It is impossible to imagine a modern person without a mobile phone or smartphone. New items appear on the market every time, and one does not want to lag behind fashion. However, buying can be too expensive. But there is a way out - to buy on credit. So where is the best place to get the phone in installments?
How can I buy a phone
Buying various large and small electronics on credit has become a common thing for a long time. It is not always possible to pay for the goods in full and immediately. And I really want to buy a novelty that will distinguish you from everyone else!
Today there are many electronics stores and supermarkets. In pursuit of profit, they lure customers with a variety of models for every taste. In addition, sellers offer to purchase goods with a phased payment. For this reason, it can be difficult to determine which is better: a loan or an installment plan, where is it better to get a phone, in which store.
The difference between a loan and an installment plan
Before deciding where it is better to take a phone in installments, it is worth determining how it differs from a loan.
Installment is an interest-free type of lending for the purchase of a specific product. In this case, the total cost is divided into several equal parts. Most often twelve or twenty-four. That is, the buyer will make payments in equal installments over one year or two or more years. In this case, interest is not charged on the remaining amount.
However, it is worth considering that they may already be hidden in the original cost of the phone or smartphone.
The installment plan is provided both by the store itself and by the bank that is its partner.
A loan, unlike an installment plan, is issued by a bank. Interest is charged on the amount of money provided, as a rule, they range from 15 to 30% per annum. You can get this type of cash loan for the purchase of goods both at a bank branch and directly in a store.
Best deals
So who and how to get the phone in installments? Many shops offer this service. And not only. Today, you can buy goods in installments using a special card offered by banks. So, for example, using the "Halva", "Conscience" or "Installment" cards from "Home Credit", you can choose a store where it is better to take a phone in installments or an iPhone. With the card, you will not need to fulfill the conditions of the store, it is enough to choose the model you like anywhere and pay for it with the card. But getting an installment card is a problematic task.
You can buy a phone by installments in any large electronics hypermarket. Good conditions and a wide range of products are offered by stores such as:
- "El Dorado";
- "M Video";
- Technosila;
- "Yulmart".
You can also contact specialized stores to purchase goods by installments:
- "Messenger";
- Euroset.
Offices are also provided by installments of mobile networks - MTS, Beeline, Megafon and Tele2.
You can find out where it is better to take a phone in installments by examining the offers of stores and reading reviews about them.
Who can take
Any citizen of the Russian Federation who has turned eighteen years old and who has a constant source of income can issue an installment plan for the purchase of a phone or smartphone. In addition, the length of service in the last place must be at least three months. A borrower of retirement age can also get a phone by installments. But that doesn't happen often.
It is worth considering that, despite all the loyalty, the installment plan is issued to people of the age category from 21 to 64 years old. That is, efficient borrowers.
In addition, the address of the permanent place of registration is simply necessary.
Documents for obtaining an installment plan
In order to determine where it is better to take a phone in installments, you need to find out what documents are required for this. Basically, the only document for obtaining an installment plan in stores is a citizen's passport. Russian Federation... But apart from him, SNILS can be useful.
In some cases, in order to receive an installment plan, you may need a certificate of income in the form of a bank or 2-NDFL. Such a certificate will be necessary when purchasing goods for a very large amount or when issuing an installment card "Conscience", "Halva".
In very rare cases, you may need a TIN, driver's license and certificate of ownership.
For the most part, installments are issued only with a passport and a certificate of pension insurance.
Should I take the phone in installments
Many people think about whether to take a phone in installments or not. Let's weigh the pros and cons.
The advantages of payment by installments when buying a phone are as follows:
- a small fixed amount of monthly payments;
- instant receipt of the phone in the absence of the full amount;
- there is no need to collect certificates and stand in line to receive a loan.
But it is worth considering that buying in installments may not always be as profitable as it might initially seem. None of the banks and shops will operate at a loss. Thus, by offering payment by installments, the seller already includes the additional cost of risk insurance in the price of the goods.
When buying a phone by installments, you should focus not only on the availability of finance at the time of purchase, but also on their presence in the future. After all, the selected phone will become yours only after its full payment.
Sometimes, when applying for an installment plan, the store may set the mandatory conditions for issuing this loan product. So, for example, they can serve as the purchase of a regular customer card of the store. It is also worth getting ready for the constant receipt of advertising mailings to the phone number that was indicated when drawing up the installment agreement.
What is the bottom line
Where is it better to take the phone in installments and whether it is worth doing it is up to you.
