Personal loan

What is a personal loan?

A personal loan is a form of credit where you immediately receive access to the loan amount after taking out. This is transferred in one go to your bank account of your choice. The monthly repayment, term and interest are fixed .

Benefits of a personal loan

The most characteristic of a personal loan is the fixed term . That way you always know how long it will take you to repay the loan. Because the interest is also fixed, you know where you stand and the monthly amount with which you make repayments is also constant.

So you know exactly where you stand. The fact that you have direct access to the total amount of money makes it possible to use this type of loan for many purposes.

Disadvantages of a personal loan

You cannot withdraw extra money in the meantime , as you can with a revolving credit . This means there is less flexibility. Moreover, extra repayments are often not possible without additional costs / fines.

Compare personal loan

At the top of this page you will find an overview of the current best interest rates. Click on 'all loan rates' to specifically compare on, for example, personal loans or other forms.