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

Like to know how you much can borrow?

If so, you can calculate your loan and your monthly repayments here.

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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