The latest financial situation note from the Issuing Institute of Overseas Departments on credit rates in Reunion highlights the stability of the average rate of equipment loans between April and July 2021 : 1,65%, i.e. 43 basis points above the rate observed at the national level. These credits are, for almost all, subscribed at a fixed rate, for an average duration of more than 12 years and an average amount of 230,000 euros. Like the developments observed at the national level, the average rate of matured cash credits increases by 35 basis points between April and July 2021. This increase comes from the contraction in state-guaranteed loans, granted at low rates, and the resumption of other cash credits. The average rate is 1,46 %, as at national level. 80% of these loans are taken out at a fixed rate, for an average duration of less than 3 years. In the field of personal loans, the average rate of new housing loans contracts by 4 basis points. It now stands at 1,19%, new historical low point. The average duration of this type of loan is just over 20 years for an average loan amount of 157,000 euros.. The average rate of personal loans and other consumer credits fell by 18 basis points over the quarter.. The average duration of these personal loans is 5 years, for an average amount of 17,500 euros.
