digitec.ch financing option? Anyone with experience?

calei · 4 October 2013 23:20

I wasn't too sure where to post this (feel free to move to a more appropriate forum).

I'm looking to buy a laptop for my girlfriend off digitech.ch and I noticed the financing option which would be pretty good (I'd end up paying an extra 100-200 CHF but wouldn't need to pay everything all at once).

Here's what the financing option says in German:

Durch Auswählen dieser Zahlungsart erhalten Sie zusammen mit der Auftragsbestätigung per E-Mail die Finanzierungsantragsdokumente. Der Antrag muss ausgefüllt und per E-Mail oder Post an die auf dem Antrag angegebene Adresse gesendet werden. Der Antrag wird danach in der Regel innerhalb eines Arbeitstages geprüft. Die Bestellung kann erst nach positivem Kreditentscheid freigegeben werden. Anträge werden von 09.00-16.00 Uhr bearbeitet. Finanzierungszins bei Privatkunden +14.5% (Mini Kreditrechner). Diese Finanzierungsart ist nur für Privatkunden verfügbar.

Which Google translates to:

By selecting this payment method, you will get together with the order confirmation e-mail the funding application documents. The application must be filled out and sent by e-mail or mail to the address indicated on the application. The application is then examined usually within one business day. The order can be released only after a positive credit decision. Applications are processed from 09.00-16.00 clock. Interest financing for private customers +14.5% (mini loan calculator). This type of financing is available only to residential customers.

However, if you check Digitec in English, the statement reads differently and mentions private customers. I am unsure if I can apply for financing option to pay for a laptop over 6 months?

I'm English with Permit B, and have been living here for just under a year now. 25 years old with UBS (debit and mastercard). Would I be able to qualify for this option?

Ocob_Sher · 4 October 2013 22:24

That's a pretty high interest rate, why not check comparis for an equivalent private loan?

calei · 4 October 2013 22:49

Using the "Personal Loan (BETA)" on Comparis for 1100 over 6 months gives me results from money-net (5.8%), credit-now (which is what digitec calculator links to, 9.9%-13.9%) etc.

Although the monthly rate on money-ney is 186 compared to 190 on the credit-now calculator that digitec shows which is about 25 CHF savings...

It's not that I need a loan, I can pay for the laptop but I'd rather pay it off over several months - of course with the least interest rate.

Should I really use a loan in this sense? I don't need that much money and it's mainly to stretch out the payment and then to buy another laptop in 1-2 months for myself... which would be much higher spec'd as I need it for programming + virtual machines + gaming - although I don't mind waiting 3-4 months and then buying my own laptop after (without using this financing option / loan for first laptop)