France corporate loan rate: over EUR 1M, fixation over 1Y
France corporate loan rate: over EUR 1M, fixation over 1Y stood at 3.88% in Aug 2026, according to ECB Data Portal – MFI interest rate statistics (MIR), reported by Banque de France. It is one of the indicators in the Bank interest rates and new loans table (Value · Monthly), with a complete series running from Jan 2003 to Aug 2026. The complete series with an interactive chart, free to download.
This indicator in the Bank interest rates and new loans table
| Indicator | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All loans | |||||||||||
| Loans to corporations of over EUR 1M with an interest rate fixation period of over one year (new business) | 3.88 | 3.89 | 3.71 | 3.74 | 3.6 | 3.64 | 3.63 | 3.58 | 3.45 | 3.46 | |
| Loans to corporations of up to EUR 0.25M with an interest rate fixation period of over one year (new business) | 4.17 | 4.18 | 4.18 | 4.12 | 4.08 | 4.04 | 4.03 | 4.01 | 4.08 | 4.06 |
Understanding france corporate loan rate: over EUR 1M, fixation over 1Y
Documenting medium-term financing conditions for large-scale corporate borrowers, this indicator records interest rates on newly issued bank loans exceeding one million euros with an initial interest rate fixation period of over one year. It excludes smaller commercial loans and very long-term agreements, focusing strictly on substantial corporate contracts carrying moderate rate lock-in durations. This segmentation allows observers to isolate the borrowing costs faced by major enterprises accessing intermediate-term credit.
Proper interpretation of these figures relies on analyzing period-on-period movements in newly agreed loan contracts rather than stock measures of total outstanding corporate debt. Monthly data can exhibit volatility driven by the timing of individual large corporate transactions rather than systematic economic shifts. Early estimates may undergo routine revisions when reporting banks finalize their monthly submissions. Comparisons with smaller loan tiers reveal the pricing advantage typically enjoyed by institutional borrowers due to larger transaction scales.
Frequently asked questions
- What loan size threshold applies to this series?
- Only corporate loans with a principal amount greater than one million euros are included.
- What fixation duration characterizes these credit agreements?
- The interest rate fixation period must exceed one year.
- Why might monthly figures show sudden volatility?
- The inclusion of a few very large corporate loan contracts can influence the weighted average rate for that specific month.