Consumer Durable Loan for Furniture: Upgrading Your Home Comfort

Your home is not just a place; it is an extension of your personality and a sanctuary where you can unwind after a long day. Hence, each of us aspires to have a comfortable living space. One of the most significant aspects of a comfortable home is the furniture you use. However, quality furniture can be a hefty investment. This is where a consumer durable loan for furniture comes to the rescue. Today, we will explore what a consumer loan is, its advantages, and how it can help you transform your home into a haven of comfort.

What is a Consumer Durable Loan?

A consumer loan is a financial tool designed to help you fulfil your different needs and aspirations. Whether it is purchasing a buying furniture, kitchen appliances, or any other household items, consumer loans offer a convenient way to access the required funds.

With the rise of online consumer loans, the process has become faster and more accessible. Eligibility for such loans is typically based on your income, credit score, and repayment capacity.

Advantages of Buying Furniture with a CASHe Consumer Durable Loan

  • Easy Access to Quality Furniture

    Quality furniture can significantly enhance your living space, making it more comfortable and aesthetically pleasing. However, such furniture often comes with a substantial price tag. With a consumer durable loan, you can access high-quality furniture without straining your savings. This allows you to enjoy the comfort and luxury you desire without compromising on the quality of your home decor.

  • Convenience and Flexibility

    Consumer loans offer unparalleled convenience and flexibility. Online consumer durable loans on CASHe offer a fast and hassle-free application and approval process where you can choose the loan tenure and EMI that suits your budget, making it easier to manage your monthly expenses. This flexibility ensures that your furniture purchase does not become a financial burden.

  • Tax Benefits

    In India, the interest paid on consumer loans for home furnishings is eligible for tax benefits under Section 24(b) of the Income Tax Act, 1961. This can reduce your overall tax liability, making your furniture purchase even more cost-effective.

  • Builds Credit History

    When managed responsibly, consumer loans can also help build and improve your credit history. Timely repayments demonstrate your creditworthiness to lenders, which can be beneficial for future financial endeavours.

  • Quick Online Application

    Online consumer durable loans are designed for your convenience, allowing you to apply from the comfort of your home or office. The application process is straightforward, and approvals can be quick, ensuring you can purchase your desired furniture without unnecessary delays.

Easy loan

CASHe Consumer Loan Eligibility

The eligibility criteria to avail a consumer durable loan from CASHe are:

  • Citizenship – You must be an Indian citizen

  • Age – You must be at least 18 years of age

  • Salary – You must be a salaried professional with a minimum monthly salary of ₹15,000

  • Online Presence – You should have a Facebook or a LinkedIn Account

Documents Required for Consumer Loan

You will need digital copies of the following documents to apply for a consumer durable loan on the CASHe app:

  • Photo identity proof (PAN card)

  • Income proof (latest salary slip)

  • Identity proof (Aadhar card)

  • Permanent address proof (accepted documents)

  • Latest bank statement showing salary credit

Summing Up

If you are looking to enhance the comfort and aesthetics of your living space without dipping into your savings, a consumer durable loan is a viable option for you. With ease of access, flexible repayment options, and the ability to choose furniture that suits your preferences, a consumer loan can be your key to transforming your home into an abode of comfort and style.

So, don’t hesitate to invest in quality furniture for your home, and make your living space a true reflection of your personality and style. Explore the online consumer personal loan options available to you, and start your journey towards a more comfortable and inviting home today.