Do you want to borrow a larger amount?

Loans come in all amounts, from a small short-term credit to a mortgage on your house of a very large amount. Sometimes you need some money to bridge a short period with some bills. But it may also be that you want to borrow a large amount , for example for the purchase of a car or a boat. If you apply for these types of loans, it is normal that a review is done at BKR. You will therefore need to have a good payment history on loans that you have taken out in the past. Otherwise you will not be eligible to borrow a large amount. Few lenders will want to give you a loan if you have a bad BKR coding.

Everyone wants large amounts in your account. One way to get it is to borrow it. If you really want to have or do something. Then you sometimes need an amount that you do not have yourself. You could then save years for it, but you can also take out a loan for it. You could think of taking out a loan for a nice new car, but it could also be your world trip, or a new kitchen with all modern appliances in it. There can be a different reason for everyone to want to borrow a large amount. It is also different for everyone what a large amount is.

If you borrow a car, one person is already happy with a car of 10,000 US dollars, the other will go for that big beautiful hybrid car of 50,000 US dollars. Any loan is possible, as long as you are able to repay the loan. Whether you qualify for a loan of a large amount also depends on that. How much you can borrow depends on your income, the security of your income. Lenders usually prefer to lend to someone with a permanent job than to a self-employed person. Although the self-employed person sometimes earns a lot more. The relative certainty of a steady income at a larger company or perhaps the government makes lenders a lot more accommodating.

Risks with a large amount.

If you want to borrow a large amount, that is of course not without risks. For example, you can become ill and therefore have less income. Or even worse completely incapacitated for work. In that case too, you must be able to continue to pay your loan. The interest and repayments must continue as usual. That is something to think carefully about if you want to take out a large loan.

Almost all lenders are obliged to carry out the so-called bkr test if you want to borrow money from them. What the lenders then do with this information is not laid down by law. This means that a company can still offer you a loan, despite your possible broker code.

You financial picture for the loan

For a loan, your financial picture is taken into account. This includes your monthly expenses, your monthly income and other financial obligations. The credit companies do not take great risks and would like some security with regard to the repayment of your loan.

Check yourself.

If you yourself go into business with a provider of the so-called loan, it is important that you obtain information in advance. You can see whether the lender with which you may be doing business is well known, so that you are not faced with unpleasant surprises afterwards. You can often check this on the AFM site. But also inform yourself on forums about borrowing how a lender is known. Especially when borrowing a large amount , you want to know in advance who you are going to work with. You cannot simply have a large loan taken over by another party.