HOUSING loan interest rates continued to fall in December along with the rates for consumer loans, Central Bank data showed yesterday. However, interest rates for business loans of up to a million euros rose at the end of last year after a fall last August. Interest rates for housing loans dropped to 4.67 per cent in December from 4.71 per cent the previous month. Adding other bank charges raises the rate to 4.93 per cent as opposed to 4.99 per cent in November. Rates on consumer loans also dropped to 6.0 per cent from 6.57 per cent in November. On the other hand, the interest rate on business loans of up to a million euros rose to 6.0 per cent in December from 5.62 per cent the previous month. The interest rate on business loans of over a million reached 5.23 per cent compared with 4.26 per cent. The interest rate on one year fixed-term deposits for households also went up – 2.23 per cent from 2.20 per cent, as did the two-year deposit, 4.08 per cent from 3.37 per cent. The rate for three-month deposits dropped slightly in December – 1.84 per cent from 1.85 per cent. Send to Kindle
Most Popular Stories
- Reid: Bundy Backers Are 'Domestic Terrorists'
- Twitter Offers App Install Ads
- 'Boats 'N Hoes' PAC Sunk by Complaint
- Judge Tells Dad to Quit Emailing His Kids in All Caps
- Natural Gas Shoots Up on Bullish Stockpile Report
- Michaels Data Breach May Affect 2.6 Million Cards
- Legalize Marijuana But Not Hard Drugs, Say Americans
- Naya Rivera and Lea Michele: The 'Glee' Fight That Never Was?
- Larry Flynt Won't Stop Sending Porn to Congress
- Ex-BP Employee Settles Insider Trading Charges