Interest rates: new historical low

Portugal interest rate

The average interest rate on new loans to households for house purchase decreased by 10 b.p., to 1.35%, which corresponds to a new historical low:

The average interest rate on new loans to households for house purchase decreased by 10 b.p., to 1.35%  which corresponds to a new historical low.

In loans for consumption and other purposes, the average interest rates were 7.07% and 3.91% respectively (7% and 3.62% in June). The volumes of new loans for house purchase, consumption and other purposes totalled €919 million, €387 million and €143 million respectively.

11th of September 2018

https://www.bportugal.pt/sites/default/files/anexos/documentos-relacionados/nie_banking_interest_rates_201807.pdf

Annualised Rate - Mortgages
Annualised Rate - Mortgages