Inflation, how much are mortgage and loan repayments going up?

Inflation is the generalized increase in prices: and we find it not only when we shop or pay bills, but also when we borrow money: we pay more interest. And the trend is destined to last. Let’s see how much and how.

When the ECB raises the cost of money, in its meeting on October 27, the mortgage payments will increase by approximately 50 euros (for a medium-sized loan, 140 thousand euros at 20 years). This is what emerges from a Mutuionline report which is based on the scenario at the most probable moment: a 0.75% rate hike by Lagarde at the end of the month.

For an installment of around 670 euros, an increase of 50

If this is the case, those who have a variable rate mortgage will see their monthly installment increase: in the simulation, it rises by about 50 euros per month. And those who want to open one now, will find the same rates as the existing contracts, unless the banks increase their spreads, that is, that part of interest that they keep fixed for themselves, but at the moment there does not seem to be a generalized increase in sight. For those who have a fixed-rate loan in progress, obviously nothing changes. But who wants to sign one now, hurry up: market conditions have already worsened compared to before the summer, now the best offers are close to 3% (many already exceed it) and by the end of October they could approach 4%: in the simulation , the monthly payment is more than 50 euros higher, or 7% more than at the end of September.

Personal loans, rates rise 6% true

Similar music for personal loans: according to the latest survey by, for loans related to the most common causes, typically at a fixed rate (e.g., the purchase of durable goods such as cars and appliances, or to travel and holidays) the best rate on the market today is close to 5.9%, compared to 5.7% a year ago. Over the same period of time there is an increase in the average denomination requested (from 9 to 10 thousand euros) and a decrease in the average age of applicants (from 42 to 40 years, a robust drop, more than what appears)