In May 2016
Implicit interest rate in housing credit continues to decline and the loan repayments decreased
In May 2016, the implicit interest rate in housing credit in the Region was 1.075%, decreasing by 0.024 percentage points (p.p.) from the previous month.
The average value of loan repayments remained unchanged at €269 when compared to April 2016. The interest component stood at €53 (down by €2 from the previous month) and the capital component at €216 (down by €1).
The average outstanding loan value in housing credit in the Autonomous Region of Madeira dropped to €59,583.
In Portugal, the implicit interest rate in housing credit stood at 1.112% (1.132% in April 2016) and the average value of loan repayments remained unchanged at 238€.
