People taking home around €1,635 a month or less will find it harder to get a loan next year when the industry tightens up its credit requirements.

Credit rules are being changed following pressure from the financial services watchdog AFM which is concerned that people are getting into unnecessary debt and paying excessively high interest rates.
An estimated 15,000 households are believed to be struggling to repay expensive loans, reports public broadcaster NOS on Wednesday.
From next April, the VFN, which represents between 75% and 80% of credit providers, will only give loans to households with an average income if their fixed expenditure is under €580 a month – or they have just over €1,000 to actually spend. That figure was drawn up by the household spending institute Nibud.
This means that 500,000 households will no longer be able to take out a personal loan, according to calculation by ANP news service.
A VFN spokesman told ANP that he does not expect a flood of applications before the new rules are introduced in April.
The new rules will also apply to bank and insurance companies’ subsidiaries such as Ohra.