Can I apply for a personal loan as an expat in the Netherlands

Can you apply for a personal loan as an expat in the Netherlands? The short answer: Yes! In this article I will give you all the pro’s and cons you need to take in consideration when you apply for a loan in the Netherlands.

Personal loan for expats

Whether you are from Poland, Ukraine, Canada or a total different country; you have to be aware of the terms and conditions before you apply for a personal loan. Here’s a list of stuff you need to know:

• You need to have a European identity card if you’re a citizen of Europe
• If you are an expat from out of the EU you need to have a work permit or a residence permit with the annotation “work freely permitted”.
• You work contract should be a Fase B or Fase C contract (if you work through an employment agency) or a temporary contract that is still valid for at least 6 months. Ideally you have a permanent contract.
• You need to have a Dutch bank account number where your salary is being paid on and your living expenses (like mortgage or rent) are being deducted from
• If you are being married to or live together with a person with a Dutch passport then getting a loan would be the easiest if you have a owner-occupied home or the salary of your partner is high enough to cover the cost of the personal loan.

Questions? Let us know!

If you are in doubts if you check all the boxes to get a personal loan as an expat, do not hesitate to contact us. We’re more than happy to help you out giving you the best possible advice regarding your application.

For more information or an inquiry go to our page specifically for expats that are looking for a loan in the Netherlands.