How expensive it is to buy home furnishings largely depends on whether furniture is taken from the old apartment into the new one. Moving is a good opportunity to dispose of worn furnishings and replace them with new furniture. When you move into your own apartment for the first time, it is almost always necessary to buy the entire facility, as parts of a youth room are rarely suitable for them. The credit requirement for new home furnishings can be reduced by first purchasing the most important pieces of furniture instead of full rooms and then buying fewer urgent items of furniture later.
Arrange an installment purchase
Many furniture stores offer furniture purchases in installments. The cost of a corresponding agreement with the furniture store is lower than the interest that is usually paid on a loan for the home furnishings. Since not all furniture stores offer installment payments or work with a partner bank for financing, the unconditional desire for installment payments restricts the choice of furniture. After all, even with a furniture store that is popular with young people and generally regarded as inexpensive, there is now the possibility of agreeing to pay in installments for new furniture.
Take out loans
Consumer loans can in principle be applied for without specifying the intended use and can therefore also be used to purchase home furnishings. However, in special situations, such as moving into your own apartment for the first time in connection with the start of your studies or vocational training, some banks grant loans at special rates. If you rent an apartment in an area with a high vacancy rate from a housing association, you can ask them for a discounted loan for the home furnishings.
Many companies issue corresponding loans to their new tenants on demand. In the event of a move approved by the Office, recipients of benefits under the Social Security Code (Social Welfare) are entitled to an interest-free loan for home furnishings from the job center or the employment agency. This is especially true if the move is necessary to take up a job. The advantages of a loan from the Office are the low repayment rates and the freedom from interest. Anyone moving into their own apartment for the first time as an ALG II recipient receives a grant from the employment agency instead of the loan.
Consider personal loans
A loan for new home furnishings can often be taken out particularly cheaply via a platform for arranging personal loans. For legal reasons, a certified bank brings together inquiries from consumers and loan offers from private individuals over the Internet. The lender’s decision on which projects to fund is based on the specified purpose for the loan requested. Experience has shown that new home furnishings are among the measures that private lenders particularly like to finance.