Installment goods, "M-Video": consumer reviews

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

M. Video is the leader among retail chains selling electronics and home appliances in Russia. Moreover, this is the only public Russian non-grocery chain. It was founded in 1993, that is, more than 20 years ago. The network has about 400 stores throughout the country, namely in 165 cities.

If you ask your relatives and friends about where they buy goods for the home, it will most likely turn out that they use the M. Video installment program. Reviews emphasize that the choice of goods and services here is simply fantastic. Why look for something else when here in one store you can find everything you might be interested in?

Elaborate sales technique

The company is actively developing an integrated sales strategy to unify the product range. That is, a single space operates throughout the network. The equipment you have chosen can be delivered from any store within the agreed time frame. But that's not all. In addition to an efficient retail format and customer-orientedbuyer of the concept, the company offers its customers excellent service support. All this leads to the fact that goods in installments from M. Video are becoming more and more popular. Reviews emphasize the ability to quickly fill out a questionnaire and get approval from several partner banks at once. This is very convenient, especially if your credit history is not as perfect as you would like.

Purchasing equipment via the Internet

Today it is less and less possible to see buyers who walk in the trading floor and study household appliances. This option is not excluded, but usually an online store is more convenient. Sitting in a comfortable chair, you calmly examine all the models, get acquainted with the technical characteristics and study the reviews. In this case, buyers come to the trading floor with one or more options, which a competent consultant will help to compare.

There are dozens of home appliance stores that offer the opportunity to get acquainted with models on the pages of an online store today. But not all of them offer installment plans. M. Video, reviews of which are positive in most cases, corrects this situation. Any product can now be bought without overpayment, without paying interest and prepayment. Of course, many Russians hastened to take advantage of the tempting offer. This is a great chance to update the appliances in the kitchen, buy a new TV or washing machine.

What does installment plan mean in M. Video

Reviews make it clear that sometimes this concept is confused withcredit, so let's be a little clear. This is important so that consumers can understand the benefits of the offer. An installment plan is an opportunity to purchase goods immediately, and pay the cost in installments, within a specified period of time. The difference from a loan is that interest is not charged on this amount. But they often make up at least half of the total cost.

So, earlier, the direct seller gave an installment plan for his goods. Our parents remember this. Today it is provided again by the same bank. So it's actually a loan. But the interest on it is usually paid by the seller, not the buyer. Or the seller gives a discount in the amount of accrued interest. That is, the consumer in any case does not lose anything.

Installment in M. Video in 2017

Reviews emphasize that the conditions are constantly updated, so you can follow current promotions. They are updated quite often, so do not be discouraged if you do not have time. In order to issue the product you like, you need to select it from the catalog, and then contact the seller to order it from the warehouse. You can simply add the item to your shopping cart and you're done. Now it remains to contact the bank representative to complete the purchase of the stock. This will require a passport.

You can perform this procedure without leaving your home. Choose a product with a promotion sign and wait for the decision of the bank. If it is approved, then the bank courier will bring all the documents to the house for signature. After that, the purchased goods will be delivered. Specialists will help not only to lift, but also to install the equipment, if necessary.

The opportunity to buy expensive goods

Home appliances and electronics cost quite a lot, especially when considering the latest models. And for those who cannot pay the full price right away, you can break it down into 6, 10, 12, 24 parts, which makes shopping more affordable. It is these problems that the installment plan in M. Video 2017 solves. Reviews emphasize that such conditions allow you to purchase what you have long dreamed of. And everyone is on the plus side. The buyer receives the long-awaited thing, the seller - the profit. And the bank receives interest from the seller and insurance from the buyer.

The popularity of the company "M. Video" brought a wide range and a flexible system of discounts. Every day there is some kind of promotion or sale on the network. You can find out about them at any time on the official website of the company.

