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Euribor (European Interbank Offered Rate) is the average interest rate for pan-European interbank lending, which changes daily. The home loan interest rate is linked to the personal margin and the Euribor and is therefore variable. Citadele offers Euribor fixing for 6 months. If Euribor has increased during this time, the loan payment will also increase.
Due to the changing interest rate and monthly loan payments, it is important to assess whether it is still possible to successfully pay the loan with a higher monthly payment. For example, for a loan amount of 100 000 EUR taken for a 30-year period, a 1% increase in interest will increase the monthly payments by about 50 EUR. The bigger the loan amount, the greater the effect of the interest rate change on the monthly payment.
If you have already taken or are planning to take a home loan, you can calculate the effect of the interest rate change on your monthly payment in our loan calculator.

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