These standard amounts are laid down in Section 2:5 of the RfmBES and are adjusted every year in April by the Minister of Finance. The standard amounts are set for the different household compositions. The assessment also includes the costs of living. The standard amounts are intended for loans you will provide from 1 April 2021. The standards have been indexed in line with prices. Prices decreased with 2,5% last year on Bonaire, with 1,5% on St. Eustatius, and 0.7% on Saba.
Standard amounts of credit rating For The Caribbean Netherlands
Credit providers are not allowed to grant loans if doing so is not responsible. The credit provider or adviser must obtain information regarding the consumer’s financial position. It is important that the consumer is willing and able to afford the costs of this maximum mortgage or consumer credit. The customer’s situation must be taken as the point of departure.
Standard amounts of credit rating
Calculation tool for APR and monthly annuity
You can use the calculator developed by the European Union to work out the Annual Percentage Rate (APR), which equates to the Jaarlijkse Kosten Percentage (JKP) in Dutch. You can also use the tool to work out the monthly repayment on the loan. The tool works for both consumer and mortgage loans. It is based on the Consumer Credit Directive and the Mortgage Credit Directive.
This module can be used in various languages. The instructions with the tool explain how this model can be used in a few steps.