Borrow money for a holiday home

Borrow money for a holiday home

With a smart loan from M-Credit

Borrow money for a holiday home

Having your own holiday home is a dream for many American people. A real place of your own at your favorite holiday destination, whether in your own country or across the border. Moreover, you can of course not only use it yourself, you can also rent out your own holiday home - a nice extra source of income. Do you not have enough savings to pay for such a second home in full yourself? No problem: M-Credit provides a suitable loan with which you can still make your dream come true!

Borrow money for a second home

From chalet to apartment, from bungalow to holiday home: holiday homes come in all shapes and sizes. And therefore also in different price ranges. The most ideal financing for your holiday home is of course from your own savings - then you have no interest costs or a current loan. But because a vacation rental is usually a significant investment, this is not realistic for most people. In addition, you naturally also want to keep savings as a buffer for unexpected costs. A safe loan on favorable terms can still make that second home possible.

Why borrow for your holiday home from M-Credit?

  • Our experts find the most favorable loan for your personal situation
  • Customers rate us with an average of 9.2
  • A free quote within one working day after request via the website
  • The entire loan amount to your account within two working days
  • The lowest interest rate in the Boston, starting at 3.5% interest

What kind of loan suits a holiday home?

With your first home, a mortgage is the most logical form of loan - the interest is relatively low and you can deduct it for tax purposes. But with a second home you lose that tax benefit because you can no longer deduct that interest. Many banks also do not want to fully finance a holiday home with a mortgage, but do so with a maximum of 75% of the total purchase amount. So you have to put in much more money yourself. Applying for a mortgage for a holiday home abroad is actually never possible anyway, because banks consider investing in a home abroad too risky.

The loan form that we most recommend when purchasing a holiday home is a Personal Loan. With a personal loan, you agree in advance with your lender on a fixed term and a fixed interest. This way you know exactly how many years your loan will run and what you have to pay off each month. This interest can never rise unexpectedly! You can make additional repayments if you wish and thus shorten the term of your loan without penalty.

5 reasons why a Personal Loan fits well with a holiday home

  1. With a Personal Loan you will receive the amount for your holiday home in one go into your account
  2. You usually have your money in your account within two working days
  3. You know exactly how much you have to pay per month, and how many months / years your loan will run
  4. You can make extra repayments without penalty
  5. The interest on your personal loan will never rise unexpectedly

Free tips when borrowing money for a holiday home

When buying a holiday home or holiday home, unexpected costs are regularly involved. Some holiday parks on which your house is located, for example, require 'leasehold', a type of rent for the land on which your holiday home is built.

Often there is also an Owners Association (VvE) to which you have to pay a fixed contribution. Municipal taxes, energy costs, cleaning costs if you do not want to or cannot do this yourself (because your holiday home is abroad, for example)… List all these costs in advance, so that you are not faced with unpleasant surprises afterwards.

Sometimes it is nice to have an independent broker take a look and do a market research yourself, especially if you want to rent out the house. Then you will be better prepared!

Borrowing cheaply and the best service!

If you opt for a loan from M-Credit, you opt for security, the lowest interest and best conditions. Moreover, we do all the research, so that it does not cost you any hassle and time. Your holiday home is within reach! Do you want to take out a loan or more information about forms of financing? Call 813-339-6809 , request a free quote or fill in our contact form. We are here for you!

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Already 1036 satisfied customers

Customers give us an average of 9.2 on

“Top service!”

Always good to speak, cooperative and customer-oriented. Very nice contact with Jeroen van M-Credit.

Top service!
“Top service”

Everything done within 24 hours. Clear, professional and highly recommended. Deserved more stars than I can give here.

Top service

Good experience and always very helpful and the employees always give you a very nice feeling by having a chat with you.

"Arranged quickly"

After a pleasant first telephone contact, our request was acted quickly. You will be kept informed of the status of the application. And there was immediately contacted when the approval was there.

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Compare interest

Compare our always low interest rates with various providers!

Lender Interest Monthly charges Cost To request
defam 3.7 249 29,871
interbank 3.7 249 29,871
qander 3.9 251 30,150
nationale-nederlanden 4.0 252 30,290
abn-amro 4.2 255 30,572
bnp-paribas-personal-finance 4.6 260 31,141
ing-bank 5.1 266 31,860
  • The Annual Percentage Rate (APR) is equal to the interest on this product.
  • For a Personal Loan, a minimum term of 12 months and a maximum term of 180 months applies.
  • A minimum term of 1 month applies for a Revolving Credit, the maximum term depends on the interest, extra repayments and extra withdrawals.
  • The minimum interest is 3.5% and the legal maximum interest is 14%.
  • Last checked on January 19, 2021.

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