What is smarter: saving or paying off a loan?

“I also get nothing for my savings anymore.” But in the meantime just keep saving nice. Recognizable? Probably. Because in the spring the total money box in the Netherlands amounted to € 343.6 billion. also has a loan, and I don’t understand that very well, because a loan costs much more than saving, which is why this week the key question is:

save or repay a loan ?

save or repay a loan ?

Average savings interest less than 1%

The savings interest has fallen dramatically in recent times. The interest rate of most large banks is below 1%. This negative trend is expected to continue. Time and time again the European Central Bank lowers interest rates. This makes money increasingly cheaper. And so banks want to pay less for consumers’ savings.

High savings tax

It is not only the low interest rates that make it unattractive to save. There is also a saving tax: the capital gains tax. If you have more than € 21,333 in savings, you must pay tax. Namely about the assets above € 21,333. When calculating the savings tax, the Tax and Customs Administration assumes a return of 4% on assets. You then pay 30% tax on that return.

Many people think it is unjust. I agree with them. Of course, if you invest your money smartly, a return of 4% is certainly achievable. But for most people the money is just in the savings account. With a return of less than 1%. That is 3% less than the notional return that the Tax Authorities calculate.

Your savings are also worth less due to inflation, which means you lose double money.

money with cards

Then better repay

As long as you do not borrow money and only save money, a low savings interest still remains more than no interest. But if you have a loan on the one hand and you save money on the other, you’d better pay off your loan. Because the interest you pay for your loan is in any case higher than the return on your savings account. Saving and borrowing is a waste of money. Pay off!

Keep a financial reserve

Always make sure you have money in hand. For contingencies. It would be annoying if, after paying off, you have to take out another loan because your car breaks down. Easily calculate online how much you should at least keep on hand on the Nibud website.

Hopefully it is now clear to everyone what the benefits of paying off are. And especially that it costs unnecessary money to both save and borrow. So don’t. Just pay off your loan and enjoy a debt-free existence.

What is Find Loan?

In order to offer you their products, banks will first look at your Credit Rating and make use of their products if they are high (eligible). There is an organization called Find Loan in the easiest way to learn this credit rating. With Find Loan, we can easily access our credit rating and risk report. What is Find Loan? How to use Find Loan?

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  • 1 What is Find Loan?
  • 2 Find Loan Free Credit Grade Learning

What is Find Loan?


Find Loan partnership of Turkey’s leading and established cooperation with 9 different banks, Credit Bureau (KCB) by the mirror is a financial service that is implemented. Find Loan is your mirror in the financial sector and it prepares you for the financial sector (Banks). You can query your credit rating, learn and create your current risk report.

As you have learned your credit rating, you can generate a current risk report and receive your risk report as you wish in any period. Subscribing to Find Loan is free, but after the first query, you will be charged. With very low numbers, you can reach all your information in banks and analyze.

At the same time, It offers specific tactics for upgrading your credit rating and helps you upgrade your credit rating in a very easy way.

Find Loan coaches you to improve your credit rating.

Information Find Loan is the safest way to learn your credit rating. It works in collaboration with banks and was established by the Credit Registry Office (KKB). Be careful not to share your information with fake sites.

Find Loan Free Credit Grade Learning

With Find Loan, you can learn your credit score in a free and short way. If you are registering for the first time at Find Loan, you can read our Find Loan Free Credit Note Learning article.