Hello Salaried Kinds! In case any of you are married and are reading this, trust us when we say that, your wife knows what she’s asking for. “Garmi mein jaan nikal rahi hain, AC kab la rahe ho?”
Or if she needs the best refrigerator to be bought, you need to get it. If the old kitchen needs a ‘trendy modular kitchen’ makeover, then so be it. Thanks to wives like these consumer durables will never go out of fashion in India.
When we were kids, the grinder was upgraded from two heavy grinding stones to an automatic version which spun the stone. Chopping vegetables was made easier thanks to a chopping board, and progressed to the current automatic chopper. Products that are designed, manufactured and sold to upgrade our daily living are consumer durables. Without them, we face hassles in our daily life.
What is a Consumer Durable Loan?
Consumer durable loans are a finance option for the purchase of household items such as refrigerators, AC, washing machines, LED TV, microwaves. Consumer durable loan also envelopes lifestyle products such as laptops, PS4s and XBOXs.
Why is a Consumer Durable Loan needed?
Consumer durables are not cheap. The best products are always branded. We need to get the best durables to better our lives; we need to seek the best brands. Better brands guarantee longevity of the products, provide value for money and are manufactured using the best parts.
Sure, you can look for brands that provide online discounts that are just smart shopping. Offers, flash sales, cash-backs etc. are all part of the overall marketing strategy employed by brands to make us buy more. Buying more and discounts are fine but sometimes the amount reduced to even after a discount is so large that it is still possible to leave a hole in our pockets. So, what do we do? Go get a quick online personal loan!
Summer is already here. Purchasing a brand-new air conditioner is paramount. Are you capable of shelling out close to Rs.60000 without a hitch? Great, if you can do so. But isn’t it sensible to pay that same Rs.60000 in installments rather than a single payment?
Which are the popular consumer durable products?
The above mentioned Air Conditioner is a great example. Some other costly items in the category include
- An audio system to remind your neighbors of your love for Beatles or Metallica
- A surreal home entertainment system
- A cool chimney for your fireplace
- Playstation or Xbox to relieve work-related stress
- If there’s no fireplace, get one (perfect for winters in Delhi)
- Rustic furniture for your living room
- Don’t miss a moment of the forthcoming World Cup, thanks to an invertor
- Allow your wife to impress her mother-in-law with state of the art kitchenware
- Create instant icicles and ice cubes with a brand-new refrigerator
- The IPL is going on now, so an Ultra HD LED TV will prove beneficial for here
- Combine your travel personal loan with purchase of a DSLR camera that can capture those special moments
- Nailed your first corporate job? A new Dell/Lenovo/Toshiba laptop needs to be bought
- If you haven’t heard, the iPhone 7 or Samsung S9 is easily available on EMI
Who is the best Consumer Durable Loan provider?
Don’t listen to your uncle’s friend’s third cousin for advice. Get online and search for ‘Loan Singh’. Consumer durable loan is a financial opportunity that is not offered to everyone. Being salaried for at least 6 months, with no credit blemishes, are the traits of someone who can avail a consumer durable loan with Loan Singh.
Smart persons will raise their hands like high school nerds and say, “We can buy these products with our credit cards as well, why opt for a consumer durable loan?” That’s a good retort but understand that credit card loan and personal loan are 2 different credit instruments. We at Loan Singh want you to upgrade your aspirations and your lifestyle. There is no harm in upgrading your gadgetry. A whole new range of smartphones is being released with awesome features each year. So, why not join the winds of change. Loan Singh’s finance blog lets you read about everything related to unsecured loans in India.
Loan Singh’s hassle-free process and quick approval consumer durable loans are perfect for salaried individuals like you who are too busy to even breathe. The attractive EMIs and interest rates at Loan Singh, make consumer durable loans affordable to repay back. Add luxury to your mundane lives without putting too much strain on your finances. Your dreams are our dreams. We at Loan Singh help turn your dreams into reality. Brand new appliances and electronic products are also needed in case you are relocating due to your job. The job relocation personal loan at Loan Singh helps cover exactly this.
Loan Singh’s easy EMI calculator can help you understand how much you need to pay in order to clear your consumer durable loan. The calculator only needs your intending loan amount and tenure for telling you how much you need to pay each month. The consumer durable loan can be availed between Rs. 50000 and Rs. 500000.
