You can apply for ongoing credit
Are the bills piling up and is that why you regularly need extra money? Then you can request a revolving credit.
This is recommended if you do not know exactly what amount you need. On Kredietverstrekkers.com you will find all the information you need to make a good choice. You can also find a lender with suitable conditions through our website. So you borrow without worrying about the future.
When to apply for revolving credit?
Do you want to borrow money in a flexible way for a renovation, solar panels or other loan purpose? Then you can easily request revolving credit through one of our reliable lenders. Revolving credit is a solution if you want to have money in hand for a longer period of time. For example when you have a major renovation planned and do not yet know exactly how much it will cost. Consider for example an extension or extension, dormer window or new kitchen. Or when you want to furnish a baby room! In short, with revolving credit, as the name implies, you do not spend the money in one go.
The interest rate of a revolving credit is variable. The lender can therefore raise or lower interest rates. This can happen, for example, as a result of developments in the market. The credit risk also plays a role in determining the interest rate. This is a compensation for the risk that is taken by lenders when they provide you with a loan. Of course you will always be informed about interest rate changes. You pay a fixed monthly amount that includes interest and repayment. Of course you only pay interest on the amount that you actually borrowed.
The characteristics of a revolving credit in a row
- A pre-agreed credit limit
- Withdraw money when you need it
- Variable interest and duration
- Interim repayment without penalty is possible with most lenders
- Amounts repaid can be withdrawn
How is the maximum credit calculated?
Most people can apply for a revolving credit. It is a requirement that you are between 18 and 64 years old. Are you younger than 23? Then you cannot request more than € 7500 in revolving credit. In addition, a major factor also plays a role in determining what a responsible credit maximum is for you: your net income. If you have a permanent contract, then you can prove that you have a continuous income and that is favorable. For example, if you have a 0-hour contract or a contract on a temporary basis, this will affect how your loan is calculated. For example, income from a 0-hour contract is not included at all in the calculation, but also alimony to be received or, for example, a 13th month is not included as income. Of course, not only your income is looked at, but also your housing costs. If you pay the rent, your basic rent will be included in the calculation. If you pay for your mortgage, 75% of your gross mortgage burden is included in the calculation for the responsible credit maximum.
Which documents must I provide?
If you want to request a revolving credit as quickly as possible, it is important to already have the required documents in your possession. First of all you must provide a copy of your ID card, driver’s license or passport. In addition, the lender also wants to see that you are able to repay your loan on time. It is therefore important that you can prove this. That’s why you have to send a recent payslip. If you have a benefit, you must include your benefit specification. Finally, you must make a copy of your account statement and send it. This statement may not be older than two months and must show your current balance, your account number and the transactions of at least four consecutive weeks. Please note: the lenders do not accept your documents if, for example, things have been crossed out or digital editing has taken place. You are also not allowed to take a photo of your contract and send it in.
With most lenders you can request an advisory interview when applying for a revolving credit. An adviser will then sit down with you to discuss your situation or a telephone consultation will take place. This way you can borrow in a responsible way. Of course you can also read well, then the consultation is often not even necessary, especially when it comes to lower amounts. When you decide to take out a loan yourself without advice, this is called ‘execution only’. It is important to have a good understanding of your financial situation. So put your income and expenses in a row to be sure that you can repay this loan without worry.
Apply for your loan in 3 steps
1. First of all, you naturally look for a lender who has the best conditions for you. You can find this via our website.
2. Have you found a lender and do you fully support your choice? Then you can request your revolving credit online. Indicate how much you want to borrow, what your borrowing objective is and, if necessary, opt for a consultation. You must also indicate whether you currently have existing loans. This is a factor that is taken into account to determine whether you can get a loan.
3. If your application is approved, you will receive a quote in your mailbox within 24 hours. Here is also the amount in which you will pay monthly. If you agree, it is important to send the necessary documents to the lender. These are mentioned in the paragraph above.
You can also take out a personal loan
Are you in doubt about requesting revolving credit now that you have read more about it? For example, because you prefer to have more certainty about the term of your loan? Then you might opt for a personal loan. A personal loan is recommended if you are going to spend an amount in one go. Consider, for example, the purchase of a car or borrow money for vacation . With a personal loan, the interest and the term are fixed in advance and you know exactly what you pay each month in repayment.