What is ‘Buy now, pay later’?

Buy now pay later is a system of payment, facilitated by certain providers, which allows for one to purchase a product at any given time, only having to pay for after the fact, when one is better suited to do so. Sometimes it is paid for all at once, and sometimes the payment is completed via a series of small instalments. This service can be undergone for as long as eight weeks in some cases, and at times, even longer, depending on the retailer and the provider of the service. There is often a cap upon how the price at which buy now pay later is an acceptable option.

Pros

The chief and obvious benefit of buy now pay later is that it allows one to, in the moment, make a purchase of an item which they would be otherwise unable to buy. This seems particularly useful for young people and lower income earners as it stretches the scope of possibility for them, and enhances their buying power.

Another benefit of many providers of after pay is that it often comes without interest or fees, and indeed, without needing to wait hefty stretches of time in order to receive their items.

Cons

The chief detriment of after pay, it must be said, is one which is invisible to the overwhelming majority of its potential users. The fact is, that the use of buy now pay later products sharply decreases one’s ability to receive a loan or finance, however unfair or unreasonable that may seem. The fact is, that when a lender can see on one’s credit history that they’ve made use of the service, even if it were for only a small sum of $500, and over the course of four weeks months prior, the lender is very likely to count this payment as a liability, and refuse to give you finance, even if your payment is completed successfully.

Another detriment, although in control of the user and therefore not intrinsic to the system of buy now pay later, is the fact that through its wanton use, one can rack up a very hefty debt, through the process of purchasing things which they, in reality, may not be able to afford.

So?

Whilst buy now pay later may be, for some people, a very handy and convenient system which seems to enhance their purchasing power, the sharp detriments associated herewith must be kept in mind. If buy now pay later is made use of, it must be used with utmost care and premeditation.

Get Into A New Boat This Spring

Introduction

The real Australia is, above all else; a nation defined by its shores and beaches. All of our great country’s major cities sit hereupon, and amongst its nearly 25 million citizens hardly one can be named who doesn’t love a good day out on the sand. Indeed then, it’s no surprise that Australia is, simultaneously, a nation in love with boats and boating; from fishing to speed-boating, and cruising to sailing, almost each and every one of us has dreamt of what it could be like to captain our own vessel, and launch of from the pink and pleasant sands into the rolling, azure hills of Pacific, even if it were only for a little.

It is no exaggeration to say that the boat is a fundamental part of living the Australian dream; of course, Captain Cook first discovered this land by boat, and the first settlers hereof all came in the first fleet by boat. More than that, many if not most of the later settlers and migrants to our great country made their ways here on boats, and many had their first experience of the land of the southern cross in one its great cities’ harbours. So how can you get your hands on a boat of your own this spring? How can you live in the spirit of Australia and set sail in the oncoming heat? Read on to find out.

Considerations

There are several considerations to account for when seeking to purchase a boat of one’s own. Firstly, the use of the boat. Will it be for oneself alone, or for a family or group of friends? Is it for fishing, or joyriding? Luxury, or utility? These are all factors to consider in deciding upon the specific make and size of the boat which one intends to purchase. The build of the boat will, of course, serve to inform the price range at which one will be looking. For example, a luxury yacht meant for the whole family will call for a decidedly higher price than a one-man fishing or speed boat, with a speedboat costing around $20,000 on average, whilst a yacht’s price can often range well into the millions. In addition to the upfront cost, theres also that of maintenance; repairs, fuel, spare parts, stock and more, which, in totality, can rack up to a rather high price in the long run.

How Natloans Can Help You

Now that considerations have been taken, and a decision as to what you wish to purchase has been made, it’s time to work out where to find the money for your boat loan. The fact of the matter is, bar in exceptional cases, one very rarely has the loose change hanging around to afford a brand-new boat upfront. So what are your options? The first is saving, of course, but to really be able to get what you want, right now when you want it; the best option is to take out a loan.

Natloans’ Asset Department has specialised for many years in delivering stellar results in specifically tailored boat loan solutions to customers, under the category of ‘Leisure Loans’. No matter what type or size or brand of boat you’ve decided on, our team will have you covered with loan solutions to fit any person’s needs, wants, and means! Call us now to get yourself into a boat this Spring!

Fund Getting Married

You’re finally ready. You’ve met the perfect person and you’re ready to tie the knot and spend the rest of your years together. Congratulations! Now it’s time to make arrangements for the big day! But, whether it’s a white wedding in wonderland or a simple sea-side ceremony, perfection is almost never cheap. So, how can you afford to make the perfect day truly perfect without having to worry about dealing with the aftereffects of its throwing?

