A personal loan is an instalment loan for private purposes, requiring no supporting documents for sums up to €50,000. In other words, once you have declared the purpose of the personal loan (i.e. the type of purchase you wish to make with the money borrowed), you will not be asked for any invoices unless you exceed the €50,000 threshold. The bank simply asks you to use that money for what you stated when you applied.
What can you use a personal loan for?
Electrical household appliances
Furniture
Medical bills
A family celebration
Sports equipment
Computer equipment
etc.
This instalment loan is subject to consumer credit legislation in force.
"}},{"componentType":"sectionTitle","title":"How does a personal loan work?"},{"componentType":"paragraph","richBody":{"value":"How a personal loan works is fairly straightforward. You borrow a sum of money from your financial institution and agree to repay it over a set period of time, usually by paying a portion of the capital borrowed plus interest each month. When you take out an ING Personal Loan, the full amount is paid into your account as soon as we receive the signed contract and the necessary supporting documents. You can start repaying the first monthly instalment of your loan the following month.
"}},{"componentType":"sectionTitle","title":"What are the advantages of a personal loan?"},{"componentType":"paragraph","title":"1. Personal loans can be used for a variety of purposes","richBody":{"value":"The main advantage of a personal loan is that you can use it for almost any purpose. Do you have an unexpected expense (e.g. you need a new dishwasher after your old one broke down) or you want to carry out a project that's close to your heart (e.g. a round-the-world trip)?
"}},{"componentType":"paragraph","title":"2. It's easy to apply","richBody":{"value":"Generally speaking, the process of applying for a personal loan (subject to the Bank's approval and mutual agreement) is straightforward. All you need to do is provide information about your financial situation, your employment and any outstanding loans, as well as proof of income, if applicable. On its side, the Bank will consult its internal databases and those of the National Bank of Belgium.
For example, you can apply for your personal loan online.
"}},{"componentType":"paragraph","title":"3. The amounts borrowed can be small","richBody":{"value":"A personal loan enables you to borrow a small sum. This is the ideal option for a moderate expense. The ING Personal Loan starts at a minimum amount of €500.
See the section entitled "Examples of ING Personal Loans", further down this page.
"}},{"componentType":"sectionTitle","title":"Who can take out a personal loan?"},{"componentType":"paragraph","richBody":{"value":"The conditions for taking out a personal loan are simple:
The loan must have a private purpose that falls within the personal loans category (see the various purposes mentioned above);
The borrower must be a natural person and must be at least 18 years old; and
Must have the necessary repayment capacity.
At ING, you can borrow an amount starting from €500 (minimum amount). The maximum personal loan amount depends on your repayment capacity and the term of the loan.
"}},{"componentType":"sectionTitle","title":"How much does a personal loan cost?"},{"componentType":"paragraph","richBody":{"value":"As an instalment loan for private purposes, personal credit is subject to consumer credit rates. The interest rate represents the cost of your loan. This rate varies according to your profile, the amount borrowed and the term of the personal loan. The Annual Percentage Rate (APR) is the total annual cost of your loan. It includes interest and loan expenses.
"}},{"componentType":"paragraph","richBody":{"value":"Representative example for an ING Personal Loan (instalment loan for private purposes)
Rate valid on 30/01/2026, subject to change with notice prior to conclusion of the agreement.
With an instalment loan for private use of 6,500 euros over 36 months with an annual percentage rate and a fixed debit interest rate of 7.44%, you‘ll pay 201.28 euros per month, totaling 7,246.08 euros.
"}},{"componentType":"sectionTitle","title":"What is the term of a personal loan?"},{"componentType":"paragraph","richBody":{"value":"
The term of the ING Personal Loan varies from 6 months to 84 months, depending on the amount of the loan and your repayment capacity.
"}},{"componentType":"sectionTitle","title":"How to prepare a personal loan application?"},{"componentType":"paragraph","richBody":{"value":"Before taking out a personal loan, it's essential that you know your financial situation, so you know how much you'll be able to repay each month.
To do this, you need to know :
your net income; and
your fixed expenses: rent or mortgage, pension savings, insurance, alimony, heating, electricity, telephone bills, etc.
To estimate your repayment capacity as accurately as possible, base your estimate on a stable income AND take into account all your monthly expenses. This will help you calculate a personal loan that you can repay comfortably.
"}},{"componentType":"highlight","title":"Calculate your repayment capacity!","richBody":{"value":"During your ING Personal Loan online simulation you can directly check the viability of your project. The calculator shows you how much your monthly budget covers.
