Consumer loans: the best rates in Luxembourg
Loan rates updated in August 2026
Contents:
How do you choose a personal loan in Luxembourg?
Start by finding the best rate for your loan
In Luxembourg, consumer credit rates vary widely from one bank to another. They also depend a great deal on the economic climate: last year, they rose sharply due to the increase in central bank interest rates. We advise you to compare the offers in our selection (at the top of this page) to find the best rate for your situation.
Attention The rates given above are those communicated by the banks on their websites. They will then have to be personalised to take account of your financial situation and your current level of debt. It is therefore possible that you will not benefit from the rates shown in our selection of offers.
How can I compare consumer loans?
Comparing personal loan offers couldn't be easier. All you have to do is :
- Find the best rate (we display the offer with the most attractive rate in our selection at the top of this page)
- Briefly check the advantages of the loan offerwhich is displayed at the bottom of each offer
- Contact the bank and ask for a personalised rateby clicking on the See offer" .
The bank will then be able to tailor your loan rate to suit your situation. It will also tell you about any additional charges that may apply (application fees, loan insurance).
Why take out a personal loan?
There are several reasons why you might consider taking out a consumer credit.
- If you want to furnish your flat : you'll need to spend a lot of money quickly. So you need an income to pay for your new sofa, dining table, kitchen or TV cabinet.
- If you want to buy household appliances or multimedia equipment. Need a new washing machine? A washing machine? A new television? A new iPhone or Mac? If you don't want to wait to save up to buy these items, you can take out a consumer credit.
These are just a few examples, but there are as many reasons for taking out a personal loan as there are situations. Consumer credit is used to buy furniture, appliances, decorative items or any other consumer good.
There are a few things to bear in mind if you have other projects in mind:
- If you want to buy a new carFor more information, please consult our ranking of the best car loans in Luxembourg.
- If you need to make important renovation work in your home, consult this comparison.
Are consumer loans more expensive in Luxembourg?
Consumer credit rates are not necessarily higher or lower than in the countries bordering Luxembourg (France, Germany, Belgium). However, they do vary much more quickly depending on the economic climate. If you want to take out a personal loan, we therefore advise you to analyse the offers regularly.
Tax deductions and eligibility
Consumer credit in Luxembourg: what are the tax benefits?
The Grand Duchy's tax authorities allow you to deduct certain costs from your tax bill. This is the case for the civil liability part of your home insurance, or for your car insurance. This is also the case for interest charges on your current loans (personal loan, car loan, building loan, mortgage, etc.).
You can deduct all these costs from your tax return, provided you do not exceed a maximum of 672 per year. So, if you already deduct your insurance, it's likely that you won't be able to deduct all the interest you pay on your loan. That's why it's important to find the best rate for your consumer credit, so that you can minimise your interest costs.
To find out more, don't hesitate to ask your bank for advice: they'll be able to help you.
Who can apply for consumer credit in Luxembourg?
Anyone can apply for consumer credit from Luxembourg credit institutions (BIL, BGL, ING, Spuerkeess, Raiffeisen). However, the conditions for granting the loan and the personalised rate will depend mainly on two factors:
- Your professional situation (your income and the type of employment contract you have: if you don't have a stable job, you'll find it difficult to take out a consumer credit loan)
- Your debt the date on which you apply for the loan (if you already have other outstanding loans, it will be more difficult for the bank to offer you an attractive rate)
Other criteria, such as age, may also be taken into account when calculating the rate.
Charges for consumer loans
The interest rate isn't everything (although it does have a major impact on the cost of the loan). Here are all the additional parameters to take into account when applying for a loan:
- Application fees (often offered by the bank)
- The insurance rate (because you will have to pay insurance to cover the bank if you are unable to repay your monthly instalments)
All these elements together make up the APR (or Annual Percentage Rate). This rate includes all the charges and costs associated with consumer credit. It is this rate that we compare on all the offers displayed on this site.
However, there may be other charges which will be imposed on you when you open the loan (such as bank account opening charges, account maintenance charges, etc.). In fact, some banks may make the granting of a loan conditional on the opening of a bank account with them. These are costs to be taken into account, as they can have an impact on the choice of consumer credit offer.
