A durable product is a category of consumer owned products that are not purchased frequently, because they are expected to stay working or useful for longer time. 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 would need a trendy modular kitchen replete with a brand-new refrigerator, washing machine, dishwasher, cabinets and cupboards., to upgrade on the existing kitchen. Some of you could do with a change in their current laptops getting lagged or probably spoilt due to getting wet in the rains.
Throughout this week, we will look at consumer durable products and its appendages. 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.
What products are considered consumer durables?
Some examples of day-to-day consumer durables 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
- A DSLR camera that can capture those special moments
- A new Dell/Lenovo laptop for work
- The latest flagship smartphone to flaunt
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!
Best website for 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 personal 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 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 personal loan?” That’s a good retort but understand that credit card loan and personal loan are 2 different credit instruments.
If banks are slow to provide quick personal 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 which lets salaried individuals apply and avail quick online personal loan, but also is a proud partner in launch of the Airtel Online Store.
Loan Singh Eligibility
- Only salaried individuals or salaried professionals can apply for a 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 get a personal loan
Loan Singh Review
Loan Singh presents a number of advantages over other online platforms. Some of these advantages are
- Minimal documentation
- Fixed monthly EMIs
- No hidden fees
- Easy online loan application process
- Transparent process
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 personal 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 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.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.
About Loan Singh
Loan Singh is a digital lending platform that prides in providing online personal 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.5,00,000 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
- Travel loan
- Festival loan
- Shopping loan
- Lifestyle 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 Finance 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. You can find us on Loan Singh Facebook, Loan Singh Twitter, Loan Singh YouTube, Loan Singh Pinterest, Loan Singh Instagram, Loan Singh LinkedIn, Loan Singh Blogarama, Loan Singh Google Review, Loan Singh Medium, Loan Singh Reddit, Loan Singh Tumblr, Loan Singh Scoop It, Loan Singh Storify, Loan Singh Digg and Loan Singh Blogger.