indexante
Published 5 November 2026, 15:07
indexante (the benchmark rate a loan is tied to)
The market rate used to calculate the interest on a variable-rate loan. In Portuguese mortgages it is almost always Euribor — 3, 6 or 12 months, with the term chosen when the loan is taken out. The bank adds its spread to the indexante, and that gives your rate.
Where you come across it. A mortgage agreement: it states exactly which indexante is used and for what term.
The term of the indexante also determines how often the payment is reviewed. With a 12-month one the payment changes once a year — but all the change built up over the year arrives in one go.
Official website: clientebancario.bportugal.pt