Thursday, July 10, 2008

Short-term loans become cheaper in Ukraine

An average interest rate on UAH cash loans for a three-year term went down by 3.10%, as reported with reference to Korrespondent.net.

Experts think that the interest rate may grow in future.

According to Prostobank Consulting company, an average interest rate on UAH cash loans for a three-year term totaled 43.41% in early July. In late June it was 46.51%.

UAH cash loans were constantly going up in price in May-June.

Rates of UAH cash credits for a one-year term went up by 0.60% over the last fortnight, and for a two-year term they went down by 1.78%.