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Elevate Your Lifestyle with our quick Consumer Durable Loans

  • 2 Minute Loan Approval
  • No Cost EMI
  • Minimal Documentation
  • Zero Down Payment

What is a Consumer Durable Loan?

Elevate your lifestyle faster with our instant Consumer Durable Loans, designed to cover an extensive array of consumer durable products ranging from electronics like smartphones and laptops to household appliances such as air conditioners and refrigerators.

Enjoy up to 100% finance through our zero down payment loan feature. Even if you are a first-time borrower with no credit history, you can avail of a Consumer Durable Loan easily. Experience the freedom of paying EMIs with no additional charges on loans ranging from Rs. 10,000 to Rs. 1.5 lakhs. Benefit from swift loan approvals and flexible repayment periods spanning from 6 to 24 months. Additionally, you can efficiently plan your financial commitments with the help of our EMI calculator. Opt for our Consumer Durable Loans and transform your life into the one you’ve always envisioned.

What we are Offering

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AC on EMI

Level up the comfort quotient of your home with the best air conditioners. Get home appliances on EMI with our quick loan approvals.

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Laptop on EMI

Up your productivity game by upgrading to the latest laptop. With our easy loans, you can opt for flexible repayment options.

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Refrigerator on EMI

Keep your kitchen cool with a brand-new refrigerator. We provide loans on home appliances with no documentation*.

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LED TVs on EMI

Delight your loved ones with a brand-new TV. Get a no-cost EMI for an amount of 5 lakhs and below.

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Washing Machine on EMI

Go easy on your pocket when buying a brand-new washing machine by taking advantage of our zero down payment loan feature.

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Home Theatres on EMI

Upgrade your home with an all-new home theatre*. Buy now and pay conveniently through EMIs.

Key Features and Benefits of Consumer Durable Loans

Now owning your desired home appliances is easier than ever! Experience an efficient way of financing your purchases with our attractive Consumer Durable Loan features. Our minimal documentation process and round-the-clock approval help you get instant financial solutions. That’s not all, we provide financial services to first-time borrowers too. Here are some of the key benefits of availing our consumer durable loan.

2 Minute Loan Approval

No need to wait for the funds you require! Apply for our Consumer Durable Loans and own your desired product promptly.

No Cost EMI

Pay your monthly instalments without any additional charges.

Minimal Documentation

Get a Consumer Durable Loan online with minimal documentation.

Zero Down Payment

We cover all expenses for the consumer durable product you wish to purchase. Now, do not wait any longer to own the latest gadget or home appliance.

First-time Borrowers Eligible

We offer financial support to first-time borrowers with no credit history. Apply for a Consumer Durable Loan without any hesitation and own the product of your choice.

Charges on Consumer Durable Loans

Schedule of Charges Charges (inclusive of GST)
Processing Fee Upto 10%
Penal Charges 36% per annum on unpaid installment
Foreclosure charges 3% on principal outstanding for all interest-bearing schemes, Nil for non-interest-bearing schemes
Other charges
Cheque bounce charges Rs.500
Duplicate NDC/NOC charge Rs.250

Consumer Durable Loans EMI Calculator

Plan your finances right with TVS Credit’s EMI calculator. It’s easy to use, convenient and accurate. With the EMI calculator, you can get your estimated payable amount, processing fee and EMI instantly.

₹ 50000 ₹ 7,00,000
2% 35%
6 Months 60 Months
Monthly Loan EMI
Principal Amount
Total Interest Payable
Total Amount Payable

Disclaimer : These results are for indicative purposes only. Actual results may vary. For exact details, please contact us.

Eligibility Criteria for Consumer Durable Loans

Make sure you are eligible before applying for a loan to purchase any type of product. Check the Consumer Durable Loan eligibility criteria below:

Documents Required for Consumer Durable Loans

Here is what you need to submit to avail a Consumer Durable Loan

How to Apply for Consumer Durable Loans?

STEP 01

Select the Product

Choose the product you want to buy and gather all the required information.

STEP 02

Eligibility & Documents

Check your Consumer Durable Loan eligibility and submit the required documents.

STEP 03

Get Approval

Once the proper documentation is done, your loan will be approved instantly.

Are you an Existing Customer?

Welcome back! Submit the below-mentioned details and check if you are already eligible for a consumer durable loan.

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Frequently Asked Questions

You can get a Consumer Durable Loan to buy products online or from retail stores. It gives an option to the borrower to repay in EMIs for a defined tenure.

If you apply for a consumer durable loan of less than 5 lakhs, you can get the loan without any credit history. For loan amounts of more than 5 lakhs check out the eligibility criteria.

If the borrower stops repaying the consumer durable loan amount, then their account goes into default. This may increase the penalties, interest charges, and more. Your CIBIL score will also be affected negatively.

To finance your electronics or home appliances purchase, you will need to submit your KYC documents to get a consumer durable loan.

Individuals who are salaried or self-employed can apply for a Consumer Durable Loan. Check out the detailed consumer durable loan eligibility criteria.

You can apply for a consumer durable loan of fewer than 5 lakhs and enjoy no-cost EMI and other benefits.

You can borrow from Rs. 10k to Rs. 1.5 lakhs through TVS Credit's Consumer Durable Loan.

TVS Credit provides Consumer Durable Loans for first-time borrowers with no credit history. Check out the consumer durable loans eligibility criteria.

Here are the multiple benefits offered by TVS Credit’s consumer durable loans:

    • Instant Approval 
    • No cost EMI
    • Zero Paperwork
    • First-time Borrowers Eligible

You can get the following products financed under consumer durable loans:

Refrigerator, Washing Machine, AC, LED TVs, Home Theatres, Laptops and more.

A home appliances loan is a loan given for financing the purchase the home appliances. This kind of loan comes under consumer durable loans. Apply for a loan with TVS Credit and purchase any home appliance of your choice without any hassle.

Buy home appliances on EMI and enjoy the following benefits on home appliances loans (Consumer Durable Loan) offered by TVS Credit:

  • Instant Approval 
  • No cost EMI 
  • Zero Paperwork
  • First-time Borrowers Eligible

The repayment tenure for a home appliances loan (Consumer Durable Loan) is from 6 – 24 months.

Yes, you can foreclose your home appliance loan (Consumer Durable Loan) at your convenience.

A refrigerator loan is a loan given for financing the purchase of a brand-new refrigerator. This kind of loan comes under consumer durable loans. Bring home a brand-new refrigerator and finance it with TVS Credit consumer durable loans.

Enjoy the following benefits on refrigerator loans (Consumer Durable Loan) offered by TVS Credit:

  • Instant Approval 
  • No cost EMI 
  • Zero Paperwork
  • First-time Borrowers Eligible

To finance your refrigerator purchase, you will need to submit your KYC documents to get a consumer-durable loan

An AC loan is a loan given for financing the purchase of a brand-new AC. This kind of loan comes under consumer durable loans. Apply today and get attractive benefits on AC loans with TVS Credit.

You can apply for a TV loan (Consumer Durable Loan) of fewer than 5 lakhs and enjoy no-cost EMI and other benefits.

Here are the following benefits of TV loans (Consumer Durable Loans) offered by TVS Credit:

  • Instant Approval 
  • No cost EMI 
  • Zero Paperwork
  • First-time Borrowers Eligible

To finance your television purchase, you will need to submit your KYC documents to get consumer durable loans.

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