How to get a car loan for a used car in 2025

Taking out a car loan for a used car in 2025 is a popular way to buy a used car. As of 10:56am on 12 June 2025, banks in Russia offer flexible terms for such deals. In this article, GetCar.ru and I have prepared a step-by-step guide to taking out a loan for a used car, including the necessary documents and tips for a successful process.

Preparing for formalisation

Car choice

Choosing a car is the first step. For example, identify the model and make sure it is not more than 15-20 years old, as many banks require. Also, check the condition through Autocode or an independent examination. Also, make sure the car is not pledged or wanted. This is important when applying for a loan for a used car.

Examining the bank's terms and conditions

The conditions vary. For example, some banks, such as T-Bank, offer loans of up to RUB 8 million with no down payment. Also, the rate can be from 8% to 20% per annum depending on your credit history. In addition, clarify the need for KASKO insurance. This affects the execution of a car loan for a car with mileage.

Documents required

Personal documents

A passport is mandatory. For example, you need an original passport of a Russian citizen and a second document, such as a driving licence. Also, some banks ask for a 2-NDFL certificate to confirm income. In addition, the age of the borrower is usually from 21 to 65 years old. This is the standard for taking a loan for a boo car.

Car documents

Documents for the car are required. For example, a sale and purchase agreement or an extract from the PTS if the car has already been bought. Also prepare a registration certificate or a copy of the PTS. In addition, an independent valuation may be needed for a private party transaction. This is part of the loan application for a used car.

Clearance process

Preparation and submission of the application

You can apply online. For example, fill in the form on the bank's website, specifying your details and the desired amount. Also, some banks, such as VTB, issue a decision in 3 minutes. In addition, be ready for a call from a manager to clarify the details. This simplifies the execution of a car loan for a car with mileage.

Evaluation and signing of the contract

A car valuation is mandatory. For example, the bank may send its expert to check the condition of the car. Also, after approval, sign the loan agreement and the pledge agreement. Also, check the payment schedule before signing. This is an important step for taking a loan for a boo car.

After processing

Car registration

Registration with the traffic police is required. For example, register the car within 10 days of purchase. Also provide a copy of the STS to the bank, if required. In addition, keep all documents for reporting. This completes the loan for a used car.

Loan repayment

Payments are made on time. For example, use online banking for monthly transfers. Also keep track of the schedule to avoid penalties. In addition, clarify the possibility of early repayment without penalties. This helps with a car loan for a used car.

Tips and advice

Comparison of sentences

Compare banks. For example, study the terms and conditions of T-Bank, VTB and Gazprombank via online calculators. Also pay attention to hidden fees. In addition, choose a programme with minimal insurance requirements. This makes it easier to apply for a car loan for a car with mileage.

Consultation with an expert

An expert can help you avoid mistakes. For example, contact a car dealership or an independent consultant. Also, check the nuances of collateral and insurance. In addition, check the reputation of the bank before the transaction. It is useful for taking a loan for a boo car.

Conclusion: a confident choice

Taking out a car loan for a used car in 2025 requires preparing documents and choosing the right bank. With GetCar.ru, you will get step-by-step support in the process. Compare offers, check the car and follow the recommendations to enjoy your new car without any hassle!