BMW Bank early loan repayment. Early loan repayment. How can I provide the bank with a comprehensive insurance policy?

Good afternoon.

Good afternoon.

On August 12, 2018, I bought a BMW from Avilon AG LLC. I also used borrowed money. The Avilon DC offered a loan program, which was discussed orally. When signing the document, I did not sign any rules or tariffs, as well as applications for joining insurance programs.

From the conditions of my doctor dated August 16, 2018 (Conditions), it is clear that according to clause 17 of the Conditions, in the event of an expression of will to purchase through a loan, such part of the loan is used to pay for the service of joining a collective life insurance contract. I did not sign any statements, the doctor of accession project was not shown to me. Conclusion - life insurance is an imposed service by the employees of the DC and/or the bank on me as a party, which, due to the obvious inequality of bargaining power, is placed in a position that significantly complicates the negotiation of other contents of the individual terms of the contract.

From the credit conditions, I myself find out that unnecessary expenses were included in the loan - life insurance in the amount of 95,091.45 rubles. At the same time, according to clause 10 of the Terms, ensuring the fulfillment of my monetary obligations is conditioned only by the pledge of the vehicle and the CASCO policy.

After a couple of months, on the bank’s website I finally find the General Conditions for Lending to Individuals (hereinafter referred to as the General Conditions), which were not given to me by the DC. According to clause 1.27 of the conditions, it is determined that the application for
joining a collective insurance agreement is the Borrower’s request to the Bank, as the policyholder under the Collective Life Insurance Agreement, for the Bank to provide the Borrower with a paid service to include the Borrower as an insured person in the list of insured persons provided for in the Collective Life Insurance Agreement
insurance. Insurance Application forms are provided in Appendices No. 5 and No. 5.1 to the General Conditions.
Follow the link: only the text of the conditions is posted without application forms.

According to clause 2.2 of the General Conditions, the Bank offers a single type of consumer loan - a loan for the purchase of a vehicle, and also, at the request of the Borrower, for payment of the insurance premium under the Vehicle Insurance Agreement, services for joining the Collective Life Insurance Agreement, insurance premium under the Personal Insurance Agreement .

Thus, it becomes clear that I was misled and imposed on me services that I did not need at the dates of the loan. Additionally, I was not given a copy of the power of attorney for the bank’s authorized representative R-k Daria, who carried out all the signatures under the power of attorney from the bank No. 42C/03-15 dated March 31, 2015, which was issued in general by way of subrogation on the basis of a power of attorney on March 25, 2015 No. 0596. In addition, Daria signed the loan terms on the basis of another power of attorney 72/03-16 dated 03.25.16, which once again indicates that I was misled when applying for the loan.

I am a client of the bank for the 2nd time, and when ordering a service from the bank, I expected that all the conditions would be transparent, the documents would be in order, but in reality it was different. With this claim, I ask for the return of the remaining funds from the amount of 95,091.45 rubles in proportion to the remaining loan term. An answer came from the bank that the bank had fulfilled all its conditions and so on. I am not satisfied with this reply.

I reserve the right to contact the prosecutor’s office, the Federal Antimonopoly Service, the Central Bank, and leave my negative experience on any public resources related exclusively to negative experience, incl. TV, printed and other journalistic articles about banks and do not delete it until the funds are returned, especially to regular customers of this bank.

BMW Bank 11/19/2019 11:06

Dear a*******@gmail.com!

Thank you for your feedback!

Personal insurance as a measure to reduce the risk of non-repayment of the Loan is offered for purchase by Borrowers on a voluntary basis and does not condition the conclusion of the Loan Agreement, except for its conclusion under the terms of the Program with life insurance, in accordance with which the Loan is provided on conditions that are more attractive to the Borrower (in terms of the Interest Rate and/or other conditions) in comparison with the Bank’s current conditions for providing a Loan without the Borrower receiving the service of joining the Collective Life Insurance Agreement or concluding a Personal Insurance Agreement by the Borrower.

