Apply for Consumer Durable Loan
Bring home your favorite gadget, electronics, and appliances with a Consumer Durable Loan. From cutting-edge smartphone, state-of-the-art television, to essential home appliances, upgrade your lifestyle without burning your savings. Get a Consumer Durable Loan from Poonawalla Fincorp. Apply now to avail for Instant EMI Card and shop from our enrolled dealer network.
Why Choose Poonawalla Fincorp
100% Digital application
Instant approval
Wide network of dealers
Meet our simple eligibility criteria:
- Age: Between 21 and 65 years.
- Citizenship: Indian.
- Employment: Salaried and Self-employed
- Monthly Income: At least 15,000 per month.
- Credit Score: 650 and above/users new to credit
Submit just a few essential documents:
- Digital Adhaar-based KYC
- Repayment Mandate setup details
Get the loan at attractive interest rate and minimal charges:
*Disclaimer: Above charges apply only when you opt for these services
Here are some key benefits of availing of a Consumer Durable Loan:
- Instant approval & quick disbursal
- Flexible EMI options for every budget
- Minimal documentation required
- No hidden charges or prepayment penalties
- Check Eligibility: Start by reviewing the eligibility to ensure you meet the basic criteria for age, income, and credit history.
- Select Product and Financing Plan: Visit one of our partner stores and select the item you wish to purchase. At checkout, select the EMI or financing option that is offered.
- Submit KYC Documents: Submit minimal documents, which usually include your digital Adhaar-based KYC and repayment mandate setup details
- Get Approval: Upon the swift verification of your documents and details, you’ll get loan approval.
Examine the sanction letter and sign the digital agreement to authorise the automatic debits of EMIs from your bank account. The funds are then disbursed to the seller, and you can take your new product home.
Happy Customers, Happy Us
I opted for a Loan Against Property balance transfer with Poonawalla Fincorp, and the experience exceeded my expectations. The application process was completely digital, quick, and required minimal paperwork. Getting a significantly lower interest rate helped me reinvest in my business. With better financial flexibility, I was able to scale operations efficiently, leading to a 30% increase in business turnover. Poonawalla Fincorp made the entire journey stress-free, and I highly recommend their services to any business owner looking for smart financial solutions.
Poonawalla Fincorp’s Pre-owned Car Loan made the entire financing process effortless. The loan approval was quick, and the minimal documentation made it even more convenient. Within just a couple of days, the funds were disbursed, allowing me to purchase a well-maintained pre-owned vehicle without any hassle. The repayment options were flexible, and the entire experience was seamless. Thanks to Poonawalla Fincorp, I could get my car without any financial strain. Highly recommended!
Securing a loan to purchase a commercial property with rental income was crucial for my business. Having previously worked with Poonawalla Fincorp, I was confident in their services. The process was incredibly smooth and transparent. The quick disbursement and excellent post-sales support made the entire experience stress-free. Thanks to Poonawalla Fincorp, I now own a prime commercial property in Mumbai, which has significantly boosted my business. Their quick turnaround time and excellent post-sales support made all the difference. I wholeheartedly recommend them to anyone in need.
I had a great experience with Poonawalla Fincorp’s Pre-owned Car Loan. The offered loan amount was as per my expectations, and the entire process was smooth and hassle-free. The documentation was minimal, and the loan was disbursed in just two days! What stood out was the flexibility—repayment was easy, and the EMI structure was well-planned. The loan approval process was straightforward, making it convenient to get the car I wanted without any delays. Overall, the service was excellent, and I highly recommend Poonawalla Fincorp to anyone looking for an easy and quick loan process!
A friend in need, is a friend indeed. Poonawalla fincorp has been like one of those friends for me, who has supported me in my journey. With no hidden charges and no prepayment charges, the company has provided me with the adequate funds I needed for me professional practice. From the loan application process to the disbursal of funds, I did not face any problems. My experience was hassle-free and smooth. Not just me, all my fellow professionals and friends have had a wonderful experience with Poonawalla Fincorp’s Professional Loan.
I am practicing Chartered Accountant (CA) based out of Hubli. There were working capital issues that i was facing like upgrading my firm’s overall infrastructure, hiring well-qualified staff and digitization. Poonawalla fincorp hab been of great support when it comes to funding these requirements. I’ve got one of the best interest rates available in the market, my documentation process was fast & hassle-free. and the digital application process made it very simple to get a Professional Loan as a CA. I recommend to CAs to consider Poonawalla Fincorp for their working capital or any other funding requirements.
I run a chain of farmacy stores with 5 branches in pune. With the growing polpularity of home delivery, my customers were expecting the same from me as well. However, the extra capital requirement made it difficulf for me to hire delivery persons. With Poonawalla fincorp’s Business loan, I am now able to compete with online pharmacy retailers, manage working capital and upgrade my system. My customers have grown 50-60%. The loan applicatipn process is digital, simple and speedy. I was delighted to get my loan amount disbursed quickly, allowing me to upgrade my operationg seamlessly.
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Frequently Asked Questions
A Consumer Durable loan is a financing option for purchasing electronics, home appliances, gadgets, and other white goods. It allows you to pay for your purchases in easy monthly instalments.
Please check the list of our enrolled dealership here.
Yes, you can utilise the sanctioned offer amount to purchase a wide variety of consumer durable products, subject to the scheme's applicability.
There are no hidden charges, and the loan process is transparent. Any applicable fees or charges are communicated upfront.
The maximum loan amount you can avail of is up to ₹5 Lakhs.
The maximum tenure for a Consumer Durable Loan is up to 24 months (2 years).
To apply for a Consumer Durable Loan, you’ll require the following documents:
- Digital Adhaar-based KYC
- Repayment Mandate setup details
Yes, you can get instant loan approval once you fulfil the lender's criteria.
Yes, you can prepay or foreclose your loan. However, you must be aware that prepayment and foreclosure involve certain charges. So, make sure you check it before deciding.
The minimum CIBIL score required for a Consumer Durable Loan is 650.
Consumer Durable Loan eligibility criteria are as follows:
- Age: Between 21 and 65 years.
- Citizenship: Indian.
- Employment: Salaried and Self-employed
- Monthly Income: At least 15,000 per month.
- Credit Score: 650 and above/users new to credit
Note: The above-mentioned are Poonawalla Fincorp’s eligibility criteria, which may vary from lender to lender.
No, you don’t need a credit card to apply for a Consumer Durable Loan.
You can track your loan status with the Poonawalla Fincorp app.