The English Court granted in 20 days 70 million in loans for Christmas purchases
- In total, it has closed more than 100,000 contracts.
- Most of the Christmas Advance loan lines are 300 euros.
- The user can accumulate purchases made until January 5 and pay until February 28, 2015.
The English Court has closed in 20 days more than 100,000 contracts for Christmas purchases for an amount of more than 70 million euros , as reported by the distribution group on Monday, which has specified that most of the loan lines’ Advance Christmas’ are 300 euros, followed by those of 600 and 900 euros.
Specifically, about one third of the contracts correspond to the 300 euros loans, while the 600 and 900 euros loan lines oscillate around 20% each. By Autonomous Community, the one that more contracts accumulates is Andalusia, followed by Madrid, Valencian Community and Catalonia.
The community that accumulates the most contracts is Andalusia, followed by Madrid, Valencia and Catalonia
This initiative, which was launched on November 7 through Financiera El Corte Inglés, allows any customer to accumulate all those purchases that will be made in the face of the Christmas holidays and postpone payment based on their needs.
loans can be requested at El Corte Inglés and Hipercor establishments, although they can also be used at all Supercor and Supercor Express supermarkets in order to favor Christmas shopping both in the area of food and household, fashion, accessories , toys, sports, leisure, culture, that is, everything that involves a celebration party and gifts.
The user, who can accumulate purchases made until January 5, has a loan limit that is based on their needs and ability to pay.
In this way, you can request lines of loan of 100, 300, 600, 900 or 1,200 euros obtaining an immediate response. Once your request has been accepted, you will receive an ‘Advance Christmas’ card with the amount of the loan granted. From that moment, the client can use his loan both in the physical stores and in the purchases he makes through the Internet on the El Corte Inglés and Hipercor websites.
The company has highlighted that it is a pioneering initiative and unique in the market that allows to opt for different forms of deferred payment, depending on whether the user has a purchase card or not of El Corte Inglés. In all cases, the client can, as a minimum, postpone the payment of the loan granted until February 28, 2015 and settle it at once.
In addition, customers with El Corte Inglés purchase card can split the payment in three months without interest as of February 28.
Customers who do not have an El Corte Inglés card can benefit by submitting a payroll
The third option is to defer payment for an additional three months over which the client would pay interest on the remaining amount, that is, he would start paying on February 28 with a deferment of six months, the first three without interest and the following with interest but only about the pending amount.
Customers who do not have an El Corte Inglés card can opt for this new system just by submitting a payroll or proof of income and proof of direct debit, which allows them to postpone payment until February 28.
The card ‘Anticipo de Navidad’ is an additional line of loan that is added to the El Corte Inglés purchase card and the usual financing offered by the group, so the client can choose between any of the proposed options and even combine all these possibilities according to your needs.
This initiative has been accompanied by direct information actions for clients holding El Corte Inglés card.