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
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)