How you can finance your new furniture

Blog provided by Curacao

If you are dreaming of a new wardrobe or a well-thought living room but still fall short on your budget, Furniture Financing could help you create the space you have imagined.

Here are some popular Furniture Financing options that can help you buy the furniture you want and still manage your cashflow.

In-store financing – Leading stores like Curacao, Ikea, and Target now offer In-store Furniture Financing with online Buy Now Pay Later Online Stores offers that support customers to furnish their homes. Most offers have long payment periods between 12-24 months on low-interest rates.

Layaway – Layaway lets you buy new furniture, but you can only take your furniture home once all installments are paid. However, furniture on layaway will require an initial down payment and include cancellation charges.

Rent-to-own stores – If you are hesitant to commit to a piece of furniture, rent-to-own schemes will charge a monthly fee for hire. However, this option may work best for special occasions, e.g., if you have family staying over because at the end of your payment period you would have paid 3 to 4 times the cost of your furniture.

Personal loans – If you choose not to use in-store financing you can opt for a personal loan. Lenders will provide personal loans for periods of 3-5 years, with interest rates from 6% to 36%.

Home equity loans – If your credit score is less than favorable, an equity loan will let you borrow against your home. However, you do run the risk of losing your home if you are unable to make your payments.

Curacao is a leading homeware, electronics, and fashion retailer that offer Furniture Financing options on flexible terms while providing some of the lowest interest rates.