# Loan Price Research in Portugal (2026)

> Advertised personal-loan TAEGs from 14 named lenders and official representative mortgage examples per bank, collected August 2026, with Banco de Portugal usury caps.

By Jules de Bruin · URL: https://www.how-to-portugal.com/finance/loans-price-research

Updated August 2026. The cheapest advertised personal-loan TAEG floors are **Cetelem** and **Banco CTT** at **9.8%**, with **Cofidis** at **9.9%**; branch banks cluster at **11% to 13.3%**. The legal ceiling is the Banco de Portugal usury cap: **15.3%** for general personal credit in Q3 2026. Mortgage representative examples run **TAEG 4.0% to 4.8%** with bundled products, on July 2026 Euribor.

## How Was This Research Compiled?

Rates come from each lender's own site where published (accessed 19 August 2026), corroborated against the May-to-August 2026 comparator tables where a price sits behind a simulator. Every record keeps its source URL and access date in the catalogue. Personal-loan figures are the advertised "TAEG desde" floor; mortgage figures are the bank's own FINE-style representative example. Values we could not verify are marked n/a rather than estimated.

## What Do Personal Loans Cost in Portugal?

Specialist consumer lenders (**Cetelem**, **Cofidis**, **Credibom**, **Younited**) undercut the branch banks by **2 to 4 points** at the advertised floor. All lenders cap at the **84-month** regulatory maximum term.

| Lender | TAEG from | TAN from | Amount (EUR) | Term |
| --- | --- | --- | --- | --- |
| [Cetelem](https://www.cetelem.pt) | 9.8% | 8.45% | 1,000-75,000 | 12-84 months |
| [Banco CTT](https://www.ctt.pt) | 9.8% | n/a | 1,000-50,000 | 12-84 months |
| [Cofidis](https://www.cofidis.pt) | 9.9% | n/a | 5,000-75,000 | 24-84 months |
| [Younited Credit](https://www.younited-credit.com/pt) | 10% | 7.494% | 1,000-50,000 | 6-84 months |
| [Banco Credibom](https://www.credibom.pt) | 10.05% | n/a | 2,500-75,000 | 12-84 months |
| [UNIBANCO](https://www.unibanco.pt) | 10.3% | n/a | 1,000-75,000 | 12-84 months |
| [Oney Bank](https://www.oney.pt) | 10.4% | n/a | 1,000-50,000 | 12-84 months |
| [ActivoBank](https://www.activobank.pt) | 11% | n/a | 1,000-75,000 | 12-84 months |
| [Caixa Geral de Depósitos](https://www.cgd.pt) | 11.1% | n/a | 1,000-75,000 | 12-84 months |
| [Millennium BCP](https://ind.millenniumbcp.pt) | 11.2% | n/a | 1,000-75,000 | 12-84 months |
| [Novo Banco](https://www.novobanco.pt) | 11.8% | n/a | 1,000-75,000 | 12-84 months |
| [Santander Portugal](https://www.santander.pt) | 13.2% | 9% | 1,000-75,000 | 12-84 months |
| [Banco BPI](https://www.bancobpi.pt) | 13.3% | n/a | 1,500-75,000 | 12-84 months |
| [Bankinter Portugal](https://www.bankinter.pt) | 15.5% | n/a | 3,000-75,000 | 12-84 months |
Advertised floors, May to August 2026; the final rate is personalised after credit scoring. Usury cap Q3 2026: 15.3% general, 8.9% education, health and energy. Stamp duty of about 1.76% of capital applies on terms of a year or more.

## What Do Mortgages Cost in Portugal?

Each figure is the bank's own representative example, on July 2026 Euribor averages (12M at **2.855%**, 6M at **2.647%**). The "with products" column reflects salary domiciliation plus bundled insurance, which lowers the spread by roughly **0.5 points**.

| Bank | TAEG base | TAEG with products | Structure |
| --- | --- | --- | --- |
| [Caixa Geral de Depósitos](https://www.cgd.pt) | 4.6% | 4.2% | Variable: Euribor 6M (2.647% Jul-2026 avg) + spread 1.35% base / 0.85% with salary domiciliation and bundled products; mixed-rate (2y fixed then variable) options |
| [Millennium BCP](https://ind.millenniumbcp.pt) | 4.8% | 4.2% | Variable: Euribor 12M (2.855% Jul-2026) + spread 1.25% base / 0.70% bonified; fixed and mixed options |
| [Bankinter Portugal](https://www.bankinter.pt) | 4.8% | 4.4% | Variable: Euribor 12M (2.855%) + spread from 1.05%; mixed-rate options; transfer product waives most costs |
| [ActivoBank](https://www.activobank.pt) | 4.7% | 4.2% | Variable: Euribor 12M (2.798% Jun-2026) + 1.25% base / 0.70% bonified |
| [Banco BPI](https://www.bancobpi.pt) | 4.8% | 4% | Variable TAEG 4.8% base / 4.0% bonified; fixed-rate examples TAEG 5.4% / 4.7% |
| [Santander Portugal](https://www.santander.pt) | 5.3% | n/a | Up to 100% LTV for buyers Novo Banco, UCI Portugal, Banco CTT publish no stable public representative example and price only through their own simulators; they are listed in the catalogue with a price note instead of a figure.

## Related Guides

[### Loans Overview.](/finance/loans)[### Personal Loans Consumer credit.](/finance/personal-loans)[### Mortgages Property loans.](/finance/mortgages)[### Open Bank Account Banking first.](/finance/open-bank-account)

## Frequently Asked Questions

### Is TAEG the only thing to compare?

TAEG is the best headline comparator, but also check early repayment fees, mandatory insurance, stamp duty (Imposto de Selo, about 1.76% of capital on terms of a year or more), and the total cost of credit.

### Why does the table say TAEG from?

Portuguese lenders advertise a floor rate and personalise the real rate after scoring your income, credit file (CRC at Banco de Portugal), and effort ratio. Treat the floor as the best case, not a quote.

### Is there a legal maximum rate?

Yes. Banco de Portugal publishes quarterly usury caps. For Q3 2026: 15.3% TAEG on general personal loans, 8.9% for education, health and renewable-energy purposes, and 18.5% on cards and overdrafts.

### Are mortgage rates fixed or variable?

Both are available. Variable rates track Euribor plus a spread of roughly 0.70% to 1.35%; the representative examples below use the July 2026 Euribor averages (12M at 2.855%, 6M at 2.647%).

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Source: https://www.how-to-portugal.com/finance/loans-price-research
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