Regulatory Alerts2025-03-07
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Instruction (Historical) No. 3/2025
The Bank of Portugal establishes maximum interest rates for consumer credit contracts concluded in the second quarter of 2025, based on the previous quarter's average effective annual rates. The directive specifies maximum Effective Annual Percentage Rates (APR) for categories including personal credit, education, health, renewable energy, equipment leasing, and credit cards, as well as maximum nominal rates for credit overdrafts. These limits apply to contracts signed from April 1, 2025, and do not restrict the freedom to negotiate financing conditions beyond these caps.
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