The kitchen is one of the most important rooms in a house or apartment and is simply part of many people’s well-being in their own home. In a move, however, it may often be that no kitchen in the new apartment or in the new house is present or the previous tenant takes his kitchen when moving out.
If you do not have enough savings then you can buy a new kitchen immediately. must resort to a credit for the kitchen. Even those who want to exchange or renovate their old kitchen, is well advised with a credit for the kitchen.
Kitchen finance with a installment loan
A credit for a kitchen can be taken both at a branch bank and at an online bank. With a installment loan intended for kitchen financing, consumers should only make sure that it is not earmarked. Anyone looking for a loan for kitchen financing should therefore look for a consumer loan. A consumer loan is an installment loan that can usually be used arbitrarily. Therefore, such an installment loan is optimal to finance a kitchen.
A characteristic feature of an installment loan is the fact that borrowers receive the loan amount in a one-off amount, but repay the loan in monthly installments. Installment credits are already offered from an amount of 500 to 1,000 USD. The upper limit of installment loans is usually 75,000 USD. Kitchen financing is therefore in most cases absolutely within this range. The maturities of installment loans start from 12 months and go up to 84 in rare cases up to 120 months.
It is important for consumers to know that installment loans differ significantly in terms of interest rates and that in each case installment loans from different banks should be compared. Anyone who makes an installment loan comparison and thus finds a low-interest loan offer can save several hundred USD over the entire term. Consumers who use an installment loan to buy a kitchen may also be able to negotiate a cash discount from the kitchen dealer.
What options are there for a kitchen loan?
In addition to a installment loan, consumers also have the opportunity to finance a kitchen directly through the kitchen dealer. Many furniture stores offer special financing for their kitchens and cooperate with various banks. Consumers can accept such an offer if they use everything from one source and do not want to look for another lender.
However, it may be that the furniture store’s financing offer is not the cheapest on the market. Who does not shy away from the time, should also make a comparison with the kitchen financing.
If you get neither from the bank nor the furniture store a loan for the kitchen, you still have the opportunity to take out a loan from private. Private loans are brokered online at appropriate loan portals. These loan portals can therefore also be used for kitchen financing.
It is recommended to compare the different possibilities. Before taking credit for a kitchen, consumers should check their own budget in advance to see if a monthly repayment installment can be paid.