Indulge in luxury shopping without the stress of a shortage of funds to hold you back!
It is not possible for everyone to save a certain amount of money by the end of each month. Some run their house from paycheck to paycheck, making it difficult to even purchase essential household items. In such situations, you need a helping hand and it comes in the form of a Consumer Durable Loan.
Consumer Durable loans online are unsecured personal loans that serve the purpose of letting you purchase household items like washing machines, refrigerators, air-conditioners, LED TVs, microwaves, furniture, clothes, or groceries. The idea is to make the luxury lifestyle more affordable and without having to exhaust your savings in the process.
What are the features and benefits of a Consumer Loan?
From the moment you download the CASHe app to when you get the consumer loan approved, the entire consumer durable loan application process is quick and smooth. You can apply for an online consumer loan on the go and without having to visit a bank.
On CASHe, you can borrow up to ₹4,00,000 as your instant consumer loan, so you can purchase consumer durables without falling short of funds. Having said that, you must only avail a loan for the amount that is absolutely necessary, so you can repay the loan in time.
The entire consumer loan application process on CASHe takes place online. Hence, all you need to do is upload all the necessary documents (that are legible and genuine) on the CASHe app and have them verified in order to get the consumer loan approved.
Paying back the CASHe consumer loan amount is a hassle-free process. We offer flexible EMI plans that range from 90 days to 540 days, making it very convenient for you to repay the loan amount easily.
What are the requirements for a Consumer Durable Loan?
CASHe offers a wide range of plans so that you can choose what is best for you.
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Are you excited about seeking your next adventure in a faraway land using the CASHe consumer personal loan? Let’s first check if you are eligible for the loan, with the following criteria as a guide:
What is the eligibility criteria for a Consumer Durable Loan?
What are the documents required for a Consumer Durable Loan?
CASHe offers hassle-free instant consumer loans that are processed quickly through your smartphone, without any paperwork. Our consumer loans come with flexible terms and repayment offers. At CASHe, you can avail consumer loans of up to ₹4,00,000 and purchase household and electronic appliances when you need them, without worrying about a shortage of funds.
At CASHe, the consumer loan interest rate is calculated on a per-month basis for the loan amount. The interest rate for a CASHe personal loan for consumer durables range from 2.25% up to 2.5% (equivalent reducing balance interest rate ranging from 3.71% to 3.85% per EMI) on the loan amount. You also get a 5-day interest-free grace period for you to pay your CASHe consumer loan EMI at the end of every month. Any subsequent delay will lead to a 0.7% interest fee penalty.
Additionally, we also levy a processing fee ranging between ₹500 to ₹1,200, based on the consumer loan product you are eligible for.
In order to ensure that your CASHe consumer loan is processed as soon as possible, you need to keep a few things in mind. Here are some easy ways to improve your chances of getting a quick consumer loan approval at CASHe:
One of the primary reasons for securing a consumer loan is that you don’t have to wait long and go to extreme measures to save money to buy household appliances. You can purchase items such as air-conditioners, televisions, refrigerators, washing machines, modular kitchens, microwaves, ovens, laptops, cameras, and other appliances and gadgets. These items are necessities to furnish your home, but budget constraints or lack of funds can hold you back from buying these items.
Have a question not mentioned here? Feel free to contact us and we will respond as soon as possible.
The eligibility criteria to avail a consumer loan from CASHe are:
Yes, you can avail a consumer loan by yourself as long as you meet CASHe’s eligibility criteria for consumer loans.
At CASHe, the consumer loan interest rates are calculated on a monthly basis for the complete loan amount. The consumer loan interest rate on CASHe ranges from 2.25% up to 2.5% (equivalent reducing balance interest rate ranging from 3.71% to 3.85% per EMI).
You can find the CASHe mobile app on the Google PlayStore and the Apple App Store.
Yes, you can repay your CASHe consumer loan in EMIs as per your selected loan tenure. The consumer loans on CASHe are offered with flexible loan tenures ranging from 90 days to 540 days.
You will need the following documents to apply for a consumer loan on the CASHe app:
Consumer loans can be used to purchase consumer durables like air-conditioners, televisions, refrigerators, washing machines, modular kitchens, microwaves, ovens, laptops, cameras, and other appliances.
At CASHe, you can avail a consumer loan up to a maximum limit of ₹4,00,000.
No, since consumer loans on CASHe are unsecured in nature, they do not require any security, collateral or guarantee.
It is important to have a clean credit history when you apply for a consumer loan at CASHe. This is important as your previous credit score will have a direct implication on the scores we generate on the SLQ.
A consumer durable loan online is a type of personal loan intended for the purchase of washing machines, refrigerators, air-conditioners, LED TVs, microwaves, furniture, clothes or groceries.
The simplest way to get a consumer durable loan would be to apply for one on a personal loan app like CASHe.
The four types of consumer durable loans are – fixed-rate consumer durable loan, variable rate consumer durable loan, secured consumer durable loan, and unsecured consumer durable loan.
Unsecured consumer durable loans are the most common since there is no need for collateral.
One of the primary benefits is that you get instant approvals for a collateral-free loan that can be utilized for purchasing white goods or luxury goods.
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