Personal loan Netherlands | Belgium. Quick loan Netherlands. (2024)

FAQs

How much personal loan can I get in the Netherlands? ›

You can borrow between €5,000 and €75,000. Exactly how much you can borrow depends on your personal situation, such as your income and your family and living situation. If you want to borrow less, see if our Rood Staan overdraft facility might be a better option for you.

If you are an expat and living in the Netherlands on a temporary basis, you, too, can take out a personal loan. The maximum term for your loan is the time you are scheduled to live and work in the Netherlands. If you are married or living together with a partner, you will be required to apply for the loan jointly.

You may be able to get a personal loan in as little as one business day after you apply. However, not every lender has a streamlined process. For most personal loans, you can expect it to take two to five business days — or longer. If you're in a pinch, an emergency loan will likely be the quickest option.

To qualify for a personal loan, borrowers generally need a minimum credit score of at least 580 — though certain lenders have even lower requirements than that. However, your chances of getting a low interest personal loan rate are much higher if you have a “very good” or “excellent” credit score of 740 and above.

Personal loan amounts generally range from as low as $1,000 to as high as $100,000. The exact range varies from lender to lender. For example, among the best personal loan lenders, there are lenders that offer loans from $1,000 to $50,000, $2,000 to $30,000, and $5,000 to $100,000.

Although loan amounts vary across lenders, the maximum amount for personal loans typically ranges from $500 to $100,000. In some cases, you may qualify for a loan larger than what you need. Before accepting any loan, consider what you can afford to repay and be sure you don't borrow more than what you can manage.

Getting approved for a personal loan generally takes anywhere from one day to one week. As we mentioned above, how long it takes for a personal loan to go through depends on several factors, like your credit score. However, one of the primary factors that will affect your approval time is where you get your loan from.

It typically takes anywhere from a few hours to a few weeks to get a personal loan, depending on various factors including the lender's processing time and the applicant's preparedness. Recognizing the timeline for obtaining a personal loan can help you plan your finances and ensure a smooth borrowing experience.

A personal loan generally is not hard to get as long as you have enough income to repay the loan. You can get personal loans from banks, online lenders, and credit unions, and you should be able to get approved with a credit score of 580 or higher.

While some personal loan lenders allow you to apply with a very low credit score, many require a minimum credit score of 660 or 700 to be considered for a $3,000 personal loan. Generally, the higher your credit score, the less interest you will pay.

How hard is it to get a $5,000 personal loan? ›

A personal loan for $5,000 can be relatively easy to find since they often range from $1,000 to $100,000 or more. Loans in this range, like with all personal loans, can be used for just about anything from covering emergency expenses, consolidating high-interest credit card debt or even funding home improvements.

Generally, you'll need a good to excellent credit score — 670 or higher — to qualify for a $20,000 loan.

Depending on your salary, credit score and employment status, you can get a Personal Loan starting from Rs 50,000 up to Rs 50 lakh, subject to ICICI Bank's internal policy. The amount is decided based on your age, income and other factors. This amount can also be increased depending on certain factors.

Maximum personal loan amount

The maximum amount you're likely to find from reputable lenders in the UK is around £50,000. However, this is likely to be only offered by banks to existing customers. At Novuna Personal Finance, you can apply for a maximum of £35,000, which is higher than many competing lenders.

Bank Lending Rate in Netherlands decreased to 4.21 percent in February from 4.24 percent in January of 2024. Bank Lending Rate in Netherlands averaged 2.89 percent from 2003 until 2024, reaching an all time high of 6.26 percent in October of 2008 and a record low of 0.26 percent in May of 2022.

Lenders' maximum aggregate limits often range from $75,000 to $120,000 for undergraduate students and $150,000 to $300,000 for graduate or professional students. The aggregate limits consider how much you've already taken out in federal and private student loans.