In January the interest rates on loans disbursed during the month to families for the purchase of homes including ancillary expenses (Global Effective Annual Rate, APR) fell to 4.38 percent from 4.82 in December. This is what emerges from the publication “Banks and money: national series” by Bankitalia. The share of these loans with an initial rate fixation period of up to 1 year was 22 percent (41% in the previous month). The APR on new consumer credit disbursements stood at 10.75% (10.16 in the previous month). However, there was a slight upward adjustment for business rates: mortgages on new loans to non-financial companies in January stood at 5.48 percent in January compared to 5.45 in the previous month.
Those for amounts up to 1 million euros were equal to 5.78 percent, while the rates on new loans for amounts exceeding this threshold stood at 5.30 percent. The interest rates on all outstanding deposits were 1.00 percent (0.96 in the previous month).
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2024-03-11 10:36:00
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