What is a personal loan?
A personal loan in The Netherlands is a type of consumer credit that has a fixed term, monthly instalments and interest. The amount of the loan is paid out to the borrower in a single payment. This form of lending provides certainty, because the number of instalments required to pay off the loan is laid down beforehand. Each instalment is made up of a repayment amount and an interest payment on the amount outstanding.
You can take out a personal loan in The Netherlands with low interest rates at Becam. Before you take out the loan, we will show you exactly how much of your loan you will repay each month and how much interest you will pay (together, these form the monthly instalment). If you want to borrow money to buy a car or pay for alterations to your home, this makes things very straightforward.
Interest on personal loans
When taking out a personal loan in The Netherlands, it is very important to pay attention to the interest you will pay. The higher the interest, the more expensive the personal loan. In the interest table at the bottom of the page, we have set out the most favourable interest rates available for personal loans. The monthly instalments are made up of a repayment and an interest payment and will be fixed throughout the term of the loan. If you wish, you can apply to borrow more than one amount from us, in which case you would need to pay more than one monthly instalment.
A personal loan in The Netherlands – what it costs
When you take out a personal loan, you will need to pay interest. The amount of interest you pay depends on how much you borrow and the term of the loan. At Becam, you will not be required to pay any advisory or handling fees. The most effective way to get a clear picture of the amounts you will need to pay is by calculating your loan on this page.
The key features of a personal loan in the Netherlands
- The amount of money borrowed is paid into your account in a single payment
- The monthly instalment is set at a fixed amount consisting of a repayment amount and interest
- The term of the loan is agreed in advance and remains fixed
- The loan is usually used to purchase products with a limited lifetime
- You know exactly what you need to pay
- The loan is favourably priced because of the low interest rate
- No penalties for repaying the loan early
- Apply for a personal loan of EUR 10.000 or more
Like to know how you much can borrow?
If so, you can calculate your loan and your monthly repaymentshere.
How do I request a quote?
Enter the amount you wish to borrow and the loan specialists at Becam in The Netherlands will check if this is possible, based on the information you have provided. Once you have completed the application procedure, you will receive a quote in your mailbox. You can view all of the information on our online portal, where you can also upload any documents you have been asked to provide. Once those documents have been assessed and approved, which usually takes up to 2 working days, the amount of your loan will be paid into your current account in a single payment. You can then use the money in The Netherlands for the purpose concerned. Immediately after that, you will start making repayments on the loan.
The term of the personal loan
The term of a personal loan is between 6 months and 120 months (from half a year to 10 years). If you want to use the loan to repay residual mortgage debt or pay for building alterations, you can extend the term up to a maximum of 180 months (15 years). It is important to make sure that the term of the loan in The Netherlands is approximately the same as the lifetime of the product you wish to purchase using the money you have borrowed. After all, the idea is that you shouldn’t still be making loan repayments after that. Can I repay the loan without paying a penalty? Of course. You can do that at any time. As often and as much as you wish or are able to pay. The big advantage of repaying your loan early is that the term of the loan will become shorter. The amount of your instalments will however stay the same.
Free quotation
Interested in finding out more? If so, why not ask Becam for a free quotation without obligation and see for yourself what we are able to offer? Request a free quote for a personal loan in The Netherlands and use the pink button below!
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FAQs
If you are an expat and living in the Netherlands on a temporary basis, you, too, can take out a personal loan. The maximum term for your loan is the time you are scheduled to live and work in the Netherlands. If you are married or living together with a partner, you will be required to apply for the loan jointly.
How much personal loan can I get in the Netherlands? ›
You can borrow between €5,000 and €75,000. Exactly how much you can borrow depends on your personal situation, such as your income and your family and living situation. If you want to borrow less, see if our Rood Staan overdraft facility might be a better option for you.
What is the loan rate in Netherlands? ›
Bank Lending Rate in Netherlands decreased to 4.21 percent in February from 4.24 percent in January of 2024. Bank Lending Rate in Netherlands averaged 2.89 percent from 2003 until 2024, reaching an all time high of 6.26 percent in October of 2008 and a record low of 0.26 percent in May of 2022.
Can I get a personal loan in another country? ›
Yes, American expats abroad can take out a personal loan. However, some limitations or restrictions can make the process difficult.
What is the difference between a non Dutch and Dutch loan? ›
With Dutch interest, you end up paying interest on funds which you don't yet have access to. Lenders can justify this if the funds have been allocated to you and can't be used for other loans they wish to fund. If the loan is Non-Dutch interest, you only pay interest on the funds which have been disbursed.
Which country is easiest to get a loan? ›
Countries That Provide the Easiest Access to Capital
- Sweden. ...
- Australia. ...
- Germany. Easiest Access to Capital: 6. ...
- Luxembourg. Easiest Access to Capital: 5. ...
- United Kingdom. Easiest Access to Capital: 4. ...
- Canada. Easiest Access to Capital: 3. ...
- United States. Easiest Access to Capital: 2. ...
- Switzerland. Easiest Access to Capital: 1.
To get a $100,000 personal loan at the best rates and terms, you'll need excellent credit, a high income, and the right lender. Not all personal loan companies offer six-figure loan amounts. Those that do typically only lend large amounts to borrowers with stellar financial profiles.
What is the largest amount you can borrow on a personal loan? ›
Although loan amounts vary across lenders, the maximum amount for personal loans typically ranges from $500 to $100,000. In some cases, you may qualify for a loan larger than what you need. Before accepting any loan, consider what you can afford to repay and be sure you don't borrow more than what you can manage.
What is the minimum you can borrow with a personal loan? ›
Minimum borrowing amount for a Personal Loan is K1,000.
What is the Dutch legal interest rate? ›
Statutory commercial interest non-commercial transactions
In the Netherlands there is a statutory interest rate for non-commercial transactions. From July 1, 2023, the statutory interest rate for non-trade transactions is set at 6%. This is the so-called “statutory interest for consumers”.
Residency Status: Some lenders may hesitate to grant loans to expats who do not have permanent residency status. Security: Expats who can offer collateral, such as a property or investment, may be more likely to qualify for a loan and may be offered a more favourable interest rate.
Can foreigners borrow money from banks? ›
Yes, many financial institutions will lend to foreigners or expats for the purpose of buying Australian property. They are likely, however, to have quite strict lending criteria because all lenders have to weigh up the risk in every case. For starters, you need to abide by the lenders' standard loan requirements.
Can Americans get loans in other countries? ›
**Local Loans**: Depending on the country you're in, there may be local banks or financial institutions that offer loans or credit lines to foreigners, including Americans. These loans could be for various purposes, such as personal loans or business loans.
Can non citizens get loans? ›
To be eligible for a personal loan, non-U.S. citizens will generally need to provide their residency status, credit history, and proof of income. Emily Guy Birken is a Credible authority on student loans and personal finance.
Can non-residents get a mortgage in the Netherlands? ›
Non-residents can get a mortgage in the Netherlands. The citizens from non-Eu countries have similar requirements for a mortgage in the Netherlands. You must have a BSN number and prove your residency in the Netherlands.
How can a foreigner open a bank account in the Netherlands? ›
Opening a bank account in the Netherlands as an expat
- Valid identification, plus Dutch residence permit if applicable.
- Citizen service number (BSN) which you'll receive when you register with the tax office.
- Proof of address (a Dutch utility bill or your rental contract in the Netherlands is usually accepted)
International students have different options to finance their studies in the Netherlands. These include self-funding, scholarships, grants, student finance or 'studiefinanciering' (government loans & student travel products), private loans and applying for allowances. Students can also choose to get a job on the side.
