For the Netherlands
Each month you pay back a fixed amount of the money you borrowed. This amount consists of two parts:
One part repayment (you pay back a piece of your loan)
One part interest (the cost you pay to borrow money).
The interest rate for the Flex loan is:
- 13.95% nominal interest rate
- 14.88% effective interest rate
What is nominal interest rate?
The nominal interest rate is the interest rate you pay per year. This rate is often used to compare the loan.
What is effective interest rate?
The effective interest rate better shows what your loan really costs. This rate does take into account how often you pay interest and other costs.
Is the interest rate fixed?
No, the interest rate is variable. This means Riverty adjusts the interest rate if the legal interest rate changes.
If the interest rate increases, we will notify you 1 month in advance.
Don't agree with the change?
Do you disagree with the interest rate increase? Then you can repay the remainder of your credit that you still have to pay (including interest) in one go. Do this on or before the last day of the notice period. Then the credit will be terminated.
Useful links:
I have a question about Flex. How can I contact you?
Will my Flex registered with BKR?
How can I terminate my Flex credit?