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Apply NowElevate Your Lifestyle with Easy and Affordable Loans from 5,000 to 8 Lakhs
Bring home extra happiness
Elevate Your Lifestyle with Easy and Affordable Loans from 5,000 to 8 Lakhs
Bring home extra happiness
Turn your dreams into reality with an IDFC FIRST Bank Consumer Durable Loan. Our loans are tailored to your needs, with flexible and extended tenures of up to 36 months with loan amounts ranging from *₹5,000 up to ₹8 lakhs. You can easily apply for our Consumer Durable Loan online and get an instant approval in 2 minutes. With IDFC FIRST Bank, you can live your best life.Read More
EMIs paid at no additional cost
Choose your repayment plan between 3 to 36 months
Click on Apply Now and check your eligibility OR Walk into any store and apply for a loan
Access quick loans anytime, anywhere
Redeem against any number of purchases, Minimum value of ₹3,000
With automated credit history check, get offer upto 8 lakhs
Loan application procedure for a consumer durable loan is very simple. You can apply from any of the following option:
Check eligibility online
*Terms and conditions apply, based on applicant's eligibility and financial profile
Proof of Identity: (Any one of the below Officially Valid Document (OVD))
Proof of Address (Any one of the below *OVD document):
A Consumer Durable Loan is a finance solution that makes durable items like electronics, home appliances, furniture, etc. more accessible with easy No Cost EMI Options.
Products which you can shop for with a Consumer Durable Loan are:
Consumer Durable Loans are unsecured loans where you are not required to pledge anything as collateral for the loan.
With IDFC FIRST Bank Consumer Durable Loan you can:
IDFC FIRST Bank offers competitive interest rates including No Cost EMI facility and flexible tenure schemes ranging from 6-36 months. Please refer to the Consumer Durable Loan Schedule of charges for additional information.
IDFC FIRST Bank Consumer Durable Loan offers loan of up to ₹8 Lakhs.
The maximum loan tenure offered on IDFC FIRST Bank Consumer Durable Loan currently is 36 months.
We have one of the best Consumer Durable finance solutions. Our loans are tailored to your needs with flexible and extended tenures with following benefits:
We have partnered with major retailers and brands across India for your convenience.
Click here to locate the stores that offer IDFC FIRST Bank Consumer Durable Loan.
Salaried individuals in the age group of 21 years to 60 years & Self-employed individuals in the age group of 21 years to 65 years can apply for IDFC FIRST Bank Consumer Durable Loan.
Click here to apply for IDFC FIRST Bank Consumer Durable Loan via our website.
Yes. Non-IDFC FIRST Bank customers can apply for our Consumer Durable Loan, provided they meet the eligibility criteria.
Click here to apply now.
No, a co-applicant is not required to apply for a Consumer Durable Loan from IDFC FIRST Bank.
You can apply for our Consumer Durable Loan via:
In case you want to apply right away, follow the below steps:
The documents required to apply for IDFC FIRST Bank Consumer Durable Loan are:
You might have to pay nominal processing fees, card fees, etc. depending on the product/ tenure/offer based on your eligibility criteria and offer on your loan.
Please note, Consumer Durable Loan availed for products such as mobile phone, Panel TV, Refrigerator, etc. are primarily subvented (interest amount discounted) by the manufacturers/dealers and hence the loan comes at a No Cost EMI scheme to the customers, with no additional interest to be paid above the agreed product price.
For certain models/products which are non-subvented, customer can purchase the product but will have to bear the interest or processing fees, the details of which will be available at the time of availing the loan.
Click here to go through the Schedule of Charges.
A processing fee is an administrative fee involved in the disbursement of a Consumer Durable Loan. It is charged basis the scheme selected. Our sales representative at the store can help you with additional information regarding processing fee applicable on your purchase.
The financing depends on the product selected, schemes available and the eligibility criteria. The IDFC FIRST Bank sales representative at the store can help you with the information.
Your EMI depends on the loan amount, down payment and the tenure defined as per the scheme for the product you have purchased. The IDFC FIRST Bank sales representative at the store can help you with the information.
Post disbursal of the loan, your EMI cycle will occur on 3rd of every month till loan closure.
You can easily access all your loan & EMI details, view and download Statement of Account, NOC, Repayment Schedule, etc. or make payments by downloading the IDFC FIRST Bank Mobile app. Click here to download the app.
Subject to Terms and Conditions.
You can view your Consumer Durable Loan details via:
You can download your Statement of Account/Welcome letter/Repayment Schedule/No Dues Certificate via the below given modes:
1. Website
2. Mobile banking app
3. WhatsApp Banking
Foreclosure/Prepayment of loan means early closure of your loan by making payment of the full loan amount before maturity of the loan.
Click here to foreclose your IDFC FIRST Bank Consumer Durable Loan.
Yes. A foreclosure charge of 5% on the outstanding principal amount plus applicable GST will be levied for foreclosing your Consumer Durable Loan. Click here to know more about the charges.
Unfortunately, you cannot make a part payment for your IDFC FIRST Bank Consumer Durable Loan.
Yes, you can cancel your application after your Consumer Durable Loan has been approved subject to receipt of cancellation request within 30 days or 1st EMI presentation date, whichever is earlier. In case of cancellation after these milestones, cancellation will be treated as foreclosure.
To cancel your application, you can visit the dealership store from where you had applied for the loan and raise a request for loan cancellation.
In case there is a delay in payment of your EMIs, you will be liable to pay a late fee (generally a fixed charge) along with the due EMI amount as per the terms and conditions of the Loan agreement. Click here to know more about the charges.
A bounce charge is a penalty fee charged in case your EMI payment via cheque/NACH/ECS/SI etc. has got dishonoured due to any reason. Each bounce charge is a fixed charge of ₹400 + GST. Click here to know more about the charges.
Your EMIs will be auto-debited from your bank account on the due date through the NACH registered at the time of your loan application.
You can also pay your EMIs via:
You can also make your EMI payment by visiting the below link:-
https://partner.idfcfirstbank.com/QuickPayEMI/Login/LoginEMI.aspx
In case you have any query regarding repayment channels, you can call us at 1800 10 888 between 9:30am to 6:00pm on all working days except 2nd and 4th Saturday, Sundays and Bank holidays.
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