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PERSONAL LOAN INTEREST RATES STARTING AT 11.25%

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WEDDING LOAN FUNDING UP TO RS. 25 LAKHS

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LOANS FOR MEDICAL NEEDS ON AN EMERGENCY BASIS

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HOME LOANS WITH INSTANT APPROVALS UP TO RS. 5 CRORES

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Information About Consumer Durable Loan

  • Overview
  • Eligibility & Documentation
  • Fees & Charges
  • Ways to Apply
  • EMI Options
  • FAQs
  • Know More
    • Overview
    Features and Advantages
    Eligibility and Documentation
    Checking your eligibility
    Calculators
    Why Choose Us

    Overview

    Have you been waiting for a long time to save money to buy products you desire? Tata Capital’s Consumer Durable Loans, helps you in making your purchases today, that you had set off for tomorrow. Through our 0% EMI facility you can buy big and pay small i.e. you can purchase home improvement products like a new microwave or a giant refrigerator and make repayments through the monthly EMIs. Through our consumer durable loan, you can also head out on a new trip or purchase health related products too. We require minimum documentation and provide on spot loan approval. Don’t delay your aspirations. Now go ahead with confidence and make life easier for you and your loved ones.

    How can you take a Consumer Durable Loan?

    We have eliminated any stress involved around loan application process by designing a product that is totally hassle-free. It’s simple. It’s quick. Here’s what you need to do:

    • Check your eligibility
    • Select your loan amount and tenure
    • Submit your application

    What are the basic requirements in getting the loan approved?

    We have built a simple process to make sure you can start shopping as soon as possible. For swift approval:

    • Keep your Identity proof handy like your Aadhar or PAN Card number
    • Keep your address/residential proof ready

     

    Please check the Eligibility and Documents page for more details.

    Three ways you can upgrade your life with the Consumer Durable Loan

    Upgrade your electronic gadgets

    Electronic gadgets make our lives comfortable. Sometimes, we need them to even further our career aspirations. So, whether it is a laptop that will enable you to do all your office work or a mobile phone that keeps you connected to your loved ones, we believe you deserve the very best. With Tata Capital’s Consumer Durable Loans, you can buy what you want and repay through flexible EMI option and tenure.

    Upgrade your home

    Ever wanted to become a better baker? You can now buy the top-of-the-line microwave and oven grill. You can purchase a smart television or a new washing machine that makes laundry a breeze. There is no limit how you can make your home beautiful and better. We want you to live the best life possible.

    Upgrade your lifestyle

    Want to visit exotic location? You can use Consumer Durable Loans to upgrade your lifestyle and make it more desirable. With 0% interest and minimum documents, you can now head off to your long awaited vacation.

    Features and Advantages

    Instant Approval

    We don’t keep you waiting and enable you to reach your goals faster. With our on-spot loan approval, you can start shopping for anything anywhere, right away!

    Minimum Documentation

    We would need your basic KYC documentation to process your loan.

    Pre-approved EMI Card

    We value our existing customers and try to give them the preferred treatment. If you are an existing customer with Tata Capital, we extend a pre-approved EMI card. Just walk into any of our partner stores with the card and use it to buy products that your heart desires.   

    No Foreclosure Charges

    We put your needs above everything else. You can foreclose your Consumer Durable Loan whenever you want after the first EMI. We don’t charge additional fee for foreclosure. 

    Special Offer from Group Companies

    When you partner with us, you automatically become eligible for a number of exclusive offers from group companies. Some of our partners include Tata Sky and Star Bazaar. Our offers will put more money in your pocket. Now you can spend more to save more. 

    Interest Rates

    We offer 0 % EMI on 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.

    How much EMI do you need to pay?

    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.

    How can you repay a Consumer Durable Loan?

    You can decide how you want to repay the loan. For a fixed amount of loan and interest, 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.

    Eligibility and Documentation

    You are eligible for a Consumer Durable Loan if you are a salaried person, in the age group of 21-60 years old and with minimum two years of work experience. 

    What are the documents required?

    You have to provide basic documents:

    • KYC Documents (Government issued ID Cards and Address Proof)
    • One passport size photograph
    • One cancelled cheque/IMPS validation
    • ECS mandate duly signed

    Please check our Eligibility & Documents page for more details.

    Checking your eligibility

    You have to meet some basic conditions to successfully avail our Consumer Durable Loan. At Tata Capital, we believe in extending a loan with minimal paperwork, 0% interest rate and flexible EMI plans. We are here to support your every need.

    Calculators

    What is a Consumer Durable Loan EMI Calculator?

    The Consumer Durable Loan EMI calculator helps you to understand the EMI that you are comfortable to pay towards the principal payments and interest payment over the loan tenure. Use the EMI calculator to know how much money you can pay monthly over a course of time to repay your loan. With the help of EMI calculator, you can plan your monthly instalments and conveniently pay off the loan.

    What does a Consumer Durable Loan EMI Stand for?

    EMI stands for Equated Monthly Instalments. It is the payment that you give for any loan undertaken for a fixed tenure to pay off the loan. You can apply for Consumer Durable Loan for a tenure between 6 to 24 months to repay your loan with Tata Capital. In case of the Consumer Durable product, we don’t charge you any interest for certain select set of products and the principal amount is spread across chosen tenure.

    How to calculate your EMI using a calculator?

    Enter the following information to calculate your EMI:

    • Loan Amount (the loan amount you wish to get)
    • Loan Tenure (Tata Capital offers 6-36 months of time)
    • Click the Calculate button. The system shows your EMI monthly break-up of both the interest and principal payment.
    • If the Consumer Durable Loan EMI is higher or lower than you want to pay, edit the principal amount and follow the same steps from 2 to 3.

    Why Choose Us

    Reasons why you should choose us

    Tata Capital a name you can trust

    With the customers’ individual desires and needs in mind, our team at Tata Capital guides you at every step and offer specific financial solutions.

    We offer 0% interest rates

    We let you tailor everything according to your convenience and ability to repay. 

    We’re flexible

    Our Consumer Durable Loan lets you choose the loan amount, tenure and EMI period for which you need the loan.

    We are not going to make you run around

    We only ask for minimal documentation to process your application. We just need some mandatory information like the source of your income and the purpose of the loan.

    We offer tailor-made loans

    Our personalized approach gives us the edge and has left countless of our customers satisfied. You are not just an application form to us. We understand that one size doesn’t fit all. 

    We’ve been in the industry for a long time

    This means we understand your needs and we will tailor our services to your needs. If you look good, we look good too.  

    WHY CHOOSE US

    CUSTOMIZED PRODUCTS
    MINIMUM DOCUMENTATION
    EASY APPLICATION PROCESS
    STRONG AFTER SALES SERVICE

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