Washing machine in installments without overpayment

Unfortunately, not everyone can afford to buy a washing machine. If you don't have enough money to buy one, you can take advantage of installment payments and pay a small amount each month. This service is very popular and is second only to loans, although it has more advantages.

Installment is an opportunity to buy a product, the cost of which can be paid for a certain period of time, the price does not increase, and interest does not accrue. The buyer undertakes to pay a fixed amount each month. The convenience of the installment plan is that it is not necessary to have a certificate from the official place of work. For example, the washing machine can be taken in installments for six months, one year or two years in the store Eldorado.

It is necessary to read the contract thoughtfully in order to avoid problems. Some stores require opening a bank account for further transfer of money to it. In this case, banks will charge a fee for maintaining the account.

To arrange the installment plan, you must bring your passport and provide the store employee with your personal information. If you need a photocopy of some documents, you can send them electronically. Online stores that conclude contracts remotely are very popular today.

The store must necessarily provide the following documents when applying for an installment plan:

• a cashier's check;
• Purchase Contract;
• Guarantee on the product.

Buying a product on credit is a bank operation, according to which the buyer must not only give the money for the product, but also pay a certain percentage to the bank. To obtain a credit it is necessary to obtain the bank's consent, and the installment contract is concluded only between the buyer and the consultant who represents the interests of the store, third parties are not involved here. The contract is signed only by the seller on behalf of the store and the buyer.

If the bank is involved in obtaining the installment plan, it is already a loan. If the installment payment is noted in the customer's credit history, then it becomes a loan, too.

There is another option, which the stores describe to the customer as an installment plan, but it is concluded through the bank. The store undertakes to pay the interest to the bank itself. This operation is also beneficial to the buyer, but very few stores provide this option.

• Not having the necessary amount for the purchase of goods, the buyer can buy a washing machine now.
• There is no need to conclude a contract with the bank, and no need to pay interest on the loan.
• The contract can be signed in just 30 minutes.
• Online appliance stores provide installment payments remotely. It is enough to send an electronic copy of your passport and provide personal information.
• After the first payment, the buyer already receives the goods. Some stores do not even require a down payment.
• Each store decides for how long it can give installments. Basically, the amount is broken down into three months, six months, or a year.
• There is no need to collect certificates or look for guarantors.
• The installment payment protects the client from price increases, but before buying it is worth once again to discuss this point with a consultant.
• For the convenience of the client, payment of installments can be made through payment systems or in the bank.

• The store may not issue an installment payment, without explaining the reason for refusal.
• As a rule, for expensive goods stores do not give installments. This rule applies to products that cost more than 150 thousand.
• Not all models of washing machines can be purchased by installments. The store chooses the models it can offer to the customer for payment.
• There are cases where the store requires opening a bank account to receive installments, then the customer will have to pay more money to the bank for the use of the card.
• The buyer has to pay the agreed amount every month, and the deadlines are clearly defined.
• If you do not pay on time, the store can fine you or charge you a penalty.
• Items offered in installments may increase in price.
• Customers often feel psychological discomfort.

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

• The choice of goods. Each price tag contains all the necessary information about the installment plan.
• The salesperson writes a receipt for the purchase.
• At the credit department of the store, the installment payment is processed. Only a passport is needed for this.
• Some stores require a down payment for the purchase.

• Selecting a product with the "Installment" sign. When ordering in the cart you need to select "checkout by installments".
• Make the purchase for self-delivery.
• In the store to pick up the purchase and the receipt.
• In the credit department of the store you need only a passport to draw up an agreement.
• Pay the first installment and take the product.

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

An installment plan is a tempting offer, but you should be sure you can pay off the debt. Although you are exempt from overpayment, you are charged with the responsibility of paying a set amount within a certain period of time.

If you do decide to take the washing machine on an installment plan, try to take it for a short term, think carefully about the possible offers, read the contract thoughtfully and be sure to specify the monthly amount to repay the installment plan.