Payment Methods. Execution of a purchase and sale agreement with the condition of installment payments
On May 15, 2015, Belarus completely switched to digital television broadcasting, so at the family council of the average Belarusian family it was decided to purchase a new TV. Liquid crystal. Import. And terribly flat.
While eating potato pancakes, they discussed the new TV
For reconnaissance, the family went to the 5 Element store, where they unanimously fell in love with the Samsung UE40J5550AUXRU, adorned with a price tag of 9.3 million Belarusian rubles.
Here he is, an elegant handsome man
Our family was quite ordinary - dad and mom raised two children, received 3.5 million rubles each and had no other loans.
This is where the backstory ends. The family was offered a choice of taking the TV in installments for 6 months, on credit for 1 year and in... some unknown “leasing”. Moreover, there were several loans from different banks, but only one leasing :)
When our heroes returned home, dad turned on the old laptop, and the family delved into studying all the nuances of the upcoming purchase.
And we found out that the rates offered in the store were still too high. It was worth the choice. It will result in the least overpayment, and you can pay off your financial obligations ahead of schedule (if dad’s salary is increased).
A big plus was also the absence of additional commissions and payments. The effective loan rate is 54% (it may be lower under certain conditions).
Therefore, the father of the family quickly wrote a formula, then it was transferred to Excel and the following calculations were obtained.
Annuity payment method (overpayment 2,938,747)
Differentiated payment method (overpayment 2,720,250) Then a call was made to Paritetbank, where a specialist previously confirmed that 3.5 million for dad and 3.5 million for mom would be enough to get a loan. You can apply for money right now, the main thing is to have income certificate
in 3 months. They promised to review the application within 3 hours and immediately issue the required amount. In your arms. By the way, they suggested where the nearest branch is located, which you can contact.
The main thing is to make lease payments on time and to ensure that the leased asset is non-consumable. In other words, so that it cannot be eaten, poured into a gas tank or put into a washing machine :) The TV fit all these parameters. In the store, a new service was offered by the Privat Leasing company. This interesting document was found on the lessor’s website.
Screenshot from lising.by
The data from this document was inserted into a formula in Excel to produce the following calculation.
Annuity payment for leasing (overpayment 3,523,357)
After this, a call was made to the Privat Leasing company.
“You can lease goods for 13 months,” explained the girl who answered the phone, “without a certificate of income, there will be an overpayment of 2.99% per month.” Do you want to register without a down payment?
-What is more profitable?
— If you apply without a down payment, you have 12 equal payments left. Payments will be 993 thousand 450 rubles.
— But you said leasing for 13 months...
- Yes, for 13 months - that is, if there is a down payment. It is considered as the first payment in the current month. And the next payment will go (for example, if you issued on May 15) until July 1. And if leasing is without a down payment, then you will need to make the current payment before June 1 (993 thousand 450 rubles).
— What if I make a 1 million down payment?
— Your monthly payment will be 886 thousand. That is, you deposit a million at once, and for 886 thousand you will still have 12 equal payments.
- And if suddenly there are problems with work, I won’t be able to pay. What will happen then?
— You will incur a penalty of 1% of the monthly payment for each day of delay.
- How long will she walk?
- Depending on how much you won't pay.
- Is there no fine?
— Is the installment plan in the “5th element” also from you?
- Yes. The installment plan is already without overpayments.
— Do I just break the cost into 6 parts and pay?
- No. Look. Installment plans are available only with an initial payment. Down payment from 20 to 40%. If you contribute 20%, this is 1.86 million. The remaining amount (7.44 million) is paid in equal payments over 6 months, 1.24 million rubles each.
— In this case, a certificate will also not be needed?
- Yes. Here, too, you will not need a certificate.
Perhaps other leasing companies will offer more favorable conditions? A call followed to Idea Finance JLLCScreenshot from the site:
www.ideafinance.by
However, over the phone, Idea Finance refused to explain any details of leasing transactions, but clarified that in fact a certificate of income is not needed. The main thing is to be a citizen of Belarus between the ages of 18 and 69.
A similar situation arose with the Easy Credit company. They confirmed that a certificate of income will not be required when drawing up a leasing agreement. But they did not go into details. They advised me to look at the list of partner stores on their website and contact them to draw up an agreement.
However, if the first page of the Easy Credit website loaded normally...
... then the store catalog stubbornly refused to load.
So, our family can take stock. And for clarity, summarize the findings in a table.
| Type of transaction | Overpayment | Certificate of income | Processing speed | Possibility of early repayment | Can funds be used for other purposes? |
| Borrow | 2 938 747
(annuity) 2 720 250 (differentiated payment) |
needed | within 3 hours | Yes | Yes |
| Leasing | 3 523 357 | need not | on site | Yes | No |
What happens?
