MOSCOW, April 18 /PRRussia/ — On April 17, 2006, the International Moscow Bank (IMB) and the Avtoframos Company (an official Renault representative in Russia), jointly with RCI Banque (the official Renault-Nissan alliance bank), launched a special Renault Credit program.
The program will be on offer in Moscow, St. Petersburg, Rostov-on-Don, Krasnodar, Chelyabinsk, Perm and Voronezh and cover every Renault car model, offering favourable credit rates, fast consideration of applications, flexible terms and a minimum of requirements. The basic program offers a minimum annual interest rate of 7.9% in US dollars or euros for a period of up to three years or 8.8% in roubles for twelve months. The downpayment may stay within 10% of the car price. If a credit is drawn for up to five years, an 8.4% annual interest rate is to be paid in US dollars or euros or a 10.9% annual interest rate in roubles. Credits of up to 2.8 million roubles ($100,000/E100,000) can be drawn.
Under the Renault Credit program, cars can also be purchased without any downpayment. In this case a 10.5% interest rate in dollars/euros or 13% interest rate in roubles will be applicable. The credit can then be drawn for no longer than three years and be restricted to 1.1m roubles ($40,000/E40,000).
Credits can be repaid ahead of time, irrespective of the type of the credit program. The decision on the credit issue will be made within 24 hours.
Source: IMB press service