Yes, a big plus is that, without initially having the necessary amount, you can purchase the desired product.
However, the installment plan is just a formal name. In fact, this is the same loan, only with hidden interest. And the borrower's credit history should be almost perfect, because the bank needs to insure the risks.
Before applying for an installment plan for the purchase of a phone, you should study all the offers on the lending market. So you can probably find the most profitable option for yourself.
Sometimes the only way to buy an expensive item is to use a service. bank loan... And already many consumers have experienced the pros and cons of this procedure. Recently, however, more and more stores offer to purchase goods from them in installments. At first glance, it seems that there is no fundamental difference, but is it so?
Installment and credit: what is the difference
- Payment by installments is a method of purchasing goods, in which the buyer is given the right to pay for the purchase in equal installments with a certain period of time.
- Bank loan - an amount that a bank lends to a client to buy goods for temporary use at a certain percentage.
It turns out that the first difference in terms is the presence of interest payments to the bank for the provision of a loan service. But the difference lies not only in this, so we will consider in more detail each type of transaction.
What is an installment plan and what are its features
In accordance with The Civil Code, installment plan is a transaction in which special payment terms are determined, namely, the purchase amount is divided into several payments and postponed for a certain time. In this case, the product or service is provided to the client upon completion of the transaction. Features of the installment plan:
- Any product can be the subject of a contract, but most often it is expensive property.
- The sale of goods by installments does not imply any additional charges. However, the seller may slightly increase the value of the product in case of inflation.
- The terms of the transaction are negotiated between the seller and the buyer and can be changed by common agreement after the conclusion of the contract.
- Buying goods in this way involves making an initial payment of 20-30% of the purchase amount.
To protect the interests of the parties to the transaction, an official document is used - an installment agreement. In addition to the terms and conditions of return Money, it also describes other aspects of the transaction. For example, the procedure for returning goods if a defect is found in the product. There are no legal requirements for this type of relationship, and it is more in the interests of the seller, since the buyer in this case does not risk anything. Installment agreement terms:
- At the conclusion of the transaction, the pledge will be the goods purchased under the contract.
- Until the moment the client pays the last amount of the debt, he is the user, not the owner of the purchased property.
- If by the specified date the debt is not repaid or the interim payments have ceased, the seller may withdraw the item.
- If payments stopped after more than 50% of the total cost was deposited, then the parties decide among themselves how exactly the remaining amount of debt will be returned.
Another important point to be aware of is that the installment agreement is regulated only by the Civil Code. And if after a while the seller announces new requirements under the contract, then it will be possible to defend one's interests only in court. This is the main difference from loan agreements, which are regulated by the Bank of Russia. That is why it is important to know what an installment plan is and how it differs from a loan.
What do you need for an installment plan? The seller has the right to independently determine the conditions for the provision of installments to the buyer. Therefore, in one case, it is enough to present only a passport, and in the other it is necessary to prepare a whole list of documents confirming the decency and reliability of the client. The most common set of documents includes a certificate from the place of work and a personal income tax certificate confirming solvency.
Features of a bank loan
Usually banks are interested in issuing loans, since it is this service that brings them the main profit. Depending on the intended purpose, the most demanded types of loans are distinguished:
- to purchase a car;
- for business development;
- mortgage;
- consumer.
When it comes to large amounts, the financial institution requires the borrower to collateral in the form of real estate, a car or other valuable items. This step minimizes the risks of the banking organization. When applying for a consumer loan, the bank becomes a link between the seller and the buyer, providing money for making a purchase. Such an operation is interesting for all three parties to the transaction: the buyer receives the desired product, the seller receives money for the sale, and the bank receives a commission for using the loan.
The only drawback for the client is the need to pay monthly interest, as a result of which the final purchase price will significantly exceed the amount declared in the store. However, in this case, the transaction remains transparent, and all calculations can be read in the loan agreement.
Important! Employees of any bank can make a preliminary calculation of monthly loan payments. Thanks to this service, the client can consider the profitability of the transaction and compare with the conditions of other banks.
Features of concluding an agreement with a bank
To obtain a loan, the client must provide the bank with a list of documents that are checked for several days before the lender makes a final decision. The amount of monthly installments is strictly fixed and tied to a specific date of the month until which payment must be made. If one of these conditions is violated, then the borrower will be charged with penalties.
The agreement with the bank specifies the interest rate, the timing of the return of funds, penalties for non-compliance with the terms of the agreement, the rights and obligations of the parties involved in the transaction. According to the agreement, the client is assigned the status of a borrower, and information about his reliability goes to the Bureau of Credit Histories. If the client does not make payments within the agreed time frame, this is reflected in his credit history, and in the future he may be denied a new loan.
