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WOZ personal loan

  • Characteristics
  • Cost
  • Conditions
  • How does it work

What is a WOZ personal loan?

The Home Advantage Financing is a form of credit for homeowners and is equivalent to a personal loan but with a lower interest rate.

The term of the loan is 10 years. The interest and the monthly installment are fixed for the first 60 months. After the first 60 months, the interest can be changed for the next 60-month period. With a Home Advantage Financing you borrow a fixed amount in one go and that is why a Home Advantage Financing is a suitable loan for, for example, the renovation of your home.

When must the personal loan be repaid?

You must have repaid the loan before you reach the age of 68.

How much can you borrow?

You can borrow a minimum of $ 5,000 and a maximum of $ 75,000. The amount for a personal loan depends on your income, your expenses and your personal situation.

How long do you pay back?

The term of the personal loan is 120 months.

After death

If you (or your partner) unexpectedly die, the loan will not be forgiven.


The interest on the Home Advantage Financing is fixed for the first 5 years of the term. After 5 years, the interest can change for the last 5 years of the term. The monthly amount then becomes higher when the interest rate rises and lower when the interest rate falls.

How do you pay back?

A current account with a Dutch banking institution is required for payment of your loan and for the collection of the monthly installments due. You pay a fixed amount every month by direct debit. This amount consists partly of interest and partly of repayment (redemption). Withdrawals are not possible.

Are there costs if you pay back more?

You can always repay more than your monthly amount. No costs will be charged in the event of partial or full early redemption of the Home Advantage Financing.

Do you have to pay closing, appraisal or notary fees?

No, you do not owe such costs.

European standard information on consumer credit

European Standard Information on Consumer Credit is available for this product. If you request a quote, you will receive this information aimed at you personally. See here an example.

Terms and Conditions

Check here the terms and conditions House Advantage Funding.

Credit Registration Office

Lenders are affiliated with the Credit Registration Office in Tiel, in short 'BKR'. When you make a loan application, the lender will consult the BKR. If the application is not accepted on the basis of this information, you will be notified. After the credit agreement has been concluded, the loan is registered with the Credit Registration Office. If you are more than 60 days behind with payment, the lender will report this to the BKR.

Do you need to establish a mortgage on your home?

Your owner-occupied home is not required as collateral, so you do not have to go to the notary and you do not need to have your home appraised.

What does a Property Advantage Financing agreement look like?

Are you curious about what an agreement looks like? See here an example.

Is the interest deductible?

The interest is deductible from your income for tax purposes if you use your Home Advantage Financing to maintain or improve your owner-occupied home.

Terms of acceptance

New World Loans works with a number of banks to provide loans. Each bank applies its own acceptance standards and conditions. To apply for a Home Advantage Financing, you must in any case meet the following conditions.

  • Your age is between 23 and 58 years old
  • You own an owner-occupied home
  • You are employed (permanent or temporary employment)
  • You have income from a WAO / WIA benefit
  • You have income from (Pre) Pension or ANW benefit
  • Income at least $ 1,250 net per month
  • No BKR coding

Money Loan for a VOF, Sole Proprietorship, Ltd.

  • You are 25 or older
  • At least 3 years independently
  • Positive equity
  • Company makes a profit
  • You own an owner-occupied home
  • No BKR coding

You can apply for your housing benefit financing online, but how does this actually work? We explain.

You apply for your loan online.

You complete the application form online to apply for your loan. You can also indicate whether you wish to transfer existing loans.

Confirmation of your loan application.

You will be called within 24 hours to confirm your loan application and any additional necessary information will be discussed with you.

You will receive a no-obligation quote.

After receipt of your loan application, your application will be submitted to the banks without obligation. You will then be contacted to discuss your wishes and options and you will receive appropriate and free advice from us, after which we will send you the loan offer by e-mail or by post.

Return the signed quotation.

If you wish to finalize the application for your loan, return the signed quotation, together with the requested documents.

The lender will assess your application.

On the basis of your application and the submitted documents, the lender will reassess your loan application on the basis of the documents you have submitted.

The money will be transferred to you.

As soon as the application for your loan has been definitively approved, the money will be transferred to your account and any loans that you wish to transfer will be paid off.

Calculate monthly costs of WOZ personal loan

The total credit amount
Installment amount (per month)
Variable debit interest on an annual basis
Annual percentage rate
Duration of the credit agreement
Total amount to be paid by you

Your monthly costs are:

This calculation is a guideline and you cannot derive any rights from it. We assume the lowest interest that we can offer you. The exact interest depends on your personal circumstances and can vary. The minimum term is 6 months and the maximum term is 120 months. The maximum legal interest is 14%.

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