Implicit interest rate on Portuguese housing loans rises to 3.194 per cent

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Implicit interest rate on Portuguese housing loans rises to 3.194 per cent

25 October 2026

Statistics Portugal (INE) reports that the implicit interest rate for all housing loan agreements rose from 3.162 per cent in August to 3.194 per cent in September 2026.
For contracts closed in the previous three months the rate rose from 2.910 per cent to 2.959 per cent.
The average amount of owed capital increased by 655 euros to 80,843 euros.
The average loan repayment rose by 5 euros to 423 euros, which is 30 euros above the figure a year earlier.
Interest represented 50.4 per cent of the average repayment.
For contracts signed in the last three months the average repayment was 757 euros.

Implicit interest rate: 3.194% Average owed capital: 80,843 Euros Average repayment: 423 Euros Interest share of repayment: 50.4%

Why it matters for exams: A housing-credit release is a clean occasion to ask which institution supervises a country's banks and which currency its loans are written in.

Kerala PSCUPSCBank

25 October 2026 Source: Statistics Portugal (INE)

In plain words

Implicit interest rate — The rate actually being paid across all outstanding loans, worked back from the interest charged.

Banco de Portugal — Portugal's central bank, which supervises its banks and belongs to the Eurosystem.