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CONSUMER DURABLE LOAN

WHAT IS A CONSUMER DURABLE LOAN?

A Consumer Durable Loan is an option that helps you finance your purchase of consumer durables. This class of products includes household appliances or electronics such as TVs, refrigerators, air conditioners, washing machines, microwaves, home theatres, laptops and much more.

By obtaining a Consumer Durable Loan online, you can buy these products and repay the cost of the purchase over a convenient period ranging from 6 months to 24 months. 

So, have you been waiting for a long time to save money and buy the products you desire? Tata Capital’s Consumer Durable Loans can help you in making your purchases today, that you had put off for tomorrow. Through our 0% EMI facility you can buy big and pay small. In other words, you can purchase home improvement products like a new microwave or a giant refrigerator and make repayments through the monthly EMIs.  We require minimum documentation and provide on-spot loan approval. Don’t delay your aspirations any further. Now, you can go ahead with confidence and make life easier for you and your loved ones

ABOUT CONSUMER DURABLE LOANS

A better and more comfortable lifestyle is now within your reach. With the customers’ individual desires and needs in mind Tata Capital’s Consumer Durable loan covers 100 + lifestyle products from that giant TV to the home theatre system. We offer 0% interest on most of the consumer durable products and are the one-stop solution for your every needs.

Our flexible EMI options make repayment hassle-free. Now you have the power to ask for more and get it too!

Disclaimer: Consumer Durable Loans are originated and serviced by Tata Capital Financial Services Limited and are at its sole discretion. Terms and Conditions apply.

Know more about our offerings

Key Features

Loan Amount

₹10,000 - ₹5,00,000

Loan Tenure
6 - 24 months
Interest rate starting at
0%

Advantages

0%* Interest

We offer consumer durable loans at 0%* interest and minimum payments. We don’t ask for any security deposit on our Consumer Durable loans.

Instant Approval
You can now check your eligibility online in just 2 minutes. With our on-the-spot approvals, you can start shopping for anything, anywhere. The application process for the consumer durable loans is simple and easy.
Minimum Documentation
You need to submit your primary details and basic KYC documents for application of Consumer Durable Loan.
No Foreclosure Charges

We put your needs above everything else. If you want to prepay your loan before the agreed tenure, we give you an option to foreclose your loan without paying any additional charges.

0%* Interest

We offer consumer durable loans at 0%* interest and minimum payments. We don’t ask for any security deposit on our Consumer Durable loans.

Instant Approval
You can now check your eligibility online in just 2 minutes. With our on-the-spot approvals, you can start shopping for anything, anywhere. The application process for the consumer durable loans is simple and easy.
Minimum Documentation
You need to submit your primary details and basic KYC documents for application of Consumer Durable Loan.
No Foreclosure Charges

We put your needs above everything else. If you want to prepay your loan before the agreed tenure, we give you an option to foreclose your loan without paying any additional charges.

Three ways you can upgrade your life with the Consumer Durable Loan

Upgrade your electronic gadgets

Electronic gadgets make our lives comfortable. Sometimes, we need them to even further our career aspirations. So, whether it is a laptop that will enable you to do all your office work or a mobile phone that keeps you connected to your loved ones, we believe you deserve the very best. With Tata Capital’s Consumer Durable Loans, you can buy what you want and repay the borrowing through flexible consumer durable loan EMI options and tenures.

Upgrade your home

Ever wanted to become a better baker? You can now buy the top-of-the-line microwave and oven grill. You can even purchase a smart television or a new washing machine that makes laundry a breeze. There is no limit to how you can make your home better and more beautiful. We want you to live the best life possible.

Upgrade your lifestyle

Want to visit an exotic location? You can use Consumer Durable Loans to upgrade your lifestyle and make it more desirable. With 0% interest and minimum documents, you can now head off on your long-awaited vacation.

What are the basic requirements in getting the loan approved?

We have built a simple process to make sure you can start shopping as soon as possible. For swift approval:

  • Keep your Identity proof such as your Aadhaar or PAN Card number handy

  • Keep your address/residential proof ready

Please check the Eligibility and Documents page for more details.

FEATURES AND ADVANTAGES

Instant Approval

We don’t keep you waiting, and we enable you to reach your goals faster. With our on-spot loan approval, you can start shopping for anything, anywhere, right away!

Minimum Documentation

We would need your basic KYC documentation to process your loan.

Pre-approved EMI Card

We value our existing customers and try to give them the preferred treatment. If you are an existing customer with Tata Capital, we extend a pre-approved EMI card. Just walk into any of our partner stores with the card and use it to buy products that your heart desires.

No Foreclosure Charges

We put your needs above everything else. You can foreclose your Consumer Durable Loan whenever you want, after you’ve paid the first EMI. We don’t charge any additional fees for foreclosure.