Loan Singh Benefits For Consumer Durable Loan
Before you jump on to the instant personal loan bandwagon, keep in mind the following consumer durable loan related pointers.
- Swift processing
At Loan Singh, everything from application to disbursement happens online. With only Aadhaar, PAN and Bank statement/netbanking credentials, you can apply for a consumer durable personal loan and pay for your emergency financial requirements.
- No collateral
Having no collateral requirement gives a personal loan an advantage over the secured loan. Even if you do not own any assets, you can at least get the funds from Loan Singh.
- Instant approval
If you provide your Aadhaar card, PAN card, and latest 6 months (netbanking downloaded, salaried account’s) bank statement, then you can almost surely get an instant approval. Your credit score needs to be good as well. For first timer credit applicants, the last 6 months statement is enough.
- Multiple purposes
An online personal loan can be availed for a number of purposes. The purposes of loan can range from the purchase of household home appliances, electronic gadgets, debt consolidation, purchase of gold, holiday travel, instant emergency loan, home improvement loan, job relocation loan, medical loan, home renovation loan, second-hand vehicle loan to wedding loan, etc.
- Loan amount and tenure
The loan amount for a personal loan at Loan Singh can range from Rs.50000- Rs.500000. The repayment is done via EMIs, with interest rates on reducing balance method. The personal loan tenure can be from 3 to 36 months.
- Equated monthly installments
You can find out about the EMI amount you will be required to pay each month by making use of Loan Singh’s personal loan EMI calculator. You can avoid the default in EMI payments by providing Loan Singh with permission to auto-debit the EMI amount before the EMI repayment due date. Your personal Loan Singh dashboard allows you to track past EMI payments, pending EMIs and tenure remaining.
- Hassle free process
The personal loan process at Loan Singh is hassle-free because there is no hefty paperwork or running from bank to bank or filling multiple forms. You can apply for a personal loan right from your home and get the loan approved in just a few clicks.
- Information security
With Loan Singh being SSL (Secure Socket Layer) certified; all your personal and financial information submitted remains private and protected. You also don’t have to worry about the physical storage of approved documents or attested photocopies like in traditional lending processes.
- Prepayment penalty
At Loan Singh, you can clear a personal loan ahead of tenure and pay no prepayment penalty, unlike banks.
Loan Singh is a digital lending platform that prides in providing an unsecured online loan to salaried individuals. You can apply for instant funds with instant approval. An easy emergency loan can be availed in the form of a personal loan, which is not a bank loan. You receive a low personal loan interest rate. This instant loan, which is basically a quick loan, can be paid via easy EMI and can be availed for a number of loan purposes such as:
- Home improvement loan/Home renovation loan
- House repair loan
- Marriage loan/ Wedding loan
- Medical loan
- Second-hand car loan
- Second-hand bike loan
- Second-hand vehicle loan
- Consumer durable loan
- Vacation loan
- Shopping loan
- iPhone loan
- Debt consolidation loan
- Credit card refinancing loan
- Job relocation loan
- Travel loan
- Festival loan
- Shopping loan
You can calculate your easy emi using our personal loan emi calculator. We accept bank statement, PAN, and Aadhaar for instant loan pre-approval. A bad credit score or credit report errors can lead to personal loan rejection. Personal loan defaulter consequences can also ruin your credit score. Improve your credit rating by avoiding emi repayment default. The ‘Loan Singh Blog’ is one of the best finance blogs in India.
Loan Singh’s Online Presence
Loan Singh is not an anonymous digital platform. We are present on almost all leading social media platforms. All you need to do is look for us. Some destinations you can find us on are:
- Loan Singh on Facebook
- Loan Singh on Twitter
- Loan Singh on Youtube
- Loan Singh Pinterest
- Loan Singh on Instagram
- Loan Singh Blogarama
- Loan Singh Google Review
- Loan Singh Medium Blog
- Loan Singh Reddit Blog
- Loan Singh Tumblr Blog
- Loan Singh Scoop It Blog
- Loan Singh Storify Blog
- Loan Singh Digg Blog
- Loan Singh Blogger
- Loan Singh Lymelight
- Loan Singh Justdial