Consumer Durables Loan
Bring home the convenience you need
Get Instant Consumer Durables Loan up to ₹5 Lakhs
Loan Amount
Do you think a personal loan needs too much effort ?
Getting a personal loan was never this easy
It just takes three simple steps to get an instant personal loan online!
Things to Know
Now get a loan on your own terms with our flexible EMI options and take control of what & when you pay
Eligibility Criteria
Documents Required
Credit Score
EMI Calculator
Over 2,56,664 loans disbursed-happy customers
With a continously growing community of happy customers we are disbursing more loans every minute.
Disbursed till date
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Loans Disbursed
Available in 300+ cities
Agra
Ahmedabad
Ahmednagar
Allahabad
Almora
Anand
Bankura
Bengaluru
Bharuch
Bhopal
Bhubaneswar
Chandigarh
Chennai
Coimbatore
Cuttack
Dehradun
Delhi
Ernakulam
Faridabad
Gandhinagar
Ghaziabad
Ghazipur
Goa
Frequently asked Questions
Now get a loan on your own terms with our flexible EMI options and take control of what & when you pay
Can I apply for a loan from PaySense even if I have never taken a loan?
Will I have the freedom to buy the appliances of my choice?
Will I be required to submit the invoices of my purchases?
What if I want to foreclose my consumer durables loan?
What if I use the loan amount to buy a combination of different appliances and electronics?
What if I fail to repay my loan?
Can I get a consumer durables loan if I get my salary in cash or cheque?
Where will the loan amount be credited?
Is it possible for me to obtain the loan amount in cash?
How do I get more information on consumer durable loans?
What is PaySense?
Which banks and NBFCs have you partnered with?
Is taking a personal loan a good idea?
What is the maximum amount of personal loan I can get from PaySense?
What can I use my personal loan for?
How would PaySense personal loan impact my credit score?
Am I eligible for a PaySense personal loan?
I am self-employed. Will you give me a PaySense personal loan?
I have zero credit score. Will you give me a PaySense personal loan?
How do you decide my credit line?
I need a loan of higher amount than you approved. Can my credit line be changed?
What documents are required to get a PaySense personal loan?
How do I apply for a PaySense personal loan?
How much time would it take to complete my loan application once I have installed the app?
How much time would it take to get the loan approval once I have completed the loan application?
After uploading all the documents, why was my loan application rejected?
When can I get my money after loan approval?
Are there any hidden fees?
How much processing fees do you charge?
How much interest rate do you charge on personal loans?
Are there any extra charges on late payments?
What are loan foreclosure / pre-payment charges?
How can I pay back my loan?
What is a pre-EMI?
Can I reschedule my EMI date?
What happens if I miss my EMI on due date?
While paying my EMI, the amount was deducted from my bank account, but it’s not showing on the PaySense app. Where did my money go?
I want to close my loan earlier than the schedule loan tenure. What is the loan foreclosure process?
What happens if I don’t pay back?
My loan has been paid successfully. How do I get my No Objection Certificate (NOC)?
Is PaySense safe?
You ask for my internet banking details? How safe is it?
I had checked my credit line from PaySense earlier but uninstalled the app. Now that I need a loan, do I have to start a fresh application?
My loan application process is incomplete, but my phone got switched off. Do I have to start the application process again?
I am getting a “Signature not verified” error after e-signing a document. What do I do?
My netbanking access has been temporarily disabled. What do I do?
How do I update my contact details (mail ID, phone number, address) in my PaySense account?
How can I contact your team if I need any assistance?
When will you support iPhone and Windows phones?
The growing popularity of unsecured consumer durable loans in India
Challenges faced while availing loans from banks
Exercising Caution while Taking Consumer Durable Personal Loans
Renovating your home or moving into a new office space calls for some upgrades in the furniture and electrical appliances departments. While they are an investment and prove to be useful in the long run, they are not exactly what you would term as ‘affordable’ or ‘economical’ expenses.
Consumer Durable Loan
With every passing day, the demand for consumer durables increases. Whether it is a dishwasher, LED screen TV or an air-conditioner, these consumer durables are much needed in our daily lives. However, they do not come cheap and most times, that kind of liquid cash is not available to most people. This is where a consumer durable loan comes in handy. Opting for a consumer durable loan means you do not need to pay for your durables upfront and or all at once - it will be spread across a period and a certain percentage of your income will be used towards paying for the consumer durables. Interest rates for a consumer durable loan vary from lender to lender and generally lies between 12 to 22%.
Features and Benefits of consumer durable loan
To apply for consumer durable loan is to make a smart choice. The EMI plans available to ensure that you are not spending too much at one time and it’s being paid off in installments. There are some benefits and features of a PaySense consumer durable loan that you must know about:
- Instant consumer durable loan Online Approval: When you apply for consumer durable loan, you will get prompt approvals for any amount from ₹5000 to ₹5 lakh.
- Easy Collection of Documents: You need not worry about running around places to submit documents. The option of doorstep collection of documents is available where you just have to sign all the required documents and hand it over to the courier.
- Affordable EMI Plans for consumer durable loan: The EMI plans that come with a consumer durable loan are flexible and affordable. You can choose an option that suits you best without having to miss any month’s payment.
- Quick Subsequent consumer durable loan: Looking to take up another consumer durable loan online? No worries! The one-time documentation makes it possible for you to apply for subsequent loans without further checks.
Products Covered Under consumer durable loan
Items such as refrigerators, televisions, air conditioners, furniture, washing machines, microwaves, dishwashers, etc. get covered under the consumer durable loan.
How to apply for consumer durable loan on PaySense
To apply for consumer durable loan on PaySense, some steps need to be followed. Quick and easy steps that will help you acquire the loan in no time.
- Check Eligibility: You need to ensure that you fit the below mentioned criteria to get a consumer durable loan.
- Should be a resident of India
- 21 years to 60 years
- Mention employment type (salaried or self-employed)
- Minimum Monthly Income should be ₹12,000 for salaried and ₹15,000 for self-employed
- Location (PaySense is available in 40+ cities)
- Upload required KYC Documents: The documents that you will need to submit or upload for the consumer durable loan are
- Proof of Identity (PAN Card or Aadhaar Card)
- Proof of Address (Aadhaar card, Rental agreement, Utility or Postpaid bills)
- Proof of Income (Last 3 months bank statements)
- A Selfie (Clear photograph)
- Link bank account for loan disbursement: Once your consumer durable loan is approved and the application procedure is complete, the money will be transferred to your account in no time.