What are some of the products covered by Consumer Durable Loans?

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.

Why should I take a Consumer Durable Loan from Tata Capital?

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 approvalWe don't ask for any security for the Consumer Durable LoanWe are completely digital with minimum paperworkWe let you decide how and when you want to repay the loanWe offer you competitive interest ratesWe offer loans up to ₹ 5 lakhs.

What are the documents required for a Consumer Durable Loan?

We need your primary and KYC documentation - Identity and Residential ProofCancelled chequeLatest passport size photographECS mandate duly signedOne security cheque (favouring TCFSL, mention the full loan amount, do not enter any date).

What are the available mode of repayment?

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.PDC Facility- 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.

What are the document proofs required for Consumer Durable Loan?

The documents required for availing a Consumer Durable Loan from Tata Capital are – PAN cardAn address proof such as your driving license, voter ID, passport, or NREGA cardA duly signed NACH mandateA cancelled cheque, if applicableEMI cheques as applicable

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Consumer Durable Loan

Consumer Durable Loan

Overview

Overview Required Documents Rates & Charges

Products on EMI

EMI Options QIK EMI Card

What is a Consumer Durable Loan?

A consumer durable loan is a special category of loan given to borrowers to purchase electronic gadgets and household appliances on EMI. With Tata Capital, you can avail of consumer durable finance of up to Rs. 5 lakhs and buy electronics online or offline at your convenience. Additionally, you can apply for our consumer durable loan online and get the requisite amount in your bank account in three simple steps.

So, if you have been waiting for a long time to save money and procure the products you desire, your wait is about to get over. Just apply for a Tata Capital consumer durable loan from your home and buy your favorite electronics without paying anything out of your pocket up-front. We require minimal documentation and provide instant approvals for consumer durable finance. What’s more? You can repay the amount over a convenient tenure ranging between 6 months and 24 months.

Loan Amount

₹ 10,000 to ₹ 5 lakhs

Loan Tenure

6 months to 24 months

Interest rate starting from

0% per annum

View Rates & Charges

Processing fees

0% onwards

Advantages Of Consumer Durable Loans

No Cost EMI

We offer a unique no cost EMI feature on our consumer durable loans. Under this feature, you can get financing to buy electronics online with a 0% interest rate. It means that you will have to repay only the cost of the products you purchase as EMIs without any additional interest charges.

Instant Approval

We provide instant approval for consumer durable loan applications. You can check your eligibility on our website and apply for a consumer durable loan online in three simple steps.

Minimal Documentation

You are required to provide only your primary KYC details and supportive documents, including photo ID proof, address proof, and income proof.

No Foreclosure Charges

At Tata Capital, we ensure your convenience before anything else. If you want, you can foreclose your consumer durable loan account before the end of the agreed tenure without incurring any foreclosure charges. You can foreclose your loan account anytime after paying your first EMI.

Pre-approved EMI Card

We value our existing customers and hence, give them preferred treatment. Being an existing customer of Tata Capital, you can apply for a pre-approved QIK EMI Card from us and use it to shop for your favorite products on EMI without any hassles.

3 Ways to Upgrade Your Lifestyle with a Consumer Durable Loan

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:

Upgrade Your Electronic Gadgets

Electronic gadgets such as smartphones, laptops, tablets, smartwatches, and audio devices make our lives luxurious and comfortable. Sometimes, they even help us in our career aspirations. However, with continuous advancements in technology, they need to be upgraded frequently. A Tata Capital consumer durable loan can help you buy electronics online and pay for them in convenient EMIs.

Upgrade Your Home Appliances

Home appliances such as refrigerators, air conditioners, washing machines, and televisions have become an indispensable part of our everyday lives. They not only make your daily tasks easier but also enhance the aesthetics of your house. With an instant consumer durable loan from Tata Capital, you can upgrade your existing home appliances with zero inconveniences.

Upgrade Your Lifestyle

You can also use a Tata consumer durable loan to make your lifestyle more exciting and desirable. Whether you want to go on an exotic trip with your loved ones or buy luxury merchandise for yourself, you can fulfill all such dreams of yours by availing of a consumer durable loan from us at a 0% interest rate.

About Consumer Durable Loans

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!

What are the basic Requirements to get a Consumer Durable Loan?

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.

What is a Consumer Durable Loan EMI Calculator?

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. 

You can also avail a CDL for below products

Air conditioner on EMI

With Tata Capital’s consumer durable loan, you can get your AC on EMI without any hassles.

You can make your AC EMI price even more affordable by getting pre-approved offers from us.

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Refrigerator on EMI

With Tata Capital, you can get any kind of fridge, such as a single or double door fridge on EMI. You also get to enjoy pre-approved offers from us.

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Washing machine on EMI

You can apply for a QIK EMI Card and purchase your favorite washing machine on EMI without any hassles. Moreover, you can also get pre-approved offers and reduce your washing machine EMI price significantly.

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Mobile on EMI

You can buy your mobile on EMI through Tata Capital’s consumer durable loans. Our mobile loans come with a range of attractive features and benefits, such as a high loan limit, zero processing fees, instant approval, and flexible repayment options.

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Camera on EMI

Buy your favorite camera on EMI and simply pay for it using our QIK EMI Card and convert the price of your DSLR camera into EMI.

Furthermore, you can choose a convenient tenure for the repayment of your DSLR EMI.

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Laptop on EMI

We provide an easy loan on laptops for salaried as well as self-employed individuals. We also offer it for students with simple eligibility criteria and minimal paperwork.

You can simply apply for our QIK EMI Card and purchase your favorite laptops without any hassles.

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Electronics on EMI

By availing of a Tata Capital Electronics Loan, you can purchase all your favorite electronic devices or gadgets on EMI.

We provide pre-approved offers to make your buying experience smoother.

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Home appliances on EMI

If you’re looking to upgrade your existing home appliances with newer ones that employ innovative and cutting-edge technology, you can apply for a home appliance loan with us and get all the appliances on easy EMI.

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Television on EMI

With Tata Capital’s consumer durable loan, you can now buy TV on EMI.

We offer pre-approved loan offers that help you protect your savings and buy the things you like in a simplified and hassle-free manner.

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6 Reasons to Choose Us

A Name You Can Trust

Tata Capital Financial Services Limited is one of the most reputed NBFCs in India that you can trust for all your financing requirements. We offer a range of loans for our customers, including home loans, business loans, personal loans, and consumer durable loans.

0% Interest Rates

Our consumer durable loan interest rates start from 0% per annum. This ensures that you will have to pay only for what you purchase without any additional interest charges. Furthermore, we don’t levy any foreclosure charges on our consumer durable loans.

High Flexibility

At Tata Capital, we let you tailor everything to your convenience and repayment capability. You have the flexibility to choose your loan amount, loan tenure, and EMI plan for easy repayment of your consumer durable loan.

Minimal Documents

We will never make you run around to get a loan for your requirements. You can apply for consumer durable loan online and upload the required documents to our website. We require minimal documents and some basic details to process loan applications.

Customized Loans

Our loans are highly customizable to suit your precise requirements. You can choose an amount between Rs. 10,000 to Rs. 5 lakhs and repay it within 24 months. Our personalized approach has left countless of our customers happy and satisfied.

We’ve Been Here for a Long Time

We have spent a considerable time in the industry. That is why we understand your requirements and try to provide the best possible solutions to them. We have a range of innovative products to address all the financial needs of our customers.

Popular FAQs

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
Cancelled cheque
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.
PDC Facility-
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 –

PAN card
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.