A Home Loan belongs to the group of consumer or personal loans. Borrowers use it to finance, for example, major repairs in the flat or interior decoration and furniture for a new flat.
If you are planning to move into a new flat, moving costs, rent deposit and new furniture can quickly add up to a considerable sum. With a home loan, you can comfortably pay these total costs in monthly rates.
Many online shops and furniture shops offer their customers to finance the newly purchased kitchen or living room furniture by instalments. Caution is advised here! If you shop in different shops, you quickly have a lot of administrative work and run the risk of losing track of everything.
It is also often difficult to compare the different conditions here. With an overarching loan, everything comes from one source, overview guaranteed. The loan amount is then paid monthly for a contractually agreed loan term.
More information on furniture and home loans.