Consumer Durable Loan

How to Get Instant Consumer Durable Loans?

If you’re in the market for a new appliance or electronic device but don’t have the funds to make the purchase outright, a consumer durable loan may be just what you need. At Finnable, we offer instant loans that can help you purchase the product you want without having to wait. Our easy-to-use online application process allows you to apply from the comfort of your own home and get approved within a few minutes.

To get an instant consumer durable loan online from Finnable, follow these simple steps:

• Calculate your loan amount and EMI options: Before applying for a loan, it’s important to know how much money you need. This will help you determine the loan amount and the repayment terms that work best for your budget. You can also use Finnable’s EMI calculator to check your monthly installments and choose a repayment plan that fits your financial goals.  

• Check your eligibility: To be eligible for a consumer durable loan, you must be a citizen or resident of India, over the age of 21, and have a steady source of income.

• Apply online: Once you’ve determined how much you need and confirmed your eligibility, you can apply for a consumer finance loan through our website. The application process is quick and easy, and you’ll receive an instant decision.

• Get approved and receive funds: If your loan is approved, the funds will be disbursed directly to your bank account, allowing you to make the purchase you want right away.

With Finnable’s instant consumer durable loans, you can say goodbye to the stress of waiting and hello to the excitement of your new device!

Eligibility for Consumer Durable Loan

Finnable’s consumer durable loans can help you purchase your dream appliances and electronics. However, to avail this loan, you need to meet certain eligibility criteria. Here are the pointers that you need to consider:

Eligibility Criteria for consumer durable loan online include:

• Indian Resident: To apply for a consumer durable loan at Finnable, you need to be a resident of India. This is a mandatory requirement that you need to fulfill.

• Regular Source of Income: You should have a regular source of income to be eligible for a consumer durable loan. This is to ensure that you can repay the loan without any hassle.

• Age: You should be between the age of 21 to 45 years to apply for the loan. If you fall within this age bracket, you are eligible to apply for the loan.

• Good Credit Score: A good credit score is an important eligibility criterion for any type of loan, including a consumer durable loan. Your credit score reflects your creditworthiness and repayment capacity, and thus, it is essential to maintain a good credit score.

How to apply for a Consumer Durable Loan?

At Finnable, we aim to make the loan application process as simple and stress-free as possible. The steps to apply for a consumer durable loan online are:

• Visit our website: Head to Finnable’s website and click on the “Consumer Durable Loan” section to begin your application.

• Fill in your personal and financial details: Provide your personal and financial information, including your name, address, income details, and employment status.

• Choose the loan amount and repayment tenure: Select the loan amount you require and the repayment tenure that suits your needs. We offer flexible repayment options to make your loan repayments more manageable.

• Upload the required documents: We require a few essential documents to process your loan application such as identity proof, address proof, income proof and employment proof. You can easily upload these documents on our website or through our mobile app.

• Click on submit: Once you’ve completed all the required fields and uploaded the necessary documents, click on the “submit” button to send in your application.

Once we receive your application, our team will review and reach out to you within 48 hours. If your application is approved, you’ll receive the loan amount in your account in no time, making your purchase of consumer durable goods smooth and easy.