A consumer loan will provide the possibility of paying for unanticipated purchases or bridge difficult financial situations. Costs can be calculated in advance (monthly installments) and there are also products with more flexible repayment models. However costs for such loans are high (15% annual interest at most). This is why it is always worth considering other possiblities before concluding a consumer credit contract. For instance: Deferment of payment or agreements for repayment in installments for existing debts (e.g. taxes) Loans from friends or family Leasing a car instead of buying Setting a credit limit on your bank account (e.g. for purchases)