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Student debt and BKR registration: What exactly is the situation?

On April 11, 2021 written by Drs. Vera van der Vliet
  • Lawyer
Borrowing with BKR

Taking out a loan with student debt: is this actually possible? With every late payment (or debt), you are registered with the Bureau Krediet Registratie (Credit Registration Office). This BKR registration can be a burden on your shoulders if you want to take out a loan.

Lenders are very reluctant to take out a loan with a BKR registration, but what about student debt? Can you take out a mortgage with student debt and receive a BKR registration?

Is student debt registered with BKR?

No, student debt is not registered with the Bureau of Credit Registration (BKR). This means it will not automatically affect your BKR registration, but it may affect your ability to take out a loan or mortgage.

Although the government has stipulated that DUO does not have to report student loans to the BKR, it is important to know that mortgage lenders will still take your student debt into account. This debt can affect the maximum mortgage you can get, despite not being on your BKR record.

The consequences of student debt (BKR?).

When applying for a loan, you will not be rejected because of a student debt BKR registration; in fact, this registration does not exist. However, you may still face the consequences of your student debt. But how is this possible even though you have no BKR registration? This works as follows: although you do not have a registration, the debt does affect your finances.

In fact, you still have to repay this debt, making it a monthly burden in your expenses. When taking out a loan, you are required to report your financial obligations. Even though the student debt is not BKR registered, it is part of your obligations and you are required to report it to your lender. Thus, your student debt will affect the maximum loan amount.

Student debt BKR and the maximum loan amount

Thus, student debt does affect the maximum loan amount. In fact, due to study debt, recent graduates start with a huge debt. Although this study debt is not registered with BKR, it is a financial obligation that you must fulfill. You must report this obligation when applying for a loan.

In many cases, it is tempting not to mention this student debt, but we recommend, however, that you do report this debt to your mortgage lender. After all, it relates to your monthly expenses. A mortgage lender will take into account the initial amount of your student debt. Based on this, your average monthly expenses are determined so that you do not drown in monthly expenses.

Dynamite Netherlands at your study debt BKR

So even though a student debt is not registered with the BKR, it does affect the maximum mortgage. We therefore recommend that you first pay off the student debt before taking out a loan. This increases the maximum loan amount and prevents you from falling head over heels with the large monthly charges afterwards. You can also apply for a mortgage with National Mortgage Guarantee (NHG). This gives you a step extra security, especially as a starter.

Do you have questions about student debt BKR and how it affects any loan? Feel free to contact one of our specialists. Would you like to remove a BKR registration or are you curious about what is not possible with study debt? We will gladly advise you.

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