The first own apartment is a particular challenge for some young people. It is important to properly equip the new acquisition with furniture. And even those who have moved out of the Hotel Mama for a long time and already live in their own apartment will have to think about buying new furniture at some point. Be it because the old furniture is no longer appealing or because the living situation has changed.
However, they all face a major problem. Furniture – especially if it should have a value and a high quality, costs a lot of money. Too much for many consumers. You must therefore either postpone the desire for a new home furnishings or use a corresponding loan for the home furnishings. The latter is very easy to implement, as there are various points of contact for the loan for the home furnishings.
The furniture store is happy to help out
The furniture store is the first point of contact. For many years, not only has it been possible to buy furniture there, but also to finance it. The furniture providers even offer corresponding financing on the Internet. A loan for home furnishings is therefore easily possible in this way.
It is important that the furniture store only has a loan offer. As a furniture buyer, you therefore have no chance of choosing the best loan from various offers. But you don’t have to go to the banks for offers and you know immediately whether a loan for the home furnishings is possible or not.
The disadvantage is that the lack of offers means that there is no choice and the loan must be used at the interest rate that the furniture store offers. Although these are usually quite good, there is certainly an even better offer at one or the other bank. In addition, the money is not freely available. The furniture must be bought where the loan for the home furnishings is offered.
What can be expected from the banks?
It looks a little different with a bank loan. Anyone who chooses a simple installment loan has a say. In terms of the amount of the loan, the term and, last but not least, the interest accruing on the loan. Because the loan can be taken out at any bank, which means that you can compare as a borrower and thus also influence the interest rate.
The money is also freely available. You are not tied to a furniture store, but can put together your own home furnishings. On top of that you can act as a cash payer at the furniture store, which in some cases can lead to a decent discount on the purchase. One or the other USD would therefore also be saved in this way.
What are the requirements?
In Germany, there is only a loan if the borrower has a good credit rating. This is achieved when there is a fixed income, a clean Credit Bureau and sufficient money that ensures the repayment of the loan. This applies to financing from the furniture store as well as the installment loan from the bank.