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
Home Appliances on EMI

Home Appliances on EMI

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Products on EMI

EMI Options QIK EMI Card

Get Home Appliances on EMI

With Tata Capital’s consumer durable loans, you can enhance your lifestyle by purchasing home appliances on EMI.

So, if you’re looking to upgrade your existing home appliances with newer ones that employ innovative and cutting-edge technology, you can apply for a home appliance loan with us and get all the appliances on easy EMI. Moreover, our loan for home appliances comes with special pre-approved offers that involve a high loan limit, no-cost EMI, zero processing charges, and flexible repayment tenures.

What are the Home Appliances Available on EMI?

The list of available home appliances on EMI with Tata Capital is extensive. You can purchase a range of home appliances as per your everyday requirements on EMI by availing of our home appliances loan. Some of the most common home appliances that you can purchase through our home appliance loan include:

Television

Refrigerator

Air Conditioner

Washing Machine

Microwave

Home Theatre

Geyser

Water Purifier

Air Purifiers

Laptops

What are the Benefits of Buying Home Appliances on EMI?

In addition to allowing you to purchase the desired appliances on easy EMI, our loan for home appliances comes with several utilitarian advantages. Let’s look at some of the benefits of buying home appliances on EMI through Tata Capital’s Home Appliance Loan:

Wide Range of Options

You can visit any of our authorized retail stores across India or the Tata Neu and Croma website to purchase your favorite home appliances on EMI, all of which employ state-of-the-art technology and come with a variety of innovative features.

Zero Interest Charges

Our home appliance loan comes with some exclusive features, such as 0% interest or No Cost EMI. This feature allows you to convert the cost of your home appliance into easy EMI without incurring any additional interest charges.

Convenient Repayment Tenure

When you buy home appliances on EMI from Tata Capital, you have the flexibility to repay the cost of the appliances in a convenient tenure. Your home appliance loan repayment tenure can range between 6 and 24 months.

Instant Loan Approvals

We provide instant approvals on loans for home appliances. You can get an authorized loan limit of up to Rs. 5 lakhs and buy products on EMI within this limit without any hassles.

Minimal Documentation

At Tata Capital, we do not require extensive documentation for providing home appliance loans. We offer home appliances on EMI with very simple eligibility criteria and minimal documents, which include your KYC documents and other essential papers.

What are the Eligibility Criteria for Getting Home Appliances on EMI?

You have to fulfill our primary eligibility criteria to avail of our loan for home appliances. Below are our eligibility requirements for providing home appliances on EMI:

The applicant’s age must be between 21 years and 65 years

The applicant can be a salaried employee or a self-employed individual

The maximum loan limit to purchase home appliances on EMI can be Rs. 1.5 lakhs

The loan tenure can range between 6 and 24 months

Please note the final eligibility for a home appliance loan is at the sole discretion of Tata Capital. You can contact our customer care helpline for more details on our home appliances loan eligibility criteria.

What are the Documents Required for Getting Home Appliances on EMI?

To obtain home appliances on EMI from us, you are required to complete a basic documentation process. Below are the home appliances loan documents that you need to submit to us:

Proof of Identity

Proof of Residence

A Canceled Cheque

Latest Passport-size Photograph

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 also ask for some additional documents at the time of loan processing. To know the exact documents that you may need to avail of a home appliance loan, you can visit the “Consumer Durable Loan Documents” page on our website or contact our customer care helpline.

How to Obtain Home Appliances on EMI?

Getting home appliances on EMI through us is easy and convenient. You can apply for a home appliance loan online or offline at your convenience. Below are the steps in which you can obtain the desired home appliances on easy EMI:

Visit any of our authorized retail stores across India or go to Tata Neu & Croma website to shop for the home appliances on your list
Pay for the home appliances using our QIK EMI Card or apply for a home appliance loan on our website by filling out a simple online application form
We will pay the dealer for your appliances and convert the costs into easy EMIs. Your EMI payments would be deducted directly from your bank account through a signed ECS mandate

You can avail of certain pre-approved offers to make your purchase of home appliances on EMI easier and more convenient. To check 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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Home Appliances on EMI

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What are the Home Appliances Available on EMI?