Know more about Consumer Durable Loans
8th May 2020 1:22
You can live the lifestyle of your dreams by applying for a consumer durable loan online. When you avail of the consume durable finance from us, you become eligible for several exclusive offers for buying a range of products. Below are the three ways to upgrade your lifestyle through a Tata Capital durable loan:
With Tata Capital’s consumer durable loan, the lifestyle that you have always dreamt of is now within your reach. Keeping our customers’ desires and their precise needs at the forefront, we provide more than 100 lifestyle products through our consumer durable finance. From a giant LED TV to a deep-bass home theatre system to a fully-automatic washing machine, we allow you to buy electronics online from the convenience of your home.
On top of everything, we provide instant consumer durable loans with some industry-exclusive offers, such as 0% interest rate, zero foreclosure charges, and a high loan amount of up to Rs. 5 lakhs. Moreover, our flexible EMI options ensure that you can repay your loan at your own convenience. So, apply for a consumer durable loan online and get the power in your hands immediately!
At Tata Capital, we have built a very simple process for providing consumer durable loans to our customers. For swift disbursal of your funds, you are required to meet the following eligibility criteria:
Your age must be between 21 years and 60 years (if you’re a salaried individual) or 65 years (if you’re a self-employed individual)
You should have a work experience of at least two years in your current profession
You must be carrying your KYC documents, including your Aadhaar Card and PAN Card
You can get a maximum loan of Rs. 5 lakhs for a tenure of up to 24 months
Please note that your final eligibility for a Tata consumer durable loan is at the sole discretion of Tata Capital Financial Services Limited. Please contact our customer care helpline for more details.
A consumer durable loan EMI calculator is a simple online tool that can help you understand the EMI that you would have to pay every month for a particular loan amount over a specific loan tenure. You can use an EMI calculator to choose an appropriate loan tenure so that you can conveniently pay off your loan amount.
With easy financing alternatives, bring your desired electronic devices and appliances. Zindagi aur aasan banaye, with the latest technology. Indulge in a modern living without compromising with Tata Capital Consumer durable loan.
A consumer durable loan is a financing option made available to the consumer to purchase items such as
Mobile Phones, Cameras, Tablet, DSLR, Audio Devices,
Household Products such as Fridges, Washing Machine, Microwave, Kitchen Appliances,
Laptop, Projector, etc
Consumer Durable Loan helps to purchase the items in easy EMI option.
We offer Consumer Durable Loans for wide-range of products. Here are some of the products that are now within your reach -
Digital Products: Mobile phones, laptops, tablets, smart watches etc.
Health Products: Laser treatment, financing knee replacement, cosmetic surgery and more.
Lifestyle Products: Travel loan, Merchandise loan.
There are no penalty charges for foreclosure of the Consumer Durable loan account.
We offer consumer durable loans up to ₹ 5,00,000.
Salaried and self-employed individuals in the age group of 21 to 60 & 21 to 65 years respectively can apply for the consumer durable loan.
With Tata Capital Consumer Durable Loans, the life you always wanted is just a few clicks away. Upgrade your lifestyle with the giant television set or, you can also buy yourself a fancy furniture for your living room. Here are some more reasons why we are the right match for you -
We give you instant online approval
We don't ask for any security for the Consumer Durable Loan
We are completely digital with minimum paperwork
We let you decide how and when you want to repay the loan
We offer you competitive interest rates
We offer loans up to ₹ 5 lakhs.
We need your primary and KYC documentation -
Identity and Residential Proof
Latest passport size photograph
ECS mandate duly signed
One security cheque (favouring TCFSL, mention the full loan amount, do not enter any date).
Your EMI depends on the loan amount and the defined tenure.
You can take up to 24 months to repay your Consumer Durable Loan.
Auto Debit /ECS Facility-
You can repay your loan through ECS or Auto Debit from your bank account. All you have to do is fill up a form and allow us to activate the bank mandate.
You can also provide us with post-dated cheques **** towards the repayment. However, you may be charged a small fee for the same.
**** Cheque should be MICR or local clearing.
In case you wish to swap the cheques or bank mandate from which the repayment will be done, then you or your representative (with an authority letter) would have to visit the branch. Swapping charges would be applicable.
We offer flexible EMI plans to make your repayment easy and convenient.
Consumer durable loans are essentially unsecured borrowings. As a result, the lender does not have the security of a collateral to rely on. This is why your credit history plays a key role in determining your eligibility for a consumer durable loan. Lenders tend to look into your borrowing history and your credit profile to verify if you’re a trustworthy borrower. The higher your CIBIL score, the better is your eligibility for consumer durable loan
Consumer durable loans are unsecured loans. As a result, you do not need to provide any collateral as a security. This also means that there’s no mortgaging involved in the process of applying for a consumer durable loan.
The documents required for availing a Consumer Durable Loan from Tata Capital are –
An address proof such as your driving license, voter ID, passport, or NREGA card
A duly signed NACH mandate
A cancelled cheque, if applicable
EMI cheques as applicable
If you do not repay your EMIs within the due date, a penalty charge shall be levied on the unpaid amount outstanding at the end of each month. This charge is levied at the rate of 3% of the outstanding amount.
Often times, if there’s an unexpected inflow of cash like a bonus, you may choose to repay your outstanding dues and foreclose the consumer durable loan you’ve availed from Tata Capital. We do not levy any foreclosure charges, so you can go ahead and settle your dues without worrying about any additional charges.
You can visit the nearest electronic where Tata Capital is present.
No, a co-applicant is not required to apply for Consumer Durable Loan
A loan’s eligibility is generated basis your credit score and the details provided during the loan application.
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