Home credit: Monthly payments may decrease by around €100 in March.

The decrease in Euribor rates can lighten families' budgets by €100 in their home loan installments.

The recent falls in Euribor rates bring good prospects for those with scheduled mortgage reviews in March. The reduction in rates can result in a significant relief in the monthly installment, with savings of up to 100 euros.

For example, for a loan of 150,000 euros over 30 years, linked to the six-month Euribor with a spread of 1%, the reduction in the monthly payment could be around 75 euros, according to calculations from CNN Portugal, cited in the Notícias ao Minuto. In the case of a 200,000 euro credit, the decrease will be over 100 euros.

On the past day 27, the three-month Euribor rate hit a new minimum since February 2023, while the six-month rate remained stable at a lower level for more than two years. The 12-month rate registered a slight increase, standing below 2.5% in the three analyzed terms.

The six-month Euribor, which in January 2024 became the most used in Portugal for variable rate housing loans, remained at 2.389%, the same value recorded the previous day, reaching the lowest level since November 2022.

According to data from the Bank of Portugal for December, the six-month Euribor represented 37.64% of total loans for permanent own housing with variable rate, while the 12-month and three-month rates corresponded to 32.69% and 25.6%, respectively.

Read more: Explaining Euribor: Know everything about this benchmark

Want to see your monthly installment decrease even further? There are more solutions, such as renegotiating the conditions of your credit, or transferring the credit to another bank with more advantageous conditions. Know that the credit intermediaries of Poupança no Minuto help in all processes, at no cost, to ensure that you get the most suitable proposal for you! Simulate the transfer here now: