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Interest

Interest rate for individual falls to lowest level since 1995

This article was translated by an automatic translation system, and was therefore not reviewed by people.





Average rate charged on loans stood at 7.08% in August.
This is, according to Anefac, the seventh consecutive reduction.
The interest rate to individuals fell in August to its lowest level since 1995, according to the National Association of Finance Executives (Anefac). The average, which includes all types of credit offered by the market, stood at 7.08% in August, against 7.21% in July. This means that the annual burden fell from 130.58% to 127.25% from one month to another.

Of the six lines of credit to individuals surveyed by the institution, only the credit card remained unchanged interest rates in August. All other forms of loan, such as overdraft, personal loan and charges levied by the trade, fell in the month.

Par legal entities, all lines of credit had reduced interest in the month. The average interest rate fell 0.08 percentage point in August (1.49 percentage point in 12 months). The average interest rate charged on the companies was 3.98% in August, against 4.06% in July. This is the lowest rate since March 2001.

Interest rates for individuals (Anefac)


Line of Credit                monthly rate in July /    monthly rate in August /      Difference
Interest trade                       5.99%                         6.04%                              0.05
Credit                                10.68%                       10.68%                                --
Check Special                   7.44%                         7.38%                                0.06
Credit banks                      2.75%                         2.65%                                0.10
Loan Banks                       5.26%                         5.15%                                 0.11
Loan Financial                11.09%                       10.62%                                 0.47
Average                           7.21%                           7.08%                                 0.13


Interest rate x Selic

The Anefac highlights the reduction of the Selic rate, which has lost 5 percentage points, from 13.75% to 8.75% per year in eight months (between December 2008 and August 2009). Thus, the annual fee of individuals dropped 10.66 percentage points in the period, while the interest for companies, fell 6.96 percentage points over the same period.

For the entity, the trend is taken down until the end of the year, with a view to lengthening the time limit and more interest rate reduction. The market consensus, according to research Anefac, is that the worst of the crisis has passed and with it the risk of default is lower. In addition, the entity sees chance of further reductions in the Selic rate in the future.



Source: G1

This article was translated by an automatic translation system, and was therefore not reviewed by people.

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