As of 1 July 2023, ING overdraft for students can no longer be applied for. You can still change your ING overdraft for students as long as you have a student account. You can also choose to end it. You can use an overdraft on your student sccount with ING overdraft. If you already have ING overdraft for students, the information below applies to you.
"}},{"componentType":"paragraph","title":"Change or end","richBody":{"value":"Do you want to change or end ING overdraft for students? You can do this in Mijn ING. Once your ING overdraft for students has been changed or ended, you will receive a confirmation.
You can use ING overdraft for students to overdraw your student account up to an agreed amount (your credit limit). This allows you to make card payments, withdraw cash, and pay your bills at times when you don’t have enough money in your account.
You pay a variable interest rate on the amount you use %{prijs.pkv:ING.Rood.Staan.Studenten.allelimieten.perc}%.
We deduct certain amounts from your student account for example, credit card payments or interest on your overdraft. If you don’t have enough available balance, you may become overdrawn without permission, which means you exceed your limit. You must repay this excess amount immediately.
From October 2024 onwards, you no longer pay interest on an excess amount (but you still pay interest on the part within your limit!).
If you do not repay the excess amount within one month, we may end your ING overdraft for students. You will then be overdrawn for the full negative balance on your Student Account without our permission (an excess).
Example:
You have a €500 limit, but your balance is €550 overdrawn. If you do not bring your balance back within your €500 limit within one month, we will end your ING overdraft for students. You will then no longer have an overdraft product, and you will be overdrawn for the full negative balance on your student account without our permission.
If you are at least €250 over the limit allowed by your spending limit, we will report this payment arrears to BKR. These reports are called negative BKR registrations. A negative BKR registration may have consequences if you want to borrow money again or buy a home. You may not be able to take out a new loan.
"}},{"componentType":"paragraph","title":"How long can I be overdrawn?","richBody":{"value":"From the moment you go into overdraft, you have 3 months to repay the outstanding amount (the overdraft plus any interest owed). After that, your current account must have a positive balance for at least one full day (24 consecutive hours).
Once this requirement is met, you can use your overdraft again with our permission for another period of up to 3 months.
If you remain overdrawn for longer than 3 months, ING may reduce the limit on your Student Account to €0. This means you can no longer use your overdraft and you will be overdrawn beyond your limit (an excess). In that case, the excess is the full negative balance on your Student Account. You must repay this excess as soon as possible (within the set deadline).
When you take out ING overdraft for students, there are costs involved. Below you can see the interest rates for each maximum overdraft limit. The limit that suits you depends on your personal situation.
| Totale kredietbedrag | Variabele debetrentevoet | Maandbedrag | Duur | Andere kosten | Jaarlijks kostenpercentage |
|---|---|---|---|---|---|
| € 250 | %{prijs.pkv:ING.Rood.Staan.Studenten.lim250.debetrentevoet.perc}% | € 1,88 | Onbepaald | € 0 | %{prijs.pkv:ING.Rood.Staan.Studenten.lim250.JKP.perc}% |
| € 500 | %{prijs.pkv:ING.Rood.Staan.Studenten.lim500.debetrentevoet.perc}% | € 3,75 | Onbepaald | € 0 | %{prijs.pkv:ING.Rood.Staan.Studenten.lim500.JKP.perc}% |
| € 1.000 | %{prijs.pkv:ING.Rood.Staan.Studenten.lim1000.debetrentevoet.perc}% | € 7,50 | Onbepaald | € 0 | %{prijs.pkv:ING.Rood.Staan.Studenten.lim1000.JKP.perc}% |
| Aanbieder | ING Bank NV, Bijlmerplein 888, 1102 MG Amsterdam | Handelsregister Amsterdam nr. 33031431 |
You will always be informed of any interest rate increases at least 30 days in advance.
The debit interest rate is variable and equals the maximum credit fee minus
2,8%. Per %{prijs.pkv:ING.Rood.Staan.Studenten.ingangsdatum.ddmmmjjjj}% is de debetrentevoet %{prijs.pkv:ING.Rood.Staan.Studenten.allelimieten.perc}% (12% - 2,8%). Wijzigingen voorbehouden.Total credit amount
The agreed amount you can overdraw at most (your limit).
Variable debit interest rate
The effective annual interest rate you pay for the credit.
The debit interest rate is variable and equals the maximum credit fee minus 2.8%.
The current maximum credit fee is 12%.
This means you pay %{prijs.pkv:ING.Rood.Staan.Studenten.allelimieten.perc}% (12% – 2.8%).
Subject to change.
