In short
At 11.28% a year, the Banco Central average on new housing loans to individuals in August 2026, a R$ 400,000 loan over 30 years costs R$ 3,730 a month with the Price system (constant payment), or R$ 4,690 in the first month falling to R$ 1,121 with SAC (constant amortization), which costs R$ 296,733 less interest in total. Lenders may finance at most 80% of the appraised value (90% with SAC) under CMN rules; within the SFH, for homes up to R$ 2,250,000, the effective cost is capped at 12% a year.
Price payment at 11.28%, by loan and term
| Loan | 20 years | 30 years | 35 years |
|---|---|---|---|
| R$ 200 thousand | R$ 2,029 | R$ 1,865 | R$ 1,833 |
| R$ 400 thousand | R$ 4,057 | R$ 3,730 | R$ 3,666 |
| R$ 800 thousand | R$ 8,114 | R$ 7,459 | R$ 7,331 |
Monthly rate 0.8946%. Banco Central averages on new housing loans to individuals, August 2026: 14.24% at market rates (SGS 20772), 10.91% at regulated rates (SGS 20773), 11.28% overall (SGS 20774). Selic target: 13.75% since 17 September 2026 (Copom meeting 281).
Before you borrow
General information drawn from the official sources cited and dated on this page. It is not legal, tax or financial advice: for your own situation, ask a licensed professional.
Sources
- Banco Central do Brasil, Copom decisions (historicotaxasjuros)
- Average interest rate on new housing loans to individuals at market rates (SGS 20772): Banco Central do Brasil, SGS 20772 (Banco Central do Brasil open data, ODbL 1.0).
- Average interest rate on new housing loans to individuals at regulated rates (SGS 20773): Banco Central do Brasil, SGS 20773 (Banco Central do Brasil open data, ODbL 1.0).
- Average interest rate on new housing loans to individuals, total (SGS 20774): Banco Central do Brasil, SGS 20774 (Banco Central do Brasil open data, ODbL 1.0).
- CMN Resolution 4,676/2018, art. 6 and 13, as amended by Resolutions 5,197/2025 and 5,255/2025 (Banco Central do Brasil)