About Consumer Durable Loans
Loanpao’s Consumer Durable Loans in Delhi, India, make it easy to purchase electronics and appliances like TVs, refrigerators, and laptops. Enjoy zero down payment, low EMIs, and instant approval for a hassle-free shopping experience.
Why Choose Our Consumer Durable Loan?
- Interest Rates starting at 0% p.a. (select products)
- Loan Amount from ₹10,000 to ₹5 Lakh
- Tenure up to 3 Years
- Instant disbursal at partner stores or online
- Unsecured loans with no collateral
- Zero down payment on select products
- Minimal documentation
- Exclusive offers with leading brands
Are You Eligible?
| Criteria | Requirement |
|---|---|
| Age | 21-60 years |
| Income | Minimum ₹15,000/month (salaried) or ₹2 Lakh/year (self-employed) |
| Employment Type | Salaried or self-employed |
| Credit Score | 600+ preferred |
What Documents Do You Need?
- KYC: Aadhaar, PAN, passport-size photo
- Income Proof: Salary slip (1 month) or ITR (1 year)
- Bank Statement: Latest 3 months
- Address Proof: Utility bill or Aadhaar
Attractive Interest Rates & Affordable Fees
| Bank/Lender | Interest Rate | Processing Fee |
|---|---|---|
| Bajaj Finance | 0% p.a. (select products) | ₹500 or 1.0% |
| HDFC Bank | 12.0% p.a. | ₹750 or 1.0% |
| IDFC First Bank | 11.5% p.a. | ₹500 or 0.5% |
| Home Credit | 13.0% p.a. | ₹1,000 or 1.5% |
| Tata Capital | 12.5% p.a. | ₹750 or 1.0% |
Extra Charges:
- Late Payment Charges: 2% p.m. on overdue amount
- Foreclosure Charges: Nil
- GST: Applicable on processing fees
Note: Rates and fees are indicative as of April 2025 and subject to change.
Calculate Your EMI Instantly
Enter values and click Calculate EMI to see results.
How to Apply for a Consumer Durable Loan
- Visit a partner store or apply online with Loanpao.
- Submit KYC, income proof, bank statement, and address proof.
- Choose your product and loan tenure at the store or platform.
- Get instant approval and sign the loan agreement.
- Take your product home with zero down payment.
Common Questions About Consumer Durable Loans
What is a Consumer Durable Loan?
A Consumer Durable Loan is an unsecured loan to finance electronics and appliances with low or zero interest and no down payment.
Who can apply for a Consumer Durable Loan?
Individuals aged 21-60 with a minimum income of ₹15,000/month (salaried) or ₹2 Lakh/year (self-employed) and a 600+ credit score.
What is the maximum loan amount?
Up to ₹5 Lakh, based on the product and your financial profile.
How long does disbursal take?
Instant disbursal at the point of sale or within hours for online applications.
Can I foreclose the loan?
Yes, foreclosure is allowed with no charges.
Is collateral required?
No, Consumer Durable Loans are unsecured and require no collateral.
What is the repayment tenure?
Up to 3 years, with flexible EMI options.
Are there special offers?
Yes, apply by 31st May for 0% interest on select products and exclusive brand discounts.
What documents are needed?
KYC, income proof, bank statement, and address proof.
What happens if I default?
Late fees and credit score impact may occur; legal action is possible after due notice.