What we do not do
- No credit advice
- No brokerage
- A referral instead
Consumer credit: we refer you on
Consumer credit is the collective term for any loan that has nothing to do with a home. This page explains which forms it covers and why we refer you elsewhere.
- several insurers compared objectively
- 9.5 customer rating for a new policy
- AFM licence 12016589
- Personal 072 - 509 24 56, weekdays 9–17
This page in another language: Nederlands
- We compare the offerings of several insurers
- An adviser checks whether the cover suits your situation
- We arrange the switch, including cancellation
A premium indication, not personal advice. Prefer to talk it through? Call 072 - 509 24 56.
- Independent advice
- Several insurers
- Switching arranged
- Help with claims
In brief
Please note: borrowing money costs money. Consumer credit is the umbrella category: a personal loan, a revolving credit, an overdraft on your current account, car finance and paying in instalments or later at a shop or web shop all fall under it. The form differs. The statutory rules on information, assessment and registration are the same.
Finass Verzekert advises on and arranges non-life insurance under AFM licence 12016589. Consumer credit falls under a different licence category, with its own requirements for professional competence and information provision. We do not hold that licence and therefore do not broker loans. We refer you to providers that are registered; they assess, advise and decide independently and consult the BKR.
What we do for you is on the insurance side: the own-damage or buildings cover a lender requires as a condition, and advice on your personal and business general insurance. We receive no payment from credit providers and therefore have no interest in which loan you choose.
Insurance never stands alone
A mortgage, loan or investment often touches your insurance too. We look at the bigger picture and point you to the right specialist whenever something falls outside insurance itself.
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Who does what with consumer credit?
How the roles are divided between us and the party providing the credit.
What to look out for
The points that determine the price of your loan.
- Compare on APR
- Total cost of credit
- Term and repayment
What we do provide
What you can come to us for.
- Home and traffic
- Liability
- Business and property
What is covered
| Situation | At Finass Verzekert | With the licensed provider |
|---|---|---|
| Advice on the type of credit and the term | No | Yes |
| An income and BKR (the Dutch credit register) check | No | Yes |
| European standard information on the credit | No | Yes |
| Paying out or collecting credit amounts | No | Yes |
| Advice on personal non-life insurance | Yes | No |
| Own-damage cover on a financed vehicle | Yes | No |
This overview is general in nature and is not personal advice. It only sets out who carries out which task.
What to look out for when comparing
- Type of credit against the purpose. A one-off purchase calls for something different from a fluctuating need for money; choose the form first.
- Annual percentage rate. The only figure with which you can fairly compare offers across all forms of credit.
- Total cost of credit. What you have repaid at the end over and above what you borrowed, across the whole term.
- Statutory information before signing. You must receive the European standard information before you commit, not afterwards.
- Consequences for your BKR registration. Every credit is registered; arrears remain visible for years even after repayment.
- The provider's licence. Check the name and number in the AFM's public register before you sign anything.
This overview is general in nature and is not personal advice.
How it works
- You decide what you needThe amount and the purpose determine which form of credit makes sense and how long it may run.
- You compare on APRSet the pre-contractual information from several providers side by side.
- The provider carries out a checkIncome, fixed outgoings and the BKR determine whether the credit is responsible.
- We arrange your insuranceFor home, traffic and liability you have come to the right place.
Why arrange it through Finass Verzekert?
We look at the terms as well as the premium, and stay your point of contact when there is a claim.
Independent
We are not tied to one insurer and compare on the basis of an objective analysis of several companies.
One fixed adviser
You call or email someone who knows your file. No menu options, no changing call centres.
Switching without hassle
We cancel your old policy and align the start date, so you are never a day without cover.
Help with claims
We report the claim and monitor how it is handled. In urgent cases you can reach us on the emergency line.
9.5New policy
9.8Claims handling
Customers rate our service on four aspects: personal service, service delivery, availability and the outcome. The reviews are collected and published by NH1816 and come from customers who have actually taken out a policy with Finass Advies B.V. or reported a claim.
Where things go wrong in practice
Four points that determine what consumer credit actually costs you.
Which form suits which purchase
If you know the amount exactly and it is a one-off purchase, a loan with a fixed amount, a fixed interest rate and a fixed end date suits it best. If the need is unpredictable, a credit limit looks more convenient, but that form has no end date and over the years often turns out the most expensive. An overdraft on a current account is intended for days, not months, and is rarely sensible as a structural solution.
