Euribor

Published 5 November 2026, 03:36

Euro Interbank Offered Rate (Euribor + spread)

The rate most Portuguese mortgages are linked to. Your interest rate is made up of Euribor plus the spread, which is the bank's margin. Euribor is reset at the interval set in your contract (3, 6 or 12 months), so your payment changes.

Where you come across it. Choosing a mortgage and letters from the bank about recalculating your payment.

Comparing banks on the spread alone is pointless: look at the TAEG, which includes insurance and fees.

Guides

Mortgages in Portugal: what makes up the interest rate and what a foreigner will be asked for Where to keep your savings in Portugal: a bank deposit or government savings certificates