A ‘durable product’ is something that stays working for the longest time. An example would be, the laptop you purchased when you were in college, and 8 years later is still in use. But, those one-offs. With passage of time, and possibly some unfortunate incidents related to malfunctions, short circuits or fire, the shelf life of a ‘consumer durable product’ can go kaput.
Your wife could need a trendy modular kitchen replete with a brand-new refrigerator. Or she could want a complete refurbish of the current kitchen cabinet, replete with a washing machine, a dishwasher, cabinets or cupboards. Some of you salaried individuals could do with a change in your current laptop as well. The IPL is best experienced on a massive LED TV. There is a feast of sporting events coming up after the IPL which includes, the final stages of the UEFA Champions League, ICC Cricket World Cup and Copa America.
Throughout this week, we will cover everything with regards to consumer durable products. Home appliances, electronic appliances, home improvement and home renovation are all facets of consumer durables. Today, we will simply look at what are the broader consumer durables we buy and how you can fund your requirements to get the best products in the consumer durable range.
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Consumer Durable Products
Some examples of day-to-day consumer durable products are:
- Audio system – To make your neighbors listen to your playlist
- Home entertainment system (of the home theatre ilk)
- A cool chimney for your fireplace
- Air conditioner – To beat the heat
- If there’s no fireplace, get one (perfect for winters in Delhi)
- Rustic furniture for your living room
- An inverter to help you with occasional monsoon power cuts
- 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
- An Ultra HD LED TV will also prove beneficial to enjoy Netflix or the IPL
- A DSLR camera that can capture those special moments
- A new Dell/Lenovo laptop for work
- The latest flagship smartphone to flaunt
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Consumer Durable Loan
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 is 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? Get a quick online personal loan!
Don’t listen to your uncle’s friend’s third cousin for advice. Get online and search for ‘consumer durable loan’. The search results will take you to www.loansingh.com. Consumer durable loan is a financial opportunity that is not offered to everyone. You need to be salaried and earning more than Rs. 20,000 per month. Being salaried for at least 6 months, with no credit blemishes, is the eligibility to avail a consumer durable personal loan from Loan Singh.
Smart people 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 personal loan?” That’s a good retort, but understand that credit card loan and consumer durable loan are 2 different credit instruments.
If banks are slow to provide a quick consumer loan digitally, then which is the best online personal loan website to trust? Despite India’s digital lending sector still being in growth phase, one Fintech player has managed to tread farther than others in the segment.
The name of this Fintech is Seynse Technologies. Seynse Technologies are not just developers of Loan Singh – a digital lending platform; but also is a proud partner in launch of the Airtel Online Store.
Consumer Durable Loan Eligibility
- Only salaried individuals or salaried professionals can apply for the personal loan
- The minimum monthly salary for applying for a personal loan is Rs.20,000 and above
- You must be an Indian obviously and of the minimum age of 21
- Loan Singh only accepts latest 6 months bank statement in PDF format
- First time loan applicants can also apply for the loan
Consumer Durable Loan Benefits
Before you jump on to the personal loan bandwagon, keep in mind these consumer durable loan pointers.
- Swift processing
At Loan Singh, everything from application to disbursement happens online. With only PAN and bank statement/netbanking credentials, you can apply for a consumer durable loan and pay for your emergency financial requirements.
- No collateral
No collateral required, gives a personal loan an advantage over the secured loan. Even if you do not own any physical assets such as your secured house or car, you can still apply for an unsecured personal loan 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 loan 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 appliances, electronic gadgets, debt consolidation, purchase of gold, holiday travel, instant emergency loan, home improvement, job relocation, medical expenses, home renovation, purchase of used vehicles, to wedding or marriage loan, etc.
- Loan amount and tenure
The loan amount for a personal loan at Loan Singh can range from Rs. 50,000- Rs. 10,00,000. 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.
About Loan Singh
Loan Singh is a digital lending platform that prides in providing online personal finance loan or unsecured personal loan to salaried individuals. You can apply for quick funds as an easy emergency loan which is not a bank loan. We provide a loan with the best personal loan interest rates. The instant funds, or instant loans, are loans between Rs. 50,000 and Rs.10,00,000 taken for purposes such as:
- Home improvement loan/Home renovation loan
- Marriage loan/ Wedding loan
- Medical loan
- Used vehicle loan
- Consumer durable loan
- Vacation loan
- Debt consolidation loan
- Credit card refinancing loan
- Job relocation loan
- Smartphone loan
- Travel loan
- Festival loans
- Gold jewelry loan
- Shopping loan
- Lifestyle loan
- Short term loans
You can calculate your easy EMIs using our personal loan EMI calculator. We accept bank statement and PAN, for quick loan approval. A bad credit score or credit report errors can lead to personal loan rejection. The ‘Loan Singh Finance Blog’ is one of the best finance blogs in India. Loan Singh is a product of Seynse Technologies Pvt Ltd, which is one of the pioneering personal loan companies in India and is a partner to the Airtel Online Store.
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. You can find us on Loan Singh Facebook, Loan Singh Twitter, Loan Singh Google+, Loan Singh YouTube, Loan Singh Pinterest, Loan Singh Instagram, Loan Singh LinkedIn, Loan Singh Blogarama, Loan Singh Google Business, Loan Singh Bank Bazaar, Loan Singh Medium, Loan Singh Reddit, Loan Singh Tumblr, Loan Singh Scoop It, Loan Singh Feed, Loan Singh Storify, Loan Singh Digg, and Loan Singh Blogger.
Loan Singh In The News
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