In addition, the General Conditions for Lending to Individuals (an integral part of the Loan Agreement) directly provide for the Borrower’s right to refuse the service of joining the Collective Life Insurance Agreement within 14 (fourteen) days from the date of conclusion of the Loan Agreement with the return of part of the payment in proportion to the cost of part of the service, provided before notification of refusal. You did not use this right.

The circumstances presented in your review have been verified by the Bank. A program with life insurance was not applied when concluding your Loan agreement, so insurance was not a condition for receiving a Loan. When concluding the Loan Agreement, you received complete, current and reliable information from the Bank’s attorney about the conditions of personal insurance. In addition, these conditions are comprehensively set out in the Application for joining the collective life insurance agreement signed by you (clause 5.2), as well as in clauses 1.27, 1.53, 2.20, 2.21, 2.22, 2.23, 2.25 and 2.27 of the General Conditions for Lending to Individuals. Forms of the Application for Insurance, Individual Terms of a Consumer Loan Agreement, Consent with the Individual Terms of a Consumer Credit Agreement and other forms or standard forms used by the Bank in working with consumer borrowers are approved as appendices to the General Terms of Lending for Individuals and are available for review on the website Jar. Thus, the potential borrower of the Bank is provided with the opportunity, in a calm environment and within the time required for this, before contacting the Bank, to study the documents accompanying the formalization of relations with the Bank and make an informed decision.

If you have any questions, please contact the Customer Support Service from 9 to 21 Moscow time.

Sincerely,
BMW Bank LLC

BMW Bank LLC represents BMW Financial Services in Russia, which is a financial division of the BMW Group, and has been actively developing since 1991 as an international provider of car lending services. Currently, BMW Financial Services is represented in more than 40 countries around the world (in the form of credit institutions or leasing companies).

BMW Bank LLC began operating in Russia in mid-2008. The rapid growth in sales volumes of BMW Bank LLC is due to the most effective use of the advantages that the status of a captive (owned by an automaker) bank gives, starting with the BMW Group’s desire to be a leader in the premium segment of the Russian automobile market and ending with an operating model that allows a bank with a staff of with 110 people, for the third year in a row, it is among the ten largest Russian banks in terms of the volume of issued car loans.

One of the main principles of work of BMW Bank LLC is an individual approach to each client, a convenient and simple procedure for obtaining a loan.

The activities of BMW Bank LLC are carried out in accordance with the license of the Bank of Russia No. 3482 dated June 10, 2013.

Basic lending conditions

VEHICLE / subject of lending

• We lend BMW and MINI cars/motorcycles. The age of the car at the time of loan repayment cannot exceed 10 years from the date of first registration

• Minimum loan amount: 200,000 rubles / 4,500 US dollars / 3,000 euros. (135,000 rubles for motorcycles)
• Maximum loan amount: 5,250,000 rubles / 225,000 US dollars / 150,000 euros. (RUB 1,500,000 for motorcycles)

• from 12 to 60 months (inclusive)

• from 15% (when purchasing a CASCO policy under the BMW Insurance program from 10%). Down payment for BMW 6, 7, M, Z series and X6 from 25% (20% when purchasing a CASCO policy under the BMW Insurance program)

• There is no moratorium on early repayment

COMMISSION FOR ISSUING A LOAN

• There is no fee for issuing a loan

INSURANCE (CASCO) – MANDATORY

• The insurance company must be approved by BMW Bank LLC. At the request of the borrower, the loan amount can include the cost of additional equipment installed on the car, car accessories, and a Casco policy.

DOCUMENTS ARE MANDATORY TO PROVIDE TO THE BANK:

• Loan application completed by the borrower
• Copies of the borrower's passport (all pages)
• 2nd document to choose from: copy of driver's license, copy of international passport, copy of military ID
• Copy of income certificate (declared, confirmed, official)
• Copy of TC (if applicable)

REQUIREMENTS FOR BORROWERS AND GUARANTORS:

Lending is possible only with a guarantor if:

• the borrower's age is from 18 to 22 years;
• reaching retirement age (55 years for women and 60 years for men) before the end of the loan term;
• a male borrower between the ages of 22 and 27 and no military ID provided;
• work experience for hired employees is less than 4 months, for individual entrepreneurs / business owners - less than 12 months (with a full package of documents).