Judging by the overpayment, a loan is more profitable. However, the family cheated a little with the loan. One of the most “profitable” loans was taken out, which will not be offered in the store.
If you look at the amount of overpayments on loans issued in stores, the minimum will be - 3 439 197 , and this is actually an overpayment for leasing.
Both the loan and the lease that were offered to our heroes can be repaid ahead of schedule. However, the money borrowed on credit can be spent on something else on the way from the bank to the store :) For example, on a refrigerator.
And it turns out that, judging by the offers at the point of sale, buying on lease is practically no different from buying on credit.
Except for one thing - a certificate of income is not required.
Draw your own conclusions. If you want to save money, you can take out a consumer loan from a bank rather than from a store - and then the loan solution will be more profitable. If you compare the loans in the store and the leasing offer there, it turns out that there are fewer problems with leasing.
Installment payment is a method of purchasing goods in which payment is made not in full, but in installments, within the terms specified in the agreement between the Buyer and the Seller.
When carrying out a purchase and sale transaction with the condition of installment payments, the Buyer receives the necessary property in ownership and monthly pays for it the amount of money specified in the contract to the Seller (monthly payment) in accordance with the purchase and sale agreement with the condition of installment payments.
Stages of a purchase and sale transaction with the condition of installment payments
Selection of property (goods)
The buyer determines what he wants to purchase (which specific product from the assortment available to the Seller). The buyer independently determines the product and its quantity.
The Buyer contacts the Seller with an order to purchase property (goods)
The Buyer places an order for the purchase of goods (with the condition of installment payments) through the Seller’s website, or by contacting the Seller by phone.
The Buyer's form is completed
The seller fills out the form required to conclude a purchase and sale agreement with the condition of installment payments.
Making a decision to conclude a purchase and sale agreement with the condition of installment payments
The Seller, based on the questionnaire provided by the Buyer, decides on the possibility of concluding a purchase and sale agreement with the condition of installment payments. The Seller informs the Buyer about the decision made.
Demonstration of goods to the Buyer
Before concluding a purchase and sale agreement with the condition of installment payments, the Seller demonstrates the goods to the Buyer. The demonstration includes inspection of the product, testing its properties and performance, unless this is excluded due to the nature of the product, as well as the Buyer checking the technical characteristics of the product, its description, quality and configuration. Products are displayed in assembled and technically sound condition.
Concluding a purchase and sale agreement with the condition of installment payments
After demonstrating the goods, the Buyer familiarizes himself with the purchase and sale agreement with the condition of installment payments and, if he agrees with the terms of the agreement, signs it.
Transfer of property (goods) to the Buyer
The Buyer pays the down payment if it is provided for in the purchase and sale agreement with the condition of installment payments, after which the Seller transfers the property (goods) to the Buyer.
Transfer of ownership of the subject of the sales contract (goods)
The ownership of the subject of the purchase and sale agreement (goods) is transferred to the Buyer at the moment of transfer of the goods from the Seller to the Buyer. The fact of transfer of goods from the Seller to the Buyer is confirmed by the Transfer and Acceptance Certificate.
Execution of a purchase and sale agreement with the condition of installment payments
The client makes payments in the amount and within the terms specified in the purchase and sale agreement with the condition of installment payments.
Yes. The price remains unchanged for the entire installment period.
What additional payments are there?
None. The price indicated on the website is final.
Is there a down payment?
Yes. The down payment is paid upon receipt of the goods through a bank terminal. The amount of the down payment is determined by the terms of the installment plan provided and is indicated on the product page.
When do you need to pay installments?
Until the 1st of every month.
For how long is the installment plan available?
The installment period is displayed on the product page
Which bank provides installment plans?
Installment plans are provided directly by the online store.
What are the methods of paying for goods in installments?
RUE "Belpochta", OJSC "Belgazprombank", ERIP and other payment acceptance points specified in the purchase and sale agreement or on the website.
How to pay through ERIP?
You can pay for the services of PrivatLeasing LLC through the Settlement (ERIP) system, in any place convenient for you, at a time convenient for you, at a banking service point convenient for you - Internet banking, using mobile banking, information kiosk, cash desk banks, ATM, etc.
Payment can be made using cash, electronic money and bank payment cards at banking service points of banks that provide payment acceptance services, as well as through remote banking tools.
To make a payment you must:
- Choose
- Item “System “Calculation” (ERIP)
- Financial services
- Leasing
- PrivatLeasing
- To pay enter Contract number
- Enter the payment amount (the default field will be your current debt)
- Check the information is correct
- Make a payment
If you make a payment at a bank cash desk, please inform the cashier about the need to make the payment through the “Settlement” system (ERIP).
Payment upon receipt
Payment by installment card "Halva", "Purchase Card"
Payment by installments
Payment on credit
Online payment
Cashless payments
Cash payment
You pay for your purchase in cash and receive all official documents: payment receipt confirming the fact of purchase, warranty card, technical passport and operating instructions.
