You may choose from a large variety of high-end products for your home. These commodities help to improve your quality of living. However, such products may be expensive and you may not have the entire amount required to make the purchase.

Consumer durable loans are funding options available for purchasing such items. Several banks and non-banking financial companies (NBFCs) offer such credit facilities. The specific features may vary from one institution to another. However, very often Consumer durable loans come with 0% interest benefit. This is because the manufacturer or the retailer bears the interest cost for the benefits of the buyers.

You may use your credit card to purchase consumer durable products. However, Consumer durable loans entail certain benefits, such as 0% interest, flexible Equated Monthly Installment (EMI) option tenure and low down payment.Consumer durable loans allow you to conveniently repay the loan through EMI without your credit card limit being blocked.

Here are three features and benefits of Consumer durable loans

  1. Finance different types of products

NBFCs like Capital First fund a large variety of consumer durables. You may purchase products, such as digital camera, laptops,tablet and smartphone without a credit card.

  1. Flexibility tenure

Lenders offer a loan amount between INR 8,000 and INR 5 lakh. This ensures you are able to buy the latest smart phone. In addition, you may choose the flexible tenure based on your current financial situation to ensure you do not face difficulties in making timely payments.

  1. Quick approval

When you apply for a consumer durable loan, you need to submit only a few documents. In addition, the entire procedure is completed within a few days. This allows you to quickly purchase your new smart phone.

Various lenders like Capital First offer an online platform through which you can apply for a Consumer durable loan. This will allow you to instantly avail of a loan and purchase your dream smart phone without any hassle

Click here to get more details on the procedure of applying for a consumer durable loan.

By Eddy

Eddy is the editorial columnist in Business Fundas, and oversees partner relationships. He posts articles of partners on various topics related to strategy, marketing, supply chain, technology management, social media, e-business, finance, economics and operations management. The articles posted are copyrighted under a Creative Commons unported license 4.0. To contact him, please direct your emails to

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