With the surge in technological innovation for household products, Indians have embraced a better standard of living. Whether it is buying a washing machine to save valuable time spent doing manual chores or simply wishing to unwind with loved ones in front of the TV after a tiring day at work as the cool breeze from the air conditioner keeps you comfortable, the concept of easy living has made everyone’s lives simpler and better. However, many of these household products are costly and not everyone possesses sufficient liquidity of cash to purchase these amenities in one-go.
That’s when consumer durable loans come into the picture. A consumer durable loan is a financing option that essentially helps people get funding for household amenities and appliances. However, several people lack information about which products qualify for a consumer durable loan. Read on to find out the top household amenities that are bought using a consumer durable loan.
In today’s smartphone-led era, everyone wants to purchase the top phones and best phones. However, the best phones 2019 are often attached with a high price point. That’s why one of the best smartphones tips that you will ever come across is to buy the best smartphone in the market by applying for mobile loans which fall under the consumer durable loan category. You can even avail tailored loans that offer EMI mobile to purchase the top phones 2019 at your own pace.
2. Air Conditioner
After a long, stressful day at work, the last thing you want to face is the sweltering heat and excruciating humidity. And Owing to the global warming, air conditioners have transformed from a luxury into a necessity because all you want to do is unwind and relax comfortably in your own home. That’s why air conditioners have become one of the most sought-after items for loan seekers applying for consumer durable loans.
Laptops, computers and tablets all fall under the category of PCs. In today’s digital era, the Internet has become an indispensable part of our lives. Be it researching for school projects, filling university applications, giving college examinations and work-related tasks such as making presentations or contacting clients, all activities take place via laptops and computers. As a result, personal computers, tablets and laptops have emerged as a popular item for availing consumer durable loan amongst the masses.
4. Invertors and Generators
Despite possessing a wide number of household electric gadgets such as cooking appliances, television, etc.; none of it can be powered without electricity, thereby rendering the majority of the household amenities useless. And while metro cities do not witness power shortage, small towns and rural areas experience power cuts frequently, making generators their top reason for availing loans.
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