Buying a new tablet, computer or smartphone can weigh on your budget. To finance these smaller expenses, Gandalf was the first to launch a digital loan specifically for the purchase of digital devices. Is it interesting to take out such a digital loan?
Borrowing, but only for digital devices.
Just as a car loan may only serve to buy a car, that is also the case with a loan for digital devices . The loan must only be used for the purchase of digital products, such as a tablet, computer, smartphone, camera or laptop.
Before your loan can be approved, the bank must receive proof that it is necessary to purchase a digital product. This can be done on the basis of a price quote.
Apply for a digital loan
A loan for digital devices can be interesting for several reasons: to reduce the impact on your monthly budget, save interest on loans from other banks if you still want to buy a smartphone or the like, …
The cost price is expressed as with other loans by the annual percentage rate (or: APR). At Gandalf, the APR at the time of writing is 2.40%.
If you look at a simulation, it will soon be clear how everything works. The application can easily be done online.
You can take out a loan for digital products for an amount from € 500 to € 2,500. You can also choose the repayment term from a period of 3 months up to a maximum of 24 months.
Is this digital loan interesting?
There are therefore interesting opportunities for any budget. This is an installment loan, but because it is for a specific purchase, it is possible for banks to award a lower rate. It is therefore possible that this loan at Gandalf is cheaper than a ‘normal’ installment loan at another credit institution.
Those who fear that purchasing a computer, tablet or smartphone will weigh too much on their budget, this loan is an interesting option.