Pay attention to borrowing money costs money

Is the interest on revolving credit deductible?

Would you like to take out a loan for your own home and are you curious whether the interest is deductible? We are happy to tell you what type of loan the interest is deductible on.
Calculate your loan

Interest on a revolving credit

From 1 January 2013, the 'Act on the revision of the tax treatment of the owner-occupied home' came into effect. This means that from 1 January 2013 you are no longer entitled to interest deduction on a revolving credit. If you have taken out an amount from the revolving credit that was used for the renovation or purchase of the house in which you primarily live before 1 January 2013, you are still entitled to interest deduction on that amount. Amounts withdrawn after that fall under the new legislation and are therefore no longer deductible.

Why a revolving credit for a home?

A revolving credit is requested to take up all or part of the loan amount over a longer term. It offers flexibility during the renovation of your home. The interest is calculated on the outstanding balance.

A revolving credit is ideal if you have been in a renovation for a long time and want to take up a part each time. Especially when you do not know how long the renovation will take and what the exact costs are, a revolving credit offers the solution.

Interest personal loan deductible

When you are renovating your own home, a personal loan can be more attractive from a tax point of view. The interest on a personal loan is deductible, provided it can be demonstrated that it concerns a renovation that is being done for a house in which you primarily live. Would you like more information about the interest deduction on a personal loan? Consult the tax authorities.

Borrow money

Fixed and cheap interest rates
Always pay off penalty-free
Personal contact
From:
3.5%
Calculate your loan
en