Types of loans

Revolving credit

A revolving credit (doorlopend krediet) is a loan with a credit limit agreed in advance. The monthly instalment consists of an interest part and a repayment part, and the interest rate is variable. Along the way you can withdraw again from the credit, up to the agreed limit. The term of the loan therefore depends on the amounts you withdraw and the part you repay.

Key features

• Repay without penalty.
• A statement every month with the state of affairs.
• What you have repaid, you can withdraw again.
• Variable interest rate.
• Tailor-made options, depending on your personal situation.

Personal loan

With a personal loan (persoonlijke lening) you choose a term, the size of the loan and an interest rate. The fixed monthly instalment follows from that. The monthly payment consists of an interest part and a repayment part.

Key features

• No withdrawals along the way.
• You know exactly where you stand: term, rate and monthly amount are fixed.
• Repaying early without penalty is not possible.
• You can choose a term of 12 to 120 months.

Interest-only credit

An interest-only credit (rentekrediet) is, like the revolving credit, a loan with a credit limit agreed in advance. The interest rate is variable and is calculated monthly on the outstanding balance. There are no repayments, unless you want to repay or an age limit is reached.

Key features

• Repay without penalty.
• A statement every month with the state of affairs.
• What you have repaid, you can withdraw again.
• Variable interest rate.
• After five years the credit is extended, or you start repaying.

Financial lease

Financial lease is a credit option for business clients. A lease construction finances business assets in a way that makes the most of the client's financial possibilities. Think in particular of cars and company vehicles.

Hire purchase

Hire purchase (huurkoop) is a loan tied to an object. That means the size of the loan is determined by the purchase price of the object. The term, rate and repayment are fixed in advance. Withdrawing along the way is not possible. After the final instalment, the client becomes the owner of the object.