Regulatory Alerts2024-06-06
Added · Updated
Instruction (Historical) No. 9/2024
The Banco de Portugal establishes maximum annual effective global rates (TAEG) and maximum nominal annual rates (TAN) applicable to consumer credit contracts concluded in the third quarter of 2024. These limits apply to specific categories including personal credit, education and health financing, vehicle leasing, and credit cards, with TAEGs ranging from 6.7% to 15.8% and a TAN of 19.2% for credit overdrafts. The instruction enters into force on July 1, 2024.
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