Portugal Interest Subsidy: Help for High Euribor

Note: This content is specific to the Portuguese mortgage market.

With most mortgages in Portugal linked to the Euribor, many families have seen their monthly payments double. To prevent defaults, the government introduced the Bonificação de Juros (Interest Subsidy).

How it works

If your interest rate exceeds 3%, the State pays a portion of the interest above that threshold directly to the bank.

• Subsidy Amount: 50% or 75% of the additional interest caused by the rate hike.
• Cap: Up to €800 per year.

Eligibility

1. Loan: Permanent residence mortgage contracted before 2023.
2. Income: Annual household income up to the 6th IRS bracket (approx. €39k).
3. Effort Rate: The mortgage payment must consume more than 35% of your net monthly income.

If you meet these criteria, contact your bank immediately to apply.

👉 Calculate your Effort Rate (Taxa de Esforço)