The review of housing loans can be carried out when the interest rate reaches 36% or when there is an increase of five percentage points, according to the diploma approved this Thursday by the Council of Ministers.
The Decree-Law, which will apply from the date of entry into force and throughout the year and 2023, regulates the negotiation process between banks and customers on loans for own and permanent housing, seeking to mitigate the impact of interest rate hikes on household net income.
These details were put forward by Finance Minister João Nuno Méndez at the usual “briefing” of the Council of Ministers, who also stressed that a review should take place when the effort level exceeds 50%.
Author: Lusa
Source: CM Jornal
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