What banks does the store cooperate with

It is logical to assume that loans can not be obtained in all banks. Today, two banking institutions work with this trading network. Perhaps for this reason, reviews about installment plans in M. Video may differ from each other. Although each buyer has the opportunity to make a request to both banks at once, and then choose the one whose conditions you like best. Well, or the one who approved the application. Which banks give loans for the purchase of household appliances:

• Cetelem Bank. The loan terms are as follows. Down payment - 0%, loan term - 36 months, interest rate - 8%. The bank is ready to lend from 2,500 to 450,000 for the purchase of new household appliances for yourat home.
• CB "Renaissance Credit". Down payment - 0%, interest - 10%. Here, loans are issued only under the action "Installment 0024 in M. Video". Reviews emphasize that the approval of the application happens in almost 100% of cases. Loan amount - from 3,000 to 250,000 rubles.

But remember that the list of products covered by the promotion is limited. Therefore, if today you see a suitable option, then you should hurry up with the choice.

What are the conditions of the bank

Of course, there are requirements for a client who left an application for an installment plan without overpayments in M. Video. Reviews of 2017 emphasize that the store has a huge number of products that are suitable for different categories of citizens and different ages. One of these products is of interest to a 19 year old boy and the other to a 65 year old woman. This gives rise to another question: "At what age can a person apply for an installment plan?"

Any citizen who has reached the age of majority can get a loan, which, in fact, is this offer. At the same time, he must have an income. And not in the amount of payment, as in the case of a scholarship, namely the official salary. After all, the bank will approve the loan only if it sees that after the payments the person will have enough to live and live on. Therefore, income plays a decisive role.

What documents are needed to apply for an installment plan

There are very few of them, and they are always at hand. This is confirmed by those who tookinstallment plan in M. Video. Reviews emphasize that the whole procedure does not take more than 15 minutes. If you make a request for cash withdrawal directly at a bank branch, then managers will ask for much more information and confirmations. But when making an installment plan in a retail network, everything is much simpler. What documents will the credit officer ask for? This will only require an electronic application, but this is done by a representative of the financial institution you are applying to. Employment certificates and other documents are not required.

Loan repayment

So, you took the goods in "M. Video". Installment purchase reviews show that this is the best, if not the only option for purchasing expensive items. Now on hand there is a repayment schedule, according to which you need to deposit amounts. Moreover, you can pay off payments in any way that seems convenient to you. The first is payment at the bank branch closest to your home. Most of them work 6-7 times a week, which makes it possible to make payments on a day off from work. In addition, you can make payments through the cashier of the store. Choose the method that is most convenient for you.

Divide the payment load by two years

This is the most popular option most often chosen by M. Video customers. "Installment 0.0.24" reviews call it a very convenient option to pay for an expensive purchase. The monthly load is not too large, and the term does not have time to tire. Let's look ata specific example of how this promotion works.

In the catalog or on the trading floor you see a special icon that reads: "M. Video. Installment 0.0.24". Reviews suggest that such offers are quite common. This means that the down payment can be zero, there is no overpayment, and the amount of the debt will be evenly distributed over 24 months.

If you wish, you can choose other payment schemes. In any case, you will be offered an interest-free installment plan at M. Video. Reviews from 2017 confirm that such promotions are well received by consumers.

Three-year option

If you think that the 24-month installment plan puts too much pressure on the budget, you can consider the "0.0.36" option. As usual, we regularly open the site and check when the product you need appears with this icon. It is from this time that the installment plan without overpayments in M. Video begins to operate. Reviews emphasize that the wait is usually not too long. The only caveat: if you are looking for a specific model, then it is not a fact that it will be offered as a promotional one. But if you just need a good and reliable phone, refrigerator or microwave, then it's time to go to the site and start choosing options for yourself.

Practically similar to the option presented above, the promotion "Smart Installment 0.0.36" operates. It differs not only in the reduction of payments by dividing the amount by three years, but also in the list of goods that fall under this promotion. According to heryou can buy a phone, refrigerator, laptops and TVs, tablets and much more. At the same time, the conditions immediately stipulate which goods it applies to. Also immediately warn that the number of goods is limited. As soon as they end, the promotion may be closed ahead of schedule.

