Borrowing standard 2021 makes borrowing difficult.

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Borrowing standards have been raised significantly in 2021. This means that as a consumer it is less easy to get a loan. This does not only apply if you want to take out a new loan. Even if you want to switch the current loan to a loan with a much lower interest rate, you will have to deal with the new loan standards of 2021. Heavy standards, whereby you can no longer obtain financing with a lower income.

What are loan standards?

Loan standards have been drawn up to ensure that you do not get into trouble. This standard ensures that financing is always provided responsibly. The loan standard includes how much money you must have left over each month after paying your monthly repayment and interest to be able to live on.
The loan standard ( VFN Standard ) consists of a fixed and variable part. 4 categories have been created.

  • Single
  • Single with children
  • Married / living together
  • Married / living together

Fixed and variable amounts are linked to this. In addition, a surcharge is charged. The higher your income, the higher the loan standard. Which also makes sense, because you will probably spend more if you have a higher income.
In addition, an additional surcharge will be charged. These can be found in the table below:

Family situation Storage 2020 Storage 2021
Single $ 40 $ 275
Single + children $ 226 $ 451
Married / living together $ 119 $ 326
Married / living together + children $ 224 $ 408

Big difference in storage

Borrowing standards have not been raised very much. The big difference really lies in the storage. This has been substantially increased, so that the maximum amount to be borrowed for all groups has fallen sharply. A difference with 2020 of more than $ 10,000 is the rule rather than the exception.
If you want to know whether it is still possible to take out a loan, you can always request a loan free of charge and without obligation . This costs you nothing and does not commit you to anything.

Contrast with mortgage is great

The much stricter borrowing standards of 2021 are in stark contrast to the mortgage standards. These were actually further relaxed in 2021. Whereas in 2020 the income of the second applications could only be included for 70%, in 2021 this can be for 80%. A significant difference.

Loan standards 2021 also for refinancing your current loans

Interest rates are currently historically low. Many consumers are benefiting here at the moment. Nevertheless, we fear that, due to the stricter loan standards, many consumers will no longer be able to re-arrange their overpriced loan. If you now have a loan with a higher interest rate, you are stuck with it. We expect a solution to this in the future. As soon as this is the case, we will of course report this immediately.

More to come

The stricter loan standards for 2021 will not be the last of this year. Another increase will follow in April 2021. With this increase, a little more customization will be done. For example, the car or the number of cars in the family will be looked at. The exact elaboration of this standard is now the subject of discussion at the VFN. We will of course also report these as soon as more is known.

kredietrente daalt

Credit interest continues to fall, consumers are applying for more loans

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Credit interest continues to fall, consumers are applying for more loans

Good news if you want to take out a loan. The interest on consumer loans fell again on 1 July. As many as 3 different banks have lowered the interest rate. The lowest interest rate for a loan has even fallen to 3.6%. A rate that we have not seen in recent years. We immediately noticed the difference at 2Fast4Paws. The number of applications exploded on July 1. There are also many questions from consumers who have already taken out a loan . We will answer the most frequently asked questions for you below.

I already have a loan, now that the credit interest rate is falling, the interest on my loan is also falling

Two out of three Dutch people have financing from a bank or financing company. The question now is whether the interest rate decreases on your loan. We have already had to disappoint many consumers for this. The interest on the personal loans has fallen. The interest on revolving credit has remained the same. If you take out a personal loan, the interest is immediately fixed for the full term. A new interest rate decrease will then have no consequences for you. If you want to take advantage of a lower interest rate, you will have to refinance your loan.

Mortgage rates are rising, credit rates are falling? How is that possible

It is, of course, a strange phenomenon. Borrowing money in the form of a consumer loan is becoming more affordable, while borrowing money in the form of a mortgage is becoming more and more expensive. Mortgage rates are rising and credit rates are falling, the main reason for this being that there is currently fierce competition in consumer credit. This competition is currently causing banks to increasingly want to outperform each other in order to be able to offer the lowest interest rates to consumers.

How can you as a consumer benefit from this low interest rate?

That is actually quite simple, you can request financing at any time free of charge from 2Fast4Paws. You can do this if you want to borrow money for a car, but of course also if you want to refinance your too expensive loan. You can submit your application on our application form. We would be happy to show you the benefits of borrowing money from 2Fast4Paws!

