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

Consumer Durable Loan QIK EMI Card

An instant way to fund your larger expenses

QIK EMI Card

Overview Required Documents Rates & Charges

Products on EMI

EMI Options QIK EMI Card

What is a QIK EMI Card?

Bring home the happiness with Tata Capital’s QIK EMI Card!

If you’ve been waiting for a long time to save money and buy your favorite gadgets and electronic appliances, your wait is seemingly over! With a QIK EMI Card, you can now enjoy online or offline shopping and convert your transactions into Equated Monthly Instalments or EMIs.

Through this card, we offer you a pre-approved loan limit of up to Rs. 1.5 lakhs so that you can purchase a range of eligible products on EMI. These may include a brand-new smartphone, TV, laptop, air conditioner, refrigerator, washing machine, microwave, and home theatre, among others.

You can simply visit any of our authorized retail stores across India or shop online from the Tata Neu & Croma website to take home the desired products on EMI. All you need to do is use our QIK EMI Card to pay for your products.

Maximum Loan Limit

Up to Rs. 1.5 lakhs

Loan Tenure

6 months to 24 months

Interest rate

Starting from 0% p.a.

View Rates & Charges

Advantages of QIK EMI Card

Zero Cost EMI

Our QIK EMI Card allows you to shop for your favorite products and convert your transactions into Zero or No Cost EMI. We charge 0% interest on popular brands so that you can purchase the latest gadgets.

100% Digital Process

We provide QIK EMI Cards to our customers through a 100% digital process. You can apply for your QIK EMI Card online by entering a few basic details of yours on our website and uploading the required documents.

Customized Repayment Tenure

When you pay for a product using our QIK EMI Card, you have the flexibility to repay the amount in a customized tenure. We allow you to choose your repayment tenure between 6 months to 24 months as per your convenience.

Instant Approval and Issuance

We provide instant approvals on QIK EMI Card applications to ensure zero inconveniences for our customers. You can just apply for a QIK EMI Card online, and we will issue your card immediately.

Minimal Documentation

We won’t burden you with heavy documentation for issuing a QIK EMI Card for you. You will need to submit only your basic personal details and KYC documents, which include a photo ID proof and an address proof issued by the Government.

Why should you apply for a QIK EMI Card?

A QIK EMI Card can help you upgrade your lifestyle in more than one way. Below are a few reasons to apply for a QIK EMI Card with Tata Capital:

Buy Latest Gadgets

If you’re a tech-savvy person, our QIK EMI Card is a must for you. It can help you purchase the latest electronic gadgets - such as smartphones, tablets, and laptops - with easy EMI. Apart from enhancing your personal life, these gadgets can also make your professional life easier and better.

Upgrade Home Appliances

It’s crucial to equip your home with the best home appliances to ensure optimum luxury and comfort. With a QIK EMI Card, you can purchase a range of home appliances - such as a TV, AC, refrigerator, washing machine, and vacuum cleaner - and pay for them in monthly installments.

Shop Online or Offline

A QIK EMI Card allows you to shop for your favorite products online as well as offline. You can walk into any of our authorized retail stores across India or visit the Tata Neu & Croma website to purchase the desired products on EMI without any hassles.

Get Started in 3 Easy Steps

We have built a simple 3-step process to provide QIK EMI Cards to our customers. Below are the steps in which you can get your Tata Capital QIK EMI Card:

Enter Details

Share your basic details on our website to get an instant approval

Upload Documents

Fill out an online KYC form and upload the required documents

Setup E-mandate

Set up an e-mandate for the payment of your EMIs via NetBanking or a debit card

Voila! Your QIK EMI Card is now ready for use! Use it to shop for your favorite products on EMI at authorized online and offline stores.

What are the Eligibility Criteria for a QIK EMI Card?

To get your QIK EMI Card, you are required to fulfill very basic eligibility criteria and submit your basic KYC documents. Below are our eligibility requirements for providing a QIK EMI Card:

The age of the customer should be between 21 years and 60 years

The maximum loan limit allowed on a card is Rs. 1.5 lakhs

The repayment tenure for purchases can range between 6 months and 24 months

Please note that the final eligibility decision for a QIK EMI Card is at the sole discretion of Tata Capital Financial Services Ltd. To know more, you can connect with us at 1860-267-6060 between 9 AM and 8 PM on all days except national holidays. You can also write to us at customercare@tatacapital.com.

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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Consumer Durable Loan QIK EMI Card

What is a QIK EMI Card?