Black Friday is nearly here, a day packed with discounts that often tempts people to pamper themselves and start checking off Christmas gift lists.
Recent data from a financial analysis firm called Banqmi shows who tends to lead the purchases on this day. Hispanics aged 26 to 45 represent about half of all shoppers, and women purchase more than men, contributing a little over half of the total volume.
Some shoppers may want to take advantage of Black Friday but worry about funds. That’s one reason why loans exist: to provide a financial bridge during a busy shopping period. Banqmi’s market insights aim to highlight loan options most relevant to consumers at this moment.
Among the lenders attracting attention, Banco Sabadell offers a pre-approved loan up to 60,000 euros for eligible customers. The product comes with four profile-tailored options if the lender’s criteria are met, and it does not require a formal credit assessment in advance. The advertised interest rate is around 3.95% with a comparable rate of 4.49% in another tier.
Access to this product is through Banco Sabadell’s digital channels, the customer portal, or the mobile app.
BBVA is another prominent option, featuring a representative rate of about 7.70% and an annual percentage rate near 8.83%, with borrowing limits up to 75,000 euros and a maximum repayment term of eight years. Eligibility typically includes formal payroll documentation and a banking history meeting the lender’s criteria, including at least three years of account activity.
Bank Norway offers loans ranging from 500 to 50,000 euros, with a representative rate around 8.99% and an APR near 9.73%, conditioned on regular income, no active defaults, and a minimum age of 23.
Younited Credit presents a fixed-rate option with approximately 7.55% rate and 7.99% APR. Applicants usually need an identity document, income proof, banking details, and a bank statement to qualify.
For some shoppers, loans are not the only financing route. A credit card can provide convenient and secure funding as an alternative.
Banco Sabadell’s pre-approved credit card, for instance, may offer cashback and swift, card-based online transactions which can simplify year-end spending. Cards may also feature virtual options for quick, secure payments.
Retailer loyalty programs also play a role. Stores such as Zara, Mango, and Cortefiel often offer loyalty cards that enable financing on purchases. It’s important to note that carrying a balance repaid over a longer period typically increases the total interest paid.
In summary, Black Friday can be a smart moment to finish pending purchases using the right financial tool. The best choice depends on individual circumstances and careful comparison. The key is to choose a financing option that matches needs and to borrow responsibly, avoiding excessive debt.