Credit for furniture – apply now!


The financing of a completely newly acquired home furnishings is just as common as the borrowing for the new purchase of individual pieces of furniture. Even consumer advisors who are reluctant to take borrowings see the loan for furniture as a fundamentally sensible private investment loan, since the consumer finances useful objects that can be used in the long term. There are various options for borrowing new furniture.

Financing through a dealer

Financing through a dealer

Retailers sometimes offer the direct processing of a partial payment through them, and in some cases they arrange the loan for the furniture to a partner bank. In direct processing, they themselves query Credit Bureau and, unlike banks, do not receive any information about loans already in progress from their customers. Depending on the purchase amount, it is also uncommon for the dealer to make an installment payment agreement to ask for work income.

When buying a complete home furnishings, he will provide this because of the amount of the financing, but not when buying individual pieces of furniture. The frequently offered zero percent financing often misleads consumers to buy their new furniture from a retailer offering it, without making further price comparisons.

They overlook the fact that a higher interest rate on the furniture loan combined with cheaper furniture prices is the overall cheaper solution.

The furniture loan through a commercial bank

The furniture loan through a commercial bank

In most cases, a commercial bank does not inquire whether their customer wants to use the loan requested for furniture or other purposes. The home loan offered by some banks is an exception. This is linked to a discounted interest rate and requires proof that the customer is actually using the money as specified.

If a financial institution offers a discounted loan for furniture, its interest rate is lower than for loans granted by the same credit bank without a specific purpose. This does not rule out that other financial institutions offer unrestricted loans on more favorable terms. This means that even with discounted special loans for furniture purchases, the need for a loan price comparison remains.

For the convenience of financing individual furniture, consumers like to use their overdraft facility for convenience. There are no fixed repayment obligations for this, but it is associated with significantly higher debit interest than an installment loan. For this reason, the use of the overdraft facility for buying furniture only makes sense if the account holder can settle his checking account within six months at the latest. Even higher interest rates are incurred when credit card holders pay for their new furniture with the card and then activate the installment facility.

Alternative options for a furniture loan

Alternative options for a furniture loan

Beneficiaries of benefits under Social Security Code II have virtually no chance of getting a loan to buy furniture. If you have not forfeited a Credit Bureau negative entry or are an existing customer of a mail order company, you can pay in installments in the mail order business. However, it is not advisable to use them, as unemployment benefit II hardly allows the due payments to be transferred on time.

The job center grants service recipients an interest-free loan for furniture if a new purchase becomes necessary and the furniture is part of the basic household equipment. Another option for taking out a furniture loan is provided by platforms for private loan brokerage.

Many of the private lenders registered there base their loan inquiries on the urgency of the planned purchase and prefer to draw up a request for a loan for furniture. A weak credit rating of the applicant does not constitute a significant obstacle to lending, since for social reasons private individuals agree to credit requests from furniture buyers to which conventional credit banks are reluctant to grant a loan.

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