Those who urgently need money can turn to a bank, a lender, friends or family.

But what do you need to be eligible for a loan?

What should you pay attention to when you take one out, and how do you know it's right?

For example, if you want to make a large expense, borrowing money is an option.

But what does a bank need from you before you receive a loan?

Hans Sjouke Koopal, spokesperson for ABN AMRO: "When applying for a loan, the bank calculates whether you can pay the costs now, and also in the future. This requires insight into your financial situation, such as your salary, your housing costs, what you may have to spend on childcare and the possible costs of your car. Koopal: "By putting all these income and expenses in a row, you can accurately calculate what you have every month 'left' and you could spend on repaying a loan."

If your application is approved, you will receive the quote.

You must sign and return this digitally if necessary.

"This also requires documents showing, for example, your income, such as a payslip. If everything is approved, the amount that you are going to borrow will be transferred to you within a few days."

Seductive sales pitch for loans

You can also borrow from a lender.

Ads are flying around your ears on social media.

With resounding names such as Qeld, Becam and Santander, borrowing cheaply is advertised as if it were a practical gift.

But how do you know whether these parties can be trusted?

Yolanda Bieckmann, spokesperson for the Netherlands Authority for the Financial Markets: "We regularly receive reports from consumers about illegal credit providers. Consumers then report that they will not hear from the credit provider again as soon as they have paid administrative costs or a so-called insurance premium on request."

"It is not allowed to charge costs in advance."

Yolanda Bieckmann, AFM

Sometimes the advertiser tries to make consumers pay even more money with an excuse before they would receive a loan.

In practice, the loan is never given.

"We want to specifically point out to consumers never to pay in advance to get a loan," warns Bieckmann.

"It is not allowed to charge in advance."

Checking whether the credit provider or adviser has a license from the AFM or DNB is therefore a good plan.

Knocking at friends or family

Imagine: in the worst case, you are not eligible for a loan from the bank or from official lenders.

Is it an idea to borrow from friends or family?

The Dutch association for financial aid workers NVVK has been the largest trade association for debt relief and financial services since 1932.

NVVK spokesperson Auke Schouwstra is not satisfied with unofficial loans.

"Borrowing from friends and family is not a smart move. Try to imagine what will happen to the relationship if you are not able to keep the agreements about repayment. Is the loan so important that you, in the unlikely event of being unable to repay you) , want to risk the relationship? "

Of course it is not always a choice: sometimes people have to borrow because they do not have a buffer to replace a broken washing machine, for example.

But the most important question you are going to borrow before you have to ask: do I really need the amount?

"Do not borrow money if there is no urgent reason to do so," said Schouwstra.

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