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Consumer Durable Loan

AVAIL 0% INTEREST RATE AND ON-SPOT APPROVALS WITH YOUR NEXT ELECTRONIC PURCHASE

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Consumer Durable Loan

Loans to buy home appliances for a hassle-free life

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Consumer Durable Loan Interest Rates And Charges

Overview

Eligibility & Documentation

Fees & Charges

Products on EMI

FAQs

The charges and rates applicable on Tata Capital’s consumer durable loans are extremely nominal, so borrowers suffer no financial burden when they opt for these product loans. In fact, Tata Capital’s consumer durable loan interest rates and charges are so negligible that they pale when compared to the utility of the products borrowers can purchase. A high-priced smartphone or a premium home appliance can conveniently be bought on easy EMIs with 0% EMI interest rates.

We offer 0% EMI on the majority of the Consumer Durable Loan. However, there is an advance EMI that we ask you to pay on the basis of your loan tenure along with a nominal processing fee. Processing fee is charged as part of processing your consumer durable loan request.

Fees and Charges

Availing of product loans involves several consumer durable loan charges. Explained below are some of the fees associated with Tata Capital’s loans.

Processing Fee

Between ₹0 - ₹10,000

Bounce Charges

These are charges that are levied in case the borrower’s cheque bounces due to technical reasons or because of insufficient funds, thereby halting the process of payment.

1st Presentation EMI Bounce Charges - ₹450, in addition to GST thereon.

2nd Presentation EMI Bounce Charges - NA

Mandate Registration Charge

NIL

Mandate Rejection Service Charge

₹450 in addition to GST for every Cheque dishonour/rejection of ECS

EMI Pickup/ Collection Charges

NIL

Arbitration Filing

₹2000

Miscellaneous Charges

Statement of Accounts Charges

In case the borrower decides to walk into the nearest branch to obtain hard copies of their loan statements, a charge of ₹250 + GST shall be levied. Soft copies from the portal can be obtained free of charge.

Foreclosure/Prepayment Charges

NIL

Foreclosure Charges for Top-Ups

NIL

Loan Cancellation & Rebooking Charges

NIL

Duplicate Repayment Schedule

NIL

Duplicate NOC Issuance Charges

NIL

Late Payment Charges

3% on overdue amount per month

Instrument Swap Charges

₹550 + GST

Document Retrieval Charges (per retrieval)

NIL

EBC & Push Card Replacement Fee

EBC & Push Card Annual Fee

Legal Charges (Sec 138 and Sec 25)

₹1200

Receiver Order District Court

Receiver Order High Court

Demand Notice/Loan Recall Notice

₹40

Execution of Award

₹2000

Disclaimer

The fees/charges indicated above are subject to revision at Tata Capital’s discretion from time to time.
For the definitions of the above charges, please refer to the Master Terms & Conditions sheet.
Soft copies of documents mentioned in the table above will be provided free of cost. For hard copies, please refer to the above table for the applicable fees & charges.

FAQ

What are the cancelation charges on a consumer durable loan?

Tata Capital does not charge any fees as cancelation charges on a consumer durable loan. So, you can cancel the loan at any point without any additional financial burden.

What are charges on late payments of EMI?

If you fail to pay your EMIs within the due date, charges for late payment shall be levied at the rate of 3% on the amount outstanding each month.

What are instrument swap charges?

If you wish to exchange or swap your consumer durable loan liability or the cash flow with a different financial instrument, you can do so, but you will be charged an additional fee known as instrument swap charges.

_{Tata Capital’s consumer durable loan includes instrument swap charges fixed at ₹550, in addition to GST thereon.}

Can I foreclose my consumer durable loan?

Yes, you can close your consumer durable loan without any additional fees or penalty charges before completing the entire loan tenure.

What is the joining fee for EMI Card?

To subscribe to our EMI Card, applicants are required to pay a one-time fixed fee of ₹299, in addition to GST thereon.

Does the processing fee depend on the product purchased?

In order to process your application, we charge a processing fee which depends on the product you’ve purchased. Typically, the processing fees range from a minimum amount of ₹0 to a maximum amount of ₹10,000.

Find the right loan for you

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.

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Mobile on EMI

Take your photography experience to the next level with the most advanced cameras on the market. And with Tata Capital Consumer Durable Loans, you don’t have to worry about the finances. Purchase the latest cameras using our Consumer Durable Loans and breathe new life into your images.

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Camera on EMI

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.

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Laptop on EMI

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.

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Electronics on EMI

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.

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Home Appliances on EMI

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.

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Consumer Durable Loan Interest Rates And Charges

Fees and Charges

Processing Fee

Bounce Charges

Mandate Registration Charge

Mandate Rejection Service Charge

EMI Pickup/ Collection Charges

Arbitration Filing

Miscellaneous Charges

Statement of Accounts Charges

Foreclosure/Prepayment Charges

Foreclosure Charges for Top-Ups

Loan Cancellation & Rebooking Charges

Duplicate Repayment Schedule

Duplicate NOC Issuance Charges

Late Payment Charges

Instrument Swap Charges

Document Retrieval Charges (per retrieval)

EBC & Push Card Replacement Fee

EBC & Push Card Annual Fee

Legal Charges (Sec 138 and Sec 25)

Receiver Order District Court

Receiver Order High Court

Demand Notice/Loan Recall Notice

Execution of Award

Disclaimer

FAQ

What are the cancelation charges on a consumer durable loan?

What are charges on late payments of EMI?

What are instrument swap charges?

Can I foreclose my consumer durable loan?

What is the joining fee for EMI Card?

Does the processing fee depend on the product purchased?

Find the right loan for you

Mobile on EMI

Camera on EMI

Laptop on EMI

Electronics on EMI

Home Appliances on EMI

TV on EMI

WHY CHOOSE US

CUSTOMIZED PRODUCTS

MINIMUM DOCUMENTATION

EASY APPLICATION PROCESS

STRONG AFTER SALES SERVICE

27 + Lakhs Happy customers

9 + Lakh Cr Worth loans disbursed

320 + Branches across India

140 + Cities across India

INSIGHTS ON CONSUMER DURABLE LOANS

27 + Lakhs

Happy customers

9 + Lakh Cr

Worth loans disbursed

320 +

Branches across India

140 +

Cities across India