"}},{"componentType":"sectionTitle","title":"Also consider!"},{"componentType":"cards","cards":[{"componentType":"articleCard","cardType":"article","cardSize":"medium","title":"Wedding Loan","body":"Why not finance your wedding with an ING Wedding Loan? Find out all the conditions for applying in this article.","image":{"transformBaseUrl":"https://assets.ing.com/transform/c466490d-4f55-4a84-a8aa-a05a62d97552/Newlywed-couple-outside-church","type":"image","width":4858,"altTextEN":"\"","altTextNL":"\"","altTextFR":"\"","altTextDE":"\"","original":"https://assets.ing.com/m/7a1820df9e9a20b9/original/Newlywed-couple-outside-church.jpg","extension":"jpg"},"date":"2023-11-03","link":{"url":"/en/individuals/borrowing/wedding-loan"}},{"componentType":"articleCard","cardType":"article","cardSize":"medium","title":"Holiday loan","body":"Make the most of your next holiday by financing it with an ING Holiday Loan. Find out all the details and practical information in this article.","image":{"transformBaseUrl":"https://assets.ing.com/transform/17389c7f-6e9d-4813-bd0d-da3d7674772c/plan-your-travel","type":"image","width":799,"original":"https://assets.ing.com/m/76c179b47be768d6/original/plan-your-travel.jpg","extension":"jpg"},"date":"2023-11-03","link":{"url":"/en/individuals/borrowing/holiday-loan"}},{"componentType":"articleCard","cardType":"article","cardSize":"medium","title":"How to get a personal loan in Belgium?","body":"Find out about the essential criteria for obtaining a personal loan in Belgium","image":{"transformBaseUrl":"https://assets.ing.com/transform/b594480b-d2c7-4db0-bfae-6cdb14dcbe4a/Boy-sitting-on-table-doing-homework","type":"image","width":6000,"altTextNL":"Jongen zit op tafel huiswerk te maken","altTextFR":"Garçon assis à table faisant ses devoirs","original":"https://assets.ing.com/m/565a8a28bc1d95d3/original/Boy-sitting-on-table-doing-homework.jpg","extension":"jpg"},"date":"2024-01-12","link":{"url":"/en/individuals/borrowing/how-to-get-personal-loan"}}]}]},"legalZone":{"flexComponents":[{"componentType":"sectionTitle","title":"Legal notes"},{"componentType":"paragraph","title":"Legal information related to advertising on this product","richBody":{"value":"The amount that you are likely to be able to borrow, as stated in the advertising message, is communicated for information purposes only. Neither the granting of the loan nor the aforementioned amount are guaranteed by ING Belgium. To determine the amount thus simulated, we took into account a set of data currently known to ING, in particular: your financial situation (i.e. your income and any extra-legal benefits as well as your expenses on your ING accounts as well as your savings, loans and investments with ING), your personal and family situation known to ING (in particular, your age, your personal status, your dependents) and the fact of exercise an independent activity. On the other hand, it is not required to provide the following information (which will be requested and/or verified in the event of a credit application on your part), in particular: your professional situation, the type of residence you occupy, other expenses or income not known to ING or futures, your savings and investments with ING, as well as credit data with third parties consulted with the National Bank of Belgium.
This advertising message, which concerns an installment loan for private purposes subject to consumer credit legislation, does not constitute an offer of credit. It is intended exclusively for natural persons of legal age and any request for credit is made subject to prior acceptance of your file by ING Belgium and mutual agreement. The general conditions and rates for this loan are available from all ING branches and can be consulted on www.ing.be (section 'Rates and regulations'). Your request and the possible approval of your request by ING (after examination of your file by ING) in a branch or through the 'Consumer Loans Online' service on www.ing.be, do not commit either ING or yourself, as long as you have not signed a credit agreement at your ING branch or, in the case of an online request, as long as you have not returned the signed credit agreement (after prior approval of your file by ING) to ING, where it is checked beforehand whether the data provided in the request are accurate and complete (among other things, on the basis of the documents submitted or to be submitted).
"}},{"componentType":"paragraph","title":"Legal information related to the loan provider","richBody":{"value":"Lender: ING Belgium SA/NV – Bank – Marnixlaan 24, B-1000 Brussels – RPR Brussels – VAT: BE 0403.200.393 – BIC: BBRUBEBB – IBAN: BE45 3109 1560 2789
"}}]}}}