UKRAINIAN INDEX
OF EFFECTIVE INTEREST RATES
ON CONSUMER LOANS FOR INDIVIDUALS
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CreditMarket Index: effective rates on car loans keep on growing to 44.40%

Credit Market Car Loan Index went up to 44.40% against 43.14% recorded on 27 August 2012 (the effective rate on new car loans per annum, in UAH). The information is as of 10 September 2012.

Denis Rakovsky, Sales Director at KreditMarket: “The mean effective rate on car loans which increased by 1.2 p. p. from the previously estimated value (43.14% against 41.94%) went up again by 1.26 p. p. this time and reached 44.40%. It’s the highest ever point of Credit Market Car Loan Index. The previous highest point was recorded on 12 March 2012 when the mean effective rate on car loans reached 43.71%.

Recall that before the growth during the last calculation, CreditMarket Car Loan Index remained stable at 41.94% within two months (from 18 June to 13 August 2012).

For the last two weeks since the previous calculation two banks from our CreditMarket Car Loan Index list (Idea Bank, Ukrsotsbank) have changed their terms on car loans: they increased the nominal interest rate. Idea Bank increased the borrower’s life-insurance cost, and Ukrsotsbank decreased the loan set-up fee. These changes have significantly affected the mean effective rate on car loans.

In view of the fact that the credit resource market situation is not getting better, and there are no prerequisites for any improvements in the mod-term, as before, we leave open the possibility of fluctuations of rates towards both the growth and decrease. In late autumn it is possible that some banks will introduce easing of credit terms under their competitive fighting for the market share. Traditionally, it’s a season when auto dealers start intensive sales resulting in the growth of demand.”

Information

CreditMarket Car Loan Index is calculated on the basis of credits granted at 70% of the cost of a new car for a 3-year term. Promotional offers and ones subsidized by sellers are excluded. The redemption scheme - annuity, in case of no proposals - a serial loan. Currency – UAH. Principal – up to UAH80,000 UAH (the cost of a car – UAH114,300).

Index Values History

DateValue 
22.02.2017 37.24%
09.01.2017 39.44%
07.12.2016 39.44%
11.11.2016 39.44%
10.10.2016 40.71%
08.09.2016 40.71%
28.08.2016 40.71%
26.07.2016 40.71%
23.06.2016 39.33%
11.05.2016 39.33%
20.04.2016 39.33%
08.03.2016 39.33%
08.02.2016 39.33%
16.01.2016 42.18%
07.12.2015 37.96%
04.11.2015 38.63%
02.10.2015 37.96%
04.09.2015 37.96%
03.08.2015 40.10%
07.07.2015 40.71%
05.06.2015 43.65%
05.05.2015 40.71%
06.04.2015 40.71%
05.03.2015 40.71%
05.02.2015 40.71%
30.01.2015 40.71%
30.12.2014 41.56%
28.11.2014 40.88%
31.10.2014 40.88%
30.09.2014 43.66%
31.08.2014 45.43%
31.07.2014 42.24%
23.06.2014 40.97%
19.02.2014 42.56%
14.01.2014 42.56%
16.12.2013 42.56%
18.11.2013 42.56%
15.10.2013 42.56%
25.09.2013 44.07%
13.09.2013 42.01%
14.08.2013 42.01%
01.08.2013 42.01%
25.07.2013 44.07%
27.06.2013 44.03%
11.06.2013 44.03%
28.05.2013 42.86%
14.05.2013 42.58%
23.04.2013 42.58%
09.04.2013 42.58%
27.03.2013 44.89%
13.03.2013 44.89%
26.02.2013 46.48%
11.02.2013 46.48%
28.01.2013 46.48%
18.12.2012 45.99%
04.12.2012 45.99%
19.11.2012 45.52%
06.11.2012 45.52%
24.10.2012 44.98%
09.10.2012 44.66%
24.09.2012 44.68%
24.09.2012 44.68%
10.09.2012 44.40%
27.08.2012 43.14%
13.08.2012 41.94%
30.07.2012 41.94%
16.07.2012 41.94%
02.07.2012 41.94%
18.06.2012 41.94%
05.06.2012 42.01%
21.05.2012 42.01%
07.05.2012 42.01%
23.04.2012 42.22%
09.04.2012 41.31%
26.03.2012 41.31%
12.03.2012 43.71%
27.02.2012 42.18%
13.02.2012 40.91%
30.01.2012 40.98%
16.01.2012 41.25%
04.01.2012 40.88%
19.12.2011 40.13%
05.12.2011 40.13%
21.11.2011 36.66%
07.11.2011 36.59%
24.10.2011 35.61%
10.10.2011 35.61%
26.09.2011 34.96%
12.09.2011 34.96%
29.08.2011 34.96%
15.08.2011 34.44%
01.08.2011 34.44%
20.07.2011 34.44%
 

 

 
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