Unable to pay a loan? Payment arrangement with bank

Are you unable to pay your monthly amount? That can happen. For example if you have to pay a large amount unexpectedly. Or temporarily less work. 

Bankate offers two options:

1. You do not pay your monthly amount once. We call this a Time Out. View the conditions for this option at the bottom of this page.

Do you meet all the conditions and do you not want to pay your monthly amount once? Send an e-mail to service@Bankate.nl and indicate:

  • what the contract number of your loan is.
  • during which month you want to skip paying your monthly amount.

2. You pay a lower monthly amount. View the conditions for this option at the bottom of this page.

Is there a co-contractor? Then he must agree. Do you meet all the conditions and do you want to pay a lower monthly amount? Send an e-mail to service@Bankate.nl and indicate:

  • what the contract number of your loan is.
  • what the reason for your request is.
  • which monthly amount you would like to agree.

With options 1 and 2, the term of the loan becomes longer and you pay more interest.

A payment arrangement for payment arrears

A payment arrangement for payment arrears

Do you already have payment arrears? Our employees are available on workdays from 8.30 a.m. to 9 p.m. and on Saturday from 10 a.m. to 4 p.m. If it is possible, you will receive a payment arrangement.

Conditions do not pay once the monthly amount

Conditions do not pay once the monthly amount

Bankate can give you the option not to pay your monthly amount once. Please note: we do charge interest for the month in which you do not pay. The total costs of your loan will therefore be higher and the duration of your loan will be longer as a result.

These are the conditions for not paying the monthly amount once:

  • You have a revolving credit.
  • You pay us at least 1.5% of the limit each month (the maximum amount you can withdraw).
  • You have already withdrawn at least 30 USD from your Continuous Credit.
  • You have always paid your monthly amount on time.
  • You can still withdraw money from your Continuous Credit.
  • Your salary has not been seized.
  • You have had a Continuous Credit for at least 6 months.
  • You use the Time Out Card up to twice a year.

Conditions pay a lower monthly amount

Bankate can give you the option of structurally paying a lower monthly amount. Please note: this means that it will take longer before you have repaid your loan. The total costs of your loan will therefore be higher and the term of your loan will be longer.

These are the conditions for paying a lower monthly amount:

With a Personal Loan

  • If Bankate lowers your monthly amount, you can still take a maximum of 10 years to repay your loan.
  • You repay your loan before your 74th birthday.
  • Is there a co-contractor? Then he must agree.

With a revolving credit

  • You pay us at least 1% of the limit each month (the maximum amount you can withdraw). The interest that you pay must then be less than 1% per month.
  • You can lower the installment amount to a minimum of 50 USD.
  • Bankate blocks the withdrawal option of your credit.
  • You repay your loan before your 74th birthday.
  • Is there a co-contractor? Then he must agree.