IT IS POSSIBLE TO CONSIDER THE APPLICATION ACCORDING TO A FULL AND SIMPLIFIED PACKAGE OF DOCUMENTS:

CONSIDERATION ACCORDING TO THE STANDARD PACKAGE OF DOCUMENTS (official or confirmed income):

• Application – Questionnaire for a loan (according to the form “BMW Bank” LLC);
• Copy of passport (all pages);
• A copy of the second document (your choice, one of the following: driver’s license, foreign passport or military ID).

FOR HARRIED EMPLOYEES:

• A copy of the work book, certified and sealed by the employer, or a letter confirming work in an international organization or the Embassy of a foreign state (in Russian or a notarized translation) or a copy of the Employment Agreement/Contract; or a certificate of experience for military personnel and equivalent categories (Ministry of Internal Affairs, FSB, etc.);
• Original 2-NDFL certificate (at least for the last 4 months) or a certificate of income and employment on the organization’s letterhead (or on the Bank’s form), certified by the employer or an extract from the current bank account (at least for the last 4 months).

FOR BORROWERS – BUSINESS OWNERS WHO ARE FOUNDERS (SHAREHOLDERS, OWNERS, CO-OWNERS) OF A LEGAL ENTITY

• Extract from the Unified State Register of Legal Entities.

• Copy of TIN certificate;
• A copy of the certificate of state registration of the legal entity. faces;
• Copies of the charter and constituent agreement;
• Original certificate 2-NDFL (at least for the last 4 months).

• Certificate of income and employment on the organization’s letterhead (or on the Bank’s form);
• Copies of orders on the appointment of the general director and chief accountant (only if the founder combines the positions of both the general director and chief accountant)

FOR BORROWERS - INDIVIDUAL ENTREPRENEURS:

• Extract from the Unified State Register of Individual Entrepreneurs.

• Copy of TIN certificate;
• A copy of the registration certificate of an individual entrepreneur;
• Statement from the individual entrepreneur's current account / current bank account (at least for the last 4 months).

• A copy of the current tax return for the last reporting period (3-NDFL or using the simplified taxation system).

FOR LAWYERS:
Lawyer's office:

• Lawyer's certificate;
• Certificate from the Bar Association confirming private practice.

Bar Association or Law Office:

• Lawyer's certificate;
• Certificate of admission to the Bar or Labor Code with a record of employment.

FOR NOTARIES:
For notaries employed in state notary offices:

• TC with employment record.

For private practicing notaries:

• License to carry out notarial activities;
• Certificate or certificate of membership in the notary chamber.

CONSIDERATION ON TWO DOCUMENTS (declared income):

BMW Bank early loan repayment

Before issuing a loan, the bank checks each borrower through a request to the BKI and its own security service. All that is included in the check is your credit reputation, which cannot be damaged due to the return of insurance.

What is a credit history?

— title part (identification data);

— main part (information about the loan agreement (number, amount, interest, repayment schedule, etc.);

— information part (notes about the borrower’s requests for loans and cases of late payments);

— additional part (information available only to the borrower).

The credit history does not contain items on additional insurance (Federal Law No. 218-FZ dated December 30, 2004), whether you had insurance or the loan was issued without it.

Information that the client returned his money for insurance through the court is not transmitted to the credit history bureau, is not recorded by the bank’s security service, that is, the client’s reputation in the credit history depends only on the solvency of the borrower (how the borrower paid and is now paying for his loans ).

By law, you can look into your credit history once a year and verify what is written above.

According to our legislation, the clause with the content: “In case of refusal of life and health insurance, the borrower is obliged to repay the loan ahead of schedule” is not and cannot be in the loan agreement.

