Social loan

Consumers with a low income of up to 25,000 euros on an annual basis often have the option of applying for a social loan. That is possible at one of the fourteen banks that are affiliated with SB. This abbreviation stands for Social bank

Social Banks the Netherlands

A social loan can be classified as one of the cheapest loans and is specifically intended for low-income consumers. Banks and other commercial lenders are often less keen on low-income consumers who want to take out a loan. This group of consumers is therefore perfectly eligible for a social loan with one of the so-called social banks in the Netherlands.

Purpose of the loan

When applying for a social loan, the purpose of the loan is considered. After all, it is not the intention, for example, to take out a social loan and then use the money to book a holiday abroad. The purpose of the loan can be, for example, the purchase of a home or durable goods, which are of great importance to the consumer.

Inexpensive borrowing

Inexpensive borrowing

By making cheap borrowing possible for households with a lower income, essential goods such as household appliances can be purchased as a washing machine. When taking out a social loan, insight is provided into the term, interest and repayment, so that every consumer gets a clear picture of the financial picture.

SB is an organization to which fourteen social banks are affiliated, who are willing to provide a loan to consumers with a low income at an attractive rate. The term social loan is used to reinforce the idea behind this credit, such as solidarity and social involvement.

Low interest rate

Low interest rate

Low-income people can supplement the budget with the help of a social loan in order to create more spending space for the purchase of important goods. Offering a social loan with a low interest rate naturally also prevents consumers from having to take out loans with a high interest rate, as a result of which financial problems occur earlier.

Ask?

Ask?

If you want more information about a social SB loan or would like support in managing your budget, you can go to one of the social banks to get professional advice.

Social loan for single people

Social loan for single people

A single person also has the option of applying for a social loan, but a more limited amount can be borrowed based on an income. The conditions of a social loan for a single person differ little with regard to the social loans for two partners.

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