It is very important, after paying off all the debt, to close the loan and get a document confirming this fact. Otherwise, even a small amount of debt can turn into a huge fine over time.
Pros and cons of an installment plan versus a loan
When talking about buying goods on credit or by installments, it is important to study the features of each type of transaction and choose more acceptable conditions for yourself. Advantages of the installment plan:
- No interest charges for using the loan. This is often the main criterion in choosing between a loan or an installment plan. However, you need to carefully read the terms of the contract for other expenses: insurance or commission upon receipt of the goods.
- Speed and ease of registration. The transaction is concluded directly between the seller and the buyer without involving an intermediary in the form of a bank. In this case, the buyer usually only needs to present a passport. The conclusion of an agreement with a bank involves the collection and preparation of documents, the creation of an application, and waiting for the bank's decision.
- The possibility of obtaining a loan even with a bad credit history. In the store, the conscientiousness and solvency of the buyer is rarely checked. In the case of a bank, an unpaid loan on time may become the basis for refusal to issue a loan.
- Possibility of replacement or return to the store. In this case, the seller can quickly return the money paid for the purchase to the buyer.
The disadvantages of the installment plan include:
- Making an initial payment as an advance. In the case of a loan, the initial payment is paid only in the case of a major purchase - a car or real estate. With the usual consumer loans you can take a loan for the entire cost of the goods.
- Short terms of debt repayment. The maximum installment period usually does not exceed one year. Under the loan agreement, the total amount can be repaid for about 3 or 5 years.
- Hidden tricks that increase the cost of goods purchased in installments.
It is difficult to judge which is better - an installment plan or a loan, since everyone chooses convenient conditions for themselves. However, in order to make the right decision, you need to study the issue even deeper.
What you need to know about installments
How is an installment plan different from a credit in a store? First of all, the legal registration of the relationship between the seller and the buyer. If in the first case the buyer concludes an agreement only with the seller and on his terms, then in the second case an agreement is concluded with the bank.
The installment plan attracts buyers, first of all, by the absence of interest charges for using the loan. There is a sense of savings with a deferred payment. In fact, what sellers promise is not always true. And under the guise of an installment plan, a loan familiar to everyone is often issued. A real installment plan with a deferred payment is an extremely rare occurrence. Therefore, you need to carefully review the terms of purchase or the price offer of the store.
Example. Installment is provided during promotional discounts for goods in the store. At the same time, there is a disclaimer that the discount does not apply when buying in installments. It turns out that it is more profitable to buy goods for cash, and hidden interest is already included in the cost of goods bought in installments.
By the way, the amount of the overpayment is not controlled by anyone, unlike a bank loan, the interest of which does not exceed the maximum interest rate set by the Bank of Russia.
Bank installments
While banks are not legally allowed to provide pure installment services, it is increasingly common to see advertisements with similar suggestions. They describe the terms of bank installments with zero prepayment and no interest rate. Moreover, the maturity of the debt may be longer than in the store.
After consulting a bank employee, there are no doubts about the veracity of the information, and there are no additional payments either. However, in reality, this is the same loan, only in this case the interest is paid not by the client, but by the store, which most likely has already invested this amount in the cost of the goods. It turns out that in any case, the client bears the costs, no matter how beautifully this fact is veiled.
In this way, the store increases its sales, because it is easier to sell goods in installments than at full price. In this case, the bank will also not miss the opportunity to earn money, and may try to sell expensive insurance to the client.
How to distinguish a loan from an installment plan
Often there are situations when banks, wishing to attract new customers, offer the store an agreement: the seller provides the buyer with a discount on the product, along with an offer to issue favorable loan in the bank. Later, the discount is offset by the interest paid on the loan. But in an unstable environment economic situation people tend to seek more profitable terms and they resort to an installment plan service. In fact, banks can issue a regular loan under the guise of an installment plan. And even knowing well what an installment plan means; at first glance, it can be difficult to distinguish it. How to determine a loan issued under the guise of an installment plan:
- Participates in the execution of the contract Bank employee, and the bank acts as an intermediary for the operation.
- Instead of the standard installment plan, the store offers more flexible repayment periods - from a year or more.
- The seller persistently offers to issue credit card, which clearly indicates the intention to issue a loan.
- As a result of calculations, the installment plan is added to additional payments or commission.
