Refinance a loan – Save immediately on interest and monthly costs
Are you now paying too much interest on your loan or credit? Then it is smart to look at one transfer loan. By transferring an existing loan or revolving credit to a new loan with a lower interest rate, you can often save a lot on your monthly costs and be debt-free faster.
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Refinance a loan – Save immediately on interest and monthly costs
Are you now paying too much interest on your loan or credit? Then it is smart to look at one transfer loan. By transferring an existing loan or revolving credit to a new loan with a lower interest rate, you can often save a lot on your monthly costs and be debt-free faster.
Quick start
- Online tool
- Personal advice
- Response within 1 working day
What does transferring a loan mean?
A transfer loan means that you pay off your current loan(s) with a new loan that has better conditions. This could, for example, be a lower interest rate, a shorter term or a loan that better suits your financial situation.
Many people transfer their loans to:
✔ To benefit from a lower interest rate
✔ Get lower monthly costs
✔ Multiple small loans can be combined into one clear loan
✔ Be debt-free faster
The loan compare en is compared with all, so that you receive the best offer for the loan.
Advantages of transferring a loan
🔹 Lower interest rate – Banks and lenders nowadays often charge lower interest rates than a few years ago.
🔹 Lower monthly costs – With a lower interest rate or longer term, you pay less monthly.
🔹 More overview – One loan instead of multiple small loans or credits.
🔹 Pay off faster – If you choose a shorter term, you will be debt-free sooner.
Points to consider when transferring a loan
Transferring a loan often has advantages, but please note:
Sometimes you pay penalty interest or closing costs with your current loan.
A longer term means lower monthly costs, but often also higher total costs.
Not every loan can always be refinanced immediately.
That is why it is smart to compare carefully or ask for advice before transferring a loan.
Who is refinancing a loan suitable for?
✔ People with a loan or revolving credit at a high interest rate
✔ Homeowners who want to save on their monthly costs
✔ Anyone who has several small loans and wants an overview
✔ People who want to be debt-free faster
Transfer a loan via Finass Verzekert
Do you want to know how much you can save by... to transfer a loan? Bee Finass Insures We compare the best lenders and ensure that you benefit from a lower interest rate, lower monthly costs and favorable conditions.
👉 Request a quote today without obligation and discover how much you can save by transferring your loan through Finass Verzekert!
Frequently asked questions - Transfer a loan
NB: Borrowing money costs money. The information below is general and no personal advice. Interest/rates may change and there is usually one BKR registration .
What does transferring a loan mean?
You stops your current loan(s) and take a new loan with different conditions (interest/term). Goal: lower monthly costs or less interest overall, or bundling multiple credits.
When is refinancing interesting?
If the new interest rate is clearly lower, you duration suits your purpose, and the costs (fine/closing costs) pay for themselves within a reasonable period.
What costs do I need to include?
Penalty interest/termination fees current loan, closing/administration costs new loan and possibly consultancy costs. Add them up and compare them to the interest savings.
How do I calculate whether it is worth it?
Compare it APR (Annual Percentage Rate), look at remaining term and residual debt, and create one break even estimate: in how many months will you earn back the refinancing costs?
Can I combine multiple loans?
Yes, that's called consolidate (e.g. revolving credit + personal loan + credit card debt). One clear one term and often lower interest, provided you do not unnecessarily extend your term.
What happens to my BKR registration?
The old loan becomes unsubscribed and the new loan becomes registered again with the limit/principal amount. This counts towards your future borrowing capacity .
Converting fixed or variable interest rates — does it make sense?
Old revolving credit with variable interest is often cheaper personal loan with fixed interest/term. You get more security about end date and total costs.
Is extending the term wise?
Lower monthly costs are nice, but one long term can the total interest increase. Choose the shortest possible term that you can comfortably afford.
Can I make additional repayments in the meantime?
At one personal loan may make additional repayments often limited without penalty; check conditions. A revolving credit is more flexible, but usually has variable interest rate .
What documents/information are required for a transfer?
Identification, income data (payslip/IB), housing costs, overview of current loans (residual debt/interest), and sometimes bank statements. One follows affordability test .
Can I refinance together with my partner?
Yes, joint can. Both applicants are then joint and several debtor; income and liabilities are assessed together.
What are common mistakes when transferring?
Just look at the monthly payment (instead of total costs), term too long, and no bill take into account refinancing costs or BKR impact. Always leave one comparison to make.
How do I request a personal calculation example?
We make a comparison based on you residual debt, interest and term and show it difference in total costs .
Exact conditions and rates differ per provider and are subject to change. Do you want certainty whether refinancing really pays off? Then ask one personal calculation On.
