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Interest


Frequently Asked Questions

  • How much interest do I pay with a loan?

    How much interest you pay for a loan differs per situation. To determine how much interest you pay for a credit, providers look at your personal situation, including your income, age and outstanding loans. This means that how much interest you pay for a loan depends on the extent to which you can repay the loan. In addition, the interest that you pay for a loan depends on the ratio between your expenses and income, the extent to which you have a positive BKR payment history and how much money you can borrow in total. In addition, the type of credit, the amount and duration of the loan also determine how much interest you pay for a loan. For example, the amount of interest you pay with a Personal Loan is higher than with a Revolving Credit. And because the fixed costs with a small loan are proportionally higher than with a large loan, you pay more interest for a small loan. Even if you choose a fixed-rate credit, this also affects how much interest you pay for the credit.

    Are you curious about how much interest is currently charged for a loan? View the lowest interest rates of the Dutch Credit Company. How much interest you pay for a loan depends on your personal situation. After submitting an application for a loan, you will receive an overview of the options at various banks in which you can see how much interest the banks charge for the loan. Based on this, you can decide for yourself which bank you want to take out a loan with and how much interest you pay for the loan.

  • When do you benefit from interest deduction on your loan?

    Since 1 January 2013, you only benefit from interest deduction if the loan is intended for the purchase, improvement or maintenance of an owner-occupied home. Loans with tax-deductible interest from Snaploan Online are: the Personal Loan and the Renovation Credit . A Personal Loan with interest deduction only applies if it is used for the purchase or renovation of your owner-occupied home. You cannot use interest deduction when taking out a consumer loan.

    The Personal Loan and the Renovation Credit have a maximum term of 10 years. You benefit from the interest deduction for the entire term of the loan. A tax interest deduction also applies to any residual debt after the sale of your home. A loan for this residual debt is tax-deductible for a maximum of 10 years. In addition to a Personal Loan, you can opt for Continuous Credit to finance the residual debt. You can also use the interest deduction for your residual debt with a Revolving Credit.

  • What interest rate do I pay with a loan?

    The interest rates on loans differ per situation. For example, the interest rate depends on the type of loan, a fixed or variable interest rate, the amount and the duration of the loan. The interest rate of a Revolving Credit is generally lower than with a Personal Loan and a small loan often has a higher interest rate than a large loan. The interest rate of a small loan is higher because the fixed costs for a small loan are relatively high in relation to a large loan. If you opt for a loan with a fixed interest rate, this also influences the level of the interest rate. In addition, your personal situation influences the interest rate of a loan, which takes into account, among other things, income, living and family situation.

    Currently, the minimum interest rate for a loan with Snaploan Online is 3.5%. View the overview of interest rates for an overview of the current interest rates of the loans from De Nederlandse Kredietmaatschappij.

  • What is the interest on a revolving credit?

    The interest on a Revolving Credit is variable. This means that the interest rate of a Revolving Credit depends on the current interest rate. In addition, the level of your credit limit for the Revolving Credit and your personal situation also influence the interest. The interest rate for a Revolving Credit with a high credit limit is lower than the interest rate for a Revolving Credit with a low credit limit. Because the costs such as administration costs with a low credit limit are relatively high in relation to a high credit limit, the interest on a Revolving Credit with a low credit limit is higher.

    To repay a Continuous Credit, you pay a fixed amount per month consisting of interest and repayment. If the interest rate rises, you pay more interest and you repay less of the Revolving Credit. At a lower interest rate, the reverse applies: you pay less interest, but repay more. With a Revolving Credit you can always make extra repayments without penalty. If you choose to make additional repayments, the balance of the Revolving Credit will be lower, so that you pay less interest and repay more. The interest on the Revolving Credit is calculated on the credit that you actually use. View the overview of the interest rates for the current interest rate for a Revolving Credit at De Nederlandse Kredietmaatschappij.

  • What is the average interest rate on a revolving credit?

    The average interest rate on a revolving credit is variable. This means that the interest rates for a revolving credit differ per situation and depend on various factors. First, the market interest rate affects the interest rate of a revolving credit . The market interest is the interest that the lender pays on the money that he buys to lend when providing revolving credit. Second, the interest rate depends on the total amount you want to borrow. Because the fixed costs for a small loan are proportionally higher than for a large loan, the average interest rate for a revolving credit with a low amount of credit is higher than the interest rate for a revolving credit with a high amount of credit. That is why lenders work with credit tiers to determine the interest rate of a revolving credit.

