Washing machine in installments: no overpayment, difference installments from the loan

Unfortunately, not everyone can afford to buy a washing machine. If you do not have enough money to buy, you can use payment by installments and pay a small amount every month. This service is very popular and takes second place after crediting, although it has more advantages.

Installment is an opportunity to purchase goods, the value of which can be paid for a certain time, while the price does not increase, and the interest is not counted. The buyer undertakes to pay a fixed amount every month. The convenience of installments is that you do not need to have a certificate from an official place of work. For example, a washing machine can be taken in installments for six months, a year or two at the Eldorado store.

It is necessary to read the contract thoughtfully in order to avoid problems.

Some stores require opening a bank account for further transferring money to it. In this case, banks will charge for the maintenance of the account.

For registration of installments it is necessary to bring a passport and a store employee to provide their personal data. If you need a photocopy of some documents, you can send it electronically. Today, Internet shops are very popular, which conclude contracts remotely.

The store must provide such documents without fail when issuing an installment plan:

• cash receipt;
• purchase agreement;
• product warranty.

Purchase of goods on credit is a banking transaction, according to which the buyer must give not only money for the goods, but also pay a certain percentage to the bank. To obtain a loan, you need to obtain the consent of the bank, and installment is only between the buyer and the consultant who represents the interests of the store, the third parties are not involved. The contract is signed only by the seller on behalf of the store and the buyer.

If the bank takes part in the payment by installments, then it is already a loan. If the installment is noted in the buyer's credit history, then it becomes a loan too.

Another option is possible, which stores describe the client as an installment plan, but it is through a bank. The store undertakes to pay interest to the bank independently. This operation is also beneficial for the buyer, but very few shops provide this opportunity.

• Not having the right amount to purchase goods, the buyer can buy a washing machine right now.
• You do not need to enter into a contract with the bank, and pay interest on the loan.
• Registration of the contract by installments takes place in just 30 minutes.
• Internet appliances stores provide installments remotely. It is enough to send an electronic copy of the passport and provide personal data.
• After the first payment, the buyer already receives the goods. Some stores do not even require a down payment.
• Each store independently decides for what period it can issue installments. Basically, the amount is divided into three months, six months or a year.
• You do not need to collect help, look for sponsors.
• Installment protects the customer from a price increase, but before buying it is worthwhile once again to discuss this item with a consultant.
• For the convenience of the client, payment by installments can be made using payment systems or in a bank.

• The store may not issue installments on the goods, without explaining the reason for the refusal.
• As a rule, expensive shops do not provide installments. This rule applies to products that cost more than 150 thousand.
• Not all models of washing machines can be purchased in installments. The store chooses the model itself, which the client can offer for payment.
• There are times when a store requires to open a bank account for payment in installments, then the client will have to pay more money to the bank for using the card.
• The buyer must pay a stipulated amount every month, with a clearly defined deadline.
• In case of late payment, the store may fine the buyer or set the bill for a penalty.
• Goods offered in installments can grow in price.
• Clients often feel psychological discomfort.

You can buy a washing machine in installments at a retail store or online store.

• The choice of the goods. Each price list contains all the necessary information on installments.
• The seller writes a check for the purchase.
• In the credit department of the shop is arranged installments. For this you need only a passport.
• Some stores require a down payment for the purchase.

• Choose a product with the sign "Installments".When placing an order in the basket, you need to select "installment installments".
• Make a purchase at the self-delivery.
• In the store pick up the purchase and check.
• In the credit department store to issue a contract, while only a passport is needed.
• Pay the first installment and pick up the goods.

One of the largest networks of online and offline stores "Eldorado" offers the scheme shown in the following image.

Installment is an attractive offer, but you should be sure that you will be able to repay the debt. Although you are exempt from overpayment, but you are responsible for paying a fixed amount within a certain period.

If you still decide to take a washing machine in installments, try to take it for a short time, think carefully about possible proposals, read the contract thoughtfully and be sure to specify the monthly amount for repayment of installments.