UKRAINIAN INDEX
OF EFFECTIVE INTEREST RATES
ON CONSUMER LOANS FOR INDIVIDUALS
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CreditMarket Cash Index: a mean effective rate on instant cash loans went down to 105.18%

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

DateValue 
01.11.2018 98.42%
28.09.2018 111.31%
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%
 

 

 
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