Changes terms & conditions Flexibel Krediet

Yes, ABN AMRO has the right to change the terms and conditions applicable to your Flexibel Krediet. If you do not agree with the changes, you have the right to cancel your contract with immediate effect. To do so, you’ll first have to repay your entire outstanding balance.

You can withdraw money up to the agreed amount from your Flexibel Krediet facility, make repayments and withdraw from the credit facility again till 1 January 2022. After this period, you’ll no longer be able to withdraw from the credit facility. You’ll be expected to continue to repay the Flexibel Krediet on a monthly basis. In case your Flexibel Krediet is already blocked for withdrawal, this will remain unchanged and you are no longer able to withdraw money from your Flexibel Kediet.

Limiting the withdrawal period will ensure that the loan is used no longer than needed. We believe that our clients’ financial situation is and will be better served by considering a loan as a temporary solution and eventually repaying it in full.

Not until after 1 January 2022 will you be prohibited withdrawing money from the credit facility. With effect from that date, you’ll start to repay the balance that’s still outstanding at that time.

Yes, the withdrawal option will be blocked for all clients who’ve taken out Flexibel Krediet from ABN AMRO.

We will send you a notice three months in advance before the withdrawal period will be blocked.

You’ll no longer be able to withdraw from your Flexibel Krediet facility. You may, however, decide to take out one of our other loans.

Making repayments is simple and there’s no charge. Find out how to make additional repayments.

That depends on your situation. We recommend that you contact a tax professional.

Yes, you can continue to use your Flexibel Krediet; please remember that the new conditions apply.

As soon as you reach the age (65 or 70) at which we start to reduce the Credit Limit of your Flexibel Krediet, we'll lower the credit limit by 1/120th per month. When applicable, the limit reduction will also take place during the withdrawal period. After the end of your withdrawal period (1-1-2022) the withdrawal possibility is blocked and you will continue to repay the loan. This effect is illustrated in the visual below.

First, you’ll need to repay the outstanding balance. You can’t cancel your loan until you’ve repaid the entire outstanding balance. After you’ve done that, all you need to do is go online and cancel the loan in the Internet Banking environment. If you’ve successfully cancelled your loan, we’ll send you a bank mail confirming the cancellation.