PaySense and LazyPay, PayU’s consumer lending business, merge to build a full-stack digital lending platform in India.Learn morehttps://corporate.payu.com/news/payu-consolidates-india-digital-credit-offering/

Consumer Durables Loan

Bring home the convenience you need

Get Instant Consumer Durables Loan up to ₹5 Lakhs

100% Safe & Secure
100% Safe & Secure
Instant Process
Instant Process
Upgrade consumer durables for your home with easy EMIs
Use the EMI Calculator to check plans

Loan Amount

1,30,000Edit
₹5,000
₹5,00,000
Loan Term
ROI
EMI (per month)
Total interest
*The tenures shown here are indicative. Actual tenures may vary depending on your eligibility.
*The ROIs shown here are indicative
See EMI Plans  
quote
It was great experience with paysense. It has really come out as a true digital lender. I wanted money to make for home decor changes and I am impressed with the way they have processed the loan for...
Consumer durable products generally include electronics and appliances that have a long life and last up to a few years. So everything from laptops, washing machines, refrigerators, televisions, to even two-wheelers and cars are considered consumer durable goods. While there’s no doubt that these products make our lives easier, the fact of the matter is that if you intend to purchase even one of them, you might have to save religiously for months, even years, in order to be able to afford them. Furthermore, it doesn’t help that consumer durable products are becoming costlier every year. There are several factors contributing to this, such as inflation, rising cost of raw materials, and changes in GST rates. However, our current lifestyle deems several consumer durable products like refrigerators, mobile phones, laptops, televisions, and a personal vehicle as an indispensable part of our lives.But, how is it that despite their high price tag, the demand for consumer durables continues to go up? Most retailers understand that their products aren’t exactly cheap, and offer their customers loans and EMI services. However, for those who don’t know how to read the fine print, this can prove to be a financially bad decision. It should then come as no surprise that the demand for consumer durable loans has been steadily growing over the last few years. As a matter of fact, instant consumer durable loans are now easily available online, and people are availing them to make essential household purchases. So whether you are relocating, setting up a new house or an office, and for simply purchasing a gift for someone in your family, taking a personal consumer durable loan online can help you by giving you access to instant credit. PaySense offers consumer durable loans for a variety of purposes at some of the lowest interest rates in the industry.
... +more

Do you think a personal loan needs too much effort ?

Getting a personal loan was never this easy

Instant personal loans
Instant personal loans
Get instant personal loans from ₹5000 to ₹5 lakh to fit all your needs and dreams
Quick Approvals & Disbursals
Quick Approvals & Disbursals
Get prompt loan approval and money in your account
Paperless Documentation
Paperless Documentation
Upload pictures of you KYC documents and sign your loan application digitally
Affordable EMI plans
Affordable EMI plans
Easy to manage EMI plans with reminders and auto-debit features so that you don’t miss out on timely payments
One-click subsequent personal loans
One-click subsequent personal loans
Need another loan from PaySense? With one-time documentation, it’s just a click away. No further checks required
Zero Credit History
Zero Credit History
Never taken a personal loan previously? It’s okay - we serve the users who are new to credit and lending system.

It just takes three simple steps to get an instant personal loan online!

1
Check eligibility and select a personal loan plan
Fill in a few basic details to check your eligibility for PaySense instant personal loans and get a Credit Line. A Credit Line is the total amount of loan you can get from PaySense. Once you get your Credit Line, you can choose the loan amount. Choose the best combination of loan duration and EMIs to select your loan plan.
... +more
2
Upload KYC Documents
To get your personal loan approval, you have to upload a few documents to complete your KYC. You are also required to sign the loan agreement and a NACH form to enable auto-deduction of EMIs. NACH stands for National Automated Clearing House is a centralised web-based payment system, regulated and supervised by Reserve Bank of India (RBI) for bulk money transactions. NACH form ensures that you don’t miss on your EMI payments and impact your credit score negatively. The best part – the entire process is paperless. Once you upload all required documents, you get an approval within 2 working hours.
... +more
3
Get your money
Once your personal loan is approved and the application procedure is complete, your money will be directly transferred to your account quickly. It is that easy to get instant personal loan with Gopaysense.
... +more
Check eligibility and select a personal loan planUpload KYC DocumentsGet your money

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 options

Eligibility Criteria

Documents Required options

Documents Required

Credit Score options

Credit Score

EMI Calculator options

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.

testimonial-illustration
PaySense app screenshots
Download the PaySense App
Enjoy a faster & easier loan application process with our Android App

Disbursed till date

App Downloads

Loans Disbursed

Frequently asked Questions

Now get a loan on your own terms with our flexible EMI options and take control of what & when you pay

General Questions
About PaySense
Loan Eligibility
Loan Application Process
Fees and Charges
Loan Repayment
User Security
Customer Support
Others
+

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

Apply for loans of upto ₹5 lakhs easily using your phone or laptop, and pay back on low EMIs
Get a Personal Loan Now

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:

  1. 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.
  2. 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.
  3. 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.
  4. 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.

  1. 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)
  2. 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)
  3. 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.