In short
In September 2026, 17 banks reported new housing loans to individuals to the Banco Central do Brasil. For regulated (SFH) loans indexed to the TR, the lowest average rate was Caixa Economica Federal's (TR + 7.98% a year) and the highest Itaú Unibanco's (TR + 11.87%), across 13 banks. At market rates indexed to the TR, the range ran from TR + 9.39% (Banco do Estado do RS) to TR + 14.49% (Banco do Brasil). These are averages of the loans actually signed in the month, not offers.
Regulated rates (SFH), plus TR
| # | Bank | Annual rate | Monthly rate |
|---|---|---|---|
| 1 | Caixa Economica Federal | TR + 7.98% | 0.64% |
| 2 | Banco Inter | TR + 9.66% | 0.77% |
| 3 | Banco Sicoob | TR + 10.01% | 0.80% |
| 4 | Banco do Estado do RS | TR + 10.35% | 0.82% |
| 5 | Banco Cooperativo Sicredi | TR + 10.50% | 0.84% |
| 6 | Banco do Estado de SE | TR + 10.54% | 0.84% |
| 7 | APE Poupex | TR + 10.61% | 0.84% |
| 8 | Banco do Brasil | TR + 10.61% | 0.84% |
| 9 | Banco Banestes | TR + 10.62% | 0.84% |
| 10 | BRB - Banco de Brasilia | TR + 10.65% | 0.85% |
| 11 | Banco Bradesco | TR + 11.77% | 0.93% |
| 12 | Banco Santander (Brasil) | TR + 11.85% | 0.94% |
| 13 | Itaú Unibanco | TR + 11.87% | 0.94% |
Annual rate added to the TR; 13 banks reported loans of this type in September 2026.
Market rates, plus TR
| # | Bank | Annual rate | Monthly rate |
|---|---|---|---|
| 1 | Banco do Estado do RS | TR + 9.39% | 0.75% |
| 2 | Banco Bari | TR + 9.53% | 0.76% |
| 3 | Banco Banestes | TR + 10.72% | 0.85% |
| 4 | Banco Sicoob | TR + 10.79% | 0.86% |
| 5 | Banco do Estado de SE | TR + 11.12% | 0.88% |
| 6 | Banco Cooperativo Sicredi | TR + 11.56% | 0.92% |
| 7 | Caixa Economica Federal | TR + 12.05% | 0.95% |
| 8 | Itaú Unibanco | TR + 12.14% | 0.96% |
| 9 | Banco Bradesco | TR + 12.24% | 0.97% |
| 10 | Banco Santander (Brasil) | TR + 12.31% | 0.97% |
| 11 | Banco Inter | TR + 12.91% | 1.02% |
| 12 | Banco do Brasil | TR + 14.49% | 1.13% |
Annual rate added to the TR; 12 banks reported loans of this type in September 2026.
Regulated rates (SFH), fixed
| # | Bank | Annual rate | Monthly rate |
|---|---|---|---|
| 1 | Caixa Economica Federal | 10.94% | 0.87% |
| 2 | APE Poupex | 14.27% | 1.12% |
Fixed annual rate; 2 banks reported loans of this type in September 2026.
Market rates, fixed
| # | Bank | Annual rate | Monthly rate |
|---|---|---|---|
| 1 | Caixa Economica Federal | 10.94% | 0.87% |
| 2 | Banco XP | 14.57% | 1.14% |
| 3 | Banco Santander (Brasil) | 15.04% | 1.17% |
| 4 | APE Poupex | 18.62% | 1.43% |
Fixed annual rate; 4 banks reported loans of this type in September 2026.
Regulated rates (SFH), plus IPCA
| # | Bank | Annual rate | Monthly rate |
|---|---|---|---|
| 1 | Caixa Economica Federal | IPCA + 4.84% | 0.39% |
| 2 | Banco Sicoob | IPCA + 8.85% | 0.71% |
| 3 | Banco do Brasil | IPCA + 11.03% | 0.88% |
Annual rate added to IPCA inflation; 3 banks reported loans of this type in September 2026.
Market rates, plus IPCA
| # | Bank | Annual rate | Monthly rate |
|---|---|---|---|
| 1 | Banco Semear | IPCA + 9.19% | 0.74% |
| 2 | Banco Bari | IPCA + 14.69% | 1.15% |
| 3 | Banco Daycoval | IPCA + 15.48% | 1.21% |
Annual rate added to IPCA inflation; 3 banks reported loans of this type in September 2026.
Caixa over twelve months (SFH, plus TR)
| Month | Annual rate | Rank |
|---|---|---|
| September 2025 | TR + 7.53% | 1 / 13 |
| October 2025 | TR + 7.58% | 1 / 13 |
| November 2025 | TR + 7.57% | 1 / 14 |
| December 2025 | TR + 7.86% | 1 / 14 |
| January 2026 | TR + 7.86% | 1 / 13 |
| February 2026 | TR + 7.88% | 1 / 13 |
| March 2026 | TR + 8.65% | 1 / 14 |
| April 2026 | TR + 8.13% | 1 / 14 |
| May 2026 | TR + 8.03% | 1 / 14 |
| June 2026 | TR + 8.06% | 1 / 14 |
| July 2026 | TR + 8.09% | 1 / 14 |
| August 2026 | TR + 8.10% | 1 / 14 |
| September 2026 | TR + 7.98% | 1 / 13 |
How to read these rates
Each rate is the average interest rate of the housing loans to individuals that the bank signed during the month, as published by the Banco Central do Brasil, and its rank among the banks that reported such loans. A bank that signed no loan of a type in a month does not appear. Rates exclude insurance and fees: compare offers with their CET (custo efetivo total). Try a loan in the mortgage calculator.
Questions
Which bank had the lowest SFH mortgage rate in September 2026?
Caixa Economica Federal, with an average of TR + 7.98% a year on regulated loans indexed to the TR (Banco Central do Brasil).
Is the rate shown the total cost of the loan?
No. For loans indexed to the TR or to IPCA inflation, the published rate is added to that index. It is also an average interest rate: it excludes insurance and fees, which the CET (total effective cost) of your offer includes.
How has Caixa's rate moved over the year?
On regulated loans indexed to the TR: September 2025 7.53%, then September 2026 7.98%.
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, Taxas de juros de operações de crédito, médias mensais por instituição financeira (API Olinda, taxaJuros v2, TaxasJurosMensalPorMes). Banco Central do Brasil open data, ODbL 1.0.