In October, the monthly installment, based on an average 12-month Euribor rate of 2.102%, will be 646.41 euros, compared to 710.60 euros in the same period last year, marking a decrease of 64.19 euros.
The simulations conducted by DECO Proteste/Contas e Direitos are based on a scenario with a loan of 150,000 euros over 30 years and a 1% ‘spread’ (commercial profit margin).
Meanwhile, a customer with a loan under the same conditions, but based on the six-month Euribor rate, will see their installment decrease by 23.28 euros to 640.69 euros, considering the values from the last review in April.
For a loan indexed to the three-month Euribor, the installment will now be 634.59 euros, up from 631.11 euros in the last review in July, representing an increase of 3.48 euros.
On September 11, the European Central Bank (ECB) maintained its key interest rates, including the deposit rate at 2.00%, considered neutral for the eurozone as it neither stimulates nor hinders economic growth.
Thus, the ECB Council decided to keep the deposit facility rate at 2.00%, the main refinancing operations rate at 2.15%, and the marginal lending facility rate at 2.40%.
