# Loans in Portugal: Personal Loans & Mortgages (2026)

> How personal loans and mortgages work in Portugal: rates, eligibility, TAEG, mortgage brokers, and the documents you need.

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

Updated August 2026. Portuguese lenders offer personal loans, car loans, and mortgages. Interest is shown as TAEG. Banks and brokers check your CRC record, income, and debt-to-income ratio. Mortgages usually require a down payment of 10% for residents and up to 30% for non-residents, plus life and building insurance.

## What Types of Loans Are Available?

Common products include personal loans for general use, car loans, credit cards and revolving credit, and mortgages for property purchase. Each has different TAEG ranges and term lengths.

## What Do Loans Cost?

| Lender | TAEG from?TAEG fromThe lender's advertised floor for the all-in yearly cost (TAEG). Your personal rate is set after credit scoring and is usually higher. | TAN from?TAN fromThe advertised floor for the bare interest rate (TAN), before fees and insurance. Compare loans on TAEG, not this. | 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 |
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.

Advertised personal-loan TAEG floors run from **9.8%** to about **15.5%** depending on lender and risk, against a **15.3%** usury cap. Mortgage representative examples sit at **TAEG 4.0% to 4.8%** on July 2026 Euribor. Always compare TAEG, not just the monthly instalment; the full tables are on the [loan price research page](/finance/loans-price-research).

## Who Can Get a Loan?

Lenders require a NIF, proof of income, bank statements, and a clean CRC record. Your debt-to-income ratio should usually stay below 30% to 35%. Non-residents face stricter mortgage terms.

## How Do Portuguese Mortgages Work?

You apply with a bank or broker, submit documents, receive a provisional offer, and complete the property purchase with a notary. The bank registers a mortgage on the property.

## Related Guides

[### Personal Loans Consumer credit guide.](/finance/personal-loans)[### Mortgages Property finance guide.](/finance/mortgages)[### Loans Price Research Rate table.](/finance/loans-price-research)[### Open Bank Account Banking first steps.](/finance/open-bank-account)

## Frequently Asked Questions

### Can I get a personal loan as a new resident?

Yes, if you have stable local income and a clean CRC record. Some banks require a minimum residency period.

### What is the maximum TAEG for loans?

Banco de Portugal sets quarterly maximum TAEG ceilings for different loan types. Check the latest publication.

### Do I need a broker for a mortgage?

Not required, but brokers help compare banks and can improve approval chances for non-residents.

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