On 18 July, CreditMarket Cash Index dropped to 105.18%, from 110.28% on 3 July 2013 (an effective rate for no-purpose unsecured cash loans per annum, in UAH).
Denys Rakovsky, Sales Director at KreditMarket: “IdeaBank changed its terms and conditions of crediting by decreasing the repayment holiday duration from six to three months, which brought about a reduction in the nominal rate on cash loans. Alfa Bank lowered its loan servicing monthly charge.
As a consequence, a market average effective rate on instant cash loans (CreditMarket Cash Index) decreased to 105.18% on 18 July, from 110.28% on 3 July this year.
On NBU’s having reduced the discount rate to 7% in July, the cost of credit resources went down by 2%. However, a risk related portion of the cost of cash loans is inevitably high. The market generally shows a slow response to any change in resource costs since an alteration of credit product features takes some time. NBU drew up a draft decree on subsequent decrease of the discount rate. The resolution was made as part of the crediting promotion program focused on encouraging real sectors of economy and expansion of domestic consumer demand for products and services. The crediting penetration in this country is growing, and banks stiffly compete each other easing requirements to the credit application document list, accelerating procedures of processing loan applications and offering various credit repayment options. In general, that trend is expected to continue.
Information
CreditMarket Cash Loan Index is calculated on the basis of cash loans without collateral granted for 1 year. The redemption scheme – is annuity, in case of no proposals - a serial loan. Currency – UAH. Amount – UAH8,000.
Index Values History
| Date | Value | |
| 03.09.2018 | 111.31% |  |
| 30.07.2018 | 111.31% | |
| 30.06.2018 | 111.31% |  |
| 15.05.2018 | 91.43% | |
| 04.04.2018 | 89.36% |  |
| 08.03.2018 | 97.38% | |
| 07.02.2018 | 97.85% | |
| 08.01.2018 | 96.35% | |
| 06.12.2017 | 93.55% | |
| 14.11.2017 | 94.43% | |
| 02.10.2017 | 95.47% | |
| 04.09.2017 | 92.20% | |
| 03.08.2017 | 92.08% | |
| 03.07.2017 | 92.08% | |
| 30.06.2017 | 111.31% | |
| 07.06.2017 | 92.08% | |
| 16.05.2017 | 97.77% | |
| 11.04.2017 | 95.54% | |
| 17.03.2017 | 90.30% | |
| 22.02.2017 | 87.49% | |
| 09.01.2017 | 92.44% | |
| 07.12.2016 | 90.89% | |
| 11.11.2016 | 90.89% | |
| 10.10.2016 | 85.15% | |
| 08.09.2016 | 87.91% | |
| 28.08.2016 | 84.28% | |
| 26.07.2016 | 85.31% | |
| 23.06.2016 | 81.62% | |
| 11.05.2016 | 81.62% | |
| 20.04.2016 | 81.62% | |
| 08.03.2016 | 80.99% | |
| 08.02.2016 | 89.65% | |
| 16.01.2016 | 85.98% | |
| 07.12.2015 | 100.88% | |
| 05.11.2015 | 107.81% | |
| 02.10.2015 | 111.18% | |
| 04.09.2015 | 92.25% | |
| 03.08.2015 | 105.90% | |
| 07.07.2015 | 97.68% | |
| 05.06.2015 | 131.13% | |
| 05.05.2015 | 110.09% | |
| 06.04.2015 | 96.57% | |
| 05.03.2015 | 95.82% | |
| 05.02.2015 | 82.34% | |
| 30.01.2015 | 78.13% | |
| 30.12.2014 | 106.25% | |
| 28.11.2014 | 106.25% | |
| 31.10.2014 | 110.36% | |
| 30.09.2014 | 110.36% | |
| 31.08.2014 | 110.36% | |
| 31.07.2014 | 110.36% | |
| 04.06.2014 | 96.56% | |
| 15.03.2014 | 105.59% | |
| 06.02.2014 | 103.42% | |
| 10.01.2014 | 107.08% | |
| 30.12.2013 | 105.18% | |
| 17.11.2013 | 105.18% | |
| 25.10.2013 | 105.18% | |
| 13.09.2013 | 105.18% | |
| 05.08.2013 | 105.18% | |
| 18.07.2013 | 105.18% | |
| 03.07.2013 | 110.28% | |
| 18.06.2013 | 107.08% | |
| 05.06.2013 | 107.08% | |
| 21.05.2013 | 107.08% | |
| 13.05.2013 | 107.08% | |
| 30.04.2013 | 107.08% | |
| 17.04.2013 | 107.08% | |
| 03.04.2013 | 107.08% | |
| 20.03.2013 | 102.68% | |
| 06.03.2013 | 107.08% | |
| 19.02.2013 | 106.10% | |
| 05.02.2013 | 106.10% | |
| 23.01.2013 | 102.68% | |
| 25.12.2012 | 107.16% | |
| 11.12.2012 | 112.01% | |
| 27.11.2012 | 112.01% | |
| 13.11.2012 | 112.02% | |
| 30.10.2012 | 122.85% | |
| 16.10.2012 | 122.85% | |
| 02.10.2012 | 122.85% | |
| 18.09.2012 | 117.20% | |
| 04.09.2012 | 117.20% | |
| 21.08.2012 | 114.15% | |
| 07.08.2012 | 114.15% | |
| 24.07.2012 | 114.15% | |
| 10.07.2012 | 111.76% | |
| 26.06.2012 | 110.80% | |
| 12.06.2012 | 110.80% | |
| 29.05.2012 | 110.80% | |
| 15.05.2012 | 115.22% | |
| 03.05.2012 | 115.22% | |
| 17.04.2012 | 115.22% | |
| 03.04.2012 | 115.56% | |
| 20.03.2012 | 119.75% | |
| 06.03.2012 | 115.22% | |
| 21.02.2012 | 110.36% | |
| 07.02.2012 | 114.65% | |
| 24.01.2012 | 116.46% | |
| 11.01.2012 | 132.61% | |
| 27.12.2011 | 132.61% | |
| 13.12.2011 | 112.83% | |
| 29.11.2011 | 112.83% | |
| 15.11.2011 | 110.25% | |
| 01.11.2011 | 102.23% | |
| 18.10.2011 | 102.23% | |
| 04.10.2011 | 102.23% | |
| 20.09.2011 | 102.23% | |
| 05.09.2011 | 107.06% | |
| 22.08.2011 | 107.06% | |
| 08.08.2011 | 103.43% | |
| 25.07.2011 | 103.43% | |
| 13.07.2011 | 103.50% | |
| 06.07.2011 | 89.85% | |