Waive loan upon death There are lenders who forgive (part of) the loan as soon as the applicant dies. That is good for the next of kin, especially when it concerns larger amounts.
Cigar from your own box? It is mainly the large banks that forgive the loan if the applicant for the loan dies. Since borrowing from major banks is usually more expensive than borrowing from a price fighter, this is a cigar from your own box. After all, it is usually cheaper to take out a life insurance yourself for the difference in interest. The bank itself also benefits from linking term life insurance to a loan. At the moment the applicant dies, the bank is sure that the loan will be repaid.
Conditions for remission differ Do you want to borrow where the loan is waived in the event of death? In the overview below you can see with which lender this is possible. Take into account the fact that not every bank does this under the same conditions (and the conditions can change at any time), so always check the exact conditions of a loan before taking out a loan.
If you want to compare all current interest rates on borrowing, click here