Click the "Allow" button to receive notification
We're constantly crafting offers and deals for you. Get them delivered straight to your device through website notifications.All You Have To Do Is Click On "Allow".
Choosing the right consumer durable loan EMI option is crucial to making the loan repayment process convenient and hassle-free. Here’s how to go about choosing the right EMI option.
Identify the different loan options for consumer durable loans.
Choose an EMI option that’s in keeping with your financial capability.
Identify a convenient repayment tenure.
Consider the product for which the loan is taken and ensure that the EMI option chosen is ideal.
Equated Monthly Instalment depends on the principal loan amount, the interest rate charged and the tenure for which the loan is taken. We provide Consumer Durable Loans with loan tenure up to 24 months.
You can decide how you want to repay the loan. For a fixed consumer durable loan interest rate and loan amount, you can choose the tenure and the EMI that is comfortable to you. The longer the tenure, lower will be the EMI. You can also prepay your loan after meeting defined terms and conditions without any additional fees.
You can pay your loan through auto debit or ECS facility. In exceptional cases, you can also opt for a post-dated cheque payment facility.
To make your loan repayment easier, you can follow some of these strategies.
Use any excess funds to foreclose your loan partially or completely.
Set reminders to pay your EMIs on time.
If your budget allows for it, opt for a shorter tenure even if it means higher EMIs, so you can repay your loan faster.
Before choosing the loan tenure and the EMI amount, consider the following factors.
Your financial ability
Your future financial outlays
Your existing liabilities
These factors can help you decide just how much EMI you can afford to pay out each month. You could also get in touch with the Tata Capital representative in your favourite partner store for assistance on the possible EMI options.
You could make use of Tata Capital’s Consumer Durable Loan EMI calculator to help you make the right decision. Here’s how the calculator works.
Input the loan amount and repayment tenure.
Click on the “calculate” option.
The calculator then displays the amount of EMI you’ll need to pay each month. You can modify the input details to arrive at an EMI amount that you find affordable.
No, you don’t require an EMI card to secure a consumer durable loan from Tata Capital. You can avail of a consumer durable loan from us as long as you satisfy our eligibility criteria and submit all the necessary documents.
It is a good idea to always keep sufficient funds in your account to ensure that you make your EMI payments on time. In case you fail to pay your EMI within the due date, a penal interest charge shall be levied at the rate of 3% on the amount overdue per month. In the case of a bounced cheque or mandate rejection, an additional penalty of ₹ 450 shall be charged, in addition to GST thereon.
No-cost EMI is a scheme where you only pay the price of the product divided equally over the specified loan tenure. For instance, if you purchase a mobile phone for ₹ 15,000 using no-cost EMIs distributed across a 3-month tenure, you are liable to pay only ₹ 5,000 each month for 3 months. This effectively means that no interest shall be levied on the purchase price. In certain cases, a processing fee may be levied for availing the no-cost EMI scheme.
You can check your statement of accounts by using any one of the following options.
Log into your Tata Capital account using your user ID and password, your registered email ID, or your mobile number.
Use our dedicated Tata Capital smartphone app to obtain the statement.
Walk into any of our branches to obtain your statement of accounts. A fee of ₹ 250 plus GST shall be applicable for branch walk-ins.
Managing your consumer durable loan account is easy. All you have to do is log into the Tata Capital website using your user ID and password, your registered e-mail ID, or your registered mobile number. Alternatively, you could also access your Tata Capital account via our dedicated Tata Capital smartphone app. This way, you can keep track of your loan repayment schedule and pay your EMIs on time.
Don’t let finances keep you from bringing your dream smartphone home. Get quick and easy Tata Capital Consumer Durable Loans and fund your brand-new phone purchase seamlessly.Know More
Purchase the latest laptops on the market with Tata Capital’s Consumer Durable Loans. Upgrade your professional lifestyle instantly with quick loan approvals and flexible EMI options at Tata Capital.Know More
Eyeing the latest electronic gadgets but high price tags holding you back? Tata Capital Consumer Durable Loans help you own modern gadgets and bring them home in no time.Know More
Looking to bring the latest appliances home? Tata Capital makes it easy to own modern appliances without leaving a dent in your savings. Choose our Consumer Durable Loan to get closer to the lifestyle you desire.Know More
Upgrade your lifestyle and refresh your daily entertainment experience with the best televisions on the market. Tata Capital makes it happen for you, in no time. Choose our Consumer Durable Loans for quick funding and flexible repayment options.Know More
WHY CHOOSE US
Click the ‘Continue’ button to proceed
Be Investment ready in minutes by signing up with the Tata Capital Moneyfy app. We are here to make mutual fund investments simpler for you.
Looking for a seamless loan experience? Get the Tata Capital Loan App and Apply for loans, Download Account Statement/Certificates, Track your requests & much more.