Month: July 2019
Do you want to borrow private money as an independent entrepreneur?? For example for the purchase of a new car, caravan or kitchen? Read more about how you take out a private loan step by step as an entrepreneur.
Borrowing money as an entrepreneur for private purposes: how do you qualify?
To borrow money as an entrepreneur for private purposes, you must meet a number of conditions. For example, the spending objective of the credit must be purely for consumer use. In addition, you must have been active as an independent entrepreneur for at least 3 years and be able to submit annual accounts for the past 3 years. Based on the annual accounts for the past 3 financial years, the bank determines whether and how much you can borrow. In addition, it is important that you can prove that you are borrowing for private purposes.
You can also submit an extract of your company’s registration with the Chamber of Commerce. And your company has a positive equity and you as a person have an experienced payment history (no negative ABC registration and you have borrowing experience).
What is the maximum amount I can borrow?
Whether and how much money you can borrow depends on your personal situation. The application amount has been maximized at 65,000 by the banks. Wondering how much you can borrow? It is important that you never borrow more than you actually need so that you borrow money responsibly.
Calculate your maximum borrowing capacity yourself
If you, as an entrepreneur, want to take out a loan for private purposes , you can choose from a personal loan or a revolving credit.
A personal loan offers many benefits. You borrow a fixed amount that is deposited directly into your account. There is a fixed term for the repayment of the loan, whereby the interest is also fixed in advance. You pay a fixed monthly amount to repay the total amount due. If you also use such a loan for a renovation or improvement of your home, you can deduct the interest for income tax. With the National Credit Checker you borrow carefree money at the lowest interest rates and the best loan conditions in the Netherlands. You can request your loan securely and completely online from us.
Redistribution at a lower interest rate
Many entrepreneurs have a private credit with their home bank. Did you know that you can transfer this loan to a lower interest rate for free? With a lower interest rate offer, you immediately save on your monthly charges. In addition, your credit can also be converted into, for example, a personal loan. That means lower monthly costs and earlier debts free.
Apply for a personal loan for a self-employed person
That is very simple and you can just do it online, at a time that suits you. You can take out a loan online in 4 simple steps. You apply for your loan in our digital environment. Applying for and activating your loan is done in “My ABC”. This means submitting your application safely, reliably and easily. That way you have the right information at all times.
Purchasing power will increase in 2019. That is good news.
Do you already have plans for the coming year such as a renovation, a new car or a new kitchen? Read more about what people will borrow money for in 2019.
Economic growth leads to growth in purchases
According to Bank Credit, almost everyone this year will benefit from the tax cuts, the increase in tax credits and the wage increases. Dual earners with above-average incomes benefit the most. They will soon have 128 euros more to spend per month. Now that we have more to spend, the willingness to finance among Dutch consumers has also risen.
As consumers, we spend more money, even money that we don’t have. The number of loans taken out is still increasing in recent years.
Main loan objectives 2019
According to the ABC Financing Barometer, many major purchases were made in the past quarter for larger holiday trips and consumer electronics. For the coming year, this measurement shows that more than 61% of respondents expect to make a major purchase for a larger holiday trip, a renovation or refurbishment.
In addition, 17% of respondents expect to take out a loan for a car, caravan, motorcycle or boat. For these large expenditures, insufficient savings are available for many. A personal loan can then offer a solution.
With a personal loan it is possible to borrow an amount for a one-off expense. Such as a car or renovation of your house. It is also possible to merge your existing loan (s) or to transfer them for a lower interest rate. The term, the interest and the monthly amount are fixed for the entire term of the loan.
Which loan is the cheapest in 2019 and which credit is the cheapest?
Which loan is best for you? First calculate the maximum responsible loan amount and, in addition, be well advised. With the National Credit Checker you can borrow carefree money at the lowest interest rates and the best loan conditions.
A caravan gives you a lot of freedom. You can go wherever you want, go out whenever you want just like with a caravan or camper. Unfortunately, a caravan is not always cheap. Read our tips about the possibilities for financing your caravan.
Financing the duration of the caravan
Just like when financing a car, it is wise to choose a term that does not exceed the economic life of the caravan . This prevents you from paying while the caravan has already been debited. Or if you want to trade it in again and take into account a maximum residual value.
Choose a loan for your caravan
If you want to borrow money for your caravan, you can choose from a personal loan or a revolving credit. Do you like clarity and overview? So that you know in advance what you pay per month and when the loan ends, a personal loan is a good choice. If you want more flexibility and withdraw the money when you want, a revolving credit is a good option. Are you 60 or older? Then the senior citizen loan is a good option. With this special personal loan you can optionally take out a life insurance policy.
Financing your caravan with a personal loan
In most cases, a personal loan is the most suitable option. You borrow a fixed amount at a fixed interest rate and duration. This way you know exactly what you pay each month and when the loan for your caravan is repaid. Very clear. If you opt for a personal loan, we can offer you a competitive interest from 4.1%. Do you have a financial windfall in the meantime? Then you can repay your loan without penalty. That is a lot cheaper than financing your carvan through the dealer. This is often much more expensive due to the interest rate, and also not free of charge. Moreover, you cannot compare the options – conditions. So you are not sure whether you have taken out the best loan.
Financing your caravan with a revolving credit
You already take out a revolving credit with us from 4.5% interest. A revolving credit gives you more freedom and flexibility. You can borrow a higher amount than the purchase amount. So that you have extra money in hand in case of unforeseen circumstances. You can always reimburse repaid amounts. Bear in mind that you will then have a longer term before your debt is fully repaid. You can also repay your loan without penalty.