UKRAINIAN INDEX
OF EFFECTIVE INTEREST RATES
ON CONSUMER LOANS FOR INDIVIDUALS
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CreditMarket Index: a mean effective rate has slightly increased to 24.05%

On 01 August 2012 CreditMarket Mortgage Index slightly increased to 24.05% (an effective rate on mortgage for real estate purchase per annum, in UAH) against 23.86% recorded on 18 July 2012.

Denis Rakovsky, Sales Director at KreditMarket: “CreditMarket Mortgage Index has slightly increased to 24.05% which brought it back it to the point (24.09%) recorded on 04 July 2012.

For the last two weeks since the previous calculation one bank from our CreditMarket Mortgage Index list (PUMB) has changed the mortgage loan terms: it increased the nominal interest rate.

In view of the acute deficiency of long-term financial resources in the Ukrainian loan market and absence of any prerequisites for the market situation alteration, in the mid-term we predict further insignificant fluctuations of the CreditMarket Mortgage Index towards the current level. In our opinion, it’s explained by the fact that banks keep on looking for optimal conditions of mortgage crediting.

As we assumed, a launch of the government mortgage program at this stage hardly affected conditions of the standard mortgage programs of commercial banks.”

 

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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