If you love photography, then you are definitely dreaming of buying a new professional camera. It is not cheap. But in order not to cause serious damage to the family budget, you can take it out on credit.
Conditions for granting credits for the camera
Many shops today provide the opportunity to buy a camera on credit directly at the point of sale. With this option of lending, there is no need to visit a bank branch.
The procedure for obtaining such a loan is quite simple. It is enough to have only a passport and an additional document to choose from - TIN, SNILS, international passport. Sometimes an income statement may be required. The bank makes a decision quickly enough - within an hour. Then you can go home with your chosen camera.
Having a down payment is often not necessary, but will allow you to get a better rate on your camera loan.
As a rule, the smaller the package of documents the bank requests, the higher the loan rate. The latter can reach 100%. Therefore, such a quick loan processing leads to a significant overpayment for a camera.
Even despite the tempting offers from shops to buy a camera on credit at 0% per year, overpayments cannot be avoided. In most cases, the borrower will have to pay the loan disbursement fee as well as the cost of insurance.
Last year, the average rate on POS loans was 36.3% per annum, on cash loans - 35.8%, on credit cards - 39%
After the loan is disbursed, it is important to follow the monthly payment schedule and avoid delays. Otherwise, fines and penalties on the loan will be charged, as well as problems with further obtaining a loan due to entering information on delays in the credit bureaus will arise.
How to save money on buying a camera on credit
To save money on buying a camera, you can take advantage of special promotions that are periodically arranged by many stores. Within the framework of such special offers, you can buy a camera on credit without overpayments, the store itself compensates for the lost profit to the bank. However, it will not be possible to buy a popular camera of the latest model for the promotion, because they often set up to sell goods that are not in demand.
If you want to take a camera on credit and at the same time save money, it is better to apply for a consumer loan at the bank where you receive your salary before going to the store. This will significantly reduce loan overpayments, because banks provide their clients with preferential rates. To obtain such a loan, proof of income is not required.
Another way to buy a camera on credit is to pay with a credit card. The rates for using such a loan are usually lower. And if you meet the grace period (from 55 to 100 days), you can buy a camera without overpayments. Another advantage of credit cards is that you can take out such a loan more than once. So, after paying off the debt for the purchase of the camera, you can immediately buy lenses and accessories. And if the credit card provides for bonus programs, then part of the money spent will be returned back to the card. The only thing is that you should take care of the credit card registration in advance.
