Central Bank of Luxembourg reports provisional April lending and deposit rates with household variable mortgages at 3.12% and large corporate loan rates down to 2.51%

The Central Bank of Luxembourg published provisional April 2026 average interest rate data for new loan and deposit contracts offered by Luxembourg credit institutions to households and euro area non-financial corporations. The main moves were a 5 basis point rise in the variable household mortgage rate to 3.12% and declines in variable corporate lending rates to 3.30% for loans of up to EUR 1 million and 2.51% for loans above EUR 1 million. New lending volumes fell at the same time, with newly granted variable household mortgages down to EUR 246 million and new corporate lending above EUR 1 million down to EUR 2.603 billion. Across household products, the fixed mortgage rate for initial fixation over one year and up to five years edged down to 3.53%, while the equivalent rate for over five and up to ten years rose to 3.83%. For mortgages with initial fixation above ten years, rates ranged from 3.64% to 3.95% depending on the fixation bucket, and monthly volume fell to EUR 183 million. Consumer credit rates for initial fixation over one year and up to five years rose sharply to 4.80% as volumes dropped to EUR 27 million. Household term deposit rates with an initial maturity of up to one year fell to 1.58%. For non-financial corporations, the volume of new loans up to EUR 1 million fell to EUR 116 million, and the term deposit rate for maturities of up to one year edged down to 1.94%.