Payment accepted exclusively in Belarusian rubles . We will be very grateful to you if you save time for yourself and our forwarder by collecting the order amount without change.
Payment by bank card
You pay for your purchase with a bank card and receive a confirmation of the purchase, a warranty card, a technical passport and operating instructions, as well as a receipt from the terminal confirming the completed bank transaction on your card.
Our courier service is equipped with the latest mobile terminals, so you don’t have to worry that your card won’t fit. Plastic cards of all banks in the world, belonging to both citizens of the Republic of Belarus and foreign citizens, are accepted for payment.
Payment at pick-up points is made in the usual way at the store's cash desk.
Payment by card in installments Online
In order to pay for your order by installment card online, you must select a payment method when placing your order in step 2 "Pay by card in installments Online" and in the list that opens below, select the desired installment card and the appropriate installment period from those available for the goods in the cart.
After placing your order, click on the button "Go to the payment", you will be redirected to a special secure payment page of the processing system.
The payment page will indicate the order number and payment amount. To pay, you need to enter your card details and confirm the payment by clicking the button "Pay".
Payments by Halva installment card are carried out through the bePaid electronic payment system. The payment page of the system meets all data transmission security requirements (PCI DSS Level 1). All confidential data is stored in encrypted form and is highly resistant to hacking.
In case of cancellation/return of goods, the refund is made to the card from which the payment was made, and the period for receipt of funds on the card is from 3 to 30 days from the date of the return by the Seller.
Payments by Shopping Map are carried out through the electronic payment system from OJSC Belgazprombank. The payment page of the system meets all data transmission security requirements. All confidential data is stored in encrypted form and is highly resistant to hacking.
If your card supports 3-D Secure technology, you will be asked to complete a standard one-minute cardholder verification process on your bank's (the bank that issued your card) website.
After payment, our manager will contact you using the method you specified to clarify delivery details.
Please note that after the payment has been made, a payment confirmation will be sent to your email address. We ask you to save your payment details.
Payment by installment card in a retail store
Installment card No. 1 "Halva" from MTBank
Installment periods are 6, 12 and 18 months for a limited list of goods, which are marked with the appropriate sticker
The installment period is 2 months for all goods, except for goods participating in other promotions.
“Shopping card” from Belgazprombank:
The installment period is 3 months for all goods, except for goods participating in other promotions.
Installment card"MAGNIT" from Belarusbank:
The installment period is 3 months for all goods, except for goods participating in other promotions.
In order to pay for your order with an installment card upon receipt of the goods in a retail store, you must select a payment method during checkout in step 2 "Payment by installment card in a retail store" and in the list that opens below, select the desired installment card and the appropriate installment period from those available for the goods in the cart. Payment by installment cards is made at the checkout of the retail store 5 element after inspection and verification of the goods.
Installment plan Online in 5 minutes
Installment plans are processed online through the Interbank Identification System (ISI) without a paper agreement or scanned copies of documents. The bank sends a response about consideration of the application via SMS to the phone number specified in the application form.
Installments in 5 minutes are issued by Bank BelVEB OJSC:
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Loan repayment is carried out:
Bank payment card of any bank (except for the card of OJSC Bank BelVEB) - through the payment system "Raschet" (ERIP)
Cash:
at the cash desks and exchange offices of OJSC Bank BelVEB;
in ATMs and self-service payment and reference terminals of OJSC Bank BelVEB and partner banks, marked with the SBS logo
Bank payment card of Bank BelVEB OJSC, using remote service channels:
in the Internet banking system;
at ATMs and self-service payment and information terminals of Bank BelVEB OJSC and partner banks, marked with the SBS logo.
Installment plan by phone
Send a scanned copy of the last pages of your passport to your email address and arrange an installment plan without leaving your home!
In the online store "5 Element", installment plans by telephone can be arranged in the following banks:
You can find out more about the terms and conditions on the page "Credit and installments "
Loan calculator
Loan repayment CJSC "VTB Bank" carried out:
www.e-pay.by
Installment plan in a retail store
The following banks are the partners of "5 Element":
- CJSC "MTBank"
- CJSC VTB Bank
*Your work experience at your current place of work must be at least 3 months
Loan repayment CJSC "VTB Bank" carried out:
in branches of RUE "Belpochta", in branches and ATMs of CJSC VTB Bank (Belarus), through the "Raschet" system (ERIP), www.e-pay.by , cash-in of VTB Bank (Belarus)
Dear clients, please note that when completing a loan transaction with VTB Bank, the original loan agreement can only be picked up at a VTB Bank branch by first calling +375 17 3091515.
Credit Online
In the online store "5 element" a loan is issued in the following banks: 
Send a photocopy of the last pages of your passport to your email address and get a loan without leaving your home!