More details can be found here (click and go to the article).

The list of situations in which a bank may require early repayment of a loan is specified in the loan agreement and the Civil Code of the Russian Federation, the main reason being debt under the loan agreement.

At the same time, the requirement for full early repayment of loan debt is a drastic measure; as a rule, banks raise this requirement in court.

— loan agreement or individual loan terms;

— insurance documents (policy / contract / program / insurance conditions);

You may also need:

— documents on other additional services issued by the bank;

— statement from the credit account for the first month (if there are no insurance documents);

— certificate of loan repayment (if the loan was repaid ahead of schedule).

At the same time, if you only have a loan agreement, we can also help you: perhaps the loan agreement contains all the insurance information and the missing documents can be requested from the bank; we will provide you with a sample application.

BMW Bank: detailed information

Car loans are one of the popular banking products, because not everyone can buy a vehicle using their own funds, and in order to realize the dream of a comfortable car, you have to turn to the services of credit and financial institutions. One of the banks specializing in car loans is BMW Bank, the official website is located at http://www.bmwbank.ru. Let's consider the most detailed information about the bank and the terms of cooperation with it.

About the bank

BMW Bank is a Russian commercial bank specializing in issuing car loans. The bank belongs to the largest foreign company BMW Financial Services. The bank was registered in Russia in 2008. It has been known in the world since 1991, its main specialization is providing bank car loans for the purchase of a BMW car.

You can apply for a car loan at BMW Bank only in the showroom of an official dealer; the addresses are presented on the bank’s official website. Bank representative offices are located in many large cities, including Moscow, Nizhny Novgorod, Kaliningrad, Krasnoyarsk, Irkutsk, Rostov-on-Don, Volgograd, Voronezh, Kursk, Tula, Tver.

Please note, despite the fact that the bank belongs to a foreign financial company, its activities fully comply with the norms of Russian legislation, it operates on the basis of a license issued by the Central Bank of the Russian Federation.

BMW Bank details:

• legal address 125212, Moscow, Leningradskoye Shosse, building 39 A, building 1;
• BIC 044525770;
• TIN 5047093433;
• OKATO 45277565000;
• OKTMO 45336000;
• correspondent account for transactions in domestic currency 30101810145250000770.

Requirements for borrowers

If you want to get a BMW bank loan, then you need to contact an official dealer directly, You can easily find their addresses on the official website in the “Dealer Network” section. Targeted loans are provided for the purchase of BMW cars and motorcycles, and cars of other foreign brands. In addition, a potential buyer has the opportunity to buy both a new car and a used car.

The lending service is provided directly by BMW Bank. Therefore, a potential borrower needs to thoroughly prepare for the upcoming purchase. The bank has a number of requirements for potential borrowers:

• age from 18 years;
• registration on the territory of the Russian Federation or temporary registration in the region where the car was purchased, provided that the term of the car loan will not exceed the period of temporary registration;
• availability of a permanent source of income that can be documented;
• positive credit history and no open overdue debt to commercial banks.

In fact, the issue of car loans in BMW banks is strictly individual, that is, here you can apply for a loan according to a simplified scheme without providing a salary certificate or with a full package of documents, the parameters of the future loan will depend on this. To confirm income, the bank accepts two main documents: a certificate in the second form for individuals, a certificate in form 3-NDFL for individual entrepreneurs, and a certificate in the bank’s form.

The package of documents will depend on the size of the down payment; if a potential borrower is ready to pay half the cost of the future car at his own expense, then he can apply for a loan according to a simplified scheme without providing salary certificates; the income in the application form will be indicated according to the potential client.

In some cases, the borrower may require a solvent guarantor, for example, if the lender has doubts about the client’s solvency and financial solvency. The guarantor has a number of mandatory requirements; by the way, for them, a salary certificate in the second form is a mandatory document.

Please note that BMW Bank, like any other commercial bank, will check each borrower according to different parameters, and is not obliged to explain the reason for refusing to issue a loan.

