To calculate the maximum loans, the AFM has drawn up a calculation model: model for maximum lending. Section 7:17 (3) BfmBES states how the monthly amount the customer can afford to pay for finance has to be calculated. In the creditworthiness assessment, an assumption is used for the fixed expenses of the applicant. These fixed expenses can be divided into a fixed component and an income-related component. The fixed component, referred to as a ‘standard amount', contains the local necessary expenses to be able to provide for a specific standard of living.
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 adjustment of this regulation has been delayed. As a result, the standard amounts will be adjusted as of 1 May. 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 May 2020. The standards have been indexed in line with prices. Prices rose with 1.3% last year on Bonaire, with 0.7% on Sint Eustatius, and with 0.5% on Saba.