Variable interest rate for cash advances - AG Employee Benefits
Couple applying a cash advance against their group insurance plan towards building their home

Published on 02/02/2021

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No change in variable interest rate for cash advances in 2022

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The option to take out a cash advance against the cash value of a group insurance plan is a handy way to finance the purchase of a house or holiday home, or even to use towards paying off a mortgage loan. A benefit your staff members will surely appreciate. The variable interest rate for this year is also 1.25%.

This interest rate, valid for one year, will be revised annually, either upwards or downwards. For cash advances with annual interest payments at a variable rate, the interest rate in 2022 will be the same as last year: 1.25%.​


Are your staff members aware of the benefits of a cash advance?​

Your staff members have the option to take out a cash advance against their group insurance reserves for the purchase, construction or renovation of a home. They can also apply the advance towards paying off a mortgage loan.​


On My Global Benefits, your staff members will find all the details and the requirements for taking out a cash advance:​


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Have a question about cash advances or the interest rate?​

With the information above, you’ll have everything you need to advise your staff members on taking out a cash advance. ​ ​

Have a specific question?

​Let us know at ​benefits@aginsurance.be​ and we’ll be happy to help you.​​


TIP
​You can use the​ e-signa​ture ​to speed up and simplify the application process for a cash advance.