From 1 August the Bank of Portugal Caps Household Loan Repayments at 45% of Net Income, Narrowing the Door for New Borrowers
From 1 August the Bank of Portugal cuts the cap on household debt repayments from 50% to 45% of net monthly income for new loan assessments. A household earning €2,000 a month sees its maximum repayment fall from €1,000 to about €900, shrinking how much the banks will lend.
