Features and Benefits of Consumer Durable Loans


Flexible Loan Amount

Choose a loan amount from Rs.5,000 to Rs.10 Lakh


24 Hour Disbursement

Once your loan application is approved, your loan amount will be credited to your account within just 24 hours, in most cases


No Collateral or Guarantor

There is no need to arrange for a guarantor or pledge any collateral as these are unsecured loans


Low Interest Rates

At moneyview, the interest rate starts at just 1.33% per month


100% Paperless

Enjoy a complete online process, right from application to loan disbursal


Flexible Repayment Term

You can choose a repayment term starting from 3 months to 60 months based on your eligibility


Loans on Low Credit Score

At moneyview, you can get a personal loan with a CIBIL or Experian score of just 650


Instant Eligibility Check

Check your eligibility on the moneyview website or the app within just 2 minutes

Consumer durables are gadgets and devices that are designed to last for a long time and yield utility over time. Most of your household appliances will fall under this category. 

These devices can often be expensive, and availing a loan to buy them is common practice. While there are many consumer durable loan companies, you can opt for a moneyview personal loan and use the funds to purchase the gadgets of your choice.

Eligibility Criteria for a Consumer Durable Loan

The eligibility criteria for a moneyview consumer durable loan or personal loan are very inclusive. To be eligible for a consumer loan, you must fulfill the following criteria -  

Documents Required to Apply for a Consumer Loan Online from moneyview

The documentation required for applying for a consumer loan or a personal loan from moneyview is minimal. All you will have to do is - 

Please note that the documentation requirements will vary based on your profile. You may be required to upload proof of address, bank statement, and other supporting documents. 

In case you are required to upload proof of address, any one of the following documents will suffice - 

In case you are required to upload proof of income, you must furnish your bank statement for the last three months. This statement must also show your salary credits.

How to Avail a Consumer Durable Loan from Money View


Check Eligibility

Provide a few basic details to check your eligibility in just 2 mins!


Select Loan Tenure

Select the loan amount and the repayment term based on your requirement and the options provided.


Upload Documents

Easily upload all of the necessary documents online for verification


Amount Disbursed

After your documents are verified and the loan agreement is submitted, the loan amount will be credited to your bank account within 24 hours.



Consumer durables often are expensive but make our lives easier. Since these are not replaced very frequently, it makes sense to choose one which has better quality, which again means a higher price. 

You can choose the product of your choice while personal loans from moneyview for consumer durables can take care of the funds. To know more, visit our website or download the moneyview app.

Consumer Durable Loan - Related FAQs

Some of the popular consumer durables are -

  • Television/Home Theatre system
  • Electronic gadgets like laptops, mobiles
  • Washing Machine
  • Microwave Oven
  • Refrigerator
  • Mixer Grinder
  • Coolers, heaters, and Air-Conditioner
  • Vacuum Cleaner
  • Hob/Cooktops

A consumer loan affects your credit score just like any other loan. If you pay the EMIs on time, it is not bad for your credit score, in fact it can improve your credit score.

The maximum limit of consumer loan, just like that of any other loan, depends on multiple factors like your income, credit score, payment history, etc.

You can close a consumer loan by paying off the whole amount either in EMIs or as lumpsum.

If a consumer durable loan is not paid, the lender might increase the interest rate, levy fines and other charges. Eventually not paying a consumer durable loan will affect your credit score negatively.


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