Refinancing loan

To arrange a reward loan, you will only need one proof of identity; in case of refinancing your loans, we recommend that you bring the loan agreements for the disbursed loans with you.

You can use a reward loan to finance anything you want or need. You can also use it to pay off consumer loans with other banks and non-banks, credit cards or authorised overdrafts.

You'll get a reward in the form of a 2% interest rate discount immediately when you take out your loan, which means you'll pay a lower repayment from the start of your repayment period.

In order to keep the discounted interest rate, you need to repay the loan properly and make a special repayment or early repayment before the end of the agreed repayment period only under the following conditions:

• for a repayment term of 13-36 months, the loan may not be prematurely or partially repaid during the entire term of the loan
• for a repayment term of 37-96 months, the loan may not be prematurely or partially repaid halfway through the term and for at least 3 years at the same time.

The interest rate discount also ceases if:

• the borrower defaults on two or more consecutive annuity payments or other monetary obligations under the loan agreement

For more information on the terms and conditions of the benefit, please contact CONTACT or any VUB Bank branch.

All valuable advice and information on how to deal with difficult situations can be found HERE.

In order to receive a refund of the loan origination fee after 36 months, you only need to send 2 times the monthly instalment to your current repayment account at VUB. If you have multiple loans with this benefit, then you need to send 2 times the sum of the monthly repayments of the loans with this benefit.