Credit programs

The bank offers several standard lending programs:

1. “Select” program, terms and conditions, the interest rate on the loan ranges from 15.5 to 17.5% percent per year. The peculiarity of the program is that at the end of the loan period on the date of the last payment, the client must pay the balance as a percentage of the cost of the car; it ranges from 20 to 50% depending on the loan term and the make of the car.
2. “Standard” program loan term from 1 to 5 years, interest rate from 15.5% to 17.5%, down payment from 40%. The program operates both with and without a residual payment.
3. The “Protection” program is designed for the purchase of new cars, the interest rate is 11.5% to 13.5%, the down payment is from 40% of the cost, the program is valid both with and without a residual payment.
4. “Individual” program down payment from 15% interest rate 15.5% per year minimum loan amount 7,000,000 rubles maximum limited only by the cost of the car chosen by the client.
5. MOTORRAD SELECT is a program for the purchase of BMW motorcycles with an interest rate of 15.5% to 17.5% down payment of 15% for up to five years.

In fact, this is an incomplete list of offers from BMW Bank; there are many loan programs; they all differ in lending conditions and interest rates, and certain conditions apply to certain groups of cars. Minimum interest rate on a car loan from 7% per year. Almost all programs have a residual payment system. It is worth paying special attention to it, because at the end of the loan agreement, the client must pay part of the cost of the car at his own expense or use the Trade-In program or return the car to the dealer under a car purchase agreement.

Please note that CASCO car insurance is the main condition for the borrower. There are programs under which this type of insurance is not applicable, but the cost of the loan increases significantly up to 20% per year.

Other bank services

In addition to car loans, the bank offers leasing services. That is, the client can rent a car for up to five years under the leasing program. The terms of service are strictly individual, but they all have similar parameters:

• contract term - up to 5 years;
• down payment - from 20 to 49% of the cost of the car;
• Commission for registration of the contract - up to 1%.

The peculiarity of leasing is that the borrower is required to provide a minimum package of documents. The application procedure has been significantly simplified; the average processing time for applications is up to one business day. Upon expiration of the leasing agreement, the lessee has the opportunity to purchase the car.

As for the insurance contract, the bank does not provide protection services, but accepts insurance contracts only from accredited companies. These include Renaissance Insurance, Ingosstrakh, AlfaStrakhovanie and others. You can apply for a CASCO policy when purchasing a car from an official dealer.

Loan payment terms

First of all, if you have become a credit client, then the BMW Bank personal account will help you control your credit obligations. All clients who have signed a loan agreement have access to the online service system. Why does a credit client need it:

• you will always be aware of the terms of your loan agreement;
• you can view the payment schedule at any time of the day;
• you can view any data from your loan agreement, for example, details for sending a payment.

But this is not the most important thing, because with the help of your personal account you can have a connection with the bank. For example, if you need to write an application for early repayment of a loan or in the event of an insured event, or for other issues, you can do this through your personal account.

Another advantage for clients at BMW Bank is that it can change the essential terms of the loan agreement during the loan term. All clients who do not have overdue debts to the bank can use the service. How can the terms of the contract be changed? For example, provide a grace period, change the terms of the contract, convert payments from foreign currency to domestic currency or vice versa. You can write an application through your personal account in the system on the bank’s official website. But at the same time, you need to prepare some documents, namely a salary certificate, an insurance contract, a copy of the vehicle’s passport.

The last pressing issue for loan payers is early repayment of a BMW Bank loan. After all, Russian legislation does not prohibit paying bank loans earlier than the deadline established by the contract, and the bank does not have the right to limit the desire of borrowers and charge an additional fee for this. BMW Bank is no exception and also provides the opportunity to pay off the loan ahead of schedule without a commission.

To repay the loan partially or fully, you must notify the bank of your intention no later than 3 days before the payment date using an application in your personal account. On the appointed date, which must be a working day, you need to top up your credit account with the amount of the early repayment no later than 13:00 Moscow time. If the debit is successful, the bank will notify the client via SMS, and the new payment schedule will be waiting for the client in his personal account.

