Frankfurt The conditions for corporate loans have deteriorated significantly since the beginning of the year. Between December 2021 and the end of March, the average interest rate on five-year loans rose from 1.45 percent to 2.65 percent – an increase of around 80 percent.
This is shown by a study by fintech Teylor, a specialist in digital financing for small and medium-sized enterprises, prepared for the Handelsblatt newspaper. Teylor was supported by the analysis house Barkow Consulting.
The rapid increase took place in two jumps of historic proportions: Between December 19 and February 11, interest rates rose by 0.78 percentage points. In March there was another increase of 0.78 percentage points after interest rates had previously fallen slightly.
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