Consolidating loans in Belgium

Updated on September 1, 202611 plans compared11 providers

In short

Several running loans can be merged into a single one, with one instalment and one rate. That simplifies administration and lowers the monthly burden. Whether it also lowers the total cost is an entirely separate question.

Belgian lenders whose personal loans are suited to consolidation.
Provider	Plan	Rate	Key points	View plan
CBC BanquePartner KBC	Prêt personnel	7.89%	French-language brand of the KBC group Sign up online Discount if your salary is paid in	View plan
mozzenoPartner	Prêt collaboratif	6.99%	Loan funded by private individuals Fully online process Immediate decision in principle	View plan
Europabank	Prêt personnel	5.45%	Belgian bank of the Crelan group Fast decision Amounts from €1,250 to €50,000	View plan
Beobank	Prêt personnel	7.05%	Branch network across Belgium Sign up online or in branch Outstanding balance insurance optional	View plan
KBC	Prêt personnel	7.89%	Quote and sign-up fully online Discount if your salary is paid in Online calculator	View plan
Crelan	Prêt personnel	7.89%	Belgian cooperative bank Network of independent branches Term up to 60 months	View plan
Cofidis	Prêt personnel	7.90%	Consumer credit specialist Fully online sign-up Fast response	View plan
Cetelem BNP Paribas Fortis	Prêt personnel	7.99%	Subsidiary of BNP Paribas Personal Finance Sign up online Amounts up to €50,000	View plan
Belfius	Prêt personnel	7.99%	Single rate whatever the amount Sign up in the Belfius app Branch network	View plan
Elantis	Prêt personnel	8.25%	Subsidiary of AG Insurance Distributed through brokers Amounts up to €50,000	View plan
Argenta	Prêt personnel	9.35%	Belgian bank with a network of independent agents Discount with an Argenta account Managed in the app	View plan

Prices and features surveyed on August 10, 2026. They may have changed since. Always check the offer on the provider’s website before signing up.

What consolidation actually does

A new loan settles the existing ones. Afterwards you pay one instalment to one lender instead of several to several, at a single rate and with a single end date.

The benefit is real but administrative: fewer direct debits, fewer dates, less risk of missing one. An economic benefit only arises if the new rate undercuts the old ones without stretching the term.

The only calculation that counts

Add up everything you would still pay under the existing contracts — instalment times remaining months, for each loan. Then add up everything you would pay under the new one.

Compare those two totals and nothing else. Comparing monthly instalments answers a different question, namely one about your cash flow, and conflating the two is exactly the mistake these products rely on.

What to watch for

Settling the old loans early triggers a compensation capped by law. It is limited, but it exists, and it belongs in the calculation.

Check too whether outstanding balance insurance is required. Where it is made a condition, its premium is part of the cost of the operation — and you remain free to buy it from another insurer.

Our verdict

Consolidation almost always cuts the instalment and frequently raises the total cost, because it stretches the term. Ask for the sum of all payments — before and after. If the new sum is higher, you are buying room in the budget rather than a saving, and that should be a deliberate decision.

Frequently asked questions

Does consolidation save money?

Only if the new APR undercuts the old ones without the term growing. Where the term is stretched — the usual route to a lower instalment — total cost normally rises even though the monthly burden falls.

Which figure should I compare?

The sum of all remaining payments under the existing contracts against the sum of all payments under the new one. Comparing instalment against instalment answers a question about cash flow, not about price.

Does settling the old loans cost anything?

Yes, a compensation for early repayment capped by law. It is limited in Belgium and usually moderate, but it belongs fully in the calculation because it eats into whatever the consolidation saves.

Must I take outstanding balance insurance?

A lender may require it but cannot dictate where you buy it. You are free to choose the insurer, and the price spread between offers on this product is considerable.