The time when television was counted as luxury products is long gone. At the moment we can hardly imagine that there are households in our country without television. In every family there is therefore one to be found, and it is therefore no wonder that this, instead of a superfluous luxury, has become an everyday object that cannot be missed in a modern household.
Borrow money for television directly deposited
What to do when your TV set is broken and cannot be repaired? For many people this is perhaps a rhetorical question. But even though prices have fallen significantly in recent years, the expenditure for a new television set can mean a serious blow to the household budget.
Too small for a large loan
This often concerns an amount that is too small to borrow from a bank and too large to spend at once. In the appropriate case, there are various options that you can rely on. For example, you can opt for a personal loan, a revolving credit or a mini loan.
Buy with a revolving credit.
With the taking out of this credit you will not get a loan like any other. A revolving credit is not necessarily linked to the purchase of your television set, but rather to an amount that, separately from that, you have already agreed earlier when you entered into the contract. With a revolving credit you decide when you withdraw the money and only then do you start paying.
You will also be given the option to use money that you have previously paid for another expense. In this sense, a revolving credit can be of indefinite duration. However, the duration is usually fixed. The interest is often higher than that of a mortgage, on the other hand the duration can be shortened by an early repayment without payment of additional interest.
With a revolving credit you have the feeling that you are in control.
Opt for a personal loan
You can also opt for a personal loan. A personal loan is the best-known financial product for purchases of consumer goods such as a television. For a personal loan you can not only go to specialized credit institutions, but also to the regular banks. Unlike the mini-loan and the revolving credit, the amounts to be borrowed and the amounts to be withdrawn are greater.
Advantages and disadvantages of a personal loan
This can be both an advantage and a disadvantage. With a larger amount you have the possibility to not only pay for a television with the personal loan, but also to pay for other goods or bills.
As with most credits and loans, it is necessary to check whether you meet the conditions and whether a creditworthiness check will be carried out.
Or does the mini loan suit you more?
This word says it all: it is really about the loan of a small amount. Some lenders in this form already borrow amounts from 50 euros. A mini loan is often used for an unexpected or unplanned purchase that requires an amount that is usually smaller than the amounts that you can borrow from the bank.
With a mini loan you have to watch out for something else: not only the amount can be called mini here, but also the term here is shorter than the average loan, which means that you have to repay the borrowed amount in a very short term. The big advantage of the mini loan is that a more negative BKR registration is no problem at all.
Given the actual minimum amounts, it may still be advisable to check whether you cannot save the desired amount. That can save you paying off the interest.