Consumer credit

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Are you looking for a consumer credit? Consumer credit is a type of loan intended for consumers to finance, for example, a new car, new washing machine, extra money for unforeseen expenses or a nice trip. The minimum loan amount is around 1500 euros to 2500 euros and is generally more than a mini loan. In addition, the maximum loan amount is around 50,000 to 75,000 euros and is generally lower than a mortgage loan. On this page we explain the possibilities of a consumer credit.

Forms of consumer credit

Forms of consumer credit

Consumer credit is also known as consumer credit or commodity credit. The most well-known loan form is the personal loan, revolving credit and the credit card. This allows you to borrow a sum of money from 1500 euros to 2500 euros or 5000 euros depending on the provider of the loan. For most lenders, a maximum amount of 75,000 euros applies. Finally, standing in red on your personal bank account, financial lease car and purchasing installments are also forms of consumer loan.

Apply for consumer credit

Apply for consumer credit

Do you want to take out a loan to buy a new car or for an unexpected expense? Then applying for a consumer credit is possible in the form of a personal loan or a revolving credit. Relatively speaking, these are the cheapest loans with low interest rates and these have a term of 24 months to 108 months for the larger loans.

Amount and duration of the loan

Amount and duration of the loan

Depending on the type of loan you want to apply for, there are a number of similarities for consumer credit. For example, it is possible to request a loan from 1500 euros and the maximum amount that you can borrow is 75000 euros. In addition, the term of the loan depends on the amount of your amount, but will always be between 1 and 2 to 9 years. This gives you sufficient time to repay the loan.

Conditions for consumer credit

Conditions for consumer credit

If you want to apply for a loan, you must meet the conditions of the lender. For consumer credit, this is generally the same for all providers.

The conditions:

  • You must be at least 18 years old, in some cases 21 or 25 years old.
  • The maximum age at which you can take out a loan is between 65 and 67 years
  • You must have a stable income.
  • You may not have high debts or very high fixed costs.
  • You may not have a negative BKR registration.
  • You may not receive benefits (WW / ABW / WWB)
  • You must be resident in the Netherlands (nationality)
  • You may not be a single person with temporary employment

Intermediary services

Geldshop and Kredietspotter are one of the largest intermediaries in the Netherlands in the field of loans to consumers for the purchase of consumer goods. Think of cars, renovations, caravan, boat etc. They have up-to-date knowledge of the market and can send you a free and non-binding offer from all lenders. This saves you a lot of time and makes it easy to make an economical and reliable choice.

The minimum amount you can borrow is between € 2,500 and the maximum loan amount is € 75,000. The interest that you have to pay on the loan amount depends on, among other things, your income and the amount. The interest that you have to pay can vary between 4.5% and 14.0%.

Bankate

At Bankate you get free advice about your loan. With 3 simple steps you can apply for a loan with an application form. At Bankate, personal contact and responsible lending are paramount. You can request a personal loan or revolving credit for various topics such as some extra money, a trip or renovation. You can borrow a minimum of € 1,500 and a maximum of € 50,000, although the amount of the loan does depend on your personal situation.

An overview of personal loans with Bankate. *

Loan from 1500 euros to 2499 euros.
Interest rate: 11.90%
Duration: 24 to 72 months

Loan from 2500 euros to 4999 euros
Interest rate: 7.60% to 9.90%
Duration: 24 to 72 months

Loan from 5000 euros to 7499 euros
Interest rate: 5.80% to 9.90%
Duration: 24 to 108 months

Loan from 7500 euros to 9999 euros
Interest rate: 5.80% to 9.40%
Duration: 24 to 108 months

Loan of 10,000 euros 50000 euros
Interest rate: 5.80% to 8.70%
Duration: 24 to 108 months

* Look for current interest rates on the Bankate website.

All consumer credits in a row

View all options for borrowing money here and more information about for example a revolving credit, a personal loan or the credit card. In addition, you will find two tips that are not covered by consumer credit.

Revolving credit

Revolving credit

With a revolving credit you can borrow money such as 2500 euros or 5000 euros, but also larger amounts such as 50,000 euros or 100,000 euros. If you have a certain amount of money in mind, you can determine the duration, or payment term, of your loan. The term is the period in which you have to pay off the amount of money, interest and any additional costs. A variable interest rate is applied to the revolving credit. This means that the interest that you have to pay can vary per month. The amount that you have to pay off as interest can therefore increase, but it can of course also decrease. Keep this in mind if you opt for a revolving credit. The advantage is that your duration is variable and you

Personal loan

Personal loan

With a personal loan you can borrow large sums of money, for example 5000 euros or more. If you want to take out a personal loan, you must take into account that a fixed term and interest rate are applied. For example, your interest cannot rise, unlike the revolving credit, where the term and interest rate are variable. With a personal loan a higher interest rate is used, but your interest rate and the monthly repayment is always the same. This is recommended for people who want to know where they stand and who do not want to take too much risk.

Credit with your bank

Credit with your bank

Almost everyone has a bank account with a bank in the Netherlands. With this, people like to pay in the Netherlands and it is very easy to use. Then it is possible to borrow money from your bank. You have probably heard of it. In the red at your bank. You can be in the red for a certain amount. You then pay interest on this loan amount. Ask your own bank what your options are for extra credit from your bank.

Credit card

Credit card

Do you need a credit card for a trip or online booking? Or do you just want to use it for cash withdrawals from an ATM? It is all possible with a credit card. The credit cards that we have listed are the most accepted payment cards in the world. This allows you to make payments almost anywhere.

A credit card is a loan in the form of a payment card. Most Dutch people have a debit card on which you must put money yourself. A credit card, or a credit card, is the exact opposite. You will receive a personal payment card with money on it. If you make purchases you can later refund the money. Worldwide, the credit card is seen as a primary payment card and it is therefore advisable to request a credit card before you travel.

Mini Loan

Mini Loan

A mini loan or mini credit is strictly speaking not a consumer credit since the loan is on the low side. You can come to this if you need money quickly. For example, would you like to borrow a small amount of 100 euros or 500 euros, 1000 euros or 1500 euros so that you can make ends meet for the month? This is possible with a mini loan. You can borrow the money for a short period for a fixed duration of 15, 30 or 45 days or a specific number of days from 5 days to 31 days. You can view a mini loan as an advance on your future income. Once you have received your income, you can repay the loan. Make sure that you can pay back the loan on time, otherwise there will be high costs involved.

Borrow money from family and friends.

Finally, borrowing money from family and friends is often a good option if you can’t borrow. You have probably already considered this and it is most obvious. This is the cheapest loan because you pay no interest.

 


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