Frequently Asked Questions Cards

A Consumer Durable Loan is an option given to customers to purchase durable items. Here’s a list of some of the many durable items you can purchase:

• Digital Products such as Mobile phones, cameras, tablets, DSLRs, audio devices, laptops, Smart watches, etc. 
• Household products such as fridges, washing machines, microwaves, kitchen appliances, Water heater, etc.
• Lifestyle products such as furniture, Modular kitchen, Camera lenses, tyres, Health & beauty packages, supermarket purchases, recliners, etc.

You can avail an IDFC FIRST Bank consumer durable loan by clicking on Apply Now <Website> or through IDFC FIRST Bank App <App Shortlink> which can be downloaded from either Google Play or the Apple App Store. Simply get an approval online and then walk into the store and purchase the product of your choice like AC on EMI, camera on EMI, mobile on EMI, tablets on EMI or TV on EMI.

Salaried as well as self-employed individuals can Apply for a Consumer Durable Loan. Your age should be between 21 years and 60 years for salaried individuals, and between 21 and 65 years for self-employed individuals. Click to apply for consumer durable loan through our website or through our IDFC FIRST Bank app.

You can view your loan details on the IDFC FIRST Bank app

You can take consumer durable loan up to ₹8 Lakh

There are a number of benefits of taking a consumer durable loan from IDFC FIRST Bank, some of which are:

• Quick and Easy Application: Simply apply for your consumer durable loan on our website or mobile app.
• Quick approvals: We will provide you with an approval online in a matter of minutes.
• Easy processing: Simply walk into your product dealer’s shop, pick up the product post approval and submit documents needed to our representative present there.
• Flexibility: We offer loans ranging from Rs. 8,000 to Rs. 8 lakh with a maximum tenure of 24 months.
• Zero Interest: Our consumer durable loans are interest free.
• No security deposit: No security deposit is required to avail a consumer durable loan from IDFC FIRST Bank

Yes, you can cancel your application after your consumer durable loan has been approved. However, we would deeply regret the loss of your patronage. Please visit the dealership where you have applied for the loan and raise a request for loan cancellation.

No, a co-applicant is not required to apply for Consumer Durable Loan.