Consumer Durable Loans

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 -  

• Your age must be between 21 years and 57 years

• Your income must be credited directly to your bank account

• If you are salaried, your minimum in-hand income should be Rs.13,500

• If you are self employed, your minimum in-hand income should be Rs.15,000

• You should have a minimum CIBIL or Experian score of 650

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 - 

• Confirm or enter your PAN number 

• Ensure that your mobile number is linked to your Aadhaar card for KYC verification

• Provide a clear selfie taken in a well-lit area 

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 - 

• Aadhaar Card

• Valid Indian Passport

• Valid Voter ID

• Valid Driver’s License

• Utility Bills (Electricity, Water, Gas) dated within the last 60 days 

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.

Conclusion