Purchase by instalments Caribbean Netherlands


The AFM has been receiving signals that companies are offering credit in the form of purchase by instalments. The AFM wishes to remind all companies that they have to apply for a licence from the AFM in order to do so.

The term ‘credit’ is defined in Section 1.1 WfmBES. The note to this section states that the definition includes both credit in the form of money and credit to purchase goods. With credit to purchase goods, the consumer has the use of the goods – a car or a television, for example – or receives a sum of money with which they can purchase the goods. As with credit in the form of money, the amount borrowed has to be repaid (possibly in instalments).

The AFM is committed to promoting fair and transparent financial markets.

As an independent market conduct authority, we contribute to a sustainable financial system and prosperity in the Netherlands.

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