Pay attention! Borrowing money, costs money

When do you opt for a Personal loan and when for a Revolving Credit?

Many people have heard of a Personal loan or a Revolving Credit, but are not sure what the differences are between the two types of loan. Nevertheless, it is important to know the difference, as it may affect your fixed costs in the future. We would therefore like to list the differences for you.

The table below provides an overview of the main differences.

Only if you are aware of these differences can you consciously borrow - and so you can take out a loan that suits your situation.

Personal loan

Continuous Credit

Suitable for whom?

For people who want security and have a fixed loan goal.

The Personal loan is less suitable for people who have a recurring money need.

For people who want flexibility and have a recurring need for money.

The Revolving Credit is less suitable for people who are looking for security, in the form of a fixed term and a fixed interest.

Suitable for which loan purpose?

For people who plan to make a one-off large expense and already know exactly what amount is needed. For people who mainly look for flexibility in a loan and do not yet know exactly how much money they need.

Fixed or variable interest?

Fixed interest, you know exactly how much you repay each month in repayment and interest. Variable interest, you only pay interest when you withdraw an amount. If the interest rate starts to rise, you will pay less repayment and the term of your loan will be longer.


The term is fixed. So you know exactly when the loan was repaid.

No fixed term. With a cash withdrawal, the term will be longer. If you are going to redeem extra penalty-free, the term will be shorter.

Monthly amount?

A fixed monthly amount consisting of part interest and part repayment. A fixed monthly amount, but the part that you pay monthly in repayment or interest, varies.

Reclaim repaid amounts?

No, it is not possible to withdraw repaid amounts. Yes, you can withdraw the repaid amounts again up to the agreed credit limit. If you keep withdrawing money, the term will be longer, because you have to repay these amounts again and again.

Loan amount?

Depending on your needs and financial situation, between $ 7,500 and $ 50,000. Depending on your needs and financial situation, between $ 7,500 and $ 50,000.

Finishing off?

With a Personal loan you repay until the end date of the contract. With a Revolving Credit you repay during the term based on the monthly amount. As you get older, your income changes. That is why it is important to reduce your debt. This means that the credit facility of a Revolving Credit is limited when you turn 65.

Extra repayment penalty-free?

No extra costs. No extra costs.

Your age?

From 21 to 68 years old. From 21 to 64 years old.

Personal loan

A Personal loan is a good choice if you know in advance what your purchase will cost. And you only want to finance this purchase. For example a (new) car, a renovation and / or rebuilding, or a big holiday.

Continuous Credit

Do you have a number of wishes on your wish list? You don't know exactly what it will cost, but you do know that you don't have enough money on hand. A Revolving Credit comes in handy.