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Russia’s Raiffeisenbank offers a new car loan arrangement service

The official Raiffeisenbank website has a new service that enables customers to arrange a loan online. With this service, Raiffeisenbank customers can quickly choose almost any make and specification of car online, as well as calculate its cost, the loan rate, and the initial and monthly payment.

After the application is sent, a specialist from the bank will contact the customer. He can answer any of the client’s questions, and arrange a meeting at the dealership, where the client can see the car and submit the documents for the car loan.

«The car loan market has great potential for growth, and it is very important to provide our customers with the ability to select a car and arrange a loan quickly and conveniently — including through online services. According to our estimates, about 20% of people living in larges cities are considering buying a car within a year,» said Natalia Morozova, head of the Car Lending Development Division at Raiffeisenbank.

More information about the terms and conditions of the Raiffeisenbank car loans can be found here.

Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank is ranked 11th in terms of assets based on the results from the 3rd quarter of 2012 (Interfax-CEA). According to Interfax-CEA, Raiffeisenbank is in 5th place in Russia in terms of retail deposits and 10th place in terms of retail loans based on the results from the third quarter of 2012.

Raiffeisen Bank International AG is a leading corporate and investment bank in the financial markets of Austria and in Central and Eastern Europe. In Central and Eastern Europe, Raiffeisen Bank International operates an extensive network of subsidiary banks, leasing companies and a range of other specialized financial service providers in 17 markets. Raiffeisen Bank International is the only Austrian bank with a presence in the world’s financial centres and in the Asian market, which is its next area of ​​focus. Around 61 000 employees service about 14.1 million customers in 3 100 offices, most of which are located in Central and Eastern Europe. Raiffeisen Bank International is a fully consolidated subsidiary of Raiffeisen Zentralbank Цesterreich AG (RZB), which owns about 78.5% of the ordinary shares listed on the Vienna Stock Exchange, with the remainder being in free float. RZB is the central institution of the Austrian Raiffeisen Banking Group, which is the largest banking group in the country, serving as the head office of the entire RZB Group, including Raiffeisen Bank International.


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