Shop credit and paying later are credit too
Paying in instalments at a web shop, a payment arrangement at an electronics chain and a mobile contract in which a handset is paid off are forms of credit as soon as costs are attached or the term is longer than a short payment period. The provider needs a licence for those too. Arrears on such an arrangement can lead to a registration with the BKR, and that remains visible to other lenders for years after full repayment.
What a licence holder must do
Before you commit, you must receive the European standard information on consumer credit: the amount of credit, the term, the annual percentage rate, the total cost, the instalment amount and the consequences of paying late. The provider assesses your income and fixed outgoings and consults the BKR. You have a statutory right of withdrawal and access to Kifid in the event of a complaint. If you do not receive that information, that in itself is reason to walk away.
Payment protection belongs to the credit provider
When you take out credit, insurance is often offered that pays the instalments in the event of incapacity for work, unemployment or death. That product comes from the credit provider or its insurer and not from us. Assess it on the exclusions: waiting periods, a payment period in months, the exclusion of temporary contracts and of conditions you already had. Also check whether you already have some of this cover through your employer or an existing policy.
Credit without an assessment does not exist here
Licence holders are required to consult the BKR for credit from € 250 with a term longer than one month, and to assess whether the payments are affordable. Providers advertising loans without a check generally do not hold that licence. You then miss out on the statutory credit information, the right of withdrawal and access to Kifid.
Payment protection is not compulsory
Credit providers sometimes offer insurance that pays in the event of incapacity for work, unemployment or death. That product belongs to the credit provider, not to us. Above all, read the exclusions: waiting periods, a payment period in months and the exclusion of temporary contracts or existing conditions are common.
Frequently asked questions
This is what people ask us most.
Which forms of borrowing count as consumer credit?
Everything not used to buy or refurbish a home: the personal loan, revolving credit, an overdraft, car finance and paying in instalments at a shop or web shop. The same rules on information provision, affordability assessment and BKR registration apply to all those forms. The difference lies in the type of interest, the term and whether you can draw down again.
Why does Finass Verzekert refer you elsewhere instead of broking?
Our AFM licence covers general insurance only. Advice and broking on consumer credit are subject to different professional competence requirements and a separate registration, which we do not have. Broking without that licence is not permitted. We therefore put you in touch with firms that do hold it; they assess your application independently and are responsible for it themselves.
Is paying later at a web shop also credit?
As soon as costs are attached or payment is spread over a longer period, yes. The same requirements then apply to the provider as for an ordinary loan. For short, cost-free payment periods the position is different. In any event, treat such arrangements as debt: they count towards your fixed outgoings and arrears can lead to a registration.
Which documents should I receive before I sign?
The European standard information on consumer credit and the credit agreement itself. They state the amount of credit, the term, the annual percentage rate, the total cost, the instalment amount and what happens if you pay late. That information is intended to allow you to set offers side by side. If you do not receive it, or only receive it after signing, look for another provider.
Every situation is different. For these situations we have a separate page.
- Finance: we refer you onThe main page
- Personal loan: we refer you onPlease note: borrowing money costs money, Fixed interest, BKR check
- Refinancing a loan: we refer you onPlease note: borrowing money costs money, APR, Outstanding balance and term
- Revolving credit: we refer you onPlease note: borrowing money costs money, Variable interest, BKR check
- A loan as a self-employed professional (zzp'er): we refer you onPlease note: borrowing money costs money, Private and business, BKR check
- Borrowing money: we refer you onPlease note: borrowing money costs money, APR, BKR check
- Financial matters: what we do and do not doGeneral insurance, No credit or investment advice, AFM 12016589
Read more
Your insurance with us after all?
We compare several insurers on premium and conditions and, if you wish, arrange the switch.
Prefer to call? 072 - 509 24 56, weekdays 09:00–17:00.
Claim on the road? Emergency line 06 - 55 20 40 72.
About our service
Finass Verzekert is a trading name of Finass Advies B.V. We advise on and arrange non-life insurance on the basis of an objective analysis of several insurers, and receive commission for this from the insurer, which is included in the premium. You pay no separate advice fee. Before you take out cover, we establish your wishes and needs.
You will find our licence, KvK and Kifid details and our complaints procedure at the foot of every page.
This page was compiled by Finass Verzekert (LinkedIn). Last updated on .
The information on this page is general in nature and is not personal advice.