Geld lenen kost geld, maar gelukkig wel steeds minder

Borrowing money, costs money! But fortunately less and less.

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Borrowing money, costs money! But fortunately less and less.

A lot has happened in recent weeks. Mortgage interest is on the rise. Not surprising, of course, with the current uncertainty. This makes borrowing money a bit more expensive. Logical to assume that the interest for the personal loans will then also rise further. Fortunately, nothing could be further from the truth. The interest for the personal loan has recently fallen. How this is possible? We are happy to explain that to you.

Lower interest rate for consumer credit

Mortgage interest at some mortgage lenders has increased by as much as 0.75% in the past month. A sharp increase, but this can be explained by the special times in which we live. Strangely enough, we have not seen any increases in consumer credit. Interest has even fallen slightly. Customers with credit above $ 50,000.00 can now borrow cheaper than a month ago. The interest has been reduced from 3.6% to 3.8%, a slight decrease.

Interest rate forecast for consumer credit

Of course no one can see into the future. Especially in these uncertain times it is difficult to predict what the interest will do. We can indicate for you what our expectations are. We have based this on various sources. In general, the idea is that there is a possibility that interest rates will increase slightly on mortgages in the coming months. However, this remains very limited as the economy is likely to continue to weaken. A higher interest rate can then be the death blow for companies in a weaker position. This is one of the reasons why interest rates for consumer credit are also expected to remain low. A lower interest rate ensures that people spend more and that helps the economy move forward. This is something that really needs to be done in the coming months to get the economy back on its feet.

Lening afsluiten tijdens de Coronacrisis

Take out loan during the Corona crisis

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Much has changed in recent months. Mortgage rates are slowly rising, many people have lost their jobs and the five-foot society is a fact. This of course has consequences in many areas. The question is of course, what consequences will this have for you if you start borrowing money? Borrowing money has not become easier in any case.

Taking out a loan during the Corona crisis, what are the changes?

It will come as no surprise that much has changed. The interest rates of the loans have increased at a number of banks, but are very limited.
Fortunately, the lowest interest rates have remained unchanged.
So what has changed? There have been changes in the underwriting guidelines of a number of banks.
An important change is that at some banks different sectors have been designated as risk sectors. You can think of employees who work in the hospitality industry, a group that is severely affected by the crisis.

Don't banks have to be flexible in the crisis?

That's right, and so are the consumer credit banks, especially when it comes to existing customers. Do you already have a loan with us? Then you have also received the newsletter from us in which we indicated that it is possible to request a 'payment break'. You do not have to pay on your loan for 3 months. The bank does not charge interest for these 3 months either.
In addition, banks must of course also pay close attention to the risks. If there is a chance that the repayment of the loan cannot be made, it is wise not to provide the loan. This is not only in the interest of the bank, but also of the consumer. If the loan cannot be repaid, the problems can become very serious for the consumer.
A debt that cannot be paid back can haunt you for years. Not only because the bank can demand repayment, but also because a negative BKR registration could be placed on the loan, making obtaining a mortgage much more difficult.
It is therefore in everyone's interest to continue to borrow money responsibly.

Information about schemes related to the corona crisis

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Information about schemes related to the corona crisis

A lot has changed around us. The Coronavirus has a major impact on many things. It affects a lot of people, on a personal level, some even on a medical level and of course also on a financial level. The latter has also come to the attention of the banks.
Do you have a loan and are you in danger of getting into trouble due to the consequences of the corona virus? With our help you can request a payment break or a deferred payment. This payment break or deferred payment has a duration of 3 months.

which banks participate in this scheme

Most banks with which 2Fast4Paws cooperates have indicated that they understand that there are now various challenges. Of course the banks do not want to make the problems worse, but above all make sure that you can stay Finance Medicare during this period.
The status at the moment is as follows:
Defam: Defam has indicated that in certain cases a payment break can be used. You can request this payment break here . In addition, Defam has also created an information page where you can find more information about the condition of the payment break here.
Nationale Nederlanden: Nationale Nederlanden has also set up a separate information page .
Interbank: Interbank now also has an information page about your loan and the option to postpone your payments. The page can be found here .
Qander: Qander has indicated that they want to determine per person what the situation is and what the options are for a payment break. You can contact Qander customer service .
BNP: BNP Has indicated that on March 27 will be indicated what the possibilities are.

