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| (Image Source: Home Credit Philippines) |
As
online shopping continues to gain traction among Filipino millennials, many consumers
are still keen in purchasing their own dream gadget or appliance in shopping
malls, department stores and commercial centers where they are available. The
only problem is that they don't have enough cash from their savings as well as
their own debit or credit card to make these purchases possible. This is where
third-party financing companies step in.
The likes of Home Credit, Flexi Finance, AEON and similar brands offer easy and engaging installment plans where consumers can regularly pay for their own gadget or appliance purchases without the need of having a debit or credit card. The best thing about trusting these companies is that it is easy for anyone to have their loan application approved within minutes as long as they have submitted the right requirements needed for it. Furthermore, they don't need to travel far just to apply for their own personal loan because they are found where they are available mostly in shopping malls.
Of
course, like the most viable payment options, third-party financing has its own
sleuth of disadvantages. One major concern regarding this option is that they
may offer either 0% or lower interest rates on installment plans but it all
depends on the overall price of the desired item. This would make the alternative
choice riskier but not as critical as using a credit card. With that in mind,
consumers who want to purchase their own dream gadgets inside shopping malls
should think of the possibilities when preferring a option that best suits not
only their own pleasure but their pockets as well.
