A client with a 30-year loan of 150,000 euros, indexed to the six-month Euribor with a spread of 1%, will pay, as of May, 461.33 euros, representing an increase of 14.32 euros compared to the last revision in November.
The instalment of the house taken by bank customers for the mortgage loan will increase during this month in contracts indexed to Euribor at three, six and 12 months, compared to the last revisions.
A customer with a 30-year loan of 150,000 euros, indexed to Euribor at six months and with a spread of 1%, will pay, starting in May, 461.33 euros, representing an increase of 14.32 euros compared to the last revision in November.
For a loan under the same conditions, i.e. with the same amount and repayment period, but indexed to the three-month Euribor, the customer now pays 452.21 euros, 7.36 euros more than he has been paying since February.
These values were calculated taking into account the Euribor averages for the month of April, which were -0.311% for six months and -0.448% for three months.
These increases will occur during the month of May for those who have loans indexed to Euribor at six and three months compared to the increases of, respectively, 7.46 euros and 2.82 euros registered in the credits whose revision occurred this April.
On the other hand, and after almost six years in negative territory, the average of the 12-month Euribor in the month of April entered into positive values, having been 0.013%.
In this sense, for those who have a credit under the above mentioned conditions and indexed to the 12-month Euribor, the house instalment will be 483.36 euros as of May.
Euribor rates are the main indexing factor in Portugal in bank contracts that finance home purchases. The six-month Euribor is the most used, followed by the three-month rate.