Home appliances
Refrigerator, washing machine, mixer, water purifier and kitchen equipment.
நுகர்வோர் கடன்
Consumer Loan
Spread the cost of the things a home actually needs.
Overview
A refrigerator, a washing machine, a gas connection, a bed for the children's room — these are not luxuries, and paying for them out of one month's earnings is what pushes a household towards a moneylender. A consumer loan spreads that cost over a short, defined period at a rate you can see.
We finance home appliances, electronics, furniture and other household essentials. Tenures are deliberately short, because the goods should not outlive the debt, and instalments are sized so that the loan closes without becoming a permanent fixture in your monthly budget.
This is also the product where comparing matters most. Before you sign, look at the total amount payable, not the instalment alone. We will show you that figure, and if a shorter tenure would cost you materially less, we will say so.
Household goods financed
Appliances, electronics, furniture and fittings for the home.
Short tenure by design
The loan is structured to close well within the useful life of the goods.
Simple documentation
A compact KYC and income set, with a decision that does not take long.
Total cost shown up front
You see the full amount payable, not just the monthly figure.
Common uses
What members use this loan for
Electronics
Television, mobile phone, laptop and other family electronics.
Furniture & fittings
Beds, almirahs, seating and fittings for a new or renovated home.
Before you apply
Eligibility & documents
Final eligibility is always confirmed after appraisal, as per prevailing Government norms.
Who can apply
- Indian resident, generally 21 years or above at application
- Regular income from salary, business or profession
- Valid KYC and an active bank account
- Satisfactory repayment record on existing borrowings
Documents to keep ready
- Aadhaar and PAN
- Recent passport size photograph
- Address proof
- Bank statement for the last 6 months
- Salary slips or business income proof
- Quotation or invoice for the goods being financed
Plan your instalment
Estimate your EMI
The sliders start at a typical figure for this product. Move them to match your own plan.
₹10,000₹1 Cr
6%26%
6 months20 years
Monthly EMI
₹0
Principal₹0
Total interest₹0
Total payable₹0
Instalments0 months
Indicative only. Rates shown are illustrative and are not an offer. Your actual rate, fees and eligibility are confirmed at sanction as per Government norms.
Apply with these figures
Questions
Consumer Loan — frequently asked
Can I buy from any shop?
In most cases yes, against a proper invoice. Where we have an arrangement with a dealer the process is quicker, but you are not restricted to those dealers.
Is there a minimum loan amount?
Yes, there is a practical minimum below which the paperwork costs more than the loan saves you. The branch will confirm the current figure.
Can I close it early?
Yes, and on a short-tenure loan early closure saves real money. Foreclosure terms are stated in your sanction letter.
Do you finance second-hand goods?
Generally no. Consumer finance is offered against new goods supported by a valid invoice.
Ready to apply for your consumer loan?
Send us your details and a member of our team will call you back to confirm eligibility and the exact documents you need.