If you move out with your parents and finally want to stand on your own two feet, you don’t just need an apartment or a house. Rather, an appropriate facility must also be put together so that the establishment can be set up accordingly. But often it already fails because of the little things in life. The money saved is not enough to buy the most basic things for a smooth everyday life.
A bed and a cupboard can be put together quickly and are generally taken into account in the planning. But what about a sofa, a table, chairs, dishes, cutlery, lamps and all the many small and large things that make up your own household. Until these are collected, a lot of time and even more money can pull into the country. Many therefore take out a loan to furnish their own four walls in order to be able to live comfortably and quickly.
Always pay attention to the price
Young people in particular tend to be blinded by apparently good and lucrative offers. They grab it hastily and sign loan contracts that are actually far too expensive and have nothing to do with general credit practices. Therefore, this target group in particular should remember that advertising – no matter what it may suggest – does not always advertise the best offer. If that were the case, you would not have to advertise it.
Especially with a loan for the institution, it is important to compare different offers. Whether these offers come from the house bank, a provider from the Internet or even directly from the furniture store is only of secondary importance. The only thing that is important is that you take the time to make a comparison and look closely at what loan offer really fits the institution and what you should rather avoid.
It is particularly important here that not only the simple interest is compared, but always the effective annual interest. This also includes all other costs such as processing fees and commitment interest.
Popular and not bad
Many customers opt for a furniture store offer for a facility loan. An installment payment agreement is made here, which enables the debt to be paid in small monthly installments. Interest rates are usually quite low, which does not make the loan unnecessarily expensive. This step is only worthwhile if you buy several things in the corresponding furniture store.
However, if you have many points of contact for furnishing the apartment, then you should take out an installment loan from a bank. All costs can be summarized here and paid with a loan. If, on the other hand, you conclude several installment payment agreements with different furniture stores, it may well be that you have to expect higher costs here.