Installment purchases can be a great way to fund large purchases at a low cost, especially if you choose a structure that fits your spending habits.
For those who like to shop, there are more ways to pay than ever before. Alternative ways to fund your high-value purchases are trending, with installment services leading the way.
Such services are built to compete allowing customers to pay for their purchases over time – at a much lower cost. A fixed fee solution in place of interest fees, while reducing interest rates to a minimum.
If you have any high-value purchases that you want to finance without paying significant fees, then taking advantage of an alternative payment service can be a great way to lower your interest rates.
Fortunately, the terms and refund fees vary between these programs, so it's likely that you can find one that fits your spending habits.
From traditional loans to store sponsorships, there are all sorts of alternatives to paying for a large purchase. An increasingly popular option is the installment package structure.
With an installment plan, you'll pay your purchase in a fixed amount, usually equal to a set repayment term. Some services limit you to a repayment term – such as four payments over six weeks.
While some installment plans charge fixed interest rates, most are designed to skip interest with a small fixed fee. Whether this fee falls on consumers or sellers varies depending on the payment program.
To use Movi' s installment product, please see our detailed product catalog.
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