*Your work experience at your current place of work must be at least 3 months
You can find out more about the terms and conditions on the page "Credit and installments "
To calculate your monthly payment, please use the Loan Calculator. After payment, you will be offered loan products with the most favorable conditions for you.
Loan repayment CJSC "VTB Bank" carried out:
in branches of RUE "Belpochta", in branches and ATMs of CJSC VTB Bank (Belarus), through the "Raschet" system (ERIP), www.e-pay.by, cash-in of VTB Bank (Belarus)
Dear clients, please note that when completing a loan transaction with VTB Bank, the original loan agreement can only be picked up at a VTB Bank branch by first calling +375 17 3091515.
Retail store credit
Credit in a retail store is quick and easy!
Equipment on credit in the “5th element” is a very convenient way for every person to purchase useful and necessary things in everyday life.
To apply for a consumer loan, you need a passport.
*Your work experience at your current place of work must be at least 3 months.
You can find out more about the terms and conditions on the page " "
The purchase price may exceed the maximum loan amount. In this case, it is better for you to contact credit consultants who will offer you options for credit programs.
By buying a refrigerator on credit, a camera on credit, a TV on credit, you get the opportunity to purchase more expensive and advanced models, the cost of which is too high for a one-time payment.
You can always check with bank consultants in the “CREDIT” departments located in retail stores of the “5 Element” network for credit offers for purchasing equipment.
Loan repaymentCJSC "VTB Bank"carried out:
in branches of RUE "Belpochta", in branches and ATMs of CJSC VTB Bank (Belarus), through the "Raschet" system (ERIP), www.e-pay.by , cash-in of VTB Bank (Belarus)
Dear clients, please note that when completing a loan transaction with VTB Bank, the original loan agreement can only be picked up at a VTB Bank branch by first calling +375 17 3091515.
System "Calculation" (ERIP)
- Add the products you are interested in “ADD TO CART” and click the “Place an order” button. In the “Payment methods” list, select “System “Settlement” (ERIP)” and click the “Place an order” button. Fill in your contact information and click the “Confirm order” button. Your order has been processed by us.
- After agreeing on the details and confirming the order, we send a unique “Payment Code” by email or sms, which is active for 1 day. The message will also detail the path to our online store in the service tree of the Settlement System (ERIP).
- On the website of the Internet bank, Webmoney, EasyPay systems, or in the payments section at an ATM, payment terminal or mobile bank, find and select the item that contains the name of the "Settlement" or ERIP system (for example, in the Internet bank - the "Settlement" System (ERIP ), on the EasyPay website - simply ERIP).
- Select the “Online stores/services” item, then you need to select a group of stores by the first letter (number) of the name and the name of the online store itself, which will be precisely indicated in the email (SMS) message along with a unique code for payment. Enter this code in the “Payment code” field, click “Next”, check the invoiced amount and confirm the payment.
- Print or save payment receipt- it will need to be presented upon receipt of the order.
If the client refuses the goods, the money will be returned in full. The refund period can be up to 20 days. Refunds are made by postal order only.
More detailed information about the capabilities and advantages of this payment system, as well as about payment acceptance points, can be found on the website of the "Raschet" (ERIP) system.
Payment by plastic card online
Payment is made via the Internet in real time immediately after placing the order.
Payment processing is carried out on the hardware and software complex of the electronic payment system using a secure data transfer protocol to the payment server.
The procedure for paying for an order by credit card on the Internet:
- Check whether the bank card is intended for online payments (this information will be provided by the Bank that issued your plastic card).
- Add the products you are interested in “ADD TO CART” and click the “Place an order” button. In the “Payment methods” list, select “Online payments by bank cards” and click the “Place an order” button. Fill in the delivery information and click the “Confirm order” button. Your order has been processed by us, to pay for the goods, click the “Proceed to payment” button.
- The online store will redirect you to the authorization server for online payments.
If the client refuses the goods, the funds are returned in full and without any commissions. The period for returning funds to the buyer's account can be up to 30 days, depending on the issuing bank.
Upon receipt of the goods, a warranty card, technical passport and operating instructions are issued.
Cashless payments
In order to pay for your order using this method, you need to click the button in the cart "Checkout" then in step 2 in the payment methods select the item "Cashless payments" and correctly fill in the details of your organization in the form fields and click the button "Confirm data entry"(the button is only available if all data has been entered correctly). Then fill out your contact information in step 3 and confirm your order by clicking on the “Complete checkout” button.
Based on the details you entered, our employees will generate an invoice and a delivery agreement. The invoice is valid for 5 banking days. VAT is included in the price of the goods and is highlighted as a separate amount in the invoice. The goods are shipped immediately after payment is received into our account.
Read more about possible discounts and placing an order in the section "Buy by bank transfer"
Happy shopping!