Loan payment methods

First of all, the bank has partnerships with two commercial banks in Russia: Rosbank and Raiffeisenbank. In order to make a payment through a third-party financial institution, the payer is required to find out the amount and date of payment, according to the established schedule, and then open an account number with the bank to repay the debt on the BMW Bank loan. Further, you can make payment in cash or by bank card of Raiffeisenbank or Rosbank, depending on which bank you opened an account with, as well as by bank transfer.

Loan payment online

Another way to pay for a loan is to use the services of any financial institution in our country, but be prepared that you will be charged a fee for transferring funds; its amount depends on the tariffs of the bank providing the service. To make the transfer, you will need bank details; you can find them on the official website or look them up in your loan agreement. The individual credit account number can be viewed in your personal account or in the loan agreement.

The last option that you can use is to pay the BMW Bank loan online; for this you must go to the official website in the “Pay payment online” section. You must proceed according to the following instructions: in the specially designated field, enter the number of the loan agreement. After this, information on your loan will automatically appear on the page, namely your last name, first name, patronymic and amount to be paid. You need to select the type of card, enter its details and click the “Continue” button. After this, an online receipt will appear in front of you indicating your data and the data of your loan agreement. All you have to do is confirm the transaction and the funds will be debited from your bank card.

Please note that there is a fee for this transaction and it will be added to your monthly payment amount.

Thus, BMW Bank is a bank that specializes exclusively in issuing car loans. By the way, it is one of the ten leading banks in issuing car loans in Russia. In the ranking of Russian banks, it ranks 134th in terms of financial indicators, and the total amount of loans issued is 22.659 billion rubles.

Early loan repayment

Early repayment is carried out upon your written application.
The application must be completed at an authorized BMW and/or MINI dealership.
The application must be submitted at least 3 (three) business days before the proposed date of early repayment of the Loan. The early repayment date can only be a business day.
Funds for early repayment must be deposited into your current account opened for loan repayment with a partner Bank.
Application template

• Early repayment of the Loan is carried out upon your written application (according to the form approved by BMW Bank LLC), which you can fill out and submit to the Bank through the official BMW and/or MINI dealership.
• The application must be submitted at least 3 (three) business days before your proposed date for early repayment of the Loan.
• Funds for early repayment of the Loan must be deposited into your current account opened with the Partner Bank no later than 13:00 (Moscow time) of the date of early repayment of the Loan proposed by you.
• The date of early repayment of the Loan can only be a working day in the Russian Federation.
• If on the date of early repayment you propose, the balance of funds in your current account with the Partner Bank is insufficient to carry out early repayment in the amount specified in your application, the funds will not be written off.
• On the next business day after your proposed date for early repayment of the Loan, you will be sent an SMS message with information about successful or failed early repayment.

The article was written based on materials from the sites: pf-pk.ru, meshok-creditov.ru, www.bmw-avangard.ru.

Early repayment is carried out upon your written application.
The application must be completed at an authorized BMW and/or MINI dealership.
The application must be submitted at least 3 (three) business days before the proposed date of early repayment of the Loan. The early repayment date can only be a business day.
Funds for early repayment must be deposited into your current account opened for loan repayment with a partner Bank.

• Early repayment of the Loan is carried out upon your written application (according to the form approved by BMW Bank LLC), which you can fill out and submit to the Bank through the official BMW and/or MINI dealership.
• The application must be submitted at least 3 (three) business days before your proposed date for early repayment of the Loan.
• Funds for early repayment of the Loan must be deposited into your current account opened with the Partner Bank no later than 13:00 (Moscow time) of the date of early repayment of the Loan proposed by you.
• The date of early repayment of the Loan can only be a working day in the Russian Federation.
• If on the date of early repayment you propose, the balance of funds in your current account with the Partner Bank is insufficient to carry out early repayment in the amount specified in your application, the funds will not be written off.
• On the next business day after your proposed date for early repayment of the Loan, you will be sent an SMS message with information about successful or failed early repayment.

