Loans

There are various loans in the Netherlands. On this page you will find useful information to discover which loan form is most suitable for you. A few types of loans have been compared below. Benefit directly from the handy comparison that we have made per loan.

A personal loan means that you borrow a fixed amount and pay a fixed interest on it every month. It is not possible to withdraw extra money in between, something that is possible with a revolving credit. A big advantage of a personal loan is that the interest is agreed in advance and does not change during the term of your loan. That way you know exactly where you stand.

Advantages of a personal loan:

  • Fixed amount that you borrow
  • Fixed interest per month
  • Borrow a large amount once

Disadvantages of a personal loan:

  • Not possible to borrow in the meantime
  • Early repayment is fined because the lender loses money from the interest of the term
  • Interest is often higher than with a revolving credit
meer informatie persoonlijke lening
A revolving credit means that you agree on a certain credit limit, on which you pay a fixed percentage every month. However, this payment can fluctuate because the interest is variable over the term. Usual interest rates are between 1 and 3%.

Advantages of revolving credit:

  • Borrow a fixed amount, but also the option to borrow money in the meantime
  • Low interest compared to a personal loan
  • Borrow money flexibly

Disadvantages revolving credit:

  • Interest is variable (sometimes higher than expected)
  • You never know what the total interest cost will be
  • Revolving credit requires discipline to repay
meer informatie doorlopend krediet
A mini loans (also called microcredit, flash loan or payday loan) is a loan that can quickly shut. You can often borrow a small amount that is quickly in your account. A big advantage for you is that you can borrow money quickly and easily. The disadvantage of this, however, is that there is a high interest rate and that the loan must be paid off in the short term, sometimes within a few weeks. Read the other advantages and disadvantages of a mini loan below.

Advantages of the mini loan:

  • Fast money on your account (sometimes within 10 minutes)
  • No BKR review
  • Small amount, so the debt is not too high

Disadvantages of the mini loan:

  • High interest
  • Fast repayment (sometimes within a few weeks)
meer informatie minilening

Borrowing money, costs money. Always consider whether you need the money. It is often wiser to save for a large purchase or wait for your salary.
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