If you have a credit mortgage, you pay a variable interest rate. This rate is a
variable rate based on the Euribor plus a margin, which is set monthly.
If you switch to another type of mortgage, you can choose a fixed interest rate, which may be lower than an annuity mortgage or a linear mortgage. You gain longer-term certainty about your interest payments, and these may be lower depending on the mortgage type, your loan‑to‑value ratio and your fixed‑rate period. An Euribor rate is variable and does not provide certainty about your future interest costs. This rate rises and falls in line with market interest rates.
"},"title":"1. You can benefit from a lower interest rate"},{"richBody":{"value":"With a credit mortgage, you repay the full debt in one lump sum at the end of the term. If you convert your mortgage to a type with monthly repayments, you gradually reduce the debt. This gives you certainty that there will be no outstanding amount at the end of the term.
If you do still have a remaining debt, you repay it using, for example, savings, investments or the sale of your home. If that is not possible, extending the term or taking out a new mortgage may sometimes be an option. This is only possible if you have sufficient (pension) income at that time and it fits within ING policy as applicable then.
"},"title":"2. You can choose a monthly repayment, which will reduce your outstanding debt"},{"richBody":{"value":"Do you use your credit mortgage to fund expenses? If so, it is important to consider how long the purchase will last. You pay interest on the amount withdrawn for as long as it remains outstanding, unless you make interim repayments.
For example, if you withdraw money for a car that you drive for ten years, you may still be paying interest when the car already needs to be replaced.
"},"title":"3. When converting the loan, the credit aligns better with the economic lifespan of the asset"}],"componentType":"accordion"},{"componentType":"sectionTitle","title":"Disadvantages of converting a credit mortgage"},{"accordionList":[{"richBody":{"value":"If you have a credit mortgage, you do not make repayments on your mortgage in addition to paying the variable interest rate. When you convert your mortgage to a type with monthly repayments, your monthly payments will increase. The amount of the monthly repayment depends on the remaining term and the size of your loan. Mortgage types with monthly repayments are the linear mortgage and the annuity mortgage. Please feel free to get in touch to have your new monthly payments calculated.
"},"title":"1. Your monthly payments are usually higher with monthly repayments"},{"richBody":{"value":"As long as you have a credit mortgage, you can withdraw credit as long as you have not reached your credit limit. If you choose to convert your credit mortgage to another mortgage type with different conditions, it will no longer be possible to withdraw credit. It is also no longer possible to take out a new credit mortgage, as ING no longer offers this mortgage type.
"},"title":"2. You can no longer reuse your credit facility"},{"richBody":{"value":"If you have an ING mortgage, you can of course ask questions without obligation. Especially if something changes in your personal situation, it is sensible to review your mortgage. When you change your mortgage, you will incur costs, such as advisory fees.
"},"title":"3. Converting your mortgage involves costs"}],"componentType":"accordion"},{"componentType":"sectionTitle","title":"Want to talk things through?"},{"componentType":"paragraph","richBody":{"value":"Would you like to know whether your credit mortgage still suits your situation? Or are you curious about what a conversion would mean for your monthly payments and long‑term security?
A conversation can help you weigh this properly. We are happy to think along with you.
"}},{"componentType":"cta","textLink":{"text":"Get in touch","url":"https://www.ing.nl/particulier/hypotheek/contact/fh?subscrid=cmnl-mort-fh"}},{"componentType":"paragraph","richBody":{"value":"Contact an independent adviser
Would you like to speak with an independent adviser? ING works together with more than 2,600 independent advisers.
Find an independent adviser near you.
"}}]},"hasMacro":false,"id":"08eb0ce3-c4eb-4b48-83c4-d22e5dd339d6","legalZone":{"flexComponents":[{"componentType":"paragraph","richBody":{"value":"The English text of the website is a translation of the Dutch original version. This translation is intended for the customers convenience only. In case of any discrepancies between the two versions, the original Dutch version shall prevail. The mortgage offer and contract will be signed in Dutch. Also, all further communication after signing the mortgage contract will be in Dutch. You acknowledge and accept this. If any assistance or clarification is needed, we recommend contacting your mortgage advisor or to call our customer service via the ING app.
"},"title":"Good to know"}]},"localeString":"en-GB","mainHeaderZone":{"backLink":{"textLink":{"text":"Your ING mortgage","url":"/en/personal/mortgage/your-mortgage"}},"componentType":"productHeader","coreHeader":{"body":"Does your credit mortgage still suit who you are today and how you look ahead? If your situation or wishes have changed, it may be wise to explore whether a different type of mortgage would suit you better.\r\nConverting your credit mortgage has advantages, but also consequences. Below you can read what to take into account.","headerImage":{"extension":"jpg","original":"https://assets.ing.com/m/4ec203bd9a0fd7c2/original/Large_MS-PPT_Web-Smiling-relaxed-young-woman-in-sunglasses-touching-her-hair.jpg","transformBaseUrl":"https://assets.ing.com/transform/6d54ad38-eb6d-4606-bf9b-5948ede47aca/Large_MS-PPT_Web-Smiling-relaxed-young-woman-in-sunglasses-touching-her-hair","type":"image","width":1920},"title":"Pros and cons of converting a credit mortgage"},"legalBanner":{"body":"Let op! Geld lenen kost geld","componentStyle":"default","headerBannerType":"headerBannerType","image":{"extension":"svg","original":"https://assets.ing.com/m/3f5c0b274ee863ed/original/Group-7.svg","transformBaseUrl":"https://assets.ing.com/transform/bfc47636-d002-461a-b209-589beaaa7596/Group-7","type":"image","width":46}}},"publishDate":"2026-05-05T10:43:49.229+02:00"}}