Wednesday, December 11, 2019
Loans

Smart home with a loan finance

Woman holding a smartphone with a smart home application in her hand - CreditPlus Credit Magazine

Control the light via smartphone and be reminded by the fridge to the purchase – the topic of smart home is becoming increasingly interesting for the German citizens. 

As a representative survey commissioned by our shows, for many, a loan is also conceivable to finance the smart facility. Smart Home devices are increasingly finding their way onto the mass market.

Credit for the Smart Home: Wi-Fi doorbell is particularly popular

Credit for the Smart Home: Wi-Fi doorbell is particularly popular

39 percent of respondents would borrow for smart home devices. At 15 percent, the largest share is interested in a Wi-Fi doorbell, which shows who is at the door by video transmission directly on the smartphone. But even an intelligent refrigerator, which checks the shelf life of food and possibly reordered, is on the wish list for 13 percent of respondents. Just as many Germans would take out a loan to afford a sound system integrated into the living room wall. An interactive cooktop with integrated recipe database, which is networked with the refrigerator and thus checks the availability of the ingredients – that’s what ten percent of Germans would like. Also popular is an alarm clock that simulates the sunrise, bed pads that analyze sleep, and a sofa with touch sensor that adjusts the seat as needed. Even for a connected with the fitness bracelet Bluetooth balance, an on-the-go oven or a sofa that turns on indirect motion by motion sensor, still seven percent would take a loan.

Smartphones as a pioneer for smart home devices

Smartphones as a pioneer for smart home devices

Overall, the buying mood of the Germans is good when it comes to furniture: 95 percent of respondents plan within the next year, money for new purchases in this area – 31 percent even want to spend 1,000 euros or more. Here, purchases in the smart home sector seem to be gaining in importance. John K. Ortiz, Chief Executive Officer of our bank, sees smart home devices on the threshold of the mass market. In his view, the widespread use of smartphones is an important prerequisite. “On the one hand, they serve as a mobile and familiar control device in which all functions converge centrally,” comments Ortiz. “And they’ve made consumers accustomed to networked, versatile digital solutions in their everyday lives and appreciate the benefits.”

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