taxa fixa
Published 8 November 2026, 22:51
taxa fixa (fixed interest rate on a loan)
A rate that stays the same for the whole term of the loan: you know your payments for every year ahead, and they do not depend on Euribor. Banks charge more for that predictability, so it is rarely chosen in Portugal — according to Banco de Portugal data for July 2026, it accounts for 4.71% of all housing loans and 2% of new ones.
Where you come across it. Choosing a mortgage: the bank shows the variable, mixed and fixed rates on a single sheet.
A fixed rate for 5, 10 or 30 years is a different figure in each case, and the longer the term, the higher the rate. Repaying a fixed-rate loan early also costs more than repaying a variable-rate one: check your contract to see how much the bank charges for early repayment.
Official website: clientebancario.bportugal.pt