The following analyzes show the development of the interest rates on new mortgage loans in Luxembourg in 2022. The data on which these analyzes are based are updated on a monthly basis. They are based on figures from the Banque Centrale du Luxembourg (BCL).
The interest rates are divided into the following categories:
- Variable and fixed interest rate up to 1 year
- Fixed interest for more than 1 year up to 5 years
- Fixed interest rates for more than 5 years up to 10 years
- Fixed interest rate for more than 10 years
In general, the change in interest rates from one month to the next is very small. Although the figures from the Luxembourg Central Bank are always published with a delay of one to two months, they reflect the current market situation quite well and therefore enable you to estimate whether your interest rate corresponds to the current market situation.
|Duration of the fixed interest period||Current rate
|Variable interest rate and initial fixed interest rate for 1 year or less||1,31 %||-0,02 %|
|Initial fixed interest rate for more than 1 year up to and including 5 years||1,61 %||+0,31 %|
|Initial fixed interest rate for more than 5 years up to and including 10 years||1,66 %||+0,17 %|
|Initial fixed interest rate for more than 10 years||1,89 %||+0,18 %|
According to the latest figures updated by the Central Bank of Luxembourg on June 1, 2022, interest rates for variable mortgages and those fixed for short periods of up to 1 year have fallen slightly compared to the previous month, these rates reached an average of 1.31%. Rates fixed for short durations between 1 and 5 years increased by 0.31%. They went to 1.61%. Rates set for an initial term between 5 and 10 years rose 0.17% from the previous month to 1.66%. The average rate fixed for long terms of 10 years and more has also increased. These rates increased to 1.89% on average in April 2022.
Please note that these interest rates correspond to the interest rates registered by the BCL. These reflect the actual market situation. However, the numbers are delayed by at least a month. Due to the current strong upward trend, you must therefore assume that your bank's interest rates can deviate by up to 1% from the interest rates given here.
Some banks adjust their interest rates weekly. Most banks also agree to negotiate interest rates. The interest rate that you can expect for your mortgage loan depends on whether you choose a fixed or variable interest rate and, if you choose a fixed interest rate, also on the duration of the fixed rate. So, we can only tell you what interest rate you will receive if we know all the details of your project. The best way to get an interest rate is to request a free quote. If you want that we can negotiate for you, the best interest with our partner banks, it is best to provide us with complete documents. In this way, we can best convey the quality of your project to our partner banks. A request for an offer for a mortgage loan is of course free of charge and non-binding.