All people share the goal of creating the most beautiful home possible. The living quality of your own four walls depends on the furniture that forms the heart of the interior. But here the following applies: quality really has its price. If you want good furniture, you have to dig deep into your pocket. Often this can not be done other than through a loan for furniture, which can be taken in different ways.

The credit for furniture from the dealer

The easiest way to get a loan for furniture is to contact the dealer, because at least the big chains are well aware of the fact that their products have a high price and therefore always offer different financing offers. To do this, they work with financial service providers, but this is not interesting for the customer. It is important for him that he receives the furniture immediately, is allowed to pay it off in installments and that there is often no interest on the financing. This means that financing is the cheapest way to get a loan for the furniture and at the same time it is the way that involves the least administrative effort.

The loan for furniture from a bank

If you cannot get financing or do not want to take it because you do not want to owe the department store, you can also contact a bank to get the money. Most banks do not offer a specialized loan, such as that available for cars. However, new furniture can usually be bought with the funds that can be obtained through a modernization loan or a renovation loan. However, both sums are clearly too high and actually only help if new furniture is to be purchased as part of extensive renovation work. The alternative is the personal loan. This has slightly higher interest rates than the earmarked loans, but it leaves the bank to decide what exactly the money is used for.

However, you have to spend at least 2000 USD on most money houses. The new furniture does not cost so much, you usually have to work with the overdraft facility: This means that the bank increases the corresponding credit line in the checking account by the amount you need and you can simply withdraw the money from the account and directly in cash pay in the furniture store. The disadvantage of this approach is the immensely high interest burden, which is usually over ten percent. Experts are therefore unequivocal in their assessment of this method: if you don’t have to borrow in this way, you shouldn’t do it, but stick to one of the other types of credit.