Cetelem (“BNP Paribas” ZAO) is included into the State car finance concessionary program.
«Participation of the bank in the car finance concessionary program brings serious benefits to out clients which from now on can apply for car loan with a subsidized interest rate, on much more favorable conditions. We will actively develop our participation in the program and we are sure that this new offer will be of great demand from the part of our clients», - said Philippe Delpal, President of “BNP Paribas Vostok” Bank, CEO of Cetelem in Russia.
Cetelem clients enjoy some major advantages of the car finance programs: simple dossier and fast loan decision taking (up to 1 hour) and they have no need to visit a banking branch as credits are granted directly in car dealerships of the Bank’s partners. Moreover clients can apply for a loan on-line at web site of the bank.
Under the state car finance program clients can benefit from special loan conditions: the interest rate has to be compensated by 2/3 of the refinancing rate which from the 25
th November is 9%.
The program extends to the purchase of cars produced on the territory of the Russian Federation (the list of cars is affirmed by the Ministry for Production and Trade of the Russian Federation). Maximum vehicle cost should not exceed 600,000 RUR and loan duration is set up to 36 months.
About Cetelem and BNP Paribas Personal Finance
BNP Paribas Personal Finance (www.bnpparibas-pf.com), operating under Cetelem brand is #1 in France and Europe in personal loans: car loans, points-of-sale loans, consumer loans, credit cards, mortgage etc.
With 29 000 employees in 30 countries on 4 continents and over €112 billion in outstanding loans as of the end 2008, BNP Paribas Personal Finance is Europe’s leading multi-specialist with the ability to offer a comprehensive range of personal loans. It is also a reference in the field of responsible lending.
About Cetelem in Russia
Cetelem (www.cetelem.ru) offers a whole range point-of-sale credit products tailored both to retailers, car dealers and their customers. The company is presented in 21 regions in Russia, where it operates since 2007 as a structural unit of “BNP PARIBAS” ZAO.
