Since 2005
updated daily
1,200,000 people
visit us every year
Fair comparison
completely independent

Revolving credit

What is revolving credit?

With a revolving credit , you (the borrower) may withdraw money from the lender, up to a predetermined maximum amount (the credit limit). So you do not have to withdraw the full amount in one go. In fact, you decide which amounts to withdraw and when. You only pay interest on the amount withdrawn. The interest you owe is variable. So you do not know in advance exactly what your interest costs will be. The loan is repaid during the term. In addition to the fixed repayment amounts, you can repay extra amounts at any time without penalty. The moment you have repaid part of the loan in the meantime, you can always decide at a later time to use this amount again. Of course again up to the credit limit.

A revolving credit is mainly chosen when flexibility is important. Consider, for example, the situation where you do not immediately need the full amount. Or if you do not know exactly how much money you will need when taking out the loan. A revolving credit is also often chosen if you regularly run out of money and can use the revolving credit to cover these shortages.

Lowest interest rate revolving credit

On this site we keep track of the current interest rates of a large number of lenders . The table below shows the lowest and highest interest rates currently offered by these lenders for various amounts.
Current lowest interest rate revolving credit
loan amount min interest max interest
$ 5,000 7.80% 9.60%
$ 10,000 6.10% 8.70%
$ 25,000 4.50% 8.00%
$ 50,000 4.50% 8.00%
more interest on revolving credit
If you want to compare all current interest rates on borrowing, click here

Main features of the revolving credit

We have listed the most important features of a revolving credit below:
  • a limit is set to where you can withdraw money (credit limit);
  • you can withdraw repaid amounts again. Maximum up to the limit;
  • you can voluntarily repay additional amounts;
  • you only owe interest on the amount withdrawn, not on the credit limit;
  • sometimes a term life insurance is included in the loan;
  • a variable interest rate applies.

Rates for a revolving credit

A revolving credit has a variable interest. This interest is of course primarily dependent on the market interest rate. This is the interest that the lender has to pay on his money (ie the purchase price for the lender). The higher this market interest rate, the higher the interest on the revolving credit. In addition to the market interest rate, however, there are a large number of factors that can determine the level of the interest. We have listed the most important ones below.

Amount of the loan

It is often the case that the interest rate decreases with a higher credit limit.


When there is collateral (eg a house), a much lower rate often applies than with a blank credit.

Personal risk profile

The lender often creates a risk profile for each applicant. This takes into account your age, income situation, credit history, outstanding loans, etc. The lower the risk, the sharper the rate.

Additional insurance

For some products, insurance is included in the revolving credit. For example, a number of revolving loans has the construction that the loan expires if the borrower (the person who has borrowed the money) dies during the term of the loan. In that case, a term life insurance is attached to the loan. Of course you often pay a slightly higher interest rate for such insurance.

The above factors show that not everyone is eligible for the same interest rate! In fact, there can be almost 10% difference between the lowest rate offered and the highest rate! Moreover, not all companies deal with the above variables in the same way. Before you take out a revolving credit, it is therefore very wise to make an extensive comparison between the different providers. For an indication of the possible interest rates for a revolving credit, we have listed the minimum and maximum rates of the companies that we have in our databases in the table below. The interest rates shown are effective annual interest rates.

Special forms of revolving credit

Credit companies often offer different forms of revolving credit. Below we have listed a number of special shapes.

WOZ credit

We define a WOZ credit as a revolving credit with your own home as collateral. In doing so, society looks at the WOZ value of your home. When this WOZ value is sufficiently high, a credit can be obtained.

For more information about a WOZ credit, click here.

Elderly credit / plus credit

Often with a standard revolving credit, the loan must be paid off by the time the borrower reaches a certain age. Nowadays, loan products are specially designed for older borrowers in which this final age is extended. Often there is the option of canceling the loan in the event of death (a higher interest rate applies).

Interest credit

With a standard revolving credit, repayments are made during the term. With an Interest credit, no repayments are made at all. The credit is reassessed after a number of years. Often a form with repayments is chosen.