Consumer credit costs reach 10.34% amid high interest rates

Analysis from the Unimpresa Study Center indicates that consumer credit costs remain high despite monetary policy shifts. As of March 2026, the effective annual global rate (TAEG) for consumer credit reached 10.34%, showing little change from previous periods despite easing policies from the European Central Bank.

Small and medium-sized enterprises (SMEs) are also facing significant costs, with loans up to one million euros averaging 4.18%. This contrasts with larger companies, which benefit from lower rates of approximately 2.99% for loans exceeding one million euros. Additionally, mortgage rates for home purchases stood at 3.81% in March 2026, following a period of fluctuation.