    In addition to the market interest rate and the amount of the revolving credit, a number of factors influence the average interest rate. For example, the lender creates a risk profile of the borrower, which includes looking at the age, the ratio between the expenses and income, the assets and any BKR payment history. The lower the risk for the lender, the lower the interest rate for the revolving credit. And when there is a house for sale for the revolving credit, a lower interest rate often applies than with a rental house. View the overview of our lowest interest rates for the current interest rate for revolving credit or request a quote without obligation.

  • What is the average interest on a loan?

    The average interest on a loan depends on various factors . The average interest that you pay for a loan depends on the type of loan, the amount and the duration of the loan. The average interest for a revolving credit is usually lower than the average interest for a personal loan. For both credit products, the interest rate decreases as the amount of credit increases. The relatively higher costs for a small loan compared to a large loan causes this decrease in the average interest rate. In addition, your personal situation affects the average interest on a credit. To determine the average interest on a loan, a lender looks at the debtor risk, including the ratio between your income and your expenses, your BKR payment history and your total assets.

    When taking out a loan, it is wise not to decide solely on the basis of the lowest interest rate for a loan. We recommend that, in addition to the average interest rate, you also compare the terms and conditions of different lenders. The combination of a credit with a low average interest rate and unfavorable conditions, such as a penalty for early repayment, can ensure that you are still more expensive. Are you curious about how much interest you pay on average for a loan? Request a quote without obligation to compare the offer of our five partners or go to loan interest rate for an overview of our minimum interest for a loan.

  • When is a personal loan deductible?

    A personal loan is tax-deductible in some cases. If you use the personal loan to renovate or improve your owner-occupied home, the loan is deductible. The personal loan is not tax deductible when it is used for consumer purposes such as furniture . The term of a personal loan is a maximum of 10 years. You can also use the personal loan to finance any residual debt . A personal loan for a residual debt is deductible for a period of 10 years.

  • What percentages do I pay with a loan?

    The percentages that you pay with a loan differ per situation and depend on various factors . To determine the percentages, lenders draw up a risk profile of you as a borrower. This involves looking at factors such as the ratio between your income and expenses, payment history, age, work and wealth situation. Low risk to the lender will result in low rates of interest. In addition, the percentages that you pay on the loan depend on the type of loan. The percentages decrease as the loan is larger, and the percentages are typically lower for a floating rate loan rather than a fixed rate.

    Since lenders have different terms for taking out a loan, the percentages you pay for a loan sometimes differ per provider. That is why you will find the offer from three different lenders in our offer. Based on this, you can compare the offer and choose the most suitable loan with the best interest rate. You can currently take out a loan through the Nederlandse Kredietmaatschappij for a percentage of 3.5%. Click on loan interest rates for more information or request a quote without obligation to see which percentages you actually qualify for and which percentages apply to your situation.

  • What is the interest for a short-term loan?

    The interest for a short-term loan is usually lower than the interest for a long-term loan. The interest for a short-term loan is lower because the interest rate is fixed for a shorter period and as a result the interest risk for the bank is lower with a short-term loan than with a long-term loan. This interest rate risk is affected by inflation and the higher price that lenders have to pay as they spend their money longer. In addition, your personal situation also influences the level of the interest for a short-term loan. To determine the interest rate for a short-term account, lenders take into account your family composition, income, spending pattern, BKR payment history, outstanding loans and your total assets, also known as the default risk. For more information, you can also consult the page about how much you can borrow .

    The Dutch Credit Company offers a short-term loan in the form of a Personal Loan 0 - 6 years with a fixed interest rate. You can also opt for a Continuous Credit with a variable interest as a replacement for a short-term personal loan. With a Revolving Credit, you can withdraw and pay off money whenever you want, but the interest is variable, so you do not know in advance how much interest you will have to pay in total. We therefore recommend that you thoroughly familiarize yourself with the various options before taking out a short-term loan. Are you curious about how much interest you pay for a short-term loan? Request a quote without obligation or go to the overview of our minimum interest rates .

