MTIC
Published 6 November 2026, 09:07
MTIC — montante total imputado ao consumidor (the total amount the borrower will pay)
The total you will pay the bank over the whole term of the loan: the amount borrowed plus interest, fees, insurance and taxes under the contract. It is the only figure that lets you compare two offers fairly: the monthly payment can be brought down to almost any level by stretching the term, and the MTIC shows what that stretching costs you.
Where you come across it. Mortgages and consumer loans: the FINE (the standard European information sheet with the terms), the bank's offer, moving a loan to another bank.
The bank has to state the MTIC for each scenario — ask for it separately for each term. Between two offers with the same monthly payment but different terms, the difference in MTIC can run to tens of thousands of euros.