What happens with my bike loan after leaving Belgium?

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Member since 08 February 2020

nemotheexpatMember08 February 2020 13:48:00

Hi guys,

I have been living in Belgium almost two years now, however I need to leave Belgium and move back home for some personal reasons. I have a bike loan here that expires next year. I was wondering if I need to repay it completely before leaving or I can just continue transfering money to my belgian account until it is fully repaid? Ing is recommending to leave the account open for at least 6 months after leaving, so that's why I am asking...

Thanks

stumpy Laos Expert

Member since 27 November 2009

stumpyLaos Expert08 February 2020 18:31:33

17974

Welcome to the forum

Best thing to do is to discuss the situation with whoever you borrowed the money from. If you can prove that you have personal reasons to leave Belgium and you have the ability to repay the loan then you may be okay.

AlexFromBelgium Animateur Belgique EN/FR

Member since 28 January 2018

AlexFromBelgiumAnimateur Belgique EN/FR08 February 2020 22:04:38

1739

As long as you're paying your monthly loan, no one will care about your case... and you wouldn't trigger any alarm in their system.

In your case, I would close the bank account while leaving Belgium (most of the banks ask around 30/50€ in order to do it...), and so, your loan as well.

So just make sure with ING that you can close your bank account if you're not in Belgium anymore as they might require your signature and maybe not digital signature

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