Based on this, we can once again conclude that the installment plan is an agreement only between the store and the client, no intermediaries and third parties should be involved. After splitting into payments, the original purchase amount remains the same, there are no commissions and additional payments.
Offers for loans and installments are full of street banners and billboards of financial institutions. The attractiveness of these services is that having received money in debt, the client can afford large purchases that he will not buy for one salary. When arranging a loan, the borrower often does not see the difference between an installment plan and a bank loan. Which of them is more profitable, and how they differ from each other - read the article.
What is the difference between an installment plan and a loan
The concept of a loan implies the issuance of funds at a certain percentage. In this case, registration is mandatory loan agreement... It indicates the term and amount of the loan, interest rate, additional conditions. You can get a loan at a bank branch, sales offices of a financial organization or in partner stores of the institution. The paperwork is carried out only by the lender's employee.
Overpayment is the main thing that distinguishes a loan from an installment plan. Its value depends on the conditions offered by this or that bank. The amount of the overpayment can be seen in, which is handed out at the time of signing the loan agreement. When applying for any type of loan, the bank notifies the client of its full value.
In the event of a delay in the monthly payment, the borrower faces penalties and. With long periods of non-payment, the amount of penalties sometimes reaches the size of the loan itself.
An installment plan is an interest-free loan. It is provided by shops, car dealerships and companies that provide various services to the population. The price of a product or service is distributed in equal parts for the entire installment period. Although buyers like this option for its simplicity and convenience, it is not always financially more profitable than a bank loan. Sellers, offering installments, sometimes inflate prices for this product. In addition, the conditions for the acquisition of only goods of a particular brand or type are established.
What is the difference between a loan and an installment plan in a store
An installment plan in a store is a transaction only between the buyer and the seller of the goods. There are no additional commissions for this purchase method. In most cases, the buyer is required to make a down payment. Refunds are made to the cashier of the store. If the buyer stops paying by installments, the store has the right to withdraw the goods from him.
If, when buying at a retail outlet, it serves as the main document, then this is no longer an installment plan, but a bank loan. And this is even despite the fact that the loan is issued at 0%. Perhaps, in this case, the seller himself covers the interest to the bank. Although the borrower does not overpay for the purchase, he becomes a party to the relationship with the financial institution. The next entry on the loan received is entered into it.
Advantages of the installment plan:
- No overpayment for the goods.
- Registration speed.
- Minimum of documents: most often only a passport.
- Flexible debt repayment scheme.
- Inability to fall into credit bondage.
Cons of the installment plan:
- Short time. For large purchases, the monthly payment is large.
- It is not always possible to purchase exactly the product that you need.
- Introduction.
- The buyer becomes the owner of the goods only when the purchase price is paid in full.
Benefits of a loan
- Loan terms from 1 month to 10 years or more.
- Having received a loan, a person has the right to purchase the product he likes from any seller.
- Possibility to get an express loan in a few minutes.
Cons of a loan:
- Interest overpayment.
- In some cases, a deposit is required.
- Large penalties for late payment.
The market for smartphones, various gadgets and accessories is developing very dynamically, constantly offering consumers new, advanced devices. However, the cost of new products is quite high and does not always allow the citizens of our country to purchase the desired device without any problems. What if there is not enough cash for the required smartphone model? The answer is obvious: choose a cheaper device or save up the required amount. But what if you're not willing to compromise? Don't want to wait and are determined to buy an expensive smartphone? Then you can't do without a loan. How to get a phone by installments?
What is more profitable - credit or installments? What are the features of each of the purchase options, and what documents will be needed? Let's try to figure it out.
A loan is a loan at a specified interest rate in accordance with the terms of the agreement. It spelled out the terms for depositing funds, payment features (for example, whether early repayment is possible) and the amount of interest to be paid.
For the purchase of electronics, you can get a loan at a bank branch or directly at the store where the goods are purchased. Credit managers representing certain financial institutions work in large chain stores.
It's no secret that buying on credit - it is not profitable and it does not matter what you buy: an apartment, a car or a telephone. The average overpayment for a purchase with a loan will be from 10 to 30%. This is not counting possible fines and penalties (for example, for late payment).
And what does "by installments" mean? Unlike a loan, an installment purchase means no interest. The cost of a gadget is simply broken down into several parts that must be paid at a certain time. Such conditions are not interesting to the bank, and usually shops offer installments to stimulate demand. Installment is usually issued against the security of the sold goods . This means that in case of non-fulfillment by the buyer of payment obligations, the store may demand the phone back.