Do you have any questions?

A lot is coming our way, and the crisis does not seem to be over for the time being. Many questions are still being asked about various matters. If you have a question, you can always contact us. You can send an email to [email protected] or contact us by phone at 518-439-2867

Persoonlijke lening voor ambtenaren

Personal loan for civil servants

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Personal loan for civil servants

Are you a civil servant and do you want to take out an affordable loan? Then as a civil servant you often have an advantage. That may sound crazy, but it is really true. A civil servant loan is easy to apply for. If you indicate on the application form that you are a civil servant, we will immediately take this into account and your application will be treated as a civil servant loan.

Advantage of a personal loan

You can of course always choose which form of credit you want. A revolving credit or personal loan makes no difference in the application process. You choose the form you want, and we go for that form of financing. It is true that a personal loan is cheaper for civil servants than a revolving credit. A personal loan has a lower interest rate as standard.
The revolving credit is no longer provided at all for various tires. The banks that still provide it charge a higher interest rate for a revolving credit. The difference can amount to more than 0.5%.
It is also becoming increasingly difficult to withdraw from a revolving credit .

Civil servants loan in 4 clear steps

If you apply for a loan from 2Fast4Paws, this always takes place via 4 steps. With this we keep it clear for both ourselves and you. We have set it up internally so that all requests are processed within hours of receipt. So you quickly know where you stand. Then we will email the quotation to you. You can easily sign this quotation and return it to us.
We will then get to work to have your loan paid out as quickly as possible. This process can take between 4 and 24 working hours, depending on the provider. So you quickly know where you stand. When the loan has been paid out, you will receive login details for an online environment at most banks, or you can download an app. In addition to our own app, in which you can immediately check the status of the loan. In addition, you can also immediately put your insurance policies in our app, even if they have not been taken out through us.
Want to know more about this? Call us or send an email to [email protected]

vragen over uw lening

Questions about your loan?

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Do you have questions about your loan? Then we are happy to help you at 2Fast4Paws. In practice, we have noticed that many consumers continue to walk around with questions, while we can provide clarity about your loan within a few minutes.
Where your loan 'runs' makes no difference. Our specialists can tell you more about this.
You can contact us by phone on the telephone number 518-439-2867 .

To help you on your way, we give you the answers to the most frequently asked questions below.

Do I have to pay a fine when paying off my loan earlier

Whether you have to pay a fine for early repayment depends on a number of factors. When did you take out the loan and with which bank?
If you have recently taken out the loan, you have a very high chance that no penalty will be charged. You can always call us to find out what is possible.

Is my interest fixed for the entire term?

Good news! If you have taken out a personal loan, your interest is fixed during the term of your loan.

Can I also withdraw money from my loan again

This is not possible. With a personal loan , unlike with a revolving credit, you cannot make withdrawals from your loan if you have already repaid amounts.

Is it beneficial to transfer my loan?

In many cases it is advantageous to transfer your loan. In many cases, you will benefit from transferring a loan . Would you like to know how much you can save? Please contact us and we will gladly calculate with you.
This is of course free of charge and without obligation!

Can I transfer a revolving credit without penalty?

You can always transfer a revolving credit to another provider without penalty, or transfer to a personal loan. 2Fast4Paws would be happy to discuss your options with you.

How is it possible that it takes so long before I have repaid my loan with a revolving credit

With a revolving credit you can also withdraw from your loan. If you have done this, it will take longer before you have repaid the loan. In practice, we occasionally see revolving loans with a term of more than 20 years.

Revolving credit canceled by InterBank, is that allowed?

This is indeed allowed. A revolving credit may be terminated prematurely by the bank.

Wijzigingen in 2020

Changes in 2020

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There are various changes when it comes to borrowing money in 2020. These changes can have both a positive and negative effect for consumers who want to take out financing in 2020. We would like to list the most important changes for you.

