is grounded, to the extent possible, in euro money market transactions that reflect the Underlying Interest, i.e. the rate at which wholesale funds in euro could be obtained by credit institutions in the EU and EFTA countries in the unsecured money market.
is published on every TARGET day, at or shortly after 11.00 Brussels time, for each of its Defined Tenors: 1 week, 1 month, 3 months, 6 months and 12 months.
benefits from a solid Governance Framework, and is calculated following the hybrid methodology described in the Benchmark Determination Methodology for EURIBOR®
. The latter consists of a three-level waterfall, which prioritises the use of real transactions whenever available and appropriate. In the absence of transactions in the Underlying Interest, the hybrid methodology relies on other related market pricing sources to ensure EURIBOR®’s robustness. Furthermore, an assessment of the determination methodology for EURIBOR®
is performed by EMMI every year.
|Loan Products interest rates
|Luminor base rate (Luminor Prime)
||0,80% per 360-days year
Luminor Prime base interest:
- Luminor Prime base interest is primarily meant as the base interest rate for long repayment period private loans (for example housing loans).
- Luminor Prime base interest follows the situation on the market at a moderate pace, offering a more stable interest rate fluctuation than money market interest rates for example.
- Base interest rate is affected by current short and long-term money market interest rates, the legal environment and interest rate expectations, inflation forecasts and general trends in economic development.
- Luminor Prime base interest rate is determined by Luminor council.
Overdraft base interest rate
|Overdraft base interest rate
|Base rate for overdrafts
||10.95% per 360-days year