Special Offer from Group Companies

When you partner with us, you automatically become eligible for a number of exclusive offers from group companies. Some of our partners include Tata Sky and Star Bazaar. Our offers will put more money in your pocket. Now, you can spend more to save more.

What is a consumer durable loan EMI calculator?

The Consumer Durable Loan EMI calculator helps you understand the EMI that you are comfortable to pay towards the principal payments and interest payments over the loan tenure. Use the EMI calculator to know how much money you can pay monthly over a course of time to repay your loan. With the help of the EMI calculator, you can plan your monthly instalments and conveniently pay off the loan.

What are the products you can avail when you apply for a Consumer Durable Loan?

Consumer Durable Loans have made purchasing extremely easy for people looking to buy products like smartphones, TV, home appliances and other electronics. In addition to reducing the initial cost of purchase, a consumer durable loans also give consumers an option to buy now and pay later, making it possible to take home the product immediately.

Listed here are the products approved for a consumer durable loan from Tata capital.

  • Smartphones

  • TV

  • Refrigerator

  • Air conditioner

  • Washing machine

  • Microwave

  • Home theatre

  • Laptop.

6 REASONS TO CHOOSE US

Tata Capital a name you can trust

With the customers’ individual desires and needs in mind, our team at Tata Capital guides you at every step and offers specific financial solutions.

We offer 0% interest rates

We let you tailor everything according to your convenience and ability to repay.

We’re flexible

Our Consumer Durable Loan lets you choose the loan amount, tenure and EMI period for which you need the loan.

We are not going to make you run around

We only ask for minimal documentation to process your application. We just need some mandatory information like the source of your income and the purpose of the loan.

We offer tailor-made loans

Our personalized approach gives us the edge and has left countless of our customers satisfied. You are not just an application form to us. We understand that one size doesn’t fit all.

We’ve been in the industry for a long time

This means we understand your needs and we will tailor our services to your needs. If you look good, we look good too.

FAQs

A consumer durable loan from Tata Capital can be used to purchase a variety of durables like appliances and gadgets. Currently, you can avail of a consumer durable loan from us to purchase the latest items in the following product categories.

 

  • Mobile Phones

  • Laptop

  • Air Conditioner

  • Washing Machine

  • Microwave

  • Refrigerator

  • Home Theatre

  • TV

    With a consumer durable loan from Tata Capital, the best and the latest gadgetsare easily available to you on affordable EMIs that cause you no financial burden. Tata Capital also offers no-cost EMI for consumer durable loan that support the purchase of furniture and other lifestyle products, so you can improve the quality of your life significantly without any sizable financial outlay.

Availing a consumer durable loan from Tata Capital is simple and straightforward. We believe in causing no inconvenience to the consumer at any cost, and therefore, we’ve developed a quick and easy process that you can follow to obtain a consumer durable loan. Here’s a step-by-step guide for applicants.

Walk into any of our partner stores and make use of our easy EMI scheme to purchase the consumer durable product of your choice.

Select the product you want to purchase from any of our partner stores and opt for EMI card.

Contact Tata Capital’s representative at each of our partner stores to obtain an EMI card.

Submit the required documents to the representative at your store of choice.

Walk away with your favorite product and convert the cost to EMIs. 

An EMI card is a product that gives you access to a pre-approved loan limit. You can use this card to shop for electronics and appliances within the limit, and thereafter, you can convert the cost of your purchase into EMIs.

 

Tata Capital’s Simply Shop EMI card is a smart card that comes with a pre-loaded, pre-approved limit. This allows you to make your purchase in a smarter and more convenient manner. All you need to do is present the EMI card in authorized dealerships and repay your purchase price using easy EMIs.

Applying for Tata Capital’s EMI card is an easy process. Here’s all you need to do.

Step 1: Visit any of our partner stores. Our partner stores are located in all major cities and towns in the country.

Step 2: Select the product you want to purchase and opt for EMI card.

Step 3: Submit the documents as per the list. These documents include identity proof, address proof, and income proof.

Step 4: Get your Simply Shop EMI Card number instantly. You can use it to convert your purchase cost into EMIs.

Here’s everything you need to know about consumer durable loan eligibility factors: 

Criteria

Salaried applicant

Self-employed applicant

Minimum age

21 years

21 years

Maximum age

60 years

65 years

Minimum amount of loan that can be availed

₹ 10,000

₹ 10,000

Maximum amount of loan that can be availed

₹ 5,00,000

₹ 5,00,000

Minimum repayment tenure

6 months

6 months

Maximum repayment tenure

24 months

24 months

There’s absolutely no need to submit the invoice of the product you’ve financed using Tata Capital’s consumer durable loan. You get to retain one invoice copy for your documentation requirements.

Find the right loan for you

WHY CHOOSE US

CUSTOMIZED PRODUCTS
MINIMUM DOCUMENTATION
EASY APPLICATION PROCESS
STRONG AFTER SALES SERVICE