Consumer Durables Loan In India- A Soft Touch To All Your Worldly Hankerings!

Keeping the household equipped with state of the art amenities and gadgets has become the most pressing need today not just to keep us going in these times of contemporary living but to give an edge to our standards of living as well.

Well, you might have been saving up for being able to purchase something you have wanted to. But with the costs of consumer durable appliances stepping up every year, getting a washing machine making trends in the market or the laptop you have been eyeing at for a long time seems next to impossible. At such times, pin faith on consumer durables loan in India to let your dream home envisions emerge into reality.

You no longer to have to live through no-spend days and tighten your belt with rigid expenses as consumer durables loan in India up to five lakh is at your disposal.

Eligibility criteria to check off before taking the plunge!

Consumer durables loan in India is unwavering in its long-standing promise of keeping all your needs and wants of the ultimate modern life in good shape. Everything from jewellery, microwave ovens to even a car can be in your possession if you keep a few eligibility criteria in your mind for availing consumer durables loan in India.

1. An Indian citizenship
2. The age range of 21-60 years
3. An active bank account
4. Salaried or self-employment
5. A minimum monthly income of Rs. 12000 in the case of salaried employment and Rs.15000 for the self-employed

Consumer durables loan in India quick as a flash!

For availing the consumer durables loan in India, you don’t have to put up with grinding formalities and paperwork. Download the personal loan app to get started with a process that just takes an hour or two to get the consumer durables loan in India transferred to your bank account.

1. After logging in to the personal loan app, a few basic questions regarding your personal and employment details have to be filled in. This is just to make sure you are in line with the eligibility criteria. The personal loan app makes it possible for you to keep a tab on your application status.

Once the details have been assessed, a credit line will be assigned to you within a few minutes. You need to decide on the loan amount and EMI repayment duration based on the credit line.

2. A few documents need to be uploaded on the personal loan app as part of the KYC process.

• Proof of identity: Aadhaar card, Voter ID or PAN card
• Proof of address: Aadhaar card, utility bills or rental agreement
• Proof of income: Bank statements of the previous three months
• Photograph: A Passport-like picture is good to go

The loan approval process will take place at full speed within two working hours after all these documents have been verified for its authenticity. You don’t have to go out of the way to find out whether your loan has been approved. An SMS and email regarding the loan sanctioning process will be sent. NACH form and loan agreement conditions need to be signed after perusal.

3. The money will be credited to your bank account after the online document verification process has been done and dusted.

Get down to EMI payments faithfully!

EMI repayment process is something that needs to be taken on seriously after the consumer durables loan in India has been availed by you. The NACH form signed during the loan approval process makes repayment schedules a cakewalk with auto-deduction of EMI from the bank account linked to the loan. All you need to make sure is that it has sufficient balance for smooth deduction of EMIs’ on the third of every month. A fee of Rs.500+GST is applicable in case of delayed payments.

Notifications will be sent if you fail to make EMI payments on the mentioned date. Non-payment of EMIs’ even after constant reminders will cause a setback to your CIBIL score and availing consumer durables loan in India will render itself to be an uphill struggle for you in the coming days.

Upgrade your lifestyle to the next level with consumer durables loan in India!

The responsibility of consumer durables loan in India ends right with the deposit of funds to the bank account linked with your loan. You don’t have to trouble your head with purchase invoice submission or restricting the usage of the loan for a specific appliance. Consumer durables loan in India gives you the breathing space to get whatever and how many ever products you want as long as it falls within the bracket of the loan amount disbursed to you. So what are you waiting for? Ditch the money-hoarding methods and grab a consumer durables loan in India for getting everything it takes to keep your lifestyle tip-top!

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