German new secured loan rate >€1 million, up to 3 months
German new secured loan rate >€1 million, up to 3 months stood at 3.87% 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, with floating rate or initial rate fixation up to 3 months, SUD174 | 3.87 | 3.81 | 4.1 | 3.55 | 3.58 | 3.73 | 3.38 | 3.38 | 3.58 | 3.7 | |
| Business, Loans to non-financial corporations up to EUR 0.25 million with collateral and/or guarantees, with floating rate or initial rate fixation up to 3 months, SUD162 | 4.79 | 4.62 | 4.31 | 4.42 | 4.36 | 4.18 | 4.42 | 4.57 | 4.31 | 4.29 |
Understanding german new secured loan rate >€1 million, up to 3 months
Substantial corporate credit facilities exceeding EUR 1 million, protected by collateral or guarantees and featuring an initial interest rate lock of three months or less, define this specific dataset. The inclusion of floating-rate arrangements alongside ultra-short fixations ensures the metric captures heavy, secured borrowing exposed to almost immediate repricing. This distinguishes it both from unsecured heavy borrowing and from secured loans boasting longer-term rate stability. By isolating these precise parameters, the indicator reflects the exact cost environment for massive institutional borrowing where lenders require strict asset backing but borrowers accept or demand rapid interest rate variability.
Sequential month-on-month analysis is the most appropriate method for reading this series, as ultra-short fixation periods guarantee that new business rates mirror immediate liquidity conditions rather than seasonal trends. A persistent pitfall is the assumption that these rates dictate long-term corporate debt servicing costs; they represent only the very front end of the yield curve for secured borrowing. Revisions to the published figures are common, given the complex nature of syndicating and collateralizing loans exceeding EUR 1 million. Statistical breaks can materialize if regulatory frameworks alter the technical definition of acceptable collateral, suddenly shifting certain large-scale facilities in or out of this classification.
Frequently asked questions
- Why would a corporation choose an ultra-short fixation for a secured loan over EUR 1 million?
- Borrowers often utilize this structure for bridge financing, working capital, or when they anticipate a near-term drop in broader benchmark interest rates.
- Is the collateral valuation updated throughout the life of the loan?
- While banks monitor collateral internally, this statistical series only captures the financing terms agreed upon at the initial moment the new business contract is executed.
- Do loans rolling over automatically count toward this new business metric?
- A simple rollover of an existing ultra-short facility without active renegotiation of the terms is generally excluded from new business calculations.