What is a Consumer Durable Loan?
Consumer Durable loan means the loan given to the borrowers to buy electronic gadgets and household appliances on EMI. With Monedo Financial you can buy consumer durable product from our authorised merchant partner. Monedo is a customer centric lender in Point-of-Sale Financing. We help our borrowers to buy all latest electronic gadgets and appliances to improve their lifestyle. Our merchant partners are empowered to sell prominent brands in the market, thereby offering ample choice to consumers. Our customers can acquire the merchandise of their choice with flexible EMI plans from any of our empanelled merchant partners. This symbiotic business model is supported by a dedicated and passionate team at Monedo to deliver astounding results.
Upto Rs. 1 Lakh
3 to 12 Months
18% - 36% per annum
2% to 5% + Applicable taxes
We offer Consumer Durable Loans for wide range of products. Here are some of the products that you can buy instant with the financing option given by us.
Digital Product : Mobile Phone, Laptop, Smart Watches, Television, Air Condition, Washing Machine, etc.
Lifestyle Product: Furniture, Travel loan etc.
Benefits of Consumer Durable Loans
No Collateral/ Security
100% Digital Process
- Age between 20 to 60 years (at the time of loan maturity)
- Salaried or SEP /SENP
- CKYC number
Documents required to avail Consumer Durable Loan
- Permanent Account Number and Date of birth for CKYC validation
- Current address proof (other than Aadhaar card)
- E-Nach or E-Mandate