POS lending or credit card?
Having decided to purchase household appliances or other expensive goods, the borrower is faced with the problem of choice.
Which loan to give preference? Use a credit card or the services of bank managers directly in the store?
Benefits of POS Loans
POS-lending is a targeted loan, carried out directly at the point of sale. Collateral for it is the purchased goods. The positive aspects of such loans include:
speed of receipt – a loan is issued instantly at a point of sale;
simplicity of execution – there is no need to collect a large package of documents, confirm solvency;
lack of guarantors and “significant” collateral. The thing that is acquired is not psychologically perceived as a guarantee;
low interest rate in comparison with microloans and express loans. Continue reading