German business loan rates, over €1 million, 3 to 12 months
German business loan rates, over €1 million, 3 to 12 months stood at 3.51% in Aug 2026, according to Deutsche Bundesbank. It is one of the indicators in the Bank interest rates table (Value · Monthly), with a complete series running from Jun 2010 to Aug 2026. The complete series with an interactive chart, free to download.
This indicator in the Bank interest rates table
| Indicator | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loans to non-financial corporations with collateral or guarantees | |||||||||||
| Business, Loans to non-financial corporations over EUR 1 million with collateral and/or guarantees, initial rate fixation of over 3 months and up to 1 year, SUD175 | 3.51 | 3.55 | 3.7 | 3.59 | 3.9 | 3.53 | 3.47 | 3.46 | 3.59 | ||
| Business, Loans to non-financial corporations up to EUR 0.25 million with collateral and/or guarantees, initial rate fixation of over 3 months and up to 1 year, SUD163 | 5.41 | 4.26 | 5.09 | 4.24 | 4.1 | 4.12 | 3.68 | 3.88 | 3.57 | 4.67 |
Understanding german business loan rates, over €1 million, 3 to 12 months
Heavy-duty corporate credit facilities strictly locking in rates for more than three months up to a single year are tracked here, requiring a principal above EUR 1 million. The methodology mandates the presence of collateral from the non-financial enterprise. By carving out this precise sub-one-year window, the series filters out pure floating-rate volatility and overnight lending, while still capturing the essence of short-term institutional borrowing. It serves as a vital barometer for how major corporations fund their immediate operational cycles or bridge significant acquisitions before arranging permanent, long-term capital structures.
Tracing the path of these short-duration rates requires a month-on-month analytical framework, as these figures react with near-immediate precision to prevailing central bank liquidity adjustments. Year-on-year comparisons are secondary, mostly useful for mapping broader macroeconomic cycles rather than current borrowing conditions. Because the fixation period is so brief, the rates closely track sovereign short-term bills. A common analytical error is confusing this highly reactive new-business metric with the aggregate outstanding debt of large corporations, which moves at a glacial pace compared to the sharp, decisive fluctuations captured in these fresh, large-scale agreements.
Frequently asked questions
- Why are loans under three months excluded from this specific row?
- Contracts under three months or those with fully floating rates are funneled into a separate, more volatile statistical bucket.
- Can revolving credit facilities influence this average?
- If a distinct, collateralised drawdown from a facility explicitly locks a rate for this three-to-twelve-month window, it qualifies as new business.
- How do central bank rate decisions impact this metric?
- Given the short duration, pricing in this category heavily and almost instantly mirrors the shifting base rates set by monetary authorities.