Washing machine loan – why should you take out a washing machine loan?

Failures of household appliances often surprise us at the least appropriate moment – when we have many other expenses and our wallet is empty.

Did your washing machine break? It is difficult to function normally without a functioning device, which is why many people decide to reach for external financing sources. Is a washing machine loan profitable? Where can you get funds for buying a new device?

How much does the new washing machine cost?

How much does the new washing machine cost?

The prices of washing machines are very diverse – it all depends on the model, brand, and parameters of the device. Prices of front-loading equipment start from USD 800 – these models usually have basic programs, capacity 5-6 kg, 1000 revolutions per minute during centrifugation and energy class A +.

In the case of more technologically advanced devices, prices increase – models with a capacity of 7-8 kg and a spin speed of 1,400 rpm cost from USD 1,500. Top – loading washing machines are also popular – they are small and economical. The cheapest models can be bought from 800 USD.

Unfortunately, many people cannot afford to pay for the washing machine from their own pocket – then they have to reach for loans, e.g. from a non-bank institution.

How to finance the purchase of a washing machine?

How to finance the purchase of a washing machine?

Loan companies from the non-banking sector allow you to get cash quickly and without unnecessary formalities . In the event of a washing machine breakdown, time counts – we want to buy a new device in a short time. In this situation, many people may be put off by the procedures governed by loans or bank credits – the need to provide certificates from the employer extends the formalities.

Cheap non-bank loans are a convenient alternative to traditional offers. Funds can be obtained without leaving your home – you can apply for a loan online.

The persons entitled to receive the loan are:

  • of age,
  • having Polish citizenship,
  • full legal capacity,
  • Phone number,
  • personal bank account.

Another condition is stable income. Most companies, however, do not require certificates from employers – a client’s statement about the form of employment and the amount of earnings is enough.

The companies also check the debtors’ databases and the data available at the Credit Information Bureau. There are, however, offers that do not require verification. The credibility of the customer is checked quickly, and the funds are on the account even within a few minutes of the decision. A non-bank loan is a good solution in cases of emergency when we care about time.

How to apply? All you have to do is enter the parabank website, register on the website and then complete the short form. Provide personal data in it:

  • first name and last name,
  • address,
  • PESEL number,
  • series and number of ID card,
  • Bank account number,
  • Phone number.

Next, enter the amount of income and the form of employment. The loan can be obtained by persons employed for:

  • employment contract,
  • contract for specific work,
  • contract of mandate.

Parabanks also accept the applications of pensioners as well as persons conducting business activity.

A broken washing machine and a loan – is it worth it?

A broken washing machine and a loan - is it worth it?

Often, household appliance failures do not require replacement of the entire appliance, but only repairs, e.g. the purchase of a small part. Washing machine repair can cost us USD 100 to even USD 500.

Modern washing machines with advanced functions can connect wirelessly to the diagnostic application and assess what part has failed. The cost of replacing the V-belt is approximately USD 150, the programmer – approximately USD 350, and bearings – USD 400.

If a device failure surprised us at the wrong time, e.g. when we have a lot of other expenses, it is worth considering taking out a loan.

 

Best loan restructuring: how to find the right loan?

Best loan restructuring: how does it work?

Best loan restructuring: how does it work?

Is there the best restructuring loan in the absolute sense? And are there any differences between a first and a second home, perhaps being able to access subsidized loans?

Let’s first answer these questions, before giving any advice on how to find the best restructuring loan.

Best loan restructuring for you or me?

If you are looking for the best home renovation loan, you risk being disappointed or making the wrong choice. What is “best” for one person does not necessarily mean it is for another person.

This is because there are many jobs that can fall within the scope of a renovation such as:

  • ordinary maintenance (to beautify and make your home more comfortable);
  • extraordinary maintenance (improving energy efficiency, renovating systems, changing fixtures, insulating and insulating);
  • heating work (e.g. changing the boiler, the whole system or changing the type of heating used, etc.).

It is quite clear that between one or the other type of renovation work there can be a big difference on the economic level, with disbursements of a few thousand euros up to several tens of thousands of euros. In some cases you can take advantage of tax deductions (with tax bonuses) including those on mortgage interest expense.

