Because it’s important that your adjusted loan still fits your situation, we assess a change to your loan as a new application. This means:
Want to borrow more? You can arrange this in two ways:
1. Don’t want two separate loans but just one? Then choose ‘Increase loan’ in My ING. There you indicate the amount you want to add to your current loan.
Note: If your old loan started before 1 July 2023, the death coverage does not apply to the new loan.
2. Prefer to keep your existing loan and take out a second one?
Request a new loan in My ING and enter the amount you want to borrow. After approval, you'll pay a monthly instalment for both loans.
Note: When borrowing extra, the interest rate may change. You’ll see the new rate and monthly instalment in your application and loan offer.
"}},{"accordionList":[{"richBody":{"value":"If you have a personal loan
Want to reduce your credit amount? You can do this via ‘Increase loan’ in My ING. You apply for an extra loan amount that’s at least €500 higher than your current outstanding balance.
Example: You borrowed €10,000 before, and your current balance is €5,000. Then you request at least €5,500.
If you have a revolving credit
Via 'Convert loan' in My ING, you can convert your revolving credit into a personal loan. Only the outstanding balance of your revolving credit is converted. You receive a new contract. Your revolving credit is repaid and closed with the amount of the personal loan.
"},"title":"Lower your total credit amount"},{"richBody":{"value":"If you have a personal loan
Use ‘Increase loan’ in My ING. Request an extra amount (minimum €500 above your current outstanding debt). By choosing a longer term, you can lower your monthly instalment.
Note: A longer term can mean paying more interest in total.
If you have a revolving credit
Convert your revolving credit into a personal loan via ‘Convert loan’. Your credit amount becomes lower, and depending on the chosen term, your monthly instalment may also decrease. You’ll receive a new contract. Your revolving credit is repaid and closed.
"},"title":"Lowering the monthly instalment of your loan"},{"richBody":{"value":"You can postpone your monthly loan instalment once per calendar year.
"},"textLinks":[{"text":"Here's how it works","url":"/en/personal/loans/use-my-loan/postpone-monthly-instalment"}],"title":"Postponing your monthly instalment"},{"richBody":{"value":"By repaying extra, you shorten your loan term. Your loan balance decreases, and you finish repaying sooner.
You can repay your loan in full at any time, free of charge. Here’s how:
You’ll see the remaining balance including interest. Has your loan been repaid in another way (for example through a notary) but not yet closed? There may still be a small amount of interest outstanding. Please contact us.
On https://www.ing.nl/en/personal/customer-service you’ll find how to do this.
Want to change the payment account linked to your loan? You can do this in the ING or in My ING. Go to your loan and select ‘Manage’. Under ‘Change linked current account’, click ‘Edit’. You can change it to any ING payment account in your name, including a joint ING account.
"}},{"componentType":"sectionTitle","title":"Requesting a debt overview"},{"componentType":"paragraph","richBody":{"value":"Need a statement of your debt overview? Request it via the ING App or in My ING. Go to your loan → ‘Manage → ‘Request debt overview’. You can only request the overview as of today’s date. If you need it for a future date, please request it on that date. You’ll receive the overview immediately in your inbox and can download it from there.
"}},{"componentType":"sectionTitle","title":"Other frequently asked questions about adjusting your loan"},{"accordionList":[{"richBody":{"value":"If you want to change the account linked to your personal loan, you can do this in the ING App or in My ING. The linked account must be in the name of at least one of the contract holders. Changing the linked account works as follows:
Log in to Mijn ING
Select your revolving credit
In the overview of your revolving credit, click the ‘Convert loan’ button
The application process for the conversion will then start