There are a large number of financial service providers who offer household retail finance services. Household retail finance enables customers to buy houses, furnitures, household electronic appliances, sports cars, and other products. In case of household retail financing, the services of retail banking are available through the local branches of important banking institutions and financial services providers.
A variety of banks provide services related to household retail finance.
Postal savings banks
Community development banks
The products and services of household retail finance companies can be categorized into the following types:
Insurance: Auto insurance, health insurance, home insurance, renter’s insurance, and life insurance.
Credit cards: Mastercard, platinum card, store-branded cards, VISA card etc.
Savings account: Regular savings account, online savings account, student savings account, certificates of deposit (CD).
Checking accounts: Interest checking accounts, free checking accounts, student checking accounts
Mortgages: Mortgage loans, home equity
Automobile loan: New car loans, used car loans, auto refinancing.
Usually, the household retail finance companies offer loans for purchasing the following items:
Home and building products
Consumer electronic products
Household retail finance companies also offer some additional services which include mortgage refinancing, debt consolidation, credit management, investment consultations, taxation related financial services, and services related to identity theft etc.
With the availability of instant and online quotes of household retail finance products, it is easy for a customer to compare between a number of quotes and then go for the best option. For securing a household retail finance loan online, the process is simple and short.
The online loan applications are available 24 hours a day and 365 days a year and they are free of cost and secure. The application takes only a few minutes to fill out. People having poor credit history are also eligible for receiving household retail finance loans.
Last Updated on : 1st August 2013