Monthly amount
This is the mandatory monthly payment if you have used the full credit amount for the entire month. For this product, the monthly amount consists only of interest. You are not required to repay monthly, but you may repay at any time without penalty. You pay interest only on the amount you actually use. The monthly amount is deducted in arrears each month.
Duration
The agreement has an indefinite duration.
Other costs
These are the costs that, in addition to interest, form part of the total cost of the credit.
For example, the costs of a current account at ING that is required to use the credit.
ING overdraft for students is linked to a free Student Account, so these costs are €0.
Annual Percentage Rate (APR)
This is the interest and any other costs you pay for the credit, expressed as an annual percentage of the total credit amount.
Because the student account is free of charge, the APR is equal to the debit interest rate.
For the calculation of this percentage, we assume the following:
When you take out a loan, you pay interest. This is also called a credit fee.
The maximum credit fee is the highest interest rate we are allowed to charge you for a credit.
Since 1 January 2026, the maximum credit fee has been 12%. This percentage is determined by the Dutch government.
The maximum credit fee consists of the variable statutory interest rate plus a maximum surcharge.
The government has set this maximum surcharge structurally at 8%.
Because the statutory interest rate fell from 6% to 4% on 1 January 2026, the maximum credit fee automatically fell from 14% to 12%.
The statutory interest rate is linked to market interest rate developments, meaning it has become cheaper for lenders to obtain funding. See also the Dutch government’s Q&A for more details.
For ING overdraft for students, the interest rate is variable and equals the maximum credit fee minus a fixed discount of 2.8%.
From 1 January 2026, we apply the new maximum credit fee of 12%, so your interest rate becomes 9.2% (12% – 2.8%).
oING, like other banks and lenders, is required to report limits above €250 to BKR. This is a so‑called positive registration. Do you always pay on time? Then your registration remains positive. Only if a payment arrears occurs does it become a negative registration. ING overdraft for Students up to €250 is not reported to BKR.
When your ING overdraft ends, ING will deregister it with BKR.
"},"textLinks":[{"url":"/en/personal/loans/information-about-borrowing/bkr","text":"More about BKR registration"}]},{"componentType":"paragraph","title":"Comparison of payment services","richBody":{"value":"Under the European Current Accounts Directive and its implementation by the Dutch Authority for the Financial Markets (AFM), we use “Fee Information Documents” for several services linked to current accounts, including overdrafts.
If you are no longer studying or you turn 30, ING will automatically convert your student account into a current account as part of the OranjePakket. Your ING overdraft for students will also be converted to ING overdraft. Your limit will remain the same. For ING overdraft, you pay the higher standard interest rate on the amount you use. You will then also start paying the costs for the OranjePakket.
The money coming in and going out of your student account affects the amount you are overdrawn.
Are you overdrawn? Then you have three months to make sure your balance is positive for at least 24 hours.
The maximum limit depends, among other things, on the monthly income paid into your Student Account and whether you have an ING credit card. Monthly DUO payments do not count as income. For ING overdraft for Students, the maximum limit is €1,000. You can change the limit of ING overdraft for students free of charge. We always assess your request.
"}},{"componentType":"paragraph","title":"How much does an overdraft cost?","richBody":{"value":"You only pay interest on the amount you are overdrawn. Because ING overdraft for Students is linked to a free Student Account, there are no additional costs.
The table below gives you a few example calculations of the interest you pay for different overdraft amounts.
The interest you pay depends on how much you were overdrawn and for how long.
Read here how we calculate interest. The current variable debit interest rate is %{prijs.pkv:ING.Rood.Staan.Studenten.allelimieten.perc}% per jaar (effectief).
If you are €500 overdrawn for one day, you pay about €0.15 in interest for that day.
The interest costs for being overdrawn for a full month are shown in the table. Depending on the number of days in the month, the actual monthly amount may differ slightly.
If you stay overdrawn for longer than one month, compound interest will apply.
Annual Percentage Rate (APR) for ING overdraft for Students
| Totale kredietbedrag | Variabele debetrentevoet | Maandbedrag | Duur | Andere kosten | Jaarlijks kostenpercentage |
|---|---|---|---|---|---|
| € 250 | %{prijs.pkv:ING.Rood.Staan.Studenten.lim250.debetrentevoet.perc}% | € 1,88 | Onbepaald | € 0 | %{prijs.pkv:ING.Rood.Staan.Studenten.lim250.JKP.perc}% |
| € 500 | %{prijs.pkv:ING.Rood.Staan.Studenten.lim500.debetrentevoet.perc}% | € 3,75 | Onbepaald | € 0 | %{prijs.pkv:ING.Rood.Staan.Studenten.lim500.JKP.perc}% |
| € 1.000 | %{prijs.pkv:ING.Rood.Staan.Studenten.lim1000.debetrentevoet.perc}% | € 7,50 | Onbepaald | € 0 | %{prijs.pkv:ING.Rood.Staan.Studenten.lim1000.JKP.perc}% |
| Aanbieder | ING Bank NV, Bijlmerplein 888, 1102 MG Amsterdam | Handelsregister Amsterdam nr. 33031431 |
The total amount you pay for ING overdraft for Students depends, among other things, on how long you use the credit. Because we do not know how long you will use this overdraft, we cannot calculate the total amount payable.
