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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Consumer Durable Loan
Electronics on EMI

Electronics on EMI

Products on EMI

Overview Required Documents Rates & Charges

Products on EMI

EMI Options QIK EMI Card

Get Electronics on EMI

You can apply for a Tata Capital Electronics Loan online and shop for all your favorite electronic items without paying anything out of your pocket at that instance. Our loan for electronic items comes with several useful features and benefits, such as instant approvals, convenient repayment tenure, zero hidden charges, and minimal documentation. Furthermore, we provide pre-approved offers on our loan on electronics to make your buying experience smoother.

What are the Electronic Items that You Can Get on EMI?

By availing of a Tata Capital Electronics Loan, you can purchase all your favorite electronic devices or gadgets on EMI. You can shop for the desired electronics on EMI by visiting any of the authorized retail stores across India or on the Tata Neu and Croma website. Below is a list of some common electronic items that can be purchased on EMI through our loan on electronics:

Action Cameras

Headphones

Smartwatches

Gaming Consoles

Home Security Systems

What are the Benefits of Buying Electronics on EMI?

Below are some additional benefits associated with a Tata Capital Electronics Loan:

Immediate Loan Approval

We provide immediate approval on a loan for electronic items. It means that you won’t have to wait for long to bring home your favorite electronic devices. You can simply apply for electronic loans online and get access to your pre-approved loan limit within a few minutes.

Zero Percent Interest Rates

Our loan for electronic items comes with some unique features, such as 0% interest or No Cost EMI. This feature allows you to buy your favorite electronics on EMI without incurring any additional interest charges. You are required to repay only the cost of your electronics and that too in EMIs.

Customizable EMIs

With Tata Capital Electronics Loan, you can choose to repay the loan amount at your own convenience. With multiple EMI options and customizable loan tenures, you have the flexibility to choose how much EMI you want to pay every month.

Minimum Documentation

You can get a loan on electronics from us by fulfilling very easy eligibility criteria and completing a basic documentation process. We provide electronic loans online and ask only for some basic documents, which include the KYC papers and a canceled cheque, among others.

What are the Eligibility Criteria for Getting Electronics on EMI?

We provide a loan for electronic items to borrowers who can fulfill some simple eligibility requirements in terms of age, employment status, and loan tenure. Below are our eligibility criteria for a loan on electronics:

The age of the applicant must be between 21 years and 65 years

The applicant needs to be a salaried employee or a self-employed individual

The maximum loan limit that can be allowed for buying electronics on EMI is Rs. 1.5 lakhs

The repayment tenure for the loan can range between 6 months and 24 months

Please note that the final eligibility decision for providing a loan on electronics rests solemnly with Tata Capital. You can visit our website or contact our customer care helpline for more details on our electronics loan eligibility criteria.

How to Obtain EMI for Electronics?

You can avail of our electronic loans online and easily obtain EMI for electronics. We allow you to shop for the desired electronic devices and repay their costs in easy EMIs, spread over a convenient tenure. Below are steps that you need to follow to procure our EMI for electronics facility:

Prepare a list of the electronic gadgets for which you want the EMI facility
Visit the Tata Neu and Croma website or walk into any of our authorized retail stores across the country
Shop for the desired electronic items and pay for them through a Tata Capital Electronics Loan or a QIK EMI Card
We’ll convert the cost of your electronics into EMI, and your EMI for electronics will be deducted directly from your bank account every month

We also provide pre-approved offers so that you can purchase your electronics on EMI more conveniently and affordably. To know your pre-approved offers, you can enter your details on our website or contact our customer care helpline at 1860 267 6060 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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Electronics on EMI

Get Electronics on EMI

What are the Electronic Items that You Can Get on EMI?