Iédom published in March the latest figures on credit rates practiced in Reunion, which firstly show a rise in business loan rates in the 4th quarter of 2020, after several months of decline. Average interest rates increase between July and October 2020 for all types of business credit. This rise in rates is also observed on a national scale.. The average interest rate for equipment loans is 1,68%, up 48 basis points compared to July 2020. The new equipment credits are, for almost all, subscribed at a fixed rate, for an average duration of approximately seven years. The average rate of matured cash loans continues to rise, going from 0,32% in April, 0,87% in July to 1% in October 2020. In this credit category, State-guaranteed loans still represent half of the credits granted. The production of loans to individuals has also returned to its pre-crisis level after the low observed during confinement. The average rate of new home loans stabilizes at a low level (1,38% in October 2020) and this since April 2020. The average duration of this type of loan is twenty years for an average loan amount of 145,000 euros.. The average rate of personal loans and other consumer credits fell by 33 basis points over three months and stood at 3,05% in October 2020. The average duration of these personal loans is five years, for an average amount of 19,000 euros.