Best restructuring loan with special terms

For the first house, and especially for the execution of some works (especially improvement of the energy efficiency and therefore of the energy class of the property), loans can be obtained with reduced rates (which obviously add to the deduction for the renovation bonuses or interest expense if applicable). However, these are possibilities that are only accessible in specific cases, namely:

  • amounts allocated by local administrations;
  • offers from some specific banks.

To find out whether or not it is possible to obtain the best rate available by virtue of these favorable conditions and what specific requirements must be met, it is necessary to inquire locally. It is certainly worth the effort but it is not certain that you will be able to get what you need.

Best loan restructuring: 3 useful tips

Best loan restructuring: 3 useful tips

To understand what the best home renovation loan can be, you must first identify the type of work that you must or want to do (and not the other way around, or starting from what you can get and then decide the type of work ).

So based on this research you have to ask for estimates of actual costs and inquire if there are any financing agreements with who should carry out the work.

At this point, however, it is advisable to request more estimates from various banks and financial institutions, and in parallel to request more estimates also on restructuring loans.

In this regard, it is necessary to compare the conditions meticulously and pay attention to the conditions and requirements necessary to be able to make the request (type of cost estimate or invoices for costs already incurred, etc.).

Holiday loan – where to get a holiday loan?

A holiday loan is sometimes the only way to be able to go on your dream vacation. It’s easier to get than depositing funds to your bank account regularly. However, is it really a good idea to use it? Where is the best way to take such a loan? When is it worth doing? Advice!

How much do holidays cost?

How much do holidays cost?

Many people are looking forward to holiday trips. They are an escape from everyday duties and a chance to relax after long months of work. However, they are also a heavy burden on the family budget. In 2019, 41 percent of Poles planned to spend more than four thousand dollars on vacation.

According to a survey, 26% of respondents planned to spend four to nine thousand dollars on vacation. Among them were mainly young people between 18 and 22 years old. Older people, between 26 and 55 years of age, were ready to spend even more on holiday trips. Every fifth person in this age group declared that they planned to allocate over nine thousand dollars for this purpose.

Importantly, however, as many as 70% of respondents admitted that they had to regularly save for holiday trips. Therefore, every third person gives up going out of town or certain purchases, 15% take on additional work, 11% sell unnecessary things, and some also save on fuel and streaming platforms.

But what if you dream about a vacation, but you have not started to put aside money early? The solution can be a holiday loan! A holiday loan or installment holiday at a travel agency can give you the chance to fulfill your dream of rest.

Installment holidays in a travel agency or loan – what to choose?

Installment holidays in a travel agency or loan - what to choose?

One of the options that travel agencies prepare for their clients is installment holidays. The repayment of such holidays begins either at the time of purchasing the offeror immediately after returning from the holiday. The conditions for using such an offer are determined by each travel agency.

Therefore, installment holidays can cost you extra if the installments pay a high-interest rate or require expensive insurance. Travel agencies wanting to attract customers sometimes offer interest-free holidays in installments. The downside of the offer, however, may be a limited number of vacation destinations financed in this way, and thus a restriction on the choice of vacation destination.

What’s more, not every travel agency offers holidays in installments, which means that you may not be able to use the services of the office that you have used so far. The second option is a holiday loan, which you can spend at any travel agency. You can also use the loan funds for your own trip.

The limit may be the amount you can borrow. However, if you are a new customer, you can take advantage of the free loans that many loan companies offer. Often, however, these are payday loans, and therefore obligations that you will have to pay off immediately after returning from vacation.

Vacation loans abroad. Is it possible to take out a loan for a trip outside the holiday season?

If you are looking for a good loan for a holiday abroad, remember that it does not have to be so straightforward. An ordinary cash loan can be issued for any purpose. It can, therefore, be treated as a loan for a holiday abroad.

You can take out a loan at any time, not just during the holiday season. By most of the loan you will finance a trip also out of season.

Is a holiday loan a good solution?

Is a holiday loan a good solution?

A holiday loan is a good option if you want to leave and you don’t have enough savings saved. Thanks to it you will pay for example a favorable last-minute offer. On the other hand, you must remember that you will have to give back the funds shortly after your return. An unpaid loan may have unpleasant consequences for the borrower.

For most loan companies, you can benefit from a maximum thirty-day repayment period. If you fail to pay on time, you will remember your vacation for a long time because of problems with the debt collection company or bailiff.