The iPhone 7 is currently one of the most sought-after innovations in the mobile market. The smartphone from Apple is now available in its seventh variant and especially consumers between the ages of 14 and 30 years are the main buyers layer for the new mobile device. In some cases, however, it is not possible to pay the purchase price out of the savings, for example, but financing is necessary.
Installment loan or discretionary loan for financing
In most cases, all buyers who can not afford to purchase the iPhone 7 from their own resources will either use their discretionary credit or take out a installment loan. While the repayment credit usually amounts to between 1,000 and 5,000 euros, the installment loan requires a special option. The vast majority of banks lend installment loans, namely, only from a loan of 3,000 euros, which of course to purchase the iPhone would be a much too high loan amount. Therefore, it makes sense to look at so-called small loans. These are also installment loans, which are usually awarded from a loan amount of 500 or 1,000 euros.
Use the credit limit on the credit card account
The vast majority of German citizens now own at least one credit card. With the exception of prepaid credit cards, which can only be out of credit, almost all other credit cards have a limit on the credit card account. This means that you can use the credit card to make dispositions of up to € 5,000, even if your credit card account has no positive balance. It should be noted, however, that the use of the credit card is not necessarily the cheapest model, if you want to finance a purchase. However, the estimated interest rates are highly dependent on the particular issuer of the loan, so you should individually check whether it is worth using the credit card if you want to buy the new iPhone 7.
Financing also possible via Apple
As is known, Apple is the manufacturer of the iPhone. For quite some time, you can also make a financing through the American company, which cooperates with the well-known in Germany credit bankive. The lender provides a loan of 1,000 euros, which is sufficient to buy the iPhone 7. However, the financing is not exactly cheap, because currently with an annual percentage rate of 7.99 percent must be calculated. In addition, it is necessary to repay the loan at the latest after 24 months, resulting in a loan of around 50 euros per month.