Borrow with confidence
"},"icon":{"transformBaseUrl":"https://assets.ing.com/transform/3595e886-8fed-4e09-9b3c-a3bfb424a8bc/Multimedia-Video_Quality_Outline","type":"image","width":32,"altTextNL":"\"\"","original":"https://assets.ing.com/m/145d0eb66bbdbc37/original/Multimedia-Video_Quality_Outline.svg","extension":"svg"},"paragraphs":[{"componentType":"paragraph","richBody":{"value":"During your application, we'll review your information and perform a few thorough checks. This will help us determine if the amount you'd like to borrow is realistic and sensible.
"}}]},{"title":{"value":"Fixed monthly repayments
"},"icon":{"transformBaseUrl":"https://assets.ing.com/transform/93160bf2-e0a9-463b-a803-c9bed727257d/Transactions-Transfer_Out_Euro_Outline","type":"image","width":32,"altTextNL":"\"\"","original":"https://assets.ing.com/m/36a20623fa4c307f/original/Transactions-Transfer_Out_Euro_Outline.svg","extension":"svg"},"paragraphs":[{"componentType":"paragraph","richBody":{"value":"The purpose and amount of your loan, home ownership and your risk profile determine the fixed interest rate on your personal loan.
"}}]},{"title":{"value":"On good terms
"},"icon":{"transformBaseUrl":"https://assets.ing.com/transform/5088d817-3e5e-4106-866e-bc520fbd75fc/Feedback-Thumbs_Up_Outline","type":"image","width":32,"altTextNL":"\"\"","original":"https://assets.ing.com/m/7a2e6a3256ab6223/original/Feedback-Thumbs_Up_Outline.svg","extension":"svg"},"paragraphs":[{"componentType":"paragraph","richBody":{"value":"You can always make extra payments without any penalty. You can also extend your loan term or borrow more.
"}}]}]},{"componentType":"sectionTitle","title":"How do I apply for a renovation loan?"},{"componentType":"applicationProcess","steps":{"title":"Get a loan in 3 steps","stepList":[{"title":"Explore your options","body":"Fill out our loan guide to get an indication of the interest rate and costs. Please review all the information carefully.","textLink":{"url":"/en/personal/loans/what-does-borrowing-cost","text":"Get a cost estimate"}},{"title":"Request a quote","body":"If you'd like to know exactly how much your loan will cost and how much you can borrow, request a free quote. No strings attached.","textLink":{"url":"https://mijn.ing.nl/banking/loans/personal-loan-apply","text":"Apply for a personal loan"}},{"title":"Agree to the terms","body":"If you accept our offer, let us know in My ING and send us the required documents (if applicable). We usually open your loan immediately afterwards."}]}},{"componentType":"sectionTitle","title":"Frequently asked questions about borrowing money for a renovation"},{"componentType":"accordion","accordionList":[{"title":"Do you get a BKR registration when taking out a loan?","richBody":{"value":"We let the Central Credit Registration Office (BKR) know you've taken out a personal loan. This is called a positive registration.
"},"textLinks":[{"url":"/en/personal/loans/information-about-borrowing/bkr","text":"More about BKR"}]},{"title":"Does ING provide advice?","richBody":{"value":"ING does not provide advice. You assess yourself whether the product suits your wishes, needs, and personal situation, and whether you choose this product.
"}},{"title":"Almost 70 years old?","richBody":{"value":"A Personal Loan must be fully repaid by the time you turn 75. Are you almost 70? Then the maximum loan term is 60 months.
"}},{"title":"What are the pros and cons of a personal loan?","richBody":{"value":"Pros:
Subject to certain conditions, you may deduct the interest you pay on your Personal Loan, if it is used to improve your home, from your income tax.
Cons:
Voorwaarden Persoonlijke Lening (PDF)
Terms & Conditions Persoonlijke Lening (PDF)
"}},{"title":"How does a personal loan work?","richBody":{"value":"You can use the money immediately.
You’ll pay a fixed monthly instalment consisting of principal and interest until you’ve repaid your loan in full. This way, you’ll know exactly what to expect.
Below you’ll find the maximum costs (highest interest rates) and minimum costs (lowest interest rates) for a Personal Loan with the purpose ‘renovation’. Want to know exactly how much you’ll pay with us? Then request a quote with no obligation.
"}},{"componentType":"paragraph","richBody":{"value":"The highest interest rates for personal loans (please note your actual interest may be higher!)
| Credit amount | Term in months | Fixed debit interest rate | Annual Percentage Rate (APR) | Monthly costs | Your total amount due |
|---|---|---|---|---|---|
| € 2,500 | 120 | 11,9% | 15,0% | € 34,85 | € 4.182,00 |
| € 5,000 | 120 | 11,6% | 13,2% | € 68,95 | € 8.274,00 |
| € 10,000 | 120 | 11,4% | 12,2% | € 136,89 | € 16.426,80 |
| € 15,000 | 120 | 11,0% | 11,5% | € 202,20 | € 24.264,00 |
| € 25,001 | 120 | 10,5% | 10,8% | € 330,83 | € 39.699,60 |
| Offered by: ING Bank NV, Bijlmerplein 888, 1102 MG Amsterdam, Handelsregister Amsterdam nr. 33031431. |
The lowest interest rates for a personal loan (please note your actual interest may be higher!)
| Credit amount | Term in months | Fixed debit interest rate | Annual Percentage Rate (APR) | Monthly costs | Your total amount due |
|---|---|---|---|---|---|
| € 2,500 | 120 | 10,0% | 13,1% | € 32,44 | € 3.892,80 |
| € 5,000 | 120 | 9,5% | 11,1% | € 63,63 | € 7.635,60 |
| € 10,000 | 120 | 7,6% | 8,4% | € 117,89 | € 14.146,80 |
| € 15,000 | 120 | 6,7% | 7,3% | € 170,35 | € 20.442,00 |
| € 25,001 | 120 | 6,5% | 6,8% | € 281,50 | € 33.780,00 |
| Offered by: ING Bank NV, Bijlmerplein 888, 1102 MG Amsterdam, Handelsregister Amsterdam nr. 33031431. |
Total loan amount - The agreed amount that you borrow.
Term/instalments in months - A personal loan has a fixed loan term – 60 months, for instance. You'll repay the total amount you've borrowed during this period. You cannot withdraw repayments once they're paid.
Fixed interest rate - The interest rate that you pay for the loan on an annual basis. For a personal loan, the interest you pay is fixed for the entire term.
Annual percentage rate (APR) - This rate consists of the interest you pay for the loan and additional charges, calculated per year. An ING loan requires an ING current account. When you take out a personal loan and open a current account, you can choose our orange package (OranjePakket), which includes My ING and the free mobile banking app. You can choose not to use your debit card for payment terminals and ATMs.
Instalment (per month) - The monthly interest and principal payment for your loan.
Total loan cost - For personal loans, this is the total amount you pay in interest and principal.