How much can you afford to borrow?

Requirements for borrowers

Our loans give you a peace of mind

When you apply for a loan, we always look carefully at your personal situation, including your income, your spending and your living situation. It’s important to us that you can afford to repay the loan. We want you to borrow responsibly without having to worry about being able to make your monthly payments.
 

What do we look at?

We always look at the following aspects: 

  • Your income 
  • Your spending 
  • Your family situation: do you live alone or with a partner? Do you have children? 
  • Other loans: we always perform a credit check with the Dutch National Credit Register (BKR) 
  • Other personal obligations you may have, such as spousal and child support&

Your incomings and outgoings

You may have a loan that you’re expected to repay. That’s why we need to make sure that you have a monthly income, for instance from employment or from a pension provider. We also look at your spending, including your rent or your monthly mortgage payments.

Your situation now and later

Loans tend to span relatively long periods. That’s why we look at things from a long-term perspective. What if you were to lose your job or become incapacitated for work, or your children were to go to college? Would you still be able to afford your loan?

Benefits

You may still be able to take out a loan even if you’re on benefits. The amount you can borrow depends on your benefits, your housing costs and other expenses.

Fixed-term employment contract

If you’re on a fixed-term employment contract, we’ll most likely still grant you a loan. That said, the term of your loan will not exceed the term of your employment contract.

Loans for self-employed persons

If you’re self-employed or run a business with a few employees, you can go online to apply for a private loan. We’ll assess your financial situation based on your annual results and personal income tax returns for the past two years.

Don’t bank with us? Not a problem!

You can still apply for a loan from us even if you’re not an ABN AMRO client. If you’re from an EU country, we’ll come to you to check your ID. If you’re from a non-EU country, we’ll ask you to visit a branch so that we can check your ID.

Your age

You can apply for a loan if you’re between the ages of 21 and 69. By capping the maximum age, we’ve increased your chances of repaying your loan.

Dutch National Credit Register (BKR)

If you take out a loan of € 250 or more, you’re assigned a positive credit listing. If you make your repayments as required, this listing won’t have any consequences for your credit rating. If you fell behind on your payment obligations at any time during the past five years, you’ll be assigned a negative listing, which makes it more difficult for you to borrow more money.

Your residence

You can only apply for a loan if you: 

  • Live in the Netherlands 
  • If you have a temporary residence permit and you can afford to take out a loan, the maximum term of your loan will correspond to the term of your residence permit.