Payday Loans for furnishing: requirements, obtainable capital, costs, guarantees.

How many times we look inside our domestic walls and we would like to change the kitchen, the living room, the bedrooms, renovating, changing the sofas and all the accessories and furnishings of our home because they are more and more eager to be fashionable and to embellish your own “home nest”? It is the order of the day but the problem is to sustain an expense that for many can be burdensome and not indifferent to one’s own pockets, for this the best solution is to run at a credit institute or a finance company for obtain a financing estimate aimed at acquiring objects of furniture, to increase the comfort of the dwelling.

Ideal solution and important suggestion is to search online the various sites that allow you to make comparisons between the best financing solutions suited to our financial needs.

Purpose of the payday loan and obtainable capital to furnish your home 

Purpose of the payday loan and obtainable capital to furnish your home 

In commercial practice, various financing proposals can be found that allow us to obtain a total amount of the expenditure ceiling with disbursement of capital even without having the availability of a liquid sum to partially cover the amount necessary to acquire the furniture; this type of payday loan, which allows us to finance 100% of the necessary amount of money, allows everyone to access it except, of course, the verification of creditworthiness and the appropriate guarantees that banks or financial institutions reserve the right to ask the underwriter of the contract of financing .

The advantage for applicants of the financial payday loan aimed at changing the style and furnishing of their own dwelling is that of being able to obtain a capital that varies according to the different personal needs and their own financing needs up to a maximum of 60,000 euros in a period of time that varies from 24 hours to 4 days from the time of the request itself depending on the financing company and grantor of the payday loan.

With the payday loan request for your home you can get a ceiling that allows you to finance the renovation of the house, small ordinary and extraordinary maintenance work, install heating systems, buy furniture and various furnishings for the various domestic environments, install photovoltaic panels , security systems, home automation, alarm systems, awnings, fixtures and anything else needed to renovate and make improvements to the home.

Among the various financing proposals for those who need an important sum (maximum 60,000 euros) to cover the expense, you can consult one of the comparator sites where you can find financial partners with the credit broker that allow you to cover 100% of new furniture expenses , used furniture, furniture to furnish the first home, to acquire furnishing accessories and for the garden.

Requirements, costs and guarantees necessary to obtain the furniture payday loan: a practical example

Requirements, costs and guarantees necessary to obtain the furniture payday loan: a practical example

As suggested several times, wholesalers who have special agreements with numerous financial companies and credit institutions , the best ones on the market of credit players offers the financial product with the features and the complete card for transparency and consumer protection needs.

On the other hand, faced with this need for customization of payday loan financing, credit brokers allow to enter a series of information not only of a personal data but also of an economic nature linked to the type of profession, contract of employment, start time of the employment relationship and the domicile of residence to assess the outstanding credit and the ability of the subscriber and contracting party of the payday loan to produce demonstrable income and to possess all the guarantees to honor the obligation assumed.

The form is required to indicate the option to contract the insurance coverage that covers the risk of insolvency of the contractor in conjunction with the financial product; although insurance is a real source of business for the insurance companies, it is a guarantee for the coverage of the risk of not seeing the contracted and also the consumer’s debt honored which, despite the right to subscribe to it, is a form of hedging of the risk and protection of his family and children, especially for those single-income families who would see the sacrifice of honoring their debt put at risk by putting their savings and economic stability at risk.

For this reason it is advisable for contractors to take out the insurance policy to cover the payday loan contract although it is optional and to properly evaluate the costs and the risk that they want to cover (death, permanent or temporary disability, accident, illness, medical expenses reimbursement). ); therefore, in your compilation form, exercise the option of wanting to take out insurance.

The amount that can be financed is 60,000 euros with a monthly installment of 923.81 euros, Taeg at 8.95%, Tan fixed at 8.60%, amount to be reimbursed 88,685.96 euros including insurance policy costs of 5,491.20 euros which are considered for 6.50% of the monthly installment for durations of more than 60 months, no preliminary investigation fees, no monthly or annual expenses are foreseen , the payday loan can be secured by guarantees, in the event of early repayment the client is required to pay the amount repaid in advance an indemnity of 1% if the residual life of the contract is more than 1 year.

The required documents and the payday loan disbursement and repayment methods

The required documents and the payday loan disbursement and repayment methods

With regard to the required documents necessary for the evaluation of the payday loan granting procedure, the following must be presented: valid identity document, tax code, a bill for registered users, last single model for the self-employed, last 2 pay slips for employees, pension pays for pensioners.

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