ABN AMRO MBA Loan

Can you tell me in detail about the types of Loans offered by ABN AMRO Bank N.V. for its customers?

In 1991, Algemene Bank Nederland (ABN) and AMRO Bank (itself the result of a merger of the Amsterdamsche Bank and the Rotterdamsche Bank in 1960s) agreed to merge to create the original ABN AMRO. By 2007, ABN AMRO was the second-largest bank in the Netherlands and the eighth-largest in Europe by assets.

Loans

Privélimiet Plus

• The Privélimiet Plus (Personal Credit Line Plus) allows having a negative balance on bank account. This way, one will always have money available in bank account.
• Being overdrawn, up to a sensible limit. This overdraft limit is set at a minimum of €500 and a maximum equal to one’s net income.
• One will only pay interest on the overdrawn amount.
• Easily check account balance using the balance app.

Flexibel Krediet
• With Flexibel Krediet (Flexible Credit) one will always have funds at disposal for unexpected expenses. The amount which can spend depends on personal situation. Together Bank will negotiate a suitable limit for one. This amount will be between € 2,500 and € 75,000.
• Always have extra funds available in a separate account.
• Free debit card with which can make payments and withdraw money worldwide.
• The repayments make can be withdrawn again later.

Persoonlijke Lening

• A Persoonlijke Lening (Personal Loan) is ideal if need a large, one-time sum of money. The amount can borrow depends on personal situation. This amount will be between € 2,500 and € 75,000.
• The interest rate depends on personal situation.
• One will receive the amount in one lump sum.
• One will pay back a fixed amount each month.

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Answered By StudyChaCha Member