German business loan rates, over €1 million, over 5 years
German business loan rates, over €1 million, over 5 years stood at 3.44% 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 5 years, SUD529 | 3.44 | 3.65 | 3.57 | 3.39 | 3.43 | 3.42 | 3.2 | 3.2 | 3.42 | 2.98 | |
| Business, Loans to non-financial corporations over EUR 1 million with collateral and/or gurantees, initial rate fixation of over 5 and up to 10 years, SUD178 | 3.57 | 3.83 | 3.55 | 3.34 | 3.47 | 3.74 | 3.36 | 3.32 | 3.38 | 3.3 |
Understanding german business loan rates, over €1 million, over 5 years
Heavyweight industrial financing contracts requiring pledged securities and long-term pricing stability are captured within this metric. It isolates freshly signed corporate loans surpassing the one million euro mark, provided they lock the interest rate for a duration stretching past five years. The requirement for collateral sets this apart from unsecured syndicated loans, while the lengthy fixation period distinguishes it from floating-rate working capital lines. This specific combination reveals how large enterprises finance major capital expenditures like new factories or fleet acquisitions without exposing their balance sheets to short-term rate volatility.
Assessing shifts in this cost of capital demands a year-on-year analytical framework, as major corporate borrowing cycles unfold over quarters rather than weeks. Seasonal patterns are muted, though a concentration of large deals closing in the final quarter can sometimes sway the weighted average. Initial prints rarely face substantial revisions due to the highly structured nature of these large-ticket transactions. Users must be careful not to use this as a proxy for the entire corporate sector's immediate financial health, as the pricing primarily reflects long-term economic expectations and the quality of the pledged underlying assets.
Frequently asked questions
- Does this indicator track the cost of temporary working capital?
- No, the lengthy initial rate fixation period implies these funds are utilized for major, long-term capital investments.
- Are small enterprise loans captured in these figures?
- The strict volume floor restricts the data to large-scale credit facilities, excluding smaller corporate borrowing.
- What role does collateral play in this metric?
- Tangible assets or guarantees are mandatory for inclusion, which typically lowers the risk premium compared to unbacked lending.