Interest credit
How it works: After signing a loan contract. The bank will transfer the whole or a part of borrowed money to your bank account. Every month you have only to pay the interest. This interestcredit looks like a revolving credit ( doorlopend krediet ). The big difference is the payback part. Because you have to pay only the interest, this type of loan has the lowest monthly amount. The monthly interest you have to pay, is only for the amount of money you have used. You don't pay for the money 'in stock'Duration and interest: The duration of this credit loan depends of the age of the client. All loans have to be paid back on the age of 72 years. Mostly the bank will start the paying back period on the age of 65. Every 5 years the bank will overlook the personal situation of the customer and desists for the next period. The interest for this credit loan is not fixed. You have the right to pay back the whole loan, or a part of it without any penalty and also to withdraw repaid amounts. If you want to be sure about duration and interest, look for a personal loan ( persoonlijke lening).