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Consumer durable loan – Because your home deserves the best

By Finserv MARKETS - Aug 21,2019
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Everything about Consumer Durable Loan

Everyone wants to keep up with the latest trends. Today, anyone and everyone can access the internet to find out the most recent global design trends, household trends, along with reasons to upgrade. Whether you’re moving into a new house or want an upgrade on your current consumer goods, you are going to need finance. With electronics becoming increasingly expensive and the longevity of these durables continuously declining, the need to change durable goods becomes inevitable.

The Indian appliance and consumer durables market is valued at close to Rs. 2.05 trillion.

Another reason why people are willing to splurge on the latest consumer goods is the convenience that these appliances offer. Our dependence on devices is increasing by the day because of the way it is transforming our lives. With no time left for ourselves, lives have become more hectic than ever, and thus, we resort to these durable goods to make our lives simpler, isn’t it? If you are someone who is willing to take the plunge of turning your home into a smart home, then you must consider what we’re about to tell you. You can now bring home the latest consumer durable goods, without burning a big hole in your pocket with Personal Loans at Finserv MARKETS – Consumer Durable Loan.

Let’s first understand what consumer durable loan is?

A consumer durable loan is a loan that can be availed to buy household appliances, goods, or even personal devices. This can include air-conditioners, laptops, refrigerators, mobile phone, cameras, theatre system, modular kitchens, and other such devices.

How much loan can be availed through the Personal loan at Finserv MARKETS for consumer durables?

Loan amounts vary from one lender to another. Finserv MARKETS makes available deals and loans on consumer durable goods of up to 2 lakh rupees. Personal Loans availed through the Finserv MARKETS can be converted into easy EMI option. So, if you want to buy a laptop that costs around 2 lakhs, then don’t overthink.

What is the interest rate on a Personal Loan at Finserv MARKETS?

The interest rate depends upon various factors, such as your creditworthiness, tenure of the loan, lender conditions, loan amount, etc. When you apply for a Personal Loan at Finserv MARKETS through the Finserv MARKETS, you get a detailed break-up of the charges, telling you exactly why we’re charging what we’re charging. There is transparency that leads to brand loyalty. So, you no longer have to worry about high-interest rates and other hidden fees.

Are you eligible to avail a consumer loan?

Eligibility, again varies from one lender to another. To be eligible to avail a Personal Loan at Finserv MARKETS, you must be between 21 to 60 years of age, and must have a regular source of income.

You can now purchase the latest electronics at the Finserv MARKETS online.

If not, then you can check your eligibility instantly by submitting the required details.

As of 2018, the consumer durable loan market has seen a 32% spike.

This figure indicates that the mentality of Indians is changing. Earlier people seldom took the loan route to buy an appliance; now they are getting more comfortable with availing loans. Another startling difference is that earlier banks were the only lenders. While there were other lenders, the interest rate was too high, or there was a lack of transparency. Now the lending market is highly regulated, and NBFCs such as the Finserv MARKETS have started lending money.

In India, the market is extremely price sensitive, and people usually buy mostly during the festive seasons. The reason being that most people redo their homes just before major festivals. Because of this consumer sentiment, most sellers announce festive sales during the peak season and offer huge discounts on consumer durable goods. Research showed that during the festive season sale, e-commerce alone chalked out sales of nearly 1.5 billion rupees across the country.

Therefore, if you too want to upgrade your lifestyle and bring home the latest tech, then don’t hesitate. Avail the Personal Loan at Finserv MARKETS for consumer goods today and make the most of the modern technology.

Finserv MARKETS, from the house of Bajaj Finserv, is an exclusive online supermarket for all your personal and financial needs. We understand that every individual is different and thus when you plan to achieve your life goals or shop for the gadget of your dreams, we believe in helping you Make it Happen in a few simple clicks. Simple and fast loans application processes, seamless, hassle-free claim-settlements, no cost EMIs, 4 hours product delivery and numerous other benefits. Loans, Insurance, Investment and an exclusive EMI store, all under one roof – anytime, anywhere!

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Bajaj Finserv Direct Limited ("BFDL"), erstwhile Bajaj Financial Holdings Limited is a registered corporate agent of Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited under the IRDAI composite registration number CA0551 valid till 10-Apr-2021. BFDL also renders services to Bajaj Finance Limited (‘BFL’) and Bajaj Housing Finance Limited (‘BHFL’) (referred hereinafter as ‘Lending Partner’) in sourcing of customers, providing preliminary credit support activities, fulfilment services and post-acquisition customer services related to lending business. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522