We recommend that you check these points carefully with the bank of your choice, after comparing consumer credit offers.
All consumer credit offers in August 2026
| Consumer Credit | Rates | Description of the offer |
|---|---|---|
| BGL BNP Paribas Personal Loan See the offer | 4,54% | - Loans of up to €75,000 for 12 to 60 months - Preferential rate for green mobility projects - Online loan application |
| Raiffeisen Personal Loan See the offer | 4,59% | - R-Classic personal loan up to €75,000 for 12 to 60 months - Attractive fixed rate - Tax deductibility of interest expense |
| Spuerkeess Personal Loan See the offer | 5,40% | - Loans of up to €100,000 for 12 to 60 months - Attractive rates for Zebra Premium customers - Online loan application |
| BIL Personal Loan See the offer | 5,48% | - Loans of up to €75,000 for 1 to 5 years - Special rate for young people under 30 - Tax deductions on interest expense |
Frequently asked questions (FAQ)
What is the consumer credit rate?
The average rate for a personal loan in Luxembourg varies greatly from month to month and depending on the economic climate.
We advise you to compare consumer credit rates carefully to make sure you get the best deal for your project.
Which bank makes it easy to get a consumer loan?
In Luxembourg, most banks (BIL, BGL, Spuerkeess) are happy to issue consumer credit, as long as you are in a good position and have a small capital contribution.
If you have an open-ended contract and a little money to spare, you'll have no problem getting your personal loan.
What is the lowest rate for consumer credit in Luxembourg?
The lowest rates depend heavily on the nature of your project, the planned repayment period and the economic climate.
If you are on a fixed-term contract, work-linked training scheme or unemployed, the rate offered by the bank will probably be higher, or you will be able to borrow less money.
Some banks may also offer you a reduction on your consumer credit rate if you are a customer with them.
Who can lend me money?
In Luxembourg, banks offer loans to cover all your life projects.
If you want to buy a car: take out a car loan.
If you're looking to buy electrical goods, a computer, a smartphone or furniture, look for the best consumer credit.
Finally, if you're planning to renovate your house or flat, home improvement loans are for you.
Which credit company lends easily?
Luxembourg banks (BIL, BGL, Spuerkeess, Raiffeisen) lend easily, provided you are solvent and employed. All you have to do is compare offers to find the best rate, apply for a loan on the bank's website, and send the necessary documents to confirm the loan.
The credit will then be released within a few days.
How do you calculate your consumer loan?
To calculate the cost of your personal loan, here's the formula: cost of consumer credit = monthly instalments x loan period - amount borrowed
What term should I choose for a consumer credit?
Consumer credit is repaid over a period of between 12 and 60 months (from 1 to 5 years). The longer your consumer credit lasts, the lower your monthly repayments will be, but the more expensive your loan will be.
To find the ideal monthly payment, do a loan simulation on the website of the bank of your choice.
How do I obtain a consumer credit?
All you have to do is apply for a consumer credit online, by visiting the website of the bank of your choice. The credit institution will then ask you for additional information (such as your payslip or employment contract).
Then you can sign your loan.
The sums borrowed will be released within a few days.
How long does it take on average to obtain a consumer loan?
In Luxembourg, it takes between 2 and 3 days to get the money for the personal loan into your bank account.
What is the maximum loan amount for a consumer credit?
For a consumer credit, you can borrow a maximum of €100,000, repayable in 12 to 60 months.
However, some banks only allow you to borrow up to a maximum of €50,000 or €75,000.
How do I apply for a personal loan?
To apply for a personal loan, choose the bank offering the best rate, then apply for your loan online, directly on the bank's website.
What is consumer credit?
Consumer credit is a loan of money granted to you by a credit institution for a specific purpose. It can be used to furnish your flat, buy household appliances or multimedia equipment (smartphone, computer, tablet, console), or to make an immediate downpayment on your mortgage.
If you want to buy a car or finance work on your flat or house, there are special loans available at attractive rates.
Can consumer credit be suspended?
Consumer credit can be suspended, but be sure to read your contract carefully: you will probably have to repay the sums and pay penalties.
If you have just signed the contract and have not yet received the money, there is still time to cancel the consumer credit without incurring too many charges.