If you are married and reading this, trust us when we say that, the wife knows what she’s asking for. 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. Consumer durables will never go out of fashion.
When we were kids, the grinder was upgraded from 2 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 makes a Consumer Durable Personal Loan perfect?
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!
Summer is already here. Purchasing a brand-new air conditioner is paramount. Are you capable of shelling out close to Rs.60,000 without a hitch? Great, if you can do so. But isn’t it sensible to pay that same Rs.60,000 in installments rather than a single payment?
What products are considered consumer durables?
The above mentioned Air Conditioner is a great example. Some other costly items in the category include
- Audio system
- Home entertainment system (of the home theatre ilk)
- A cool chimney for your fireplace
- 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
- IPL comes before the world cup. So, an Ultra HD LED TV will also prove beneficial for both
- 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 laptop needs to be bought
- If you haven’t heard, the iPhone 7 is easily available on EMI
Which is the best website to get a Consumer Durable Personal Loan?
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.
Benefits of applying for a consumer durable personal loan
Before you jump on to the instant personal loan bandwagon, keep in mind these 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 appliances, electronic gadgets, debt consolidation, purchase of gold, holiday travel, instant emergency loan, home improvement, job relocation, medical expenses, home renovation, purchase of second-hand vehicles, to wedding loan, etc.
- Loan amount and tenure
The loan amount for a personal loan at Loan Singh can range from Rs.50,000- Rs.5,00,000. 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.
- 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 online and unsecured personal loans to salaried individuals. You can apply for quick funds as an easy emergency loan which is not a bank loan, but provide a loan with best personal loan interest rates. The instant funds, or instant loans, are small loans taken for purposes such as:
- Home improvement loan
- House repair loan
- Marriage loan or Wedding loan
- Medical loan
- Second-hand car loan
- Second-hand bike loan
- Consumer durable loan
- Vacation loan
- Credit card refinancing loan
- Job relocation loan
- Travel loan
- Festival loan
You can calculate your easy EMIs using our personal loan EMI calculator. We accept bank statement, PAN, and Aadhaar for quick loan approval. A bad credit score or credit report errors can lead to personal loan rejection. 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 Pinterest
- Loan Singh on Facebook
- Loan Singh on Twitter
- Loan Singh on Youtube
- 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
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