Interest rates on business loans stabilized in the 2nd quarter in Reunion, according to the Overseas Departments Emission Institute.
Rates on equipment loans (3,96 %) are in slight decline, those on real estate loans (3,81 %) are stable while the rates on maturing cash credits (4,43 %) are falling. All business loan rates have decreased over one year. At the same time, personal loan rates continued to ease. The average rate of home loans falls again and stands at 3,10 %, for an average amount of 150,000 euros borrowed. Likewise, the average consumer credit rate is falling, at 6,23 %.
