The main disadvantage of POS lending is the limited number of offers. The buyer usually cannot compare the terms of all the banks he is interested in to choose the most favorable ones. Therefore, the risk of getting a loan at too high an interest rate is extremely high.
Other disadvantages include:
targeted financing – usually the money can only be spent on a specific purchase;
impulsive decision – due to the great desire to take the thing they like, the borrower often cannot objectively assess the financing terms;
haste - the atmosphere in the store does not encourage careful reading of the contract.
Moreover, it is difficult to refuse such a loan even guangdong mobile number database during the “cooling-off period” – you will have to pay the store the cost of the goods from your own money, and you may not have any.
It all depends on the conditions. The key indicator of benefit is the lowest overpayment. Here it is worth considering not only the interest rate, but also additional services in the form of insurance or service, without which the loan may allegedly be unavailable.
The volume of offers in the store is limited - usually no more than 1-3 banks are represented here. Therefore, it is worth comparing the terms of consumer loans in advance. Then all that remains is to compare the offers of other banks with the terms that the store partner will form.
Favorable loans in Bank Sinara
Go to the store with money, having made outprofitable loan in Sinara Bank! We offer several financing options at once so that you can choose the best conditions. The most popular solution is "0% Credit", within which you can return all the interest paid. Get up to 3 million rubles for up to 5 years today - find out the decision in 2 minutes and pick up the money at the nearest bank office.
The information in the article is current at the time of publication. Financial conditions may change. Please check the current data on the page of the product you are interested in. The Bank is not responsible for the use of outdated information.