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. While these products are slightly expensive, availing a consumer durable loan from Money View will be advantageous.

How to Avail a Consumer Durable Loan from Money View

Follow the steps given below to easily get a consumer durable personal loan from Money View -

Check your eligibility

Provide all the details required and we will let you know your eligibility in just 2 minutes

Select Your Loan Plan

Based on the options given, you will have to select the loan amount and repayment term of your choice

Provide Required documents

Easily upload all of the necessary documents online for verification

Instant Loan Disbursal

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

Note -

  • Once your documents are verified, you will receive a NACH form which needs to be printed, signed, scanned, and sent back to us
  • This step will enable the auto-debit facility from your bank account and allow you to pay your EMIs on time automatically without the need for any manual intervention
  • On receiving your NACH form, you will need to review the loan agreement on the app. Please submit the application after reviewing all the terms and conditions thoroughly

Eligibility Criteria for a Consumer Durable Loan

Given below is the eligibility criteria for a personal loan or consumer loan from Money View -

  • Applicants must be between 21 years and 57 years
  • Income must be credited directly to the applicants’ bank account
  • Minimum in-hand Income and Credit Score requirement is as follows-
Income and Credit Score Eligibility Criteria*
Salaried Individuals Minimum In-Hand Income Area of Residence CIBIL Credit Score Requirement
Rs 13,500 Any CIBIL Score of 600 /Experian Score of 650 and above
Rs 20,000 Mumbai/Thane or the NCR region (Delhi, Noida, Gurgaon, Ghaziabad, Faridabad, etc.) New to Credit or CIBIL Score of 600 /Experian Score of 650 and above
Rs 15,000 Metro City other than Mumbai and NCR CIBIL Score of 600 /Experian Score of 650 and above
Self-Employed Individuals Rs 15,000 Any CIBIL Score of 600 /Experian Score of 650 and above

Features and Benefits of Personal Loans in Kerala

24 Hour Disbursement

Your loan will be credited within a day after your loan application has been approved

Low Interest Rates

Our interest rates are affordable and start at just 1.33% per month

Flexible Loan Amount

Depending on your eligibility you can choose any loan amount of upto Rs. 5 lakhs

Flexible Repayment Term

Depending on your eligibility, choose repayment tenure of up to 60 months

Instant Eligibility Check

Before applying for the loan, applicants can visit the Money View website or download the app to check their eligibility which will only take 2 minutes

Loans for Low Credit Score Applicants

The minimum CIBIL score of 600 or Experian score of 650 is necessary

Completely Online

The entire process from application to disbursal is quick and hassle-free

No Collateral or Guarantor

There is no need for a guarantor or collateral for Money View personal loans

In Conclusion

Consumer durables is a product that is made to last and produce benefits for a long time. The cost of the consumer durables can range anywhere between a few thousand to lakhs of rupees depending upon your preferences. Since these are not replaced very frequently, it makes sense to go in for a good quality one. You can purchase high-quality products with the Money View personal loan for consumer durables and not worry about the expenses. Visit the Money View website or download the app to apply now.

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

You can avail a personal loan from Money View to pay for your consumer durables with the following documents -

Identity Proof Address Proof Income Proof
PAN Card - This is the primary ID proof required. However, if it is rejected due to image quality issues or other reasons, any 1 of the officially valid documents given below will suffice)
  • Aadhaar Card
  • Valid Indian Passport
  • Valid Voter ID
  • Valid Driver’s License
Any 1 of the following -
  • Aadhaar Card
  • Valid Indian Passport
  • Valid Voter ID
  • Valid Driver’s License
  • Utility Bills (Electricity, Water, Gas) dated within the last 60 days
Salaried Applicants - Last 3 months’ bank statements of your salary account in PDF format showing salary credits
OR
Self-Employed Applicants - Last 3 months’ bank statements in PDF format if you are self-employed
Fees & Charges Amount Chargeable
Interest Rate Starting from 1.33% per month
Loan Processing Charges Between 2% to 8% of the approved loan amount
Interest on Overdue EMIs 2% per month on the overdue EMI/Principal loan amount
Cheque Bounce Rs.500/- each time
Loan Cancellation
  • No additional charges levied
  • Processing fees will also be retained