First, Let’s Discuss The Engagement Ring

This, proportionate to its size, is probably going to be the most expensive part of any betrothal. The average person will spend $6,000 on a diamond ring, with some even going as high as $10,000, and the upper end rings, depending on the gem and the fitting, even costing as much as $40,000! The general advice is to spend two month’s salary on an engagement ring, although nowadays this rule of thumb is beginning to faze out.

If one cannot afford an engagement ring of this price due to financial obligations and situations, but is still very much keen to purchase one for their bride-to-be, an immediate recommendation would be to consult with a loan writer to try for a personal loan, which would come under the ‘Wedding’ category. This would allow one to get the money needed to purchase their desired ring, whilst paying off the loan in the long term, making possible what was previously perhaps unthinkable.

A second piece of advice may be to consider a non-diamond ring. Most women will still want a diamond, but certainly not all do, and indeed, as time has marched on from the height of the campaigns of the DeBeere monopoly, more and more folk have found themselves free from the spellbinding notion that “only diamonds are forever”. Therefore, there’s certainly no harm in choosing a different gem for your engagement ring, and indeed, to do so is in many ways better than not, as it adds a certain uniqueness, care and thoughtfulness to the decision surrounding your engagement. Perhaps buying a ring encrusted with your partner’s birthstone could be an option, or one unique in some way to you and your partner’s history or person, for example; if your bride-to-be is Italian, to buy her a ring of Red Coral (Italy’s national gemstone) could be a bright idea. Doing research into the meanings of different gems can therefore go a long way in ensuring that the one which you choose could make the ring not only a lot less costly, but also a lot more special and meaningful to you, and your future spouse.

Even so, if one finds themselves overwhelmed by the costs of the ring still, the option of a personal loan, or wedding loan is always on the table, and much recommended by many.

The Honeymoon

Now that we’ve covered the before, it’s time to discuss the ongoings after the wedding. Marriage is a wonderful milestone well worth celebrating long after the fact, and a honeymoon is the perfect way to go about it! Of course, the cost thereof will vary depending on whether a couple decides to travel abroad or remain domestic, and also upon the length of the honeymoon itself, but all thing considered, in most cases, a couple will choose to go all out for celebration’s sake. For example, one wouldn’t think it fitting to spend your first month of matrimony under the roof of a two-star hotel, would you? Accomodation, in combination with living costs, travel costs and other expenses can rack up a sizeable bill, with most honeymoons ranging between the cost of $5,000 to $10,000.

Now, how can this price be tackled? There are several ways in which it can be gone about, both of which through means of a personal loan solution. Firstly, one can take out a loan under the umbrella of it being a travel loan, if indeed it is the case that one chooses to go travelling. The average travel for which you could be approved is more than enough to cover the cost of a honeymoon of the scale previously mentioned. Secondly, one could also fund their honeymoon by way of a personal loan under the umbrella of a ‘Wedding’ loan. This loan could be seperate to that which covers the ring and the ceremony, or it could be conjoined therewith.

Either way, it must be known by the married-to-be that despite the seemingly daunting cost, it is perfectly possible to cover the costs and win the perfect honeymoon for them and their beloved, through means of finance and loans.

Now, For The Wedding Itself

As previously mentioned, the wedding ceremony can be an extremely expensive (though not to say not worthwhile!) process. When one accounts for the price of venue, catering, entertainment, photography, and off course; the dress, as well as all the other factors, the cost of a wedding may tally well into the tens of thousands. Not to worry though, as there are several solutions to help alleviate the cost of planning your special day.

Firstly, parents and grandparents are often more than happy to chip in to the cost of the wedding, which may serve to alleviate the cost somewhat. Secondly, by creating a plan for saving up money, one may find themselves not needing any help at all!

But in all likelihood, one will not be able to save up enough to afford the cost of their perfect wedding without feeling the financial sting, and frankly, they may feel it untoward to be asking for too large a hand out from their and their spouse’s family, so what then? As previously mentioned, wedding loan or personal loan can be a brilliant solution to help cover the costs of your betrothal, with all things accounted for then and there, and the cost only needing to be tended to very gradually and easily later on.

Natloans has a team of experienced staff who have, over the course of the last two decades, written thousands of personal loans and very many wedding loans to assist people such as yourself to make their special day all the more, stressless, harmonious and perfect! So if you’re looking for financial help in affording your wedding, call Natloans today! Your wedding day only comes once, so why hold back from making it the day that you’ll never forget?