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.
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
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.
Loan Amount of Your Choice
Borrow any amount starting from Rs.5,000 and going up to Rs.10 Lakh
Collateral Free Loans
No need to commit any assets or arrange for guarantors
Quick Disbursals
Get the loan amount in your bank account within 24 hours of approval
Affordable Interest Rates
Interest rates start from 14% per annum
1
Determine Eligibility
Determine if you are eligibile on the Moneyview site or app in just 2 minutes!
2
Decide Your Repayment Schedule
Decide on your loan value and repayment schedule from the choices available.
3
Provide Your Documents Digitally
Provide minimal documentation to confirm your profile by effortlessly uploading them online.
4
Amount Credited
Upon verification and agreement completion, your loan amount will be credited to your bank account in 24 hours!
What Are Some Examples Of Consumer Durable Goods?
Some of the popular consumer durables are -
Is a consumer loan bad for your credit score?
What is the maximum limit for consumer loan?
What happens if a consume durable loan is not paid?
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