Features of partial early repayment

• In case of partial early repayment of the Loan, you can specify any repayment amount. The early repayment amount you specified, in addition to the amount to repay the principal debt, includes interest for using the Loan.
• The partial early repayment amount does not include the Monthly Payment under the Payment Schedule and does not cancel the Monthly Payment under the Payment Schedule.
• Recalculation of the Payment Schedule under the Loan Agreement without a Remaining Payment will be made according to the method specified by you in the application for early repayment.
• The payment schedule can be calculated in one of the following ways:
  a) The amount of the Monthly payment does not change (i.e. remains the same, as determined in the current Payment Schedule under the Loan Agreement), but the date of the last Monthly payment under the Payment Schedule changes,
  b) The date of the last Monthly payment under the Payment Schedule does not change (remains the same, as determined in the current Payment Schedule under the Loan Agreement), but the amount of the Monthly payment is reduced.
  If you did not indicate in the application the method of recalculating the Payment Schedule, then the recalculation of the Payment Schedule will be carried out using method b), i.e. with a decrease in the amount of the Monthly payment, and the date of the last Monthly payment according to the Payment Schedule does not change.
• Recalculation of the Payment Schedule under a Loan Agreement with a Remaining Payment can only be recalculated with a decrease in the amount of the Monthly Payment, while the date of the last Monthly payment under the Payment Schedule does not change.
• The recalculation of the new Payment Schedule is carried out with a decrease in the amount of the Remaining Payment in that percentage of the total amount of the outstanding balance of the Principal Debt under the Loan Agreement, as this percentage was determined under the terms of lending on the date of conclusion of the Loan Agreement.
• After the date you propose for early repayment of the Loan, a copy of the current Repayment Schedule will be sent to you at the correspondence address specified when concluding the Loan Agreement.

Features of full early repayment

• In case of full early repayment, you need to contact BMW Bank LLC in the customer service department at phone number 8-800-7000-269 to clarify the amount required for full early repayment, which you indicate in the application.
• The amount of full early repayment consists of the entire outstanding balance of the Principal Debt and interest for the actual use of the Loan.
• Before the date of full early repayment, Monthly payments must be made in accordance with the Payment Schedule.
  Please note that every day the amount for full early repayment changes due to changes in the amount of interest for the actual use of the Loan.

Loan repayment methods

Repayment of a loan issued in rubles Find out more

Loan repayment through an account with JSC Raiffeisenbank,

1. Know the 20-digit account number at Raiffeisenbank JSC, opened to repay debt on a BMW Bank loan, or the number of a bank card, if one is issued for the account.
2. Top up your account with Raiffeisenbank JSC, opened to repay debt on a BMW Bank loan, before the monthly payment date with the partner Bank in any way convenient for you:

Cash Find out more

Cash desk at a branch of JSC Raiffeisenbank

You can apply with a passport of a citizen of the Russian Federation to a branch of Raiffeisenbank JSC that is convenient for you.

No commission

QIWI payment terminals

Commission on tariffs of the QIWI system

Payment system "Golden Crown"

Commission on tariffs of the Zolotaya Korona system

The term for crediting funds to the account at Raiffeisenbank JSC is three working days

Using a card opened for an account with Raiffeisenbank JSC to repay a BMW Bank loan Find out more

If you do not have a Raiffeisenbank JSC card to repay a loan from BMW Bank, then you can get one at Raiffeisenbank JSC branches without commission Get the benefits

ATMs of JSC Raiffeisenbank

No commission

Deadlines for depositing funds - no less than one business day before the monthly payment date

Terminals of the Moscow Credit Bank

No commission

Deadlines for depositing funds - no less than one business day before the monthly payment date

ATMs of JSC Gazprombank

No commission

Deadlines for depositing funds - no less than one business day before the monthly payment date

Transferring funds from a third-party bank card

You can transfer funds from your bank card to the card of JSC Raiffeisenbank. Check with the third-party bank that issued your card about this possibility.

