Sometimes we want to make a purchase and we do not have cash or simply that consumption is out of our reach. It is in these cases that payment in installments is the most appropriate decision. Paying a consumption in installments has multiple advantages, but of course, you must evaluate several aspects before choosing this payment method. Taking care of the health of your finances is the most important thing. Therefore, it is necessary that you know the tools that allow you to optimize your expenses and take care of your savings at the same time.
Learn below, the advantages of borrowing to finance your consumption and pay in installments.
What is installment payment?
It is the modality used to acquire goods and pay them in a determined time through terms, quotas or letters. Generally this type of methodology is used when the purchase has a high value and the money is not immediately available. In order to access this type of payment method, it is necessary to process a consumer credit with a financial institution. It will be necessary to record a series of requirements that the borrower will evaluate before granting the financing. Financing is currently in widespread use because it allows access to goods and services quickly and comfortably.
Payment in installments has great benefits
Flexible payment terms
Payment fees range from 12 to 60 months, depending on the financial institution. There are even institutions that can extend the term under agreement.
Fixed rate during the term of the credit
An intact rate will be very convenient since it will not increase the cost of credit. This way you will not end up paying too much for the consumption made.
Depending on the institution, co-debtor is not required
There are cases in which you will not have to find a person to serve as a guarantee, but this will only depend on the financial institution.
Simple and fast procedures
The procedures and requirements for consumer credits are usually not many. Basically, you will need to provide documents showing that you have a stable source of income and have a good credit history.
Availability of resources in a short time
Financial institutions are in charge of processing your consumer credit quickly. The time varies from one agency to another, some take 4-5 days, others more.
Get easy money and pay it according to your needs
The financial market offers a wide variety of options so you can access various types of credits. However, before requesting it, it is essential that you know and evaluate the deadlines, total cost and advantages offered by the entity. In Lendercoop we have several types of credits for you to choose the one that best suits your needs. We put at your disposal the advantage of having up to 90 days to pay the first installment and 60 months to pay off the total debt.
In addition, at Lendercoop we are aware that you need your credit as soon as possible, so we take care of approving your credit very quickly. Lendercoop also offers you the advantage of simulating the credit you wish to request. In this way, you will have a more transparent idea of what the financing will be, its cost and the time it will take you to pay in installments.
Paying in installments has become one of the most widely used modalities in commercial transactions today. This method allows you to buy instantly and pay posterity. Definitely buying today and paying later is quite beneficial, especially when you want to take advantage of the opportunity to access goods that require a considerable outlay of money. Payment in installments offers the advantage of satisfying your consumption needs, committing resources that will come in the future and thus not have to affect your finances now.
Applying for a credit to pay our consumption payments is really very simple, you just need to be aware of the responsibility you assume. It is important that you comply with the payments in the terms and dates set by the financial institution. entities have flexible times and you should analyze the options and choose the most convenient alternative for your finances.