If you want to pay off the loan as soon as possible, but it is still such, then especially for you - "Installment in "M. Video" 0.0.12". Reviews say that if the amount is not too large, then this option is one of the most convenient. In just one year, you will give the entire amount and will continue to use the purchased item.

Myths and reality

Not all buyers are satisfied with the terms of this promotion. Sometimes clients write that, having calculated the money paid for the due date, they found out that they overpaid a certain amount. How does it work? Are there really "pitfalls" in the form of hidden interest waiting for us here too? Let's go through the installment terms again:

• With this promotion, goods are purchased on credit without any prepayment and overpayment. So far everything fits.
• And then we see a footnote that says: "if you do not buy additional bank services." This is where problems can hide. These are insurance and various "standard" packages that customers often sign without even reading the contract.
• One more thing, the "no overpayment" mode is valid if the terms of payments and other conditions of the loan are strictly met.
• When registering at a bank or an online store, you may encounterthat the interest rate and amount will be different.
• By the way, if you apply for a loan online, the conditions will be more stringent. The loan term in this case is only up to 24 months, even if the stock is "0.0.36". But if you want to get an installment plan for a longer period, then go with the documents to the store or bank branch.

How is it that the bank gives you money at interest, and you get the goods without overpayment? It is for this that the special installment terms in M. Video 2017 work. Reviews confirm that the company makes a discount on the amount of interest paid to the bank. That is, the total amount you pay remains equal to the cost of the goods. If the bank additionally offers you insurance, then you have the right to refuse, but you need to do this at the stage of concluding the contract, and not after. After the transaction, you receive a loan repayment scheme in your hands, while the monthly payments are calculated in advance. It is very convenient.

What's the catch

Let's say you are interested in the installment plan in M. Video 0.0.12. Reviews emphasize that it is for this action that bank failures are the least, because the risks of the financial system are lower. Why does it turn out that as a result a person pays more than it should be? Here are some tricks:

• The most common case is the notorious insurance. In some cases, it can really help out, but only the client himself can make a decision. Sometimes managers are cunning and report that without insurance they will not approve, not evensending an application to the bank. In this case, your right to refuse the transaction and apply for another specialist.
• Another case where you are slipped an application with insurance already included. Ask to print the total payment schedule before submitting the application, in this case you can understand for sure whether you have been scammed or not.
• Only certain categories of goods participate in the promotion. What prevents managers from charging them by 20%, because approximately this amount will have to be discounted?!
• The interest rate of 8% is valid only for part of the loan term. For example, for the first 6 months, the specified interest rate is valid, which is covered by the discount made. But after that, the rate rises to 50%. If you did not manage to meet this deadline and repay the loan ahead of schedule, you will have to significantly overpay.
• The presence of indirect fees for granting a loan, for opening and maintaining a loan account, for issuing a card and much more.

Helpful tips

Don't rush to sign the papers and go home with the new technology. It may take a while. Thoroughly ask the manager about all the subtleties. You will need to carefully study all acts of treaties before signing them. Demand to print the payment schedule with the final figures. Insist on your reluctance to pay for insurance and other fees. Since it is said that there is no overpayment, then it should not be. Most of the reviews emphasize that it is in M. Video that the conditions are transparent, and if you carefully sign bank papers, you will do without an overpayment.

New in installments

To dateThe most desirable acquisition for many people is an expensive and prestigious phone, which means that the best offer may be an installment plan for an iPhone in M. Video. The reviews say that people did not even dream of getting an expensive novelty until they saw this offer. By splitting the price into 36 payments, you get quite a manageable amount, especially if you have a stable income.

Instead of a conclusion

Household appliances are changing faster and faster today. Old models become irrelevant, more progressive, convenient and reliable ones appear. Therefore, home appliances stores will never be empty. Today we have reviewed the conditions of interest-free installments in the M. Video chain of stores. According to the reviews, the company has a good service. Experienced consultants work in the trading floors, there is a warranty service, and most importantly, if the goods are sold under the action of 0% prepayment and overpayment, then this is so. It was described above what you need to pay attention to when signing contracts, so that later you will not be surprised that as a result you gave the amount more than expected.