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In September 2020

Implicit interest rate in housing credit and loan repayments in the Autonomous Region of Madeira decreased

In September 2020, the implicit interest rate in housing credit in the Region was 0.862%, decreasing by 0.012 percentage points (p.p.) from the previous month. In September 2019, the rate was 1.017%.

The average value of loan repayments remained dropped to €229 in the month of reference, with the interest component standing at €41 and the capital amortisation at €188 (down by €1 from in the previous month in both variables). In September 2019, the average value of loan repayments was 222 euros.

The average outstanding loan value in housing credit in the Autonomous Region of Madeira declined to €57,792 (€57,809 in the previous month). One year before it stood at €57,934.

In Portugal, the implicit interest rate in housing credit stood at 0.966% (down by 0.001 p.p. from the previous month), while the average value of loan repayments unchanged at €226. The average outstanding loan value for Portugal rose from €54,317 in August 2020 to €54,484 in September 2020, thus maintaining a steady growth since March 2019.

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