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In this era of digital technological prevalence, laptops have become indispensable for professional consultants, self-employed people, and salaried personnel. Families with children who’re at their peak learning phase also stand to benefit from owning a laptop, since it grants access to the vast wealth of data and information available online.
The latest laptops from several top national and international brands now come with a host of new-age features such as expandable storage, super-fast processing speeds, and touchscreens. If you’ve been putting off replacing your old laptops for premium new models, you can now purchase a top-quality laptop on EMIs by availing of a consumer durable loan from Tata Capital.
Should you opt to buy a laptop on EMIs by obtaining a consumer durable loan from Tata Capital, you stand to experience a score of benefits. Read on to discover how the EMI scheme can help you if you’re keen on purchasing laptops.
It gives you access to a plethora of choices consisting of the latest laptops.
You get to invest in laptops that possess superior processing speeds.
By opting for the EMI scheme, you can purchase laptops that boast of innovative features like fingerprint readers and facial recognition.
Tata Capital’s loans gives you the ability to purchase touchscreen laptops that are convenient and easy to use.
It defers the payment of the initial purchase cost, thereby reducing any significant initial outlay of money.
Tata Capital offers instant and on-the-spot approval of consumer durable loans, so you are not inconvenienced with long-drawn waiting periods
The interest rate on these EMIs is 0%, so you pay no additional costs over the basic purchase price.
The documents required to apply for a consumer durable loan are minimal and limited to basic KYC details only.
To obtain a loan for buying a laptop, you need to fulfill certain Eligibility criteria for consumer durable loan, with regard to you age, as explained here.
Salaried persons must be aged between 21 and 60 years of age.
Self-employed applicants must be aged between 21 and 65 years of age.
Salaried and self-employed individuals can borrow as low as Rs. 10,000 or as high as Rs. 5 lakhs.
The minimum repayment tenure is 6 months, while the maximum is 24 months.
To obtain a loan for purchasing a laptop, you must submit the following documents only.
Identity and address proofs issued by the government
A cancelled cheque
A photograph that’s passport-sized
An ECS mandate that’s signed by the applicant
One non-dated cheque in favor of TCFSL
Tata Capital does not levy any fees for the foreclosure of your consumer durable loan. So, in case you have a sudden windfall and find yourself with some additional funds, you can foreclose your loan without the need to pay any added fees.
Failing to repay your EMIs on time can attract a penal interest charge at the rate of 3% on the amount outstanding each month.
With Tata Capital’s consumer durable loan, you can purchase a variety of electronics, gadgets, and appliances, including TVs, refrigerators, ACs, washing machines, laptops, and mobile phones.
Yes, self-employed people between the ages of 21 and 65 can apply for a consumer durable loan from Tata Capital. The loan amount can range from Rs. 10,000 to Rs. 5 lakhs, and the tenure of repayment can range from 6 months to 24 months.