LOCKO-Bank’s auto loans portfolio was RUB10.3 bn. in 2013, up 31% compared to 2012. The Bank took the 14th line according to Banki.ru auto loan volume ranking in 2013. Auto loan volume was higher RUB 6.3 bn. The Bank provided more than 9,000 auto loans in 2013. The average amount of the loan was RUB 700,000.
LOCKO-Bank’s auto loans allow buying a new car or used car of any brand with price up to RUB 3 mln. It is possible to get a loan without initial payments or without income and employment confirmation. The maximum loan term is five years. For more details visit "Auto Loans" page.
The rating is based on loan portfolio analysis of the largest retail banks. 45 banks that have total auto loan portfolio of RUB 776.7 bn. as of 1 January 2014 provided their data for the research.
Irina Grigorieva, Director of Retail Business Department:
“Auto lending continues to be one of the drivers of LOCKO-Bank’s retail business growth. Auto loans exceeded 54% of retail portfolio in 2013. Flexible lending terms allow creating auto loan offers, changing parameters depending on each client’s needs”.