Transfer loan

Transfer loan

Take advantage of the historically low interest rate and transfer your loan

Save on your loan

Perhaps you currently have a loan with a higher interest rate than is being asked for today. Or perhaps you have several small loans: for a car, a telephone, a washing machine that you pay off in installments… Many people do not think about it, but the costs of those types of small loans quickly add up. And did you know that, for example, being in the red on your bank account or paying with your credit card is in fact a loan? While for small loans you quickly pay 14% interest - a lot of money. This is often not necessary. For many people it is an advantageous option to have their loan or loans switched to one cheaper alternative. Then, for example, you no longer have 3 separate loans for that car, telephone and washing machine, but one larger loan at a lower interest rate. Refinancing your loan, so you can often save considerably!

What is a loan transfer?

If you have a loan (or loans) transferred, this means that you have your loan 'moved' from your current provider to a new lender. Your new lender will therefore take over your loan from your 'old' lender.

How does it work?

If you want to transfer a loan, you can apply to us. We look for the best options for your wishes and convert them into a no-obligation quote. If you agree to this, your existing loan will be transferred to another provider at a lower interest rate. You can also have multiple loans converted into one larger - and cheaper - loan. Or you can borrow extra money here when transferring your loan. Often everything is possible. Your 'old' loan is automatically deregistered from the CRO and your new loan is registered. You do not have to do anything yourself for this.

Transfer your loan in 3 steps:

Getting your loan transferred is not difficult: you do this in 3 clear steps.

1. Compare interest rates and choose

Compare the interest rates of different providers online (for example with our special interest comparison tool!) And see if you can save on your monthly costs. Have you found a great option and do you want to transfer your account? Submit a no-obligation quote request online via our website and we will start working for you immediately. You usually have a response within one working day.

2. Tailor-made quotation

Based on your request, our financial experts provide personal advice. We look at your wishes plus financial resources, and look for the most suitable options. This way you can always borrow without worries. After our quotation, you are of course not committed to anything - our offer is completely without obligation (and free of charge) so that you can compare and decide for yourself in peace and quiet.

3. Payout

Do you agree with our offer and do you want to have your current loan transferred to a cheaper alternative? Then you can digitally sign and return our quotation. Your new lender will then take over the loan. Your old loan will be deregistered, also at the CRO. You do not have to do anything extra for that, everything is arranged by M-Credit. So make a carefree transfer, and then pay less interest!

Advantages of transferring a loan

  • You pay less interest! This means you also pay lower monthly costs per month.
  • You can often refinance your loan against new, more favorable conditions.
  • Transferring with M-Credit costs you nothing - the transfer itself is therefore free!
  • After the transfer, you can choose to repay more or less monthly than you do now. This is part of your new conditions.
  • Are you transferring multiple loans into one new loan? Then you not only have less costs, but also a better overview. That makes payment easier.
  • For home owners, civil servants and seniors, better conditions now often apply to a personal loan, which makes refinancing even more attractive.
  • When making a transfer, you can possibly take out extra protection or insurance, such as a death insurance policy.


That sounds good, of course, saving on your current loan. But what does such a saving look like?

Suppose you have a personal loan to pay off your car, for an amount of 10,000 us dollars. You pay 6% interest on this every month. In addition, you have a smaller loan, because you pay off your new TV in installments, worth USD 1800. You pay 10% interest on this. And you also pay off your smartphone of 500 us dollars in installments - that is deducted from your normal monthly payments to your telephone provider, but is also a loan. It is less noticeable, but in this example you pay 12 percent interest on this. All in all, this will cost you about US $ 840 per month. If you transfer these 3 loans together into one large loan with a value of 12300 us dollar, this is already possible for an interest rate of 5.3% interest. Then you only pay $ 651.9 per month - a monthly saving of almost $ 190!


The interest is currently historically low, so refinancing your loan can be very beneficial. Do it wisely and take into account not only the benefits but also the costs of the transfer. Below our tips on how to transfer sensibly!

Compare costs with financial benefits

If you already have a somewhat older personal loan, you can not always refinance it without penalty. Therefore, put these costs next to the financial benefits that the transfer will bring you: this way you can immediately see whether it is worth it. Naturally, M-Credit helps you with this.

See if you can pay off faster

Because you are refinancing your loan, you can often also renew the conditions. If it suits your financial resources, see if you can pay off faster. As a result, the interest is often lower, and you have repaid your loan in full faster. In this way it will ultimately cost you much less money. A loan with a shorter term is therefore always cheaper.

One large loan is cheaper than several small loans

Small loans actually always have a much higher interest rate than larger loans. We are not talking about a few percentages, but really a big difference. That is why it can make a big difference to have several small loans converted into one large loan. That gives you more financial peace of mind and an overview.

Calculate your savings

Also save by transferring your loan or loans? Calculate below what it will bring you, with our handy savings tool!

Calculate your savings

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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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