Particulier • Lenen • Transfer loan
Refinance a loan – lower interest, more overview and appropriate monthly payments
A Transfer loan betekent dat u één of meerdere bestaande leningen aflost met een New e lening. Het doel is meestal save on interest, reduce monthly costs, your adjust term or combine multiple credits into one clear loan.
Op deze pagina leest u wanneer oversluiten loont, welke kosten u moet meerekenen (zoals boete- of Closing costs), hoe acceptatie en BKR doorgaans meespelen en hoe u met een helder stappenplan verantwoord kiest.
Refinancing in short
U sluit een New e lening af en lost daarmee (een deel van) uw bestaande lening(en) af. Hierdoor heeft u vaak one credit, one interest rate and one monthly installment.
Most common reasons
- your current interest rate is (relatively) high;
- you want to combine multiple credits (overview);
- you want to reduce monthly costs or repay them faster;
- you want from flexible credit to a fixed structure (e.g. to a personal loan).
Acceptance and rates are provider and situation dependent.
What does transferring a loan mean?
Definition
Bee close (herfinancieren) neemt u een New e lening om uw bestaande lening(en) af te lossen. De New e lening kan gunstiger zijn door een lagere rente, betere voorwaarden of een passendere looptijd.
Merge multiple loans
Oversluiten wordt ook gebruikt om meerdere kredieten (bijvoorbeeld een oude Personal loan en een doorlopend krediet) samen te voegen naar één lening. Dit kan overzicht geven en helpt bij budgetteren.
When is it worth transferring a loan?
1) Lower interest possible
If your new interest rate is clearly lower than your current interest rate, refinancing can result in immediate savings.
2) You want more overview
Merging multiple loans often means one monthly payment, one term and less administration.
3) Make the term more suitable
You can opt for faster repayment (lower total costs) or a lower monthly payment (if justified).
Quick indication: check these 5 points
| Ask | Why important |
|---|---|
| Is the new interest rate clearly lower? | Savings often come primarily from interest rate differences. |
| What are the one-off costs? | Penalties/closing costs can take away benefit. |
| Will the term become longer? | Longer term = often higher total costs. |
| Can you make additional repayments without penalty? | Additional repayments can limit costs; check conditions. |
| Does the new monthly payment fit into your budget? | Affordability and buffer are essential. |
Always check your personal situation and have the total costs calculated.
Costs and pitfalls when transferring
What costs may you encounter?
- Closing costs or administration costs (depending on the product).
- Fine in case of early repayment (only if this is stated in the conditions).
- Any insurance (credit protection) – only useful if appropriate.
Not every loan has the same cost structure; check the conditions.
Common pitfalls
- only aim for lower monthly costs (term becomes longer);
- forgot to include costs;
- too high new loan amount “to have room”;
- refinancing while the old loan has almost been repaid.
Step-by-step plan: transfer loan in 5 steps
1) Map your loans
- outstanding balance per loan;
- current interest/monthly payment;
- term and (penalty-free) repayment terms.
2) Calculate scenarios
- choose 2–3 durations (shorter/same/longer);
- compare monthly costs and total costs;
- include costs and any fines.
3) Check acceptance
Income, fixed costs and BKR play a role in the assessment.
4) Choose conditions
Pay attention to penalty-free extra repayments, flexibility and transparent costs.
5) Round carefully
Make sure that old loan(s) are repaid correctly and that you do not unintentionally pay twice.
Example: what can refinancing yield?
Scenario
U heeft één of meerdere leningen met een relatief hoge rente. U overweegt close naar een lagere rente. De besparing hangt af van het renteverschil, het openstaande saldo, de resterende looptijd en eventuele kosten.
Because rates and conditions differ per provider, a calculation is always necessary for a realistic indication.
What to send?
- total costs decrease (not just monthly costs).
- Duration appropriate to your financial capacity.
- Additional repayments are possible if you want to repay faster.
BKR and acceptance: what counts?
What do providers usually assess?
- income (level and stability);
- fixed costs and existing credit obligations;
- BKR registrations and payment behavior;
- affordability (budget space and buffer).
BKR in short
Kredieten worden vaak geregistreerd bij het BKR. A registratie is niet automatisch negatief, maar achterstanden of bijzonderheden kunnen zwaarder wegen. Beoordeling verschilt per aanbieder.
Transferring/refinancing can also change your overall credit picture; include this in your plan.
Checklist: this is how you arrange a responsible transfer
1) Insight
- outstanding balance per loan
- interest and monthly costs
- repayment without penalty?
2) Compare
- Calculate 2–3 running times
- total costs incl. costs
- conditions (extra repayments)
3) Responsible
- monthly payment must fit comfortably
- maintain buffer
- no extra borrowing without a purpose
Frequently asked questions about transferring a loan
What does transferring a loan mean?
You take out a new loan to pay off an existing loan (or multiple loans). The aim is often to save on interest, more overview or a different term/monthly payment.
When is refinancing financially wise?
If the interest benefit and/or better conditions outweigh any costs and you do not continue to borrow for an unnecessarily long time. Always look at total costs over the entire term.
What costs may there be when transferring?
Consider closing or administration costs and sometimes a penalty for early repayment (depending on your current conditions). Include these costs in the comparison.
Can I combine multiple loans?
Yes, you can bundle multiple loans into one loan. This provides an overview and can be cheaper, depending on interest, term and costs.
Does BKR influence refinancing?
Yes, providers usually look at BKR registrations, income, expenses and payment behavior. A registration is not automatically negative; backlogs weigh more heavily.
Does my monthly payment always decrease if I refinance?
Not necessarily. A lower monthly payment can be due to lower interest or a longer term. A longer term can increase the total costs.
Can I make additional repayments after refinancing?
This varies per product. Many loans offer (partially) penalty-free extra repayments. Check the conditions in advance.
How soon will I know whether transferring is possible?
A calculation gives an indication. Final acceptance follows after assessment of your income, expenses and credit details. Lead time varies per provider.
Transfer a loan? Start with a calculation
Bereken uw opties en vergelijk scenario’s op rente, maandlasten en total costs. Zo maakt u een keuze die past bij uw budget en aflosdoel.
Prefer personal contact? Call 072 – 509 24 56 or email to info@finassverzekert.nl .
