ABN AMRO mortgage

Written by: Joost van Herpen

Reviewed by: Roel Wonders

Written on: 29 juni 2024
Dutch version ABN AMRO is one of the best-known banks in the Netherlands. It is the 2nd largest mortgage provider in our country,

The ABN AMRO mortgage interest rate is especially competitive for shorter fixed-rate periods of 5 and 10 years. You get an interest discount when you open a checking account. The bank also offers interest discounts for sustainable homes. ABN AMRO also offers opportunities for, for example, doctors in training, pilots and professional athletes.

As a Certified Mortgage Planner, I naturally know everything about this bank's mortgages. I know everything about the interest rate and the conditions. Below I will tell you all about the interest rate policy and the pros and cons. Want to know whether the ABN AMRO bank has the best mortgage for you? Then schedule a free meeting with me..

Pros

• Interest discount when opening a checking account
• Rent discount when purchasing an energy-efficient home
• Free bank guarantee when buying an existing home
• No extra costs for having your business income determined
• Mortgages for all forms of new construction, both self-managed and collectively without a project developer
• Mortgage application often processed within 24 hours
• Options to convert mortgage into rental mortgage

Cons

• Only interest discount when opening an ABN AMRO account
• Bonus payment is included for a maximum of 25% towards the maximum mortgage
• An interest-only mortgage can be for up to 50% of the market value

Curious about your maximum mortgage? Wondering if this or one of the other 37 mortgage providers has the best rates and terms for you? Schedule a free consultation with me..

Joost en Roel huis

Joost van Herpen & Roel Wonders EHP

About ABN AMRO

The history of ABN AMRO goes back to 1824 when William I of the Netherlands founded the Nederlandsche Handelmaatschappij (NHM).

This trading company merged with the Twentsche Bank in 1964 to form the Algemeen Bank Nederland (ABN). In 1964, the Amsterdamsche Bank and Rotterdamsche Bank merged to form the AMRO Bank.

In 1991, ABN merged with AMRO Bank, creating ABN AMRO. Since 2008, ABN AMRO Bank has been owned by the Dutch state, which therefore owns the bank.

ABN AMRO not only offers mortgages, but of course also banking and insurance products. ABN AMRO’s biggest competitors are ING and Rabobank.

What are the funding sources for ABN AMRO?

ABN AMRO lends money from savers in the form of mortgages. That is why the bank likes to lend money with a relatively short fixed interest period of 5 to 10 years.

Mortgage interest from ABN AMRO

ABN AMRO mainly offers a low interest rate for a mortgage with a fixed interest period of 5 and 10 years. You get a discount on the mortgage interest through a checking account. ABN AMRO also offers interest discounts on energy-efficient homes.
View the current mortgage interest rate now and compare it with the interest rates of other providers:

Is ABN AMRO reliable?

ABN AMRO is one of the best-known Dutch banks. The bank has approximately 20,000 employees and is active worldwide.

In 2008, the bank was taken over by the Dutch government, after ABN AMRO got into trouble during the credit crisis. Until 2015, the Dutch state owned all shares. That year, the first shares were traded on the stock exchange again.

Since 2023, the government no longer has a majority stake in the bank. It remains the bank’s largest shareholder.

What is my experience with ABN AMRO?

ABN AMRO employs many experienced employees, so they can contribute ideas. ABN AMRO has a broad acceptance policy and therefore has a solution for many situations.

ABN AMRO itself assesses the income of a self-employed person. This allows them to really think along with a mortgage application for an entrepreneur, because they assess the entrepreneur’s documents themselves. This makes the application process easier. And you do not have to incur additional costs for an Income Statement via an external calculation expert.

The bank also has a so-called “target group policy” for, for example, doctors in training, pilots and professional football players. These often have a temporary contract with no prospect of a permanent contract. As a result, they often do not have a letter of intent stating that they have the prospect of a permanent contract.

In many cases, ABN AMRO sees these temporary incomes as fixed, making it possible to take out a mortgage.

If this mortgage provider is not the best for you? Then one of the 37 other providers might be better Schedule a free consultation with me to find out.

Extensive pros and cons

The advantages and disadvantages are described in detail below:

Pros

  • If you have or open a checking account, you will receive an interest discount
  • If you have an energy-efficient home, you will receive an interest discount
  • A free bank guarantee if you buy an existing home
  • As an entrepreneur, you do not have any additional costs for determining your entrepreneurial income
  • You can finance almost all types of new construction at ABN AMRO. So whether you want to build a home yourself or you want to build a home with a collective without a project developer, you can contact ABN AMRO for both options
  • Fast processing of your mortgage application, in many cases within 24 hours
  • You can, under certain conditions, convert your home mortgage into a rental mortgage

 

Cons

  • You will only receive the interest discount if you have or open a checking account with ABN AMRO
  • A bonus payment from your employer is included for a maximum of 25% of your gross annual salary + holiday allowance
  • An interest-only mortgage may not exceed 50% of the market value of your home

 

We do our best to keep the conditions up to date, but mortgage providers may change their conditions. Schedule a free consultation with me so that we can discuss the most current conditions and pros and cons.

Roel Wonders Review
Roel Wonders

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