UKRAINIAN INDEX
OF EFFECTIVE INTEREST RATES
ON CONSUMER LOANS FOR INDIVIDUALS
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CreditMarket Index: a mean effective rate on mortgage is stable at 24.00%

CreditMarket Mortgage Index has stopped at 24.00% (an effective rate on mortgage for real estate purchase per annum, in UAH). The information is as of 06 June 2012.

Denis Rakovsky, Sales Director at KreditMarket: “CreditMarket Mortgage Index has stabilized at 24.00%.

For the recent two weeks since the previous calculation no bank from our CreditMarket Mortgage Index list has changed the mortgage loan terms.

In the short and middle term, as before, we do not predict significant changes of the mortgage index against the current value because there are no market prerequisites for this. The government announced a launch of the mortgage program. However, as it was assumed, it hardly affected conditions of the standard mortgage programs of commercial banks.

 

We’d like to draw your attention to changed terms of location of obligatory reserves by commercial banks approved by the National Bank of Ukraine which came into force on the last day of May. In view of this, it may cause an insignificant decrease of rates for some credit types, but not earlier than in the middle-end of June.

 

Recall that CreditMarket Mortgage Index tends to decrease gradually within the recent three months. The CreditMarket Mortgage Index peak (24.35%) has been recorded twice for the calculation period — 07.12.2011 and 14.03.2012.”

Information

CreditMarket Mortgage Index is calculated on the basis of loans granted at 70% of a purchase price of secondary market apartments for the term of 10 years. Promotional offers and credit on forfeited pledge excluded. The redemption scheme is annuity, or in case of no proposals – a serial loan. Currency – UAH. Principal is up to UAH400, 000 (the cost of an apartment – UAH571,500).

Index Values History

DateValue 
14.02.2014 23.10%
29.01.2014 23.10%
14.11.2013 23.10%
01.10.2013 23.14%
15.09.2013 23.24%
28.08.2013 23.24%
31.07.2013 23.96%
12.07.2013 24.04%
27.06.2013 25.30%
12.06.2013 25.30%
29.05.2013 25.64%
15.05.2013 25.64%
24.04.2013 25.64%
10.04.2013 25.64%
26.03.2013 27.34%
12.03.2013 27.43%
26.02.2013 28.48%
13.02.2013 27.94%
30.01.2013 27.94%
20.12.2012 28.64%
06.12.2012 28.64%
21.11.2012 28.13%
07.11.2012 28.13%
25.10.2012 27.12%
11.10.2012 26.76%
27.09.2012 26.39%
12.09.2012 25.79%
29.08.2012 25.35%
15.08.2012 24.22%
01.08.2012 24.05%
18.07.2012 23.86%
04.07.2012 24.09%
20.06.2012 23.83%
06.06.2012 24.00%
23.05.2012 24.00%
10.05.2012 24.12%
25.04.2012 24.12%
18.04.2012 24.14%
11.04.2012 24.13%
28.03.2012 24.13%
14.03.2012 24.35%
29.02.2012 24.34%
15.02.2012 24.29%
18.01.2012 25.14%
04.01.2012 24.44%
21.12.2011 24.44%
07.12.2011 24.35%
23.11.2011 23.37%
09.11.2011 22.83%
26.10.2011 20.37%
12.10.2011 20.37%
28.09.2011 21.52%
14.09.2011 21.52%
31.08.2011 20.37%
17.08.2011 20.37%
03.08.2011 20.37%
21.07.2011 20.37%
06.07.2011 19.22%
 

 

 
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