Consumer lending today, in spite of everything, is not losing ground, but on the contrary, it is becoming, perhaps, almost the only type of sales of durable goods at retail. How do you start selling retail goods on credit?
Instructions
Step 1
Select a bank. Sign an agreement with the bank on the organization of cashless payments. Submit to the bank the same package of documents as when opening a current account (statutory documents, certified copies of your passport, TIN). The contract must necessarily stipulate the procedure for transferring funds to your account after the purchase.
Step 2
Equip a workplace for a bank representative in your store or involve your employee in obtaining a loan by concluding an additional agreement with the bank on his training. The buyer will have to conclude an agreement both with you (on the purchase and sale of goods) and with the bank (on the provision of a loan). Buyers in favor of your trade organization are charged the necessary interest on the loan amount, taking into account the current bank rates. If in the future the bank changes the terms of lending, then the interest is not recalculated.
Step 3
When the money is credited to your account, both the buyer’s debt to your trade organization and the debt of your store to the bank are paid off at the same time.
Step 4
Please note: the purchase by the buyer of the goods on credit does not deprive him of the rights to exchange or return the goods. In the event that the buyer returns the goods, your trade organization will have to pay off the loan to the bank.
Step 5
Choose the bank that offers the lowest interest for registration and transaction support. In this case, you yourself will provide an installment plan and subsequently pay with the bank. Take out a loan to buy a product. Buy in bulk.
Step 6
Draw up an agreement according to which the buyer will pay at least 30% of the cost of the goods upon purchase. Set the price for the goods the same as when selling for cash. Of course, in this case, not all buyers will want to arrange a purchase from you on credit, but you can protect your store from risks.
