Get an Online Loan To Purchase Electronic Appliances
Finance the purchase of consumer durable items without burning your savings. From washing machines to air fryers, purchase all your home essentials with a collateral-free loan from Poonawalla Fincorp. Get up to ₹50 Lakh at attractive interest rates with minimal paperwork, flexible repayment tenure, and no hidden charges. Apply now!
EMI Calculator for a Consumer Durable Loan
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Interest Rates for a Consumer Durable Loan and Other Charges
| Interest Rate | 9.99%* p.a. onwards |
| Loan Amount | ₹1 Lakh to ₹50 Lakh |
| Loan Processing Fees | Up to 3% |
| Lowest EMI per month | Starting from ₹2,124* per Lakh for 60 months |
| Loan Tenure | 12 – 84 months |
| Prepayment/Foreclosure Charges | 0% if paid from own sources 4% if paid from other sources |
| Late Payment Charges | 2% per month |
| Cheque Bounce Charges | ₹500 per bounce plus applicable taxes |
| Stamp Duty | At actuals (as per state) |
| Hidden Charges | Nil |
Eligibility Criteria for an Online Consumer Durable Loan
Meet our simple eligibility criteria to qualify for our Personal Loan for consumer durables:
- Age: The applicant should not be under 21 and more than 60 years old when applying for the loan.
- Citizenship: Applicant should hold an Indian citizenship.
- Employment: The applicant must have a full-time job at the central government, MNC, PSU, Listed or Unlisted public limited, PVT LTD, LLP or the companies which are listed under Poonawalla Fincorp.
- Working Experience: Applicant must have at least a year of experience and 1 month of experience in the current company.
- Monthly Income: The net monthly take-home of the applicant must be a minimum of ₹30,000.
Documents Required for a Consumer Durable Loan
Submit just a few essential documents:
KYC documents
Address Proof
Employment Proof
Income documents
Financial documents
Why Apply for a Consumer Durable Loan?
We offer appliance loan with various benefits:
- Collateral-free: Get the loan without pledging any asset as collateral.
- Flexible Repayment Tenure: Choose a repayment tenure between 12 to 84 months based on your repayment capability.
- Attractive Interest Rates: Benefit from an affordable interest rate starting at 9.99% p.a.
- High loan amount with no restrictions: Avail of up to ₹50 Lakh with no end-use restrictions.
- No Hidden Charges: Know all the fees and associated charges upfront with no future surprises.
How to Get a Consumer Durable Loan Online?
Apply
Online
Apply Online
Click on ‘Apply Now’ and complete the application form
Personal
Details
Personal Details
Enter your DOB, qualification, and residential details
Verification
Verification
Submit and upload all details for verification and assessment
Frequently Asked Questions About Loan to Purchase Consumer Durables
A personal loan for consumer durables is a financing option for purchasing white goods or luxury items and paying later in affordable instalments. You can use the loan amount to purchase any goods such as home appliances, electronics and even luxury items of up to ₹50 Lakh.
You can purchase any home appliances, electronic items or luxury goods with Poonawalla Fincorp’s loan for consumer durables.
Anyone can apply for this loan; provided you meet our age, income, employment, and credit score criteria.
*Terms & Conditions Apply
