Do you want to borrow money in Belgium, for example because you have the option of paying a sharper interest there? Thanks to the internet and free trade in Europe, you can also borrow money across the border; you are no longer bound to the Netherlands in that regard. Borrowing money in Belgium offers a number of interesting benefits, for example, Belgian banks do not have access to the BCR data here in the Netherlands.
No insight into BCR data
The various countries in Europe are working hard on the possibility of exchanging financial data, but are not yet able to do so. This means that a Belgian bank does not have access to the BCR data here in the Netherlands. Do you already have a credit here or have you fallen behind? Belgian banks do not have access to this data, which means that you can still take out a new credit across the border. Of course, make sure that you only borrow money in Belgium if you have that capacity. If you fail to pay off your obligations, you will (also) get into trouble there.
Interest rate instead of interest
Do you want to borrow money in Belgium and are you looking for the sharp interest rates that the banks offer there? Bear in mind that a Belgian will talk about an ‘interest rate’ instead of the interest. In this way, Belgians make a clearer distinction between, for example, the interest they pay, based on the interest rate in force. It is a linguistic difference with the Netherlands. By properly preparing for this, you ensure that you can also search online for the possibilities of borrowing money in Belgium, or that you understand the bank’s explanation well.
Car loan or home loan
Do you want to borrow money in Belgium? You can use a car loan or a home loan, among other things. Bear in mind that in Belgium, in a number of cases, people use different terms than we are used to here in the Netherlands. For example, a car loan is also called a car loan, or may even have a completely different name. The terms ‘personal loan’ and ‘revolving’ credit are also less common there. When contacting the bank, it is therefore best to state that you are from the Netherlands, so that the bank can take this into account in its communication.
Contact with a Belgian bank
You can simply contact the Belgian bank from the Netherlands, in most cases you can arrange a lot of things by e-mail or telephone. You do not have to go to Belgium for that matter when you want to borrow money. Borrowing money in Belgium is thanks to the use of the internet
become easier, so that you can also take out credit across the border. You pay a competitive interest (or interest), while on the other hand you can count on reliable banks.