Borrow money in the Netherlands
Borrowing money is an excellent solution if, for example, you want to make a large purchase, but you do not have enough savings available. You can then (partly) finance this major purchase, such as a car or a renovation of your house, with a loan. You are certainly not the only one in the Netherlands who borrows money. For example, did you know that:
- In the third quarter of 2023, more than 7.6 million Dutch people had one or more ongoing loans. (source: BKR)
- he Dutch are currently lending approximately 8.6 billion euros in total. (source: DNB)
It is of course important that you make a good, safe and responsible choice. This way you prevent you from paying an unnecessary amount for your loan and from getting into financial problems because of the loan.
Why compare loans?
By comparing loans before you make a choice, you can easily save a lot of money. Your savings can amount to anaverage of 783 euros on your total loan.
The difference between the lowest and highest interest rates for a loan is easily 4 percent. It is therefore worthwhile to compare different loans. According to the Netherlands Authority for Consumers and Markets (ACM), you can quickly save hundreds of euros per year.
Geld.nl helps you with your comparison and making a good choice. We give you insight into the loans available to you and what you should pay attention to.
7 tips for borrowing money from Geld.nl
We think it is important that you find a cheap loan, but above all that you choose a responsible loan. That is why we give you 7 useful tips, so that you have thought of everything to make a good and suitable choice.
Borrow money cheaply by comparing your loan
Whether you want to borrow for a car or finance a renovation, you naturally want an affordable loan that suits your needs.
At Geld.nl we help you with this. You first enter some information about yourself and your wishes for your loan. We then show all loans that are available to you and that suit your needs. You can see the cheapest loan for your situation immediately at the top. You can then compare the loans based on conditions and customer reviews. This way you always make a good choice for your loan and never unnecessarily pay too much.
Get a loan! Choose the right loan form
You can choose from two types of loans on Geld.nl: a personal loan or a revolving credit.
A personal loan is almost always the best choice. With this loan form, you will receive the loan amount in your account in one go. You then pay back a fixed amount of interest and repayment every month. That gives peace and security.
Width a revolving credit, you agree on a credit limit with the lender. Up to that amount, you decide for the first two years how much money you withdraw and when you do so. After the first two years, you can only make repayments on the loan until you have repaid the loan amount in full.
Borrow, choose the right term/duration
If you borrow money with a personal loan, you choose the term of your loan yourself. That is the number of months in which you repay the loan.
The longer the term, the lower your monthly costs. The amount you have to repay is spread over several months. But watch out! You also pay interest for longer. This means that your personal loan will ultimately be more expensive with a longer term. Therefore, choose the shortest possible term with a monthly payment that you can easily pay.
Compare loans, choose the best loan
The best loan is different for everyone. That's why you always make a tailor-made comparison on Geld.nl.
By entering information about yourself and your situation, you will see all loans that suit your situation. The cheapest loan with the lowest interest that suits your personal situation is at the top. Therefore, always check whether the lender of your choice has a license from the Netherlands Authority for the Financial Markets (AFM) and De Nederlandsche Bank (DNB).
Additional repayments during the term
If you are going to borrow money, it is useful that you can repay part or all of the loan early.
With almost every loan you see on Geld.nl, you can make additional repayments for free during the term. You can read more about this in the article Repaying a loan early.
Attention! With the Santander personal loan you do pay a fine if you repay more than your monthly amount.
Comparing borrowing money pays off! Check regularly whether transferring is useful.
Also check the current loan interest rates regularly during the term.
If interest rates drop, transferring your loan to a new loan may be interesting. Read more about transferring your loan on the Loan transfer page.
Need help comparing loans?
We have made comparing loans as easy as possible for you.
But maybe you still need some help or want more information. Our expert financial experts are happy to help you. Read here how to contact them.
