Latest news and stories about consumer credit in Portugal for expats and residents.
The insurer Prévoir has a new life insurance policy linked to consumer credit, covering car, travel, health, or education expenses. This new product does not, however, cover mortgage loans or financing secured by real estate, positioning itself for medium-term loans that typically lack collateral. The main coverage guarantees payment in the event of death or disability.
The average interest rate for new consumer credit operations was set at 9.15% in January 2026, an increase of 5.3 basis points compared to December of last year. This is the highest value since July 2014 — nearly 12 years ago — according to data released this Wednesday by the Bank of ...
Taking out multiple loans can create heavy financial pressure. Loan consolidation is often the solution to reduce repayments.
The ease of access to credit for 'pure consumption', without any 'prior checks', leaves families more vulnerable and likely to fall into the so‑called revolving credit spiral, warns Maria Emília Teixeira. In an interview with ECO, the professor of banking law at the Universidade Portucalense, an expert in financial literacy and consumer protection, ...
Consumer credit in October recorded an increase of about 14.5% year-on-year, reaching 855 million euros, according to data from the Bank of Portugal. The highest average effective interest rate is paid on money spent using credit cards.
New consumer credit reached its highest amount ever in October: banks and financial institutions granted 855 million euros to families for consumption purposes, representing a 14% increase compared to the same month last year. Data from the Bank of Portugal shows that all ...
In October, consumer credit increased by 11.3%, reaching a total of 855 million.
Consumers in Portugal took out €855 million in consumer credit in October, marking a year-on-year increase of 11.3%, while the number of new contracts rose by 4% to 157,367, as reported today by the Bank of Portugal (BdP).
New consumer credit operations reached an unprecedented value in October. According to data from the Bank of Portugal released this Wednesday, banks financed €2.16 billion for home purchases in the tenth month of the year. Young people continue to drive the granting of housing finance, accounting for over 60% of new loans.
