What is a Personal loan?
With a Personal loan you borrow a predetermined amount. When taking out the loan, the level of the interest and the term are fixed. You always know exactly where you stand. You can no longer withdraw repaid amounts. You do have the option to make (extra) payments, without penalty.
Watch the video below to learn more about how a Personal loan works. And for whom it is suitable. Knowing in advance where you stand is very important. You do not take out a loan every day.
No one can predict the future. Neither do you. A lot can change in 3 years. For example, you can have a child or another job, but also dismissal, divorce or debt counseling can have an impact on your financial situation. When you take out a loan, you have to take into account what lies ahead. There may be reasonably foreseeable circumstances that you should already consider with the application. Report this when you run an application.
A loan is a financial obligation that you enter into for a longer period. Therefore choose wisely. Go for a term that is appropriate to your current situation and loan goal, but that is also responsible if something changes in your life.
Characteristics Personal loan
It is important to know the characteristics of a chosen loan form, because you are entering into a contract for a longer period (the term of a loan can easily be 5 years). That is why you will find an overview of the characteristics of a Personal loan with an explanation below. Of course you can always contact us for more information.
For people who know what loan amount they need. The loan amount, term and interest are agreed with you in advance. So you know exactly when you have repaid the loan.
Fixed interest, you know exactly how much you repay each month in repayment and interest.
The term is fixed. So you know exactly when the loan was repaid.
A fixed monthly amount consisting of part interest and part repayment.
No, it is not possible to withdraw repaid amounts.
Depending on your needs and financial situation, between $ 7,500 and $ 50,000.
With a Personal loan you repay until the end date of the contract.
You can (partially) repay at PersonalLoan free of charge.
You must be at least 21 years old and no more than 68 years to take out a Personal loan.