program on favorable terms. The Ministry of Industry and Commerce announced the extension of car loans on preferential terms.
As explained in the press service of the department, at a reduced rate it will be possible to purchase products of the domestic automotive industry, cars, the cost of which does not exceed 2 million rubles.
The program provides a discount on the down payment on the loan: 20% of the cost of the car in all regions, except for the Far Eastern Federal District, where the discount will be 25%. The same amount of benefits, but not more than 625,000 rubles, is set for electric cars in all regions of the country.
Earlier, the Ministry of Industry and Trade noted the success of this program, which allowed to intensify sales of domestic cars. From January to October 2022, thousands of Russians took advantage of the benefits: these are 34,100 cars, and the amount of benefits granted is about 7 billion rubles. The Ministry of Industry and Trade has taken over the preferential car loan scheme which

Russia Desk

Russia Desk

The Russia Desk leads The Eastern Herald's coverage of Russia, the war in Ukraine, NATO's eastern flank, and the post-Soviet space. The desk has reported continuously on the Russia-Ukraine conflict since its full-scale expansion in February 2022 and verifies through Kremlin statements, NATO briefings.

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