Making Learning Affordable

The application process involves 6 steps:

1. Complete the form on this page to start the application process.
2. Upon receipt of the form, we'll schedule a brief conversation to make an initial assessment of the options available to you.
3. Following a positive assessment, we'll start the formal application. Information & documentation will be exchanged.
4. Lenders will be approached with the information obtained and offers - if any - will be solicited from them.
5. The lending option(s) will be shared with you and if there is one which meets your approval, then we go to the signing phase. 
6. Upon signing the documentation, funds will be distributed.

If there are no hick-ups, the whole process would take 1 to 2 weeks.

The maximum loan amount for this type of credit is typically €75,000.

What we see quite often is that people borrow up to 1.5 times the actual course fee. Solely for illustration purposes(!), this could be made up as follows:

• Tuition fee | €10,000
• Learning materials (computer etc.) | €2,500
• Other study-related expenses | €2,500
• Total loan amount | €15,000

• Are you married / in a registered partnership?
• Do you have children or other dependents?
• Do you own your house or do you rent?
• What are your monthly fixed charges?
• Are there other loans outstanding?
• Etc.

Having said all that, the following amounts might provide a rough(!) guidance with regard to minimum income:

When single, the minimum net income is approx. €1,450. For couples, the joint net income should be a minimum of nearly €2,000. If e.g.bonuses or a 13th month are structurally paid by your employer, then that will be included in the calculation for your net income as well. 

Freelancers  / independent contractors / entrepreneurs are eligible for finance as well. Similar documentation will be required as for an employee. Typically, recent tax returns will have to be supplied as well.

We understand the chances are better if you're 28 years of age or older and need to be able to demonstrate you have been working for yourself for a minimum of 2 years.

The applicable interest rate and the loan term will depend on a number of factors such as:

• The loan amount has an effect on the interest rate. The more you borrow, the lower the interest and vice versa.
• Different lenders offer different loan terms depending on their own requirements and risk assessments. 
• Remaining duration of your visa. If e.g. your visa expires in 36 months, then you cannot borrow for longer than 36 months. 

Illustration
In the sample calculation on this page, we work with a 6 year (72 months) loan term, an average annual interest rate of 4.9% and an APR of 10%.That means if you took out a loan of say €1,000, the average monthly cost of that loan is approx. €4.10 per month.

To be eligible for a loan, you need to live/reside in the Netherlands. Generally speaking, the longer you have been living in the country, the easier it is to get approval.

It's important that you have build up a solid financial track record. Money coming into your bank account, not going into arrears with credit cards etc.

If you are married or in a registered partnership, then both your track records come into play.