  • Is the interest on a Personal Loan Deductible?

    Sometimes the interest on a Personal Loan is deductible. Namely if you borrow money for the renovation of your own home. Think of a new kitchen, extension, solar panels or insulation. The interest is also deductible in the case of a residual debt. Calculate the interest with tax benefit here .

  • Is the interest on a Revolving Credit deductible?

    Only if you borrow money to pay the residual debt of your home, the interest on a Revolving Loan is deductible. This only applies if the residual debt arose after October 29, 2012. The interest is deductible for a maximum of fifteen years. Calculate the interest with tax benefit here .

  • Is the interest on a Combination Credit deductible?

    Sometimes the interest is deductible. Namely if you use the part that you borrow in a Personal Loan for the renovation of your own owner-occupied home. Think of a new kitchen, extension, solar panels or insulation. The interest is also deductible in the case of a residual debt. This applies to both the Personal Loan and the Revolving Credit. Calculate the interest with tax benefit here .

  • Is the interest on a Renovation Loan deductible?

    Yes. Annuity loans such as a Personal Loan and Renovation Loan are tax deductible if you use the loan to finance the renovation of your own home. Calculate the interest with tax benefit here .

  • Is the interest on a home loan deductible?

    In contrast to the former WOZ credit, the interest on a home loan is in some cases tax deductible. Namely if you borrow money to finance your home's residual debt. This applies to both the Personal Loan and the Revolving Credit and only if the residual debt arose after October 29, 2012. The interest on an owner-occupied home Personal Loan is also deductible if you borrow for the renovation of your own owner-occupied home. Calculate the interest with tax benefit here .

  • Is it better for me to opt for a loan or extra mortgage?

    If you borrow less than $ 50,000 and don't want to be tied to your loan for more than 10 years, a loan is often the best option. The total costs are lower, it is faster and in the case of a Personal Loan and a renovation, the interest is deductible. A loan is also a good option for financing a residual debt. It is usually not possible to include a residual debt in your mortgage because your income and the value of your new home must be sufficient. The interest that you pay on your loan for a residual debt is tax-deductible.

  • Is the interest on a loan deductible?

    If you take out a Personal Loan for the renovation of your owner-occupied home, the interest is tax-deductible. Think of a loan for a new kitchen, extension, solar panels or insulation. The interest is also deductible in the case of a residual debt. This applies to both the Personal Loan and the Revolving Credit. Calculate the interest with tax benefit here .

  • What are the rules for interest deduction for a residual debt?

    No tax benefit with residual debt financing

    Until December 31, 2017, the interest costs of your residual debt financing were tax deductible. This scheme has expired with effect from 1 January 2018. Interest costs are NOT more tax deductible.

    You can still take out a consumer credit in the form of a personal loan or a revolving credit to finance your residual debt; the tax benefit no longer applies.

    Previously, you were allowed to deduct the interest for a maximum period of 15 years if you had sold your house after October 28, 2012 with a residual debt and had taken out financing for this.

  • What are the rules for interest deduction for home renovation?

    If you take out a loan (or have taken out after 2013) to improve your owner-occupied home with a renovation, the interest costs of that loan are tax deductible (from your taxable income). A condition for this is that the loan must be repaid with a fixed monthly amount and within a maximum term of 30 years. Only a personal loan meets this requirement; with a revolving credit you do not receive a tax benefit.

    The interest costs of the maintenance or renovation are deductible; the costs you actually incur. These are for your own account and are paid with a loan or mortgage.

    Which improvements to and to your home are eligible for tax interest deduction:

    • Installing a new kitchen and / or bathroom
    • Laying a new floor (on every floor)
    • An extension or extension for extra space
    • Dormer windows and / or new window frames; increase in daylight and increases insulation
    • Construction or renovation of a new garden
    • Installing solar panels for energy saving
    • Major maintenance to the home so that the value of your home does not decrease

    If you have any questions about the deductibility of your interest costs, you can go to the website of the tax authorities. A tax consultant can help you further.

  • What is the rate history of the revolving credit?

    The rate history of the Revolving Credit shows how the interest rate has gone up and down in recent years. You can view the rate history here: View rate history .

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