France corporate loans up to one million: over five years
France corporate loans up to one million: over five years stood at 3.72% 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 2000 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 up to EUR 1M with an interest rate fixation period of over five years (new business) | 3.72 | 3.74 | 3.7 | 3.66 | 3.64 | 3.6 | 3.57 | 3.54 | 3.54 | 3.52 | |
| Loans to corporations of over EUR 1M with an interest rate fixation period of over five years (new business) | 3.75 | 3.84 | 3.7 | 3.71 | 3.67 | 3.68 | 3.66 | 3.55 | 3.46 | 3.5 |
Understanding france corporate loans up to one million: over five years
This indicator covers newly agreed bank loans to corporate borrowers up to the specific threshold of one million euros, restricted to financing arrangements where the initial interest rate fixation period extends beyond five years. It isolates smaller business borrowers securing intermediate to long-term cost protection, excluding overdrafts, revolving credit facilities, and loans with variable pricing or shorter lock-in windows. Compared with loans exceeding this financial threshold, this tier often reflects higher credit risk premiums and smaller transaction economies.
Analyzing this metric requires looking at period-on-period changes in newly negotiated contracts rather than outstanding debt volumes, because existing loan pools reflect older financing conditions. Seasonality is generally muted in commercial credit pricing relative to consumer lending, though corporate borrowing activity often dips during holiday months. Revisions to early estimates occur infrequently but can happen if reporting institutions adjust their initial data submissions. Observers must avoid comparing these rates directly with household mortgage figures, as corporate risk profiles and collateral requirements differ fundamentally.
Frequently asked questions
- What size of business borrower does this series isolate?
- It targets corporate borrowers whose individual loan agreements do not exceed one million euros.
- How does the fixation period filter affect the reported rate?
- It includes only those contracts where the agreed interest rate remains fixed for longer than five years, removing short-term floating arrangements.
- Are revolving credit facilities included in these figures?
- No, revolving loans and overdrafts are excluded because the series focuses specifically on structured new lending transactions.