UKRAINIAN INDEX
OF EFFECTIVE INTEREST RATES
ON CONSUMER LOANS FOR INDIVIDUALS
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CreditMarket Index: effective rates on car loans decreased slightly to 44.66%

On 09 October 2012, Credit Market Car Loan Index decreased to 44.66% against 44.68% recorded on 24 September 2012 (the effective rate on new car loans per annum, in UAH). The information is as of 09 October 2012.

Denis Rakovsky, Sales Director at KreditMarket: “The mean effective rate on car loans has slightly decreased by 0.02 p. p. (recall that the effective rate on car loans went up by 0.28 p. p. in the previous period), to 44.66%. We’d like to stress that the previous Credit Market Car Loan Index was the highest record ever – 44.68%.

For the last two weeks since the previous calculation, eight out of twelve banks from our CreditMarket Car Loan Index list (Idea Bank, Volksbank, OTP Bank, Finance and Credit Bank, Privatbank, Credit Agricole, Russian Standard Bank, Astra Bank) have changed their terms on this crediting type. Eight banks changed the nominal interest rate: Privatbank and Russian Standard Bank increased the nominal interest rate, and the rest of banks increased it.

As we mentioned many times, the second half of autumn is a traditional season of active sales by auto dealers. It may result in some car credit easing by a range of banks under their competition. It cannot be ruled out that the current insignificant decrease of the mean effective rate is explained by this fact.

Just as two months ago, the credit resource market situation is not getting better, and there are no prerequisites for any similar changes in the mid-term. In early November some fluctuations in the resource market are likely to occur and result in further variations in rates in the car loan market. In addition, in early November an active sale of 2012 cars starts. As is known, on the eve of the New Year holidays car importers and dealers make much effort to free their warehouses from the current year’s cars to start selling the next year car models.”

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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