Changes in the maximum amount of credit to be provided

The banks with which 2Fast4Paws cooperates all adhere to the VFN standards. As a result, we know in any case that we will also continue to provide responsible credit. A major change has taken place in this standard. An extra amount (surcharge) was added to this standard as of January, so that you can borrow less money. Different spreads have been added to the different family compositions, which means that the maximum amount of credit falls.

Effects of the change

The effect of this change seems very significant, but is limited by the fact that net income increased as of January due to the change in tax rates. As a result of this change, we will receive slightly more net income, so that the effect of this change will be limited.

Age for loans

Actually, something that has already started in 2019 is the shift in the age for lending. Where it was only reversed in recent years, it is now being released again. It is now possible to take out financing up to your 74th year of life, as long as it is paid back before your 78th year of life. Our expectation is that more parties will follow in 2020 so that the maximum age for financing will be further increased. We will of course keep you informed of this.

Car loans

A few things have also changed in the field of the car loan . Not so much in the standards, but in the range. 2Fast4Paws has entered into a unique collaboration between various parties, which gives us more options than our competitors. Do you want to know what we can do for you? Please contact us and we will let you know immediately what the options are. Your car financing is in any case directly and properly arranged with 2Fast4Paws.

Boetevrij inlossen van uw lening bij 2Fast4Paws

Repayment of your loan with 2Fast4Paws without penalty

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We get a lot of questions about the extra repayment of the loan. The most common question is whether repayment of the loan is possible without penalty. Fortunately, we have good news for this. You can repay your loan at 2Fast4Paws without penalty. It makes no difference whether it concerns a revolving credit or a personal loan .
We can imagine that this question is forgotten when you are in the process of applying for the loan. Still, it is important to know.

Choices for repaying your loan with 2Fast4Paws without penalty

If you have your loan with 2Fast4Paws, we may have placed it with various parties. One party we work with is BNP . With this party, paying off your loan without penalty works slightly differently than with the other companies. Where you simply redeem extra with other companies, and therefore get rid of your loan earlier. BNP presents you with an extra choice. After an additional repayment you will be given the choice to reduce your monthly installment or you can choose to shorten your term. Nice, such an extra choice.

Redeeming extra really pays off

Where in the past you had to pay hefty fines for early repayment of your loan, this is now really very different. Because no penalty is charged on your loan, additional repayments have become even more interesting. Redeeming extra will now clearly give you extra benefits. Because you will pay much less interest through an extra repayment during the term of your loan, every 1000 US dollar extra that you can repay is a good idea.
Would you like to know whether we can also take over your current loan without penalty? We are of course very happy to check that for you. You can request your loan on our borrow money page .

lage rente kleine lening

Interest rate reduction also for smaller amounts

By loan refinancing
Banks are keen to offer the lowest interest rate from a marketing point of view. The lower the interest, the greater the chance that they will 'win' you as a customer. Yet there is not always room for this. The banks must of course be able to continue to pay all their costs from the interest you pay. The interest that the bank pays itself, the costs for the staff and the property. The costs for the customers who do not pay their loan and of course the costs for training and education. These are all costs that must be included in the interest of the loan.
Fortunately, there is another bank that has further lowered interest rates. And now finally for the (relatively) smaller amounts.

Borrow cheaper for a loan of up to 10,000 US dollars

Whereas recently the interest on amounts up to 25,000 US dollars was mainly lowered, it is now finally the turn of the smaller loans. The banks are less happy to provide these others. Certainly amounts between5000 US dollar and7500 US dollar are not popular. This is because they often run short. The interest was often kept high. Until a month ago, for example, you could only take out a loan through our mediation up to USD 7,500 above 7% interest. This is now considerably lower.

Save up to $ 10,000.00 on your loan?

Request a quote for free

Borrow small amounts more cheaply

Due to the interest rate cut, it is now also possible to borrow smaller amounts at a lower interest rate. And this can also be of great benefit to you. Especially if you have a number of small loans. You can also think, for example, of the overdraft on your checking account at the bank, your credit card or the expensive mailing house credit. These are credits at the Wehkamp, ​​on which you have to pay 14% interest. Combining these loans can bring you a lot of benefit and we are of course very happy to do this for you.
Do you want to know what we can do for you? Request your loan free of charge and without obligation and we will be happy to surprise you with our affordable offer.