Mortgage instalments are set to decrease between 30 euros and 115 euros in April. 

For contracts reviewed in April, the monthly payments to banks will drop between 30 and 115 euros, based on simulations conducted by DECO PROteste/Contas e Direitos (ECO).

This marks the lowest instalments in two and a half years for loans linked to the six-month and 12-month Euribor rates.

This reflects the outlook for monetary policy in the Eurozone. Since last summer, the European Central Bank (ECB) has been easing official interest rates.

For example, on a 150,000-euro, 30-year loan with a 1% spread, the impact of the rate changes would be as follows:

  – Three-month Euribor: the instalment you’ll pay over the next three months will drop to 669.72 euros, 31.35 euros less (-4.47%) than the instalment you’ve been paying since January;

  – Six-month Euribor: the instalment you’ll pay over the next six months will be around 664.39 euros, with a reduction of 74.22 euros (-10.1%) on the instalment you’ve been paying since October;

  – 12-month Euribor: the instalment you will pay over the next 12 months will fall to 665.8 euros, a decrease of 113.78 euros (-14.6%) on the instalment you paid the previous year.