What is a Personal Loan? Pros and Cons

What is a Personal Loan?

A personal loan is a loan in which the loan amount, the interest rate and the term are known in advance. You will receive the amount in your bank account in one go and you will pay a fixed monthly amount. You can read more about how a Personal Loan works, what the characteristics are and when it is suitable. .

A Personal loan explained in 100 seconds

What is a Personal Loan? And for whom is the loan suitable? Watch the video clearly explaining the characteristics of a Personal Loan. It is important that you yourself can make a responsible decision about which loan form best suits your situation. For more information you can also consult ‘Which loan suits me’ .

Features Personal loan

Below you can see the characteristics of a Personal loan in a row. Click on an attribute for more information on this topic. Do you have more questions? Please contact us. We like to help you!

Personal loan

Do you like clarity? Do you only want to borrow money to buy something once? Then the Personal loan may suit you better. You opt for a fixed interest rate, a fixed monthly amount and a fixed term. Your loan will be repaid in full at the end of the term.

When suitable

A Personal loan is suitable for a one-off expense of which you know the exact costs. With a Personal Loan, you have security in the form of a fixed term and a fixed interest that is agreed with you in advance.

Fixed interest

With a Personal loan, the interest is fixed for the entire term. This can therefore not change.

Fixed term

The term is fixed, so you know exactly when the loan has been repaid.

Fixed monthly amount

You pay a fixed amount every month. This consists of part repayment and part interest.

Rather redeem earlier

At Bank you can always pay off without penalty. It is advisable to make additional repayments as soon as you have the financial space for this. Extra repayments will shorten the term of your loan and reduce the total cost of your loan.


Your age is from 21 to 68 years.

How much can you borrow

Depending on your need and financial possibilities between € 5,000 and € 75,000.

Can I withdraw repaid amounts

No, you can not re-record amounts repaid once. You know in advance exactly when your loan has been repaid.


Bank is an expert in the field of online money borrowing

For more than 20 years, Bank has been helping customers find a suitable and advantageous loan. Bank steel all these years under the supervision of the Netherlands Authority for the Financial Markets (AFM). Bank also has a license for offering credit to consumers. Bank is also affiliated with the Association of Financing Companies in the Netherlands (VFN). This means that Bank must comply with the VFN code of conduct: providing clear information, conditions and providing responsible loans to consumers. Read more about Bank .

At Bank you can apply for your Personal loan completely online

We do not advise you, but we would like to inform you as completely as possible about what lending means to you. You choose yourself which loan best fits your personal and financial situation. You also calculate the costs for a Personal Loan through our handy calculation tool. Have you calculated the desired loan? Then you can always request a free quote for a loan from Bank. With a quote from Bank you are nowhere fixed. Read more about how a loan application works at Bank .

That is why Bank

  • Apply for a full online loan
  • Our high customer rating
  • Pay off without a penalty
  • Low interest rates from 5.5%