Interest rates for renegotiated and new housing loans dropped in April.
In April 2025, the interest rates associated with new home loans and loan renegotiations in Portugal decreased, providing relief to families with housing loans.
Decrease in interest rates for renegotiations and new home loans in April.
According to data from the Bank of Portugal, shared in the Notícias ao Minuto, the average interest rate on new home loan operations, including renegotiations, decreased - standing at 3.06% in April, compared to the 3.13% recorded in March.
Specifically, the average interest rate for new home loan contracts fell to 3.02%, while the rate for renegotiations decreased from 3.43% to 3.26%.
Comparison with the Eurozone
In the context of the euro area, the average interest rate on new housing loans decreased by 0.06 percentage points to 3.25%, placing Portugal with the eighth lowest average interest rate among the countries in the eurozone.
Impact on monthly installments
The average monthly installment of housing loans in Portugal decreased by two euros in April compared to March, amounting to 407 euros, the lowest value since September 2023.
Interest rate preferences.
In April, the six-month Euribor became the most used in new home loan operations, representing 47.2% of the amount of new operations with a variable rate.
A fixed rate presented the highest interest rate among new operations (3.61%), followed by the variable rate (3.20%) and the mixed rate (2.9%).
The downward trend in interest rates on housing credit in Portugal continues to provide some relief to families, resulting in lower monthly installments and more favorable financing conditions.
How Minute Savings can help renegotiate your mortgage credit.
If you think you are paying too much for your mortgage or want to take advantage of the decrease in interest rates, renegotiating your credit can be an excellent solution. At Poupança no Minuto, we help:
- Compare proposals from various banks.
- Further reduce the monthly mortgage payment for housing.
- Renegotiate terms with your current entity or transfer credit without costs.
- Mitigate the impact of lowering the spread, fixing the rate or amortizing the loan.
Avoid bureaucracies and uninformed decisions! With specialized and free support, you can save hundreds of euros every month. Talk to a credit intermediary from Poupança no Minuto and find out how much you can save now.