Household loan rates climb, corporate rates stable in euro area

In April 2026, the weighted indicator for new housing loans to private households in the euro area rose by 9 basis points to 3.44 percent.

This upward trend was evident across various maturities, with variable-rate housing loans or those with an initial fixation of up to one year increasing by 6 basis points to 3.56 percent.

Consumer loan rates also saw a notable climb, rising by 13 basis points to 7.59 percent.

In contrast, the weighted indicator of credit financing costs for new loans to corporations remained largely unchanged at 3.62 percent.

Within the corporate segment, rates for new loans over €1 million with variable interest or short fixation periods were stable at 3.31 percent.

However, loans with a fixation of more than three months and up to one year decreased by 11 basis points to 3.50 percent, while long-term corporate loans (over 10 years fixation) increased by 9 basis points to 3.74 percent.

This indicates a divergent development within corporate lending.

Regarding deposit rates, new time deposits from corporations with an agreed maturity saw an increase of 4 basis points to 2.00 percent in April 2026.

In contrast, the rate for corporate overnight deposits remained nearly constant at 0.53 percent.

For private households, the weighted interest rate for new time deposits with an agreed maturity rose by 5 basis points to 1.91 percent.

However, the rate for household overnight deposits remained unchanged at 0.26 percent.

The report also highlights that changes in aggregated euro area interest rates reflect not only actual interest rate movements but also shifts in country weights, as determined by the interest rate effect and weighting effect using the Bennet index.