Get the Tata Capital App to apply for Loans & manage your account. Download Now


Equipment Finance

Avail Digital Equipment Loans
up to Rs. 1 Crore

  • Attractive ROIs
  • Customizable Loan tenure

Equipment Leasing

Avail Leasing solutions
for all asset classes

  • Up to 100% financing
  • No additional collateral required

What are Consumer Durable Loan EMI Options?

You can avail of a consumer durable loan from Tata Capital and purchase expensive gadgets, electronic appliances, smartphones, laptops, or any other eligible products on EMI. You will also have the flexibility to choose from our Flexi EMI plans for consumer durable loans and repay your EMIs at your own convenience.

We provide multiple EMI options for consumer durable loans to ensure zero troubles for our customers. By choosing the right consumer durable loan EMI plan for yourself, you can make your loan repayment process convenient and hassle-free.

How to Choose the Right Consumer Durable Loan EMI Option?

Opting for the right consumer durable loan EMI plan is necessary to ensure that your loan repayment doesn’t become a burden on your monthly finances. Here’s how you can go about choosing the right consumer durable loan EMI option for yourself:

  • Identify and understand our Flexi EMI plans for consumer durable loans
  • Evaluate your repayment capability and choose the best-suited consumer durable loan EMI plan
  • Decide a convenient repayment tenure for your consumer durable loan. Your consumer durable loan tenure can range between 6 months and 24 months
  • Ensure that the EMI option and loan tenure chosen by you is ideal for the product for which you’ve taken a consumer durable loan

How Much EMI Should You Pay?

Our EMI options for consumer durable loans allow you to decide on the EMI amount that you need to pay every month. Your consumer durable loan EMI will depend on several factors, including the loan amount (or cost of the product), loan tenure, and the applicable interest rate. 

Ideally, you should opt for an EMI amount that you can pay every month without disrupting your monthly budget. You can increase or decrease your loan tenure to change your consumer durable loan EMI. A longer tenure will result in lower EMI but higher interest outgo. You can avail of 0% interest or No Cost EMI on selective tenures to avoid the inclusion of the interest amount in your EMIs.

How to Repay Your Consumer Durable Loan EMI?

To repay your consumer durable loan EMI, you need to sign up for an auto-debit or Electronic Clearing Service (ECS) mandate. In exceptional cases, you can also pay your EMIs through post-dated cheques or PDCs.

Below are some tips to make your loan repayment easier:

  • Choose the best-suited consumer durable loan EMI plan
  • Make prepayments on your loan whenever you have excess funds
  • Set reminders to pay your loan EMIs on time
  • Opt for a shorter loan tenure if your budget allows for it. Although the EMIs would be higher, you will repay your loan faster by opting for a short loan tenure