Do you want to borrow money privately, or are you curious about the possibilities in that area? You can use a private loan, with which you ensure that you can do this outside the banks. Do you already have a credit with the bank, or do you want to take out a mortgage soon? Then you can borrow money privately, as long as you ensure that you can pay it back in time. A private individual cannot perform a BKR test, which means that the loan entails more risk for both the lender and yourself.
Borrow money from friends or family
You can borrow money privately, for example from friends or family. In any case, make sure that you clearly state how you want to repay the money and what you want to use it for. That way you avoid surprises afterwards. In addition, you must ensure that you properly calculate what the loan costs and how you will pay it monthly. There is no BKR check. Do you want to borrow money privately? Then you must ensure that this fits in with your budget.
Do you want to borrow money privately for an owner-occupied home, or for improving it? Then you can use a so-called ‘family bank’. You borrow money from your family that you use to finance a home. For example, you pay 4% interest on this annually. You can deduct the interest for income tax, so that a small part of it remains net and you borrow profitably. However, the lender receives the full 4% interest income, a percentage that is higher than the return on the average savings account. Thanks to the tax benefit, this is an attractive construction for borrowing money privately.
Borrow money online from strangers
In addition, you can lend money privately to strangers, there are various websites that can help you with money. It is important to clearly tell your story and, for example, to indicate how you will repay the loan amount. Does the other person agree and are you given the money? Then you can borrow money privately, just like when you use crowdfunding. Multiple people then put in a limited amount, so that you can ultimately arrive at the amount that you want to borrow.
Borrowing private money with good agreement
Do you want to borrow money privately from friends, colleagues or family? Always ensure a clear agreement, which shows what you borrow, what the duration is and what compensation you pay for it. It may be clear to you among yourself, but what happens when disagreements arise or one of them dies? Record the agreement on paper, possibly with a notary when it concerns a large amount. That way you can borrow money privately and provide some extra money. Bear in mind that a private loan is not always the same as a subordinated loan.