As of July 2024, consumer loans with a maturity date of over five years had the highest interest rate at 8.27 percent. In contrast, the consumer loans with the lowest interest rate were those with collateral or guarantees and a maturity date from up to one year.
Average interest rate on consumer loans in the euro area in July 2023 and July 2024, by maturity
Characteristic
July 2023
July 2024
Over five years with collateral or guarantees
6.66%
6.53%
From one to five years with collateral or guarantees
6%
6.48%
Floating rate and up to one year with collateral or guarantees
Excluding revolving loans and overdrafts, convenience and extended credit card credit.
Supplementary notes
The source indicates that the data "includes non-profit institutions serving households, with the exception of the item on sole proprietors and unincorporated partnerships, which is a breakdown of the household sector only".
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ECB. (September 4, 2024). Average interest rate on consumer loans in the euro area in July 2023 and July 2024, by maturity [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1312823/interest-rates-of-consumer-loans-in-the-euro-area-by-maturity/
ECB. "Average interest rate on consumer loans in the euro area in July 2023 and July 2024, by maturity." Chart. September 4, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1312823/interest-rates-of-consumer-loans-in-the-euro-area-by-maturity/
ECB. (2024). Average interest rate on consumer loans in the euro area in July 2023 and July 2024, by maturity. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1312823/interest-rates-of-consumer-loans-in-the-euro-area-by-maturity/
ECB. "Average Interest Rate on Consumer Loans in The Euro Area in July 2023 and July 2024, by Maturity." Statista, Statista Inc., 4 Sep 2024, https://www.statista.com/statistics/1312823/interest-rates-of-consumer-loans-in-the-euro-area-by-maturity/
ECB, Average interest rate on consumer loans in the euro area in July 2023 and July 2024, by maturity Statista, https://www.statista.com/statistics/1312823/interest-rates-of-consumer-loans-in-the-euro-area-by-maturity/ (last visited December 21, 2024)
Average interest rate on consumer loans in the euro area in July 2023 and July 2024, by maturity [Graph], ECB, September 4, 2024. [Online]. Available: https://www.statista.com/statistics/1312823/interest-rates-of-consumer-loans-in-the-euro-area-by-maturity/