Pros and cons
Purchase by installments has a number of significant advantages:
- no overpayments and interest;
- you only need to provide a passport;
- two parties are involved in the transaction: the store and the buyer (no banks and possible communication with collectors);
- fast registration of the transaction;
- comfortable conditions for debt repayment.
But while the installment plan seems like a very good deal, she has her own pitfalls... Loud promotions and flashy store offers should be carefully studied for hidden commissions and other unpleasant surprises, for example:
- the installment plan can act on the purchase of stale models that are in reduced demand, and more stringent conditions apply to the purchase of all other devices;
- repayment terms can be reduced, which will lead to difficulties in timely debt repayment;
- the first installment can be significant (up to 30% of the cost of the device) and must be paid immediately upon purchase;
- you cannot pick up the device until its cost is paid in full;
- if the gadget is a pledge of an installment plan, then the store can take it back due to late payment or non-payment, in this case, the amount already paid towards repayment of the installment plan will not be refunded.
All these nuances reduce the attractiveness of installment purchases. If there is no urgency, it is always better to just save up the required amount and buy the desired product with cash. In addition, some stores deliberately raise prices for those goods that are offered in installments.
Important! Honest installment plan with absolutely transparent conditions - this is a rare phenomenon, so more often mobile devices are bought with loans.
Before making a purchase of expensive equipment on credit or by installments, carefully analyze your budget. Make sure there are no other options for purchasing the device you are looking for. Please note that the amount of the monthly loan payment should not be more than ⅓ total income all family members.
The procedure for obtaining an installment plan or loan
How does an installment plan for a product work, and how to get it and issue it? What documents do you need to bring and what conditions and rules to comply with?
If you have the opportunity to immediately deposit an amount from 20% of the cost of the device, then tell us about it loan officer and the chances of getting the deal approved will increase.
Carefully read the terms of the contract, especially those clauses that are written in less detail than the rest. And do not hesitate to clarify unclear points. - for example, how the installments are paid.
Required documents
If you are planning to buy a phone on credit, be sure to take with you to the store:
- the passport;
- certificate from the place of work;
- personal income tax certificate;
- SNILS.
Not all credit institutions require help. But if one of them is needed, then the store will have to be visited again. Therefore, it is better to clarify the list of documents by phone or take some additional papers with you and make photocopies of them (just in case). Most shops and banks today only require a passport.
Where can I get a phone by installments / credit?
Let's consider several companies offering the most favorable terms.
Megaphone
One of the leading Russian companies... Not only offers services mobile communications, but also sells smartphones. Sometimes special conditions apply here, for example 0% - 0 RUB - 24 months (for select models). AND although this transaction is called an installment plan, in fact, it is a loan offer, which is spelled out in the contract. Such a loan is provided by a partner bank and the interest rate on it is 7.45% per annum (detailed information is also available on the company's office - http://moscow.megafon.ru/).
Yulmart
One of the largest trading platforms - offers half-year installments.
A well-known cybermarket also opts for the 0% format - 0 RUB - 24 months. Moreover this payment format is available with the purchase of absolutely any device.
Internet
The Internet offers many possibilities. It takes trade to a new level at the expense of online stores. You can buy goods in them without leaving your home. Moreover, this can be done even on credit or in installments. How?
- choose a suitable online store, find the required smartphone model there and go to the "Online loan" section;
- fill out the form that appears (the content of the form is similar to that which is filled out in the bank);
- send the completed document and await the decision of the credit institution;
- if a positive decision is made, then the manager of the store-seller or the courier must call to clarify the timing of the transfer of the purchased device;
- sign the documents, pay the installment (if we are talking about a loan with down payment) and get the phone in your hands.
This delivery is often free of charge.
If the client refuses to sign the contract, then the agreement is automatically canceled and the device is returned to the seller.
Consequences of non-payment
If the client has violated the previously concluded installment plan (for example, stopped paying or violates the established deadlines), then the store, through an authorized employee, can file a claim with arbitration.
Important! Such cases rarely reach the court, but a serious increase in the amount of payments due to fines and penalties is quite real.
When signing a loan agreement, you need to find out all the nuances of delays and the procedure for payments.
Conclusion
For electronics interest rates usually increased to 30 - 40% per annum, because the goods of this group are in the high risk zone. If the phone is damaged, the bank may lose funds, even if the device itself was the collateral. Therefore, the increased rates are a kind of insurance for the bank, but they are not profitable for the client. The best option is still buying with cash.
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