Credit for glasses

Good glasses are often very expensive and are only subsidized by the health insurance in very rare cases. If you then do not have enough cash or have additional glasses insurance, you usually have no choice but to take out a loan for the glasses. There are different possibilities for this.

Credit from the optician

Credit from the optician

More and more opticians have recently started offering a so-called glasses subscription for their customers. This glasses subscription is roughly comparable to an interest-free loan for glasses. It would have to be paid off within one to two years and also includes glasses insurance against broken glasses or possible loss of glasses. A very important advantage of a loan for glasses is that even people with a relatively low income can afford new glasses who in most cases will need them urgently.

installment loans

installment loans

In certain circumstances, it could be advantageous to take out a normal installment loan and instead opt out of an optician’s loan. This applies in particular if the loan is taken out from your own bank and there has been an intensive relationship of trust between the customer and the bank for several years. As a rule, only a small loan of several hundred dollars is required for glasses, which can then be repaid very quickly.

For this reason, the possibility of special repayments or early repayment of the loan should be included in the loan contract. With the money from the bank, the customer could appear as a cash payer at his optician and thereby often secure considerable discounts on the purchase price of the glasses. These discounts are usually between 15 and 25%.

Disposable loans

Disposable loans

If the customer has a good credit rating, the bank will usually also give him an overdraft facility on the checking account. The amount of the overdraft facility is determined individually and can easily be two to three times the regular monthly income. If you want to use the overdraft facility as a credit for glasses, you can repay it very flexibly, depending on your own options.

Loans free of charge for unemployed people

Loans without upfront costs that are suitable for the unemployed can come from different providers. Only the private loans of the large portals are excluded. Depending on the purpose, a loan offer with only 1.33 percent APR is possible.

Loans free of charge for the unemployed

Loans free of charge for the unemployed

Loans without upfront costs, which are particularly suitable for the unemployed, are used for further training or the establishment of a company. For example, a student loan from the Lite Lender bank can be used to achieve a higher level of education. Despite the favorable interest rate of 1.33 percent APR, no collateral is required.

The loan is intended for people who have already learned a profession and would like to learn again through a full-time degree. Unfortunately, the student loan is only possible up to the age of 36. Those who are older will still find another opportunity to finance their training. For example, the age limit does not apply to the Meister-BAföG, another Lite Lender bank loan model.

A business start-up loan is another way to find your way out of unemployment. For a good business idea with good chances of success, the financial scope for such a loan is almost unlimited. Depending on the amount of the loan, the entrepreneur must bring collateral with him.

In comparison to free financing, the collateral required is very low. Lite Lender bank bears 80 percent of the risk to the paying commercial bank. Although no equity capital is necessary, an ERP loan is only offered with an effective APR of 2.89 percent.

Consumer credit despite unemployment

Consumer credit despite unemployment

As long as the borrower receives ALG 1, loans are generally possible for unemployed people without any upfront costs. The approval of a long-term loan is already problematic in this phase. The risk of permanent unemployment is undeniable. Long-term loans can only continue to be used through a solvent guarantor.

The overdrafting of the current account remains unproblematic despite the unemployment. Restrictions, up to the complete deletion of the MRP, only have to be feared when moving to ALG 2. The difference between the ALG 1 insurance benefit and the ALG 2 social benefit then has an effect.

Mail order loans are available to an ALG 1 recipient almost without restriction. It can only be problematic if the unemployment benefit is not in the area or above the seizure allowance. Another reason to prevent credit would be a negative Credit Bureau entry. He would cut off the mail order credit as a source of credit.

Loan with ALG 2

Loan with ALG 2

No loan can be repaid by Hartz 4. Normal loans with no upfront costs for the unemployed in ALG 2 – are therefore excluded without exception. The realistically remaining credit opportunities are the loan with social hardship and the loan from the pawnshop.

Charities and the churches can grant social loans. Such a loan is only granted in exceptional cases, there is no legal claim. A little consolation, social loans can only be granted without interest.