2020-06-04

Added 2026-09-19 · Updated 2026-09-22

Instruction No. 15/2020: Disclosure of Maximum Rates Applicable to Consumer Credit Contracts for the Third Quarter of 2020

The Bank of Portugal establishes maximum effective annual rates (TAEG) and maximum nominal annual rates (TAN) for various consumer credit contracts concluded in the third quarter of 2020. These limits apply to personal credit, education, health, renewable energy, equipment leasing, automobile credit, credit cards, overdrafts, and credit overdrawals, as specified in the attached tables. The instruction enters into force on July 1, 2020, and mandates compliance with these caps while preserving the freedom to contract other financing conditions.

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Instruction No. 15/2020
BO No. 5/2020 5th Supplement • 2020/06/04
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Topics
Supervision :: Behavioral Supervision
Mod. 99999940/T – 01/14
Index
Text of the Instruction
Text of the Instruction
Subject: Disclosure of maximum rates applicable to consumer credit contracts in the 3rd quarter of 2020

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Lineage: In force

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Source: Banco de Portugal — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works