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
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.
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%.
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.