You will always be informed of any interest rate increases at least 30 days in advance.
The debit interest rate is variable and equals the maximum credit fee minus
. Per %{prijs.pkv:ING.Rood.Staan.Studenten.ingangsdatum.ddmmmjjjj}% is de debetrentevoet %{prijs.pkv:ING.Rood.Staan.Studenten.allelimieten.perc}% (12% - 2,8%). Wijzigingen voorbehouden.Total credit amount
The agreed amount you can overdraw at most (your limit).
Variable debit interest rate
The effective annual interest rate you pay for the credit.
The debit interest rate is variable and equals the maximum credit fee minus 2.8%.
The current maximum credit fee is 12%.
This means you pay %{prijs.pkv:ING.Rood.Staan.Studenten.allelimieten.perc}%.
Monthly amount
This is the mandatory monthly payment if you have used the full credit amount for the entire month.
For this product, the monthly amount consists only of interest.
You are not required to repay monthly, but you may repay at any time without penalty.
You only pay interest on the amount you are overdrawn.
The monthly amount is deducted in arrears each month.
Duration
The agreement has an indefinite duration.
Other costs
These are the costs that, in addition to interest, form part of the total cost of the credit.
For example, the costs of a current account at ING that is required to use the credit.
For ING overdraft for Students, you use a free Student Account, so these costs are €0.
Annual Percentage Rate (APR)
This is the interest and any other costs you pay for the credit, expressed as an annual percentage of the total credit amount.
Because the Student Account is free of charge, the APR is equal to the debit interest rate.
To calculate this percentage, we assume:
You can find information about how ING calculates interest on the negative balance of your account, as well as a complete overview of the costs associated with ING payment products and services, here.
"}},{"componentType":"linkList","componentStyle":"default","iconTitle":{"title":"Terms and conditions for ING overdraft for students"},"textLinks":[{"url":"https://assets.ing.com/m/1dc3e985f08278d9/original/Terms-and-Conditions-ING-Student-Overdraft.pdf","text":"Terms and Conditions ING Student Overdraft"}]},{"componentType":"linkList","iconTitle":{"title":"Want to know more about borrowing?"},"textLinks":[{"url":"/particulier/lenen/hoeveel-kan-ik-lenen","text":"How much can I borrow?"},{"url":"/en/personal/loans/our-loans/overdraft","text":"Overdraft"},{"url":"/en/personal/loans/what-does-borrowing-cost","text":"What does borrowing cost?"},{"url":"/en/personal/loans","text":"Loans"},{"url":"/particulier/lenen/informatie-over-lenen/kleine-lening","text":"Borrowing a small sum"},{"url":"/particulier/lenen/informatie-over-lenen/bkr","text":"Loans and Central Credit Registration Office (BKR)"},{"url":"/particulier/lenen/onze-leningen/doorlopend-krediet","text":"Revolving credit"},{"url":"/particulier/lenen/lening-aanvragen","text":"Apply for a loan"},{"url":"/particulier/lenen/jouw-leendoel/zonnepanelen-financieren","text":"Finance solar panels"},{"url":"/en/personal/loans/your-goals/car-loan","text":"Borrow money for a car"},{"url":"/en/personal/loans/use-my-loan/overdraft-everything-under-control","text":"Change your overdraft limit"},{"url":"/particulier/betalen/tarieven/vergelijking-betaaldiensten","text":"Payment services comparison"}]},{"componentType":"cards","cards":[{"componentType":"serviceCard","cardType":"service","cardSize":"small","title":"Borrow with peace of mind","intro":"See how this works with us (even when things don’t go as planned)","image":{"transformBaseUrl":"https://assets.ing.com/transform/f04b003d-b14d-4bee-b3c2-9fea61b10aac/Smiling-Ceramicist-Young-Woman-Making-Clay-Cups-In-Her-Studio","type":"image","width":2116,"original":"https://assets.ing.com/m/54f8cf16cb779a96/original/Smiling-Ceramicist-Young-Woman-Making-Clay-Cups-In-Her-Studio.jpg","extension":"jpg"},"link":{"url":"/en/personal/loans/information-about-borrowing/borrowing-with-peace-of-mind"}}]}]}}}