Interest on your loan
When you borrow money, you owe interest. How much interest you owe depends on such factors as:
- The amount you borrow
- Your personal circumstances, such as your income, your spending, your living situation and your family circumstances
Good to know!
As of 1 January 2024, the legal maximum interest has been increased from 14% to 15%. This means we are allowed to charge a maximum of 15% interest on your loan.
Interest on personal loan
You’ll owe a fixed rate of interest on a personal loan. This rate won’t change over the life of the loan.
| Amount borrowed (credit limit) | Interest/annual percentage rate |
|---|---|
| from € 5,000 to € 7,500 | 12.4% - 13.9% |
| from € 7,500 to € 10,000 | 11.9% - 13.8% |
| from € 10,000 to € 15,000 | 9.6% - 11.5% |
| from € 15,000 to € 25,000 | 7.9% - 9.8% |
| from € 25,000 to € 50,000 | 7.9% - 9.8% |
| from € 50,000 to € 75,000 | 7.5% - 9.4% |
The borrowing rate is the interest rate you owe on the loan. It is the annualised interest rate. The annual percentage rate (APR) expresses all costs associated with the loan. If you use the overdraft facility on your current account, for instance, the annual percentage rate will include the costs associated with your current account as well as the interest charged.
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