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Floating rate for loans of private individuals

Dear clients,

Please be aware If your loan agreement provides changable interest rate, which consists of rates is set by the formula: UIRD (Ukrainian Index of Retail Deposit Rates) + percentage.

UIRD – is the Ukrainian index rates on deposits of individuals – average interest rates that is calculated on each banking day in the Thomson Reuters system and is based on nominal interest rates on term deposits for a period of 6 months, with interest repayment at the end of the term of the deposit agreement.
To calculate the changeable rate, the base rate (UIRD) is defined as following:
  • If the credit agreement is concluded and accordingly in the future change the changeable interest rate for the period from 1 (the first one) to 15 (fifteenth) day of the month, the base rates is used, which was set up 2 working days before the 1st day the month in which the rate is set or changed;
  • If the credit agreement is concluded and accordingly in the future change the changeable interest rate for the period from sixteen (16) to 31 (thirty-first) day of the month, the base rates is used, which was set up to 2 working days to 16 of the month in which the rate is set or changed.
Under the terms of the loan agreement the size of floating interest rates, which consists of UIRD + percentage change from the date specified in the contract, during the term of this agreement each time the end of each six (6) calendar month period.
The amount of interest is indicated in your loan agreement.
With information about the size of the index UIRD you also can visit the official website of the NBU http://www.bank.gov.ua/.

Please be aware if your credit agreement considers usage of floating interest rate, which consists of FAIR + percent:

FAIR (Floating Annual Interest Rate) – the highest interest basic rate on term deposits of individuals in currency identical to the currency of the loan, that is placed in the bank for a period of 6 months, with interest rates repayable at the end of the deposit agreement.

Under the terms of the loan agreement the size of floating interest rates, which consists of rate FAIR + percent change from the date specified in the contract, during the term of this agreement every six calendar months.

The amount of interest rate is indicated in your loan agreement. With the size of FAIR rate you can get acquainted by following the link.

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