What is a 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.

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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Air Conditioner on EMI

Air Conditioner on EMI

An instant way to fund your larger expenses

Products on EMI

Overview Required Documents Rates & Charges

Products on EMI

EMI Options QIK EMI Card

Get 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.

Benefits of Buying AC on EMI

You can simply opt for a consumer durable loan for purchasing your desired air conditioner on EMI. Here are a few benefits of buying an AC on EMI from us:

Convenient Online Process

You can easily shop for your favorite AC on EMI online or offline and pay for it in a convenient manner. To buy your AC on EMI, you need to visit any of our partner retail stores or the Tata Neu & Croma website and make the payment using our QIK EMI card.

No Additional Charges

When you buy AC on EMI from us, we will charge you zero or nominal processing fees. Moreover, our air conditioner EMI offers include 0% interest or No Cost EMI so that you can buy AC on EMI from us without paying any extra interest charges.

Minimum Documentation

You can shop for an air conditioner on EMI from us with minimal documentation. You can simply upload the required documents on our online portal and get instant approval for a consumer durable loan or a QIK EMI Card.

Get Pre-Approved Offers

You can get exclusive air conditioner EMI offers with Tata Capital. These offers can reduce your AC EMI price significantly. You can also check for your pre-approved AC EMI prices and AC EMI offers for various air conditioners by visiting our partner websites.

Convenient Repayment Options

You can choose how you want to repay your consumer durable loan for AC. We offer a variety of repayment options for our consumer durable loans. You can use the fixed loan limit on your QIK EMI Card to purchase your AC and repay the amount within 6 months to 24 months.

What are the Eligibility Criteria to Buy AC on EMI?

With Tata Capital, you can shop for a split or window AC on EMI by fulfilling some simple eligibility requirements. Below are the eligibility criteria you need to meet for buying an AC on EMI from us:

Your age should be between 21 and 60 years

You should be a salaried or a self-employed individual

You can get a loan limit of up to Rs. 1.5 lakhs to buy an AC on EMI

The loan tenure for your AC EMI repayment ranges between 6 months and 24 months

Please note that the final eligibility for buying an air conditioner on EMI rests with Tata Capital.

What are the Documents Required to Buy AC on EMI?

At Tata Capital, we allow you to buy AC on EMI through an easy online process and minimal documentation. Below are the documents that you need to submit to avail of our AC EMI offer:

Proof of Residence

Latest Passport-sized Photograph

A Canceled Cheque

A signed ECS Mandate

A non-dated cheque for the full loan amount drawn in favor of “TCFSL” as security

Please note that we may ask for additional documents for providing air conditioner EMI offers. You can contact our customer care helpline to know the exact documents that you need to submit for buying an AC on EMI from us.

How Can You Obtain an AC on EMI?

Here are the steps to get your AC on EMI:

Research, compare, and select the desired AC that you want to purchase
Shop for your AC online from Tata Neu and Croma website or from any of our authorized retail stores across the country
Check your AC EMI price and pay for it using our QIK EMI Card
Your EMI payments would be made through the signed repayment mandate on your card

To check your pre-approved air conditioner EMI offers and other details, you can visit our website or call us at 1860 267 6060 anytime between 9 AM and 8 PM on all working days.

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.

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