2023-03-09

Added 2026-07-31 · Updated 2026-09-22

Instruction No. 7/2023: Disclosure of Maximum Rates Applicable to Consumer Credit Contracts in the Second Quarter of 2023

The Bank of Portugal establishes maximum effective annual rates (TAEG) and maximum nominal rates (TAN) for various consumer credit contracts for the second quarter of 2023. These limits apply to contracts concluded under Decree-Law No. 133/2009, with specific caps set for personal credit, auto credit, financial leasing, and credit cards. The instruction enters into force on April 1, 2023, and mandates that these maximum rates serve as ceilings for financing charges without restricting the freedom to negotiate other contract conditions.

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Banco de Portugal

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Instruction No. 7/2023
BO No. 2/2023 3rd Supplement • 2023/03/09
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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 2nd quarter of 2023

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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