It is probably the best time being a salaried employee in India. When it comes to availing multiple financing options to fulfill your needs, you have the upper hand.
Be it a personal loan, home loan, credit card or the consumer durable loan facility; all leading lenders are nowadays wooing salaried class people. It is because salaried professionals keep waiting for an appropriate time before making a large purchase.
They need to run their households in a calculated manner and hence, they save for a long time before fulfilling their aspirations. However, with the advent of consumer durable loan, they are now able to bring home essential products without issues.
What is a consumer durable loan?
A consumer durable loan is a unique financial facility offered by well-known banks and non-banking finance companies (NBFCs). It is a credit or loan limit, which is offered as per one’s eligibility, repayment history and lender’s policies.
A customer can enjoy a loan limit ranging between Rs.4,000 to Rs.4 lakh to buy products like washing machines, TVs and air conditioners on No Cost EMI. As a result, they can easily pay over flexible tenor and manage expenses efficiently.
In India, there are many consumer durable loan providers and one of the reputed ones is the Bajaj Finserv EMI Network. With a Bajaj Finserv EMI Network Card, one can easily swipe it at a partners store all over India to buy products on EMIs.
What the benefits of a consumer durable loan?
Other than availing a large amount in the form of the loan limit, a consumer durable loan comes with many more benefits to make your life easier. Let’s have a look:
Loan limit of up to Rs.4 lakh
With a large credit limit of up to Rs.4 lakh, you don’t have to keep your any needs or aspirations waiting! All that you can do is pick the desired product such as a washing machine or TV and divide its cost into easy instalment. It’s time to live your dream of fulfilling your wishes in life with the facility of a higher loan limit.
Pay in flexible EMIs
There is no need to stress about making repayments on your utilized credit limit. You have the freedom to select a flexible tenor of 3, 6, 9, 12, 18 and 24 months to repay. You can opt for a suitable tenor as per your income capacity, and another monthly outlay.
Enjoy the convenience of Bajaj Finserv EMI Network Card
Did you like a product and want to buy it? No worries – you can simply swipe your Bajaj Finserv EMI Network Card like a credit/ debit card and buy all on No Cost EMI.
If you have your KYC documents and a cancelled cheque, it is more than enough to submit at a partner store to enjoy a credit limit. You don’t need to arrange a bucket of documents to prove your eligibility for availing the consumer durable loan.
Minimal or no down payment and processing charges
Most of the available products across the Bajaj Finserv EMI Network that you can avail under the consumer durable loan come with least or no processing fees. Even for buying big-ticket purchases like laptops and more, you may have to manage a negligible or no down payment.
How to shop on No Cost EMIs for consumer durables?
Buying your favourite products across the Bajaj Finserv EMI Network on No Cost EMI is dead easy. All that you have to do is follow some hassle-free steps such as:
1) Go and visit one of the 60,000+ local outlets registered across the Bajaj Finserv EMI Network in more than 1300 cities in India .
2) Select a washing machine, AC, TV, inverter, laptop, refrigerator and other products as per your needs. Once done, you can then swipe the Bajaj Finserv EMI Network Card like a credit or debit card.
3) Your shopping on No Cost EMI is complete, and you can walk away with your purchase. People without having the Bajaj Finserv EMI Network Card can also make the most of No Cost EMI facility. They can submit KYC documents along with a cancelled cheque at a partner store in India.
This way, they can grab the in-store financing facility to start their limitless shopping on No Cost EMI. They can also join 1 crore+ members on the Bajaj Finserv EMI Network who are living a better life.
Bajaj Finserv presents pre-approved offers on an array of financial services such as EMI finance, personal loans, business loans, home loans and a lot more.
Such deals are designed to help a potential borrower to go through the entire loan procedure hassle-free and super fast. You can share a few of your basic details such as your name and mobile number to discover your customized pre-approved loan deals right away.
Image Curtsy: hdfcbank.com