What we do not do
- No credit advice
- No brokerage
- A referral instead
Personal loan: we refer you on
With a personal loan everything is fixed: the amount, the interest rate, the instalment and the date on which the debt reaches zero. That makes it predictable, not automatically cheap.
- 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
The calculator and the quote form below are in Dutch. Prefer to do this in English? Email info@finassverzekert.nl or call 072 - 509 24 56 and we will take it from there.
- 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. A personal loan is a fixed amount paid out in one go which you repay in equal instalments at an interest rate that stays unchanged for the whole term. What you have repaid cannot be drawn again. From the first instalment you know what the whole thing will cost and when you will be finished.
The question that saves the most money here is not the interest rate but the term. A longer term reduces your monthly payment and increases the total cost of credit, sometimes considerably. The benchmark is the useful life of what you buy with it: with a car, a refurbishment or a course of study you do not want to still be paying for something that no longer exists.
Finass Verzekert advises on and arranges non-life insurance under AFM licence 12016589 and holds no credit licence. We do not draw up loans, do not assess applications and do not advise on the interest rate or the term. We refer you to a provider with the appropriate registration. It consults the BKR and assesses independently whether the payments are affordable.
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 a personal loan?
The division of roles between us and the firm providing the loan.
What to look out for
What determines the price of a fixed loan.
- Compare on APR
- Term and purpose
- Costs of 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 amount borrowed, the interest rate and the term | No | Yes |
| An income and BKR (the Dutch credit register) check | No | Yes |
| The credit agreement and repayment schedule | No | Yes |
| Assessing a request for early repayment | 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
- Annual percentage rate. It combines interest and charges in one figure per year. The only fair point of comparison.
- Total cost of credit. What you repay over the whole term above what you borrowed, in euros.
- Term against the purpose. The loan should not run longer than the purchase or refurbishment can reasonably be expected to last.
- Early repayment charge. With a fixed rate the provider may charge for interest lost; ask about it in advance.
- Instalment against what you can afford. The provider assesses your income and fixed outgoings; allow for setbacks in your own sums too.
- 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 the amount and the purposeThe purpose determines the maximum period over which the loan may run.
- You compare on APRCompare the credit information from several licensed providers side by side.
- The provider assesses and recordsIncome, fixed outgoings and the BKR determine whether the loan 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 whether a fixed loan works out well.
Do not borrow for longer than the purpose lasts
If the loan runs longer than what you buy with it, you are paying instalments for a car that has already been traded in or a kitchen that has since been replaced. So first establish the expected useful life of the purchase and choose a term within it. A shorter term means a higher monthly payment and almost always a lower total cost of credit. Ask for two quotations with different terms and set the total costs side by side.
A fixed rate says nothing about how high it is
Certainty about the rate only means that the percentage does not change, not that it is favourable. Two offers with the same instalment can differ widely in what you have paid at the end, purely through differences in term and rate. So set the annual percentage rate side by side and ask for the pre-contractual information, which also states the total cost of credit and the repayment schedule.
Early repayment is always allowed, but not always free
With consumer credit you have the right to make extra repayments or repay in full. Because the interest rate is fixed here, the provider may charge a fee for the interest lost. That fee is capped by law and becomes smaller as the remaining term shortens. Before you sign, ask for a concrete worked example and have it recorded how the provider determines that fee; negotiating afterwards will not work.
A rejection is information, not an obstacle
If your application is refused, the assessment shows that the payments do not fit your income and fixed outgoings, or that there are arrears registered with the BKR. Ask the provider for the reason. Carrying on searching until a provider says yes is usually the most expensive route and often leads to unlicensed providers. There you miss out on the statutory credit information, the right of withdrawal and access to Kifid.
Early repayment is allowed, but not always free
With consumer credit you may always make extra repayments or repay in full. The provider may charge a fee for it where the interest rate is fixed. That fee is capped by law and disappears as the remaining term shortens. Ask about the in advance and have the answer included in the agreement.
An assessment is part of it
Licence holders consult the BKR for credit from € 250 with a term longer than one month and assess whether the payments fit your income and fixed outgoings. A refusal is information about what you can afford. Providers advertising loans without a check generally do not hold that licence.
Frequently asked questions
This is what people ask us most.
What exactly is fixed with a personal loan?
The amount borrowed, the interest rate, the term and the instalment. That also fixes the end date and the total price from day one. What you repay cannot be drawn again. That is the main difference from revolving credit. If you want to borrow more later, that is a new application with a new assessment.
Can I repay early and what does that cost?
Repayment is always allowed. Because the interest rate is fixed, the provider may charge a statutorily capped fee for the interest lost. The shorter the remaining term, the lower it is. On a loan that is nearly finished it is often negligible. Ask for a specific calculation before you decide, and compare it with the interest you would still pay.
Do I have to take out payment protection?
No, that is not a requirement on our part. Credit providers sometimes offer such insurance for incapacity for work, unemployment or death. Assess it on the waiting period, the payment period in months and the exclusions, including temporary contracts and existing conditions. First check whether you already have comparable cover through your employer or an existing policy.
What if my application is refused?
Ask the provider for the reason. Often the payments do not fit your income and fixed outgoings, or there are arrears registered with the BKR. More sensible than searching on is to reduce the amount, adjust the term or postpone the purchase. Providers advertising loans without an assessment generally hold no licence.
Every situation is different. For these situations we have a separate page.
- Finance: we refer you onThe main page
- Consumer credit: we refer you onPlease note: borrowing money costs money, APR, 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
- Borrowing money: we refer you onPlease note: borrowing money costs money, APR, BKR check
- How much can I borrow?Please note: borrowing money costs money, APR, 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
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. Last updated on .
The information on this page is general in nature and is not personal advice.