Consumer durables are a very important part of our modern lives. Appliances like refrigerators, mobile phones and washing machines add efficiency, convenience and comfort to our lives. Consumer durables also facilitate entertainment and leisure in our lives.
In case you need to borrow money to shop these things and enrich your life, you can easily get an online consumer durable loan from Zype. You can download the app and get money up to ₹5 lakhs without pledging any collateral. Since it is a no-questions-asked loan, you can buy any consumer durable you want once the money gets credited to your account which takes less than 24 hours after applying for the loan.
A consumer durable loan is a type of personal loan offered by Banks and NBFCs to buy household goods, electronic appliances and other products. You can avail this loan to buy things like a mobile phone, home theatre system, laptop, camera, vehicle, etc.
When you avail a consumer durable loan, you get to choose from different repayment tenure options. You can choose an EMI option as per your budget and convenience. For example – When you borrow money from Zype, you can repay the loan in 6, 9 or 12 EMIs. Click here to apply for a personal loan now.
If you want to get a personal loan to buy consumer durables at affordable interest rates, download the Zype app now. The interest rates for Zype instant loans start at as low as 1.5% per month.
It is possible to borrow money to buy the home appliance of your dreams without completing any documentation. You can get a personal loan from Zype without uploading any documents or completing any physical paperwork
Buying a consumer durable shouldn’t come with a financial burden. With Zype, you get the option to pay off your loan in 6, 9 or 12 EMIs.
No need to wait unnecessarily to procure funds. Get loan approval under 60 seconds from Zype and enjoy loan disbursal in 2-24 hours.
If you need to borrow money from a loan company to buy consumer durables, they will ask for documents to verify your identity, assess the risk and prevent any kind of fraud.
To get a consumer durable loan without submitting or uploading any document, download the Zype app right away. You only need to do this during the loan application to get money in your account –
You would need to do a real-time selfie verification to complete the KYC process.
You would need to do a real-time selfie verification to complete the KYC process.
Get a consumer durable loan for a low cibil score without submitting income proof. Zype only asks for bank statements of the last four months if you want to increase your credit limit.
Lenders need to ensure that you are a credible borrower. For that, they have a set of eligibility criteria. They evaluate factors like citizenship, age, income, credit score and repayment history.
Before applying for an online consumer durable loan, you should have a look at their criteria and avoid too many applications. Here is Zype’s eligibility criteria to get a personal loan for consumer durables –
Applicants must be at least 18 years old
Valid PAN & Aadhaar card
Minimum monthly salary = ₹15,000
Whether you want to buy an air-conditioner, a video game console or any other consumer durable, ensure that you get a low-cost online consumer durable loan and save money. For that, you should borrow money from loan apps like Zype which gives low-cost personal loans. Check out the interest rate and other charges of Zype –
| Loan Amount | ₹3,000 to ₹5,00,000 |
|---|---|
| Interest Rate | Starting at as low as 1.5% (monthly) |
| Loan Processing Charges | Processing fees from 2% to 6% on every loan |
| Interest on Overdue EMIs | Penal interest & late fees will be charged to your total outstanding loan on daily basis |
| Loan Tenure | 6-12 months |
Now that you know what is consumer durable loaan, let’s see the steps to get loans up to ₹5,00,000 from the Zype app and buy the consumer durables of your choice –
1) Download the Zype instant loan app from Play Store or App Store and enter basic details like name, PAN, mobile number and employment information.
2) After this, your loan offer will be unlocked in less than 60 seconds.
3) Complete the KYC process by taking an online selfie, entering your Aadhaar number and verifying the same with OTP.
4) All you need to do now is enter the loan amount and repayment tenure. The money will be transferred to your account.
You can get a personal loan for consumer durables from Zype if you have a minimum monthly salary of ₹15,000 and a valid PAN and Aadhaar card.
Zype gives no-questions-asked consumer durable loans up to ₹5 lakhs. You can buy any product you want after getting a loan approval under 60 seconds.
Consumer loans is a type of personal loan which you can avail to for small and big ticket expenses like buying a vehicle, furniture, appliances, gadgets, etc without pledging any collateral. Click here to get loans up to ₹5 lakhs in less than 5 minutes.
Lenders evaluate multiple factors in order to give you a consumer durable loan like your income, credit score, repayment history and debt-to-equity ratio.
Different lenders have different criteria for a minimum CIBIL score. A CIBIL score above 700 is usually perceived as a good score. Click here to get a consumer durable loan for low cibil score from Zype.
The consumer durable loan offered by Zype is an unsecured loan. You can borrow up to ₹5 lakhs without pledging any collateral by downloading and completing the quick application process.
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