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 .
Are you looking for a suitable loan, but are you not yet sure which loan is best for you? Use our loan wiser to find a suitable loan that is adjusted to your needs.
You can also directly specify the desired loan amount and request a quote for your loan completely free of charge and without obligation: