Terms of Buying Goods in Installments from DGShahr

This company has successfully addressed all the consumer pain points, offering a novel shopping experience. Currently, this shopping platform offers instant loans for various products including televisions, refrigerators, freezers, carpets, microwaves, coffee makers, tea makers, and more.

What Is DGShahr?

DGShahr is an online lending platform specializing in consumer goods purchases, offering a large number of loans for the purchase to its users, repayable over 60 months. Upon receiving the credit in their DG wallet, users can make installment purchases to get their desired products online. The effective interest rate for a loan from this company, payable over 60 months, is approximately 29%, significantly lower than other lending platforms.

DGShahr’s Chief Marketing Officer stated that the company is simplifying the loan application process even further. This company believes that fintech companies should increasingly provide affordable loans quickly and easily to users. Therefore, DGShahr has taken steps in this direction and is planning to increase the credit limit for various credit ratings, allowing users to access the full loan with only a check.

All About Installment Purchase Loan from DGShahr

Looking for a new laptop for your kid, or maybe a fresh fridge or dishwasher through installment purchase? DGShahr has you covered! We’ll walk you through the process of getting a loan to purchase the items you need. From the terms and conditions to the step-by-step application, we’ve got you with all the information you need:

Terms and Conditions to Get a Loan

The maximum loan amount is contingent upon your credit rating, banking history, and returned check history.

• If you are with an A credit rating, you can secure up to 60% of the total loan amount without a guarantor, solely by providing a personal check.
• If you are one of those with a B credit rating, you are eligible for a loan of up to 50% of the total loan amount with a single personal check.
• If you have both A and B credit ratings, you can obtain the full loan amount by providing two checks (personal and guarantor) or a salary deduction slip as collateral.
• If you have a C credit rating, you can receive up to 50% of the total loan amount with two checks (personal and guarantor).
• Even if you have no credit rating or a C rating, and you wish to get many products through installment purchases, you can access up to half of the total loan amount by providing a salary deduction slip and a guarantor’s check.
• Alternatively, you can obtain up to 40% of the total loan amount using a certified check.

Documents and Requirements to Apply for DGShahr Loans

To apply for a DGShahr loan, you’ll need to provide:

• Identification
• Proof of where you live
• Proof of your job
• An account in Bank Shahr and a good credit score.
• Employees need a recent payslip and a letter from their employer
• Self-employed people need a business license or business card, plus a rental agreement or deed for their workplace.

DGShahr Loan Application Process

You need to go through the following steps to request a loan from DGShahr for installment purchase:

Initial Information

Your information will be collected so you should provide your ID number, birth date, and job status.

Double-check for accuracy and ensure your ID and phone number match your name.

Your credit will be assessed in this step. The support team will review your credit history, and military service.

Loan Request

Your loan limit will be determined. However, the amount you can borrow depends on your credit and collateral.

Choose your collateral and select your preferred method of securing the loan. Then, if you need a co-signer or a guarantor, a code will be provided. During this step, you need to indicate the desired amount and repayment term.

Document Submission

In this step of the installment purchase loan, required documents will be requested and you should provide identification, residence information, and employment details.

Decide whether to bring documents in person or have them picked up.

Document Review

Your application will be reviewed and your documents will be assessed within two business days.

If your application is approved, you’ll proceed to the next step.

If you have a co-signer or guarantor, their documents must be approved as well in this step.

Loan Disbursement

You’ll need to submit your documents as specified. The DGShahr support team will contact you to schedule document pickup or a visit to a branch. If everything goes right, you will be credited with the installment purchase loan in a few days and then you can get whatever you need from the company itself.

Why Getting Consumer Loan from DGShahr

The benefits of requesting consumer loans for purchasing different products from this company are countless. Here are the most important ones:

• The entire process of applying for and receiving a consumer loan is done completely online, eliminating the need for in-person visits.
• Due to the online nature of the process, you can apply for a loan from anywhere in the country.
• The requirements for securing an installment purchase loan are straightforward and designed to accommodate a wide range of individuals.
• Contracts can be signed electronically through a secure banking platform, eliminating the need for physical signatures.
• DGShahr partners with a wide range of online retailers, offering a vast selection of products and services.
• Products available for purchase through this company include electronics, home appliances, jewelry, fashion, and more.

Conclusion

Purchasing home appliances and electronics has never been easier. With DGShahr, you can get a significant loan to purchase whatever you need, at unbeatable ratings. You can choose from flexible payment plans ranging from 12 to 60 months, allowing you to make purchases without any financial burden. Simply visit DGShahr, apply for an installment purchase loan, and purchase your desired products from top suppliers in the blink of an eye!

Source: DGShahr Website