From an account opened with JSC Raiffeisenbank

By transfer from any of your other accounts at Raiffeisenbank JSC via R-Connect or R-Mobile (Mobile application)

No commission

Deadlines - no less than two business days before the monthly payment date

Transfer of funds from your personal account in another bank to an account in JSC Raiffeisenbank.

Commission according to the tariffs of your bank.

The transfer order must indicate:

Purpose of payment: Transfer of own funds. No tax (VAT).

You can also find information about the terms of service and account replenishment on the website of JSC Raiffeisenbank

Loan repayment through an account with PJSC ROSBANK,
open for repayment of debt on a BMW Bank loan Find out more

To repay the loan you must:

1. Know the 20-digit account number in Rosbank opened to repay a BMW Bank loan.
2. Top up your account before the monthly payment date at the Partner Bank in any way convenient for you:

Using a card opened for an account with Rosbank PJSC to repay a BMW Bank loan Find out more

ATMs of PJSC Rosbank

No commission

Deadlines for depositing funds - no less than one business day before the monthly payment date

You can deposit cash into a current account opened with Rosbank PJSC to repay a BMW Bank loan through ATMs of Rosbank and partner banks equipped with a cash acceptance function.

By bank transfer Find out more

From an account opened with PJSC Rosbank

From an account opened in another bank

Transfer of funds from your personal account in another bank to an account in Rosbank. Find out more

Commission according to the tariffs of your bank.

Deadlines - no less than three working days before the monthly payment date

The transfer order must indicate:

Purpose of payment: Transfer of own funds. No tax (VAT).

You can also find information about payment on the website of PJSC Rosbank

Transfer of funds from your personal account from any bank to the account of BMW BANK LLC Find out more

Commission according to the tariffs of your bank.

Deadlines - no less than three working days before the monthly payment date

To repay the loan you must:

1. Know the date and amount of the monthly loan payment according to the Payment Schedule
2. Know the number of the Loan agreement
3. Contact the bank where your personal account is opened three business days before the monthly payment date

Purpose of payment: Transfer of funds to repay the loan under loan agreement No. ___ Full name___________ (in full) of the borrower. No tax (VAT). Sample payment order

Free repayment channels in populated areas,

where there are no branches of PJSC Rosbank Find out more

Irkutsk region

Republic of Tatarstan

Republic of Kalmykia

Kaluga region

Krasnodar region

Krasnoyarsk region

Nizhny Novgorod Region

The Republic of Sakha (Yakutia)

Samara Region

Sakhalin region

Tyumen region

Khabarovsk region

Yaroslavl region

Transfer of funds from your personal account in foreign currency from any bank to an account in ROSBANK Find out more

Commission according to the tariffs of your bank.

To repay the loan you must:

1. Know the date and amount of the monthly loan payment according to the Payment Schedule
2. Contact the bank where your personal account is opened at least five working days before the monthly payment date
3. Fill out the transfer form and be sure to indicate:

Loan repayment through a trusted person

If you want to repay a loan in foreign currency through a proxy (third party), you need to issue a power of attorney to deposit funds into an account in foreign currency.

To do this, you and your authorized representative need to contact a branch of PJSC ROSBANK with passports of citizens of the Russian Federation. Registration of a power of attorney for loan repayment through a Trustee occurs once for a period of up to 3 years.

Transfer of funds from your personal account in foreign currency from any bank to the BMW Bank account Find out more

Commission according to the tariffs of your bank.

Deadlines - no less than five working days before the monthly payment date

To repay the loan you must:

1. Know the date and amount of the monthly loan payment according to the Payment Schedule.
2. Contact the bank where your personal account is opened at least five business days before the monthly payment date.
3. Fill out the transfer form and be sure to indicate:

For loans issued in US dollars

For loans issued in Euro