{"id":3433,"date":"2020-01-02T09:32:56","date_gmt":"2020-01-02T09:32:56","guid":{"rendered":"\/blog\/?p=3433"},"modified":"2025-01-29T14:57:14","modified_gmt":"2025-01-29T09:27:14","slug":"benefits-of-a-consumer-durable-loan","status":"publish","type":"post","link":"https:\/\/tata-blog.osian.dev\/blog\/capital-goods-loan\/benefits-of-a-consumer-durable-loan\/","title":{"rendered":"Benefits of a Consumer Durable Loan"},"content":{"rendered":"\n<p>Consumer durable loans make this possible so that purchasing white goods and other luxury items no longer seem like an impossible dream. These are essentially small loans to help consumers buy durable goods like ACs, televisions, oven, laptops, smartphones etc. With consumer durable loans, a comfortable and improved lifestyle is within your reach. <\/p>\n\n\n\n<p>So what exactly are the top benefits of taking a consumer durable loan? Let\u2019s take a look.<\/p>\n\n\n\n<p><strong>1. 0% Interest Rate<\/strong><\/p>\n\n\n\n<p>Consumer durable loans are typically available at a lower interest rate than personal loans. Tata Capital offers such loans with no interest and minimum payment. Tata Capital does not even ask for any security deposits, making the loan application process effortless.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"450\" src=\"\/wp-content\/uploads\/2020\/01\/bfcdl-1.jpg\" alt=\"\" class=\"wp-image-3442\" srcset=\"https:\/\/tata-blog.osian.dev\/blog\/wp-content\/uploads\/2020\/01\/bfcdl-1.jpg 800w, https:\/\/tata-blog.osian.dev\/blog\/wp-content\/uploads\/2020\/01\/bfcdl-1-300x169.jpg 300w, https:\/\/tata-blog.osian.dev\/blog\/wp-content\/uploads\/2020\/01\/bfcdl-1-768x432.jpg 768w, https:\/\/tata-blog.osian.dev\/blog\/wp-content\/uploads\/2020\/01\/bfcdl-1-770x433.jpg 770w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<p><strong>2. Tenure<\/strong><\/p>\n\n\n\n<p>The loan tenure for a Tata Capital Consumer Durable loan is between 6-24 months. This may differ from one lending institution to another. Usually, a longer tenure attracts a lower EMI and vice versa. As the repayment period affects EMI payments, it is important to calculate the EMI on an online EMI calculator before applying for loans. <\/p>\n\n\n\n<p><strong>3. Minimum Formalities<\/strong><\/p>\n\n\n\n<p>Some basic documents are required to apply for such loans, making the process relatively simple. <\/p>\n\n\n\n<p><strong>Salaried employees will have to show:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Photo Identity proof- A copy of Voter ID\/ Passport\/ Driving License\/ Aadhaar card\/ PAN card.<\/li><li>Address proof- A copy of Ration bill\/ Electricity bill\/ Passport.<\/li><li>Income proof- A copy of Salary account bank statements for the last six months showing salary slips.<\/li><li>Salary slips- A copy of salary slips for the last three months.<\/li><\/ul>\n\n\n\n<p><strong>Self-employed individuals have to show:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Photo Identity proof- A copy of Voter ID\/ Passport\/ Driving License\/ Aadhaar card.<\/li><li>Address proof- A copy of Ration bill\/ Electricity bill\/ Passport.<\/li><li>Income proof- Bank statements and income tax returns of last two years. <\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"770\" height=\"400\" src=\"\/wp-content\/uploads\/2020\/01\/bfcdl-4.jpg\" alt=\"\" class=\"wp-image-3446\" srcset=\"https:\/\/tata-blog.osian.dev\/blog\/wp-content\/uploads\/2020\/01\/bfcdl-4.jpg 770w, https:\/\/tata-blog.osian.dev\/blog\/wp-content\/uploads\/2020\/01\/bfcdl-4-300x156.jpg 300w, https:\/\/tata-blog.osian.dev\/blog\/wp-content\/uploads\/2020\/01\/bfcdl-4-768x399.jpg 768w\" sizes=\"auto, (max-width: 770px) 100vw, 770px\" \/><\/figure>\n\n\n\n<p><strong>4. Instant Approval<\/strong><\/p>\n\n\n\n<p>The application process is quick and easy. Consumers between the age of 21 and 60 are eligible to apply for a Tata Capital consumer durable loan. After the submission of the necessary documents, instant approval is given. With on-spot approvals, customers can shop for anything any time.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"566\" src=\"\/wp-content\/uploads\/2020\/01\/bfcdl-2.jpg\" alt=\"\" class=\"wp-image-3443\" srcset=\"https:\/\/tata-blog.osian.dev\/blog\/wp-content\/uploads\/2020\/01\/bfcdl-2.jpg 800w, https:\/\/tata-blog.osian.dev\/blog\/wp-content\/uploads\/2020\/01\/bfcdl-2-300x212.jpg 300w, https:\/\/tata-blog.osian.dev\/blog\/wp-content\/uploads\/2020\/01\/bfcdl-2-768x543.jpg 768w, https:\/\/tata-blog.osian.dev\/blog\/wp-content\/uploads\/2020\/01\/bfcdl-2-770x545.jpg 770w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<p><strong>5. No Foreclosure Charges<\/strong><\/p>\n\n\n\n<p>The aim of a Tata Consumer durable loan is to put the customers\u2019 needs above anything else. So, if someone wants to repay the loan before the agreed tenure, they can do so without incurring any additional charges. This no foreclosure charges ultimately helps save any unappetizing costs.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"608\" src=\"\/wp-content\/uploads\/2020\/01\/bfcdl-3.jpg\" alt=\"\" class=\"wp-image-3440\" srcset=\"https:\/\/tata-blog.osian.dev\/blog\/wp-content\/uploads\/2020\/01\/bfcdl-3.jpg 800w, https:\/\/tata-blog.osian.dev\/blog\/wp-content\/uploads\/2020\/01\/bfcdl-3-300x228.jpg 300w, https:\/\/tata-blog.osian.dev\/blog\/wp-content\/uploads\/2020\/01\/bfcdl-3-768x584.jpg 768w, https:\/\/tata-blog.osian.dev\/blog\/wp-content\/uploads\/2020\/01\/bfcdl-3-770x585.jpg 770w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<p><a title=\"Consumer Durable Loan\" href=\"https:\/\/tata-blog.osian.dev\/consumer-durable-loan.html\">Consumer durable loans<\/a> aim to make expensive lifestyles affordable. With zero-interest rate, quick approval, minimal documentation and instant loan disbursal, Tata Capital consumer durable loans are a smart choice over personal loans or credit card to purchase durable goods. Such loans cover 100+ lifestyle products that range from huge smart TVs to washing machines. <\/p>\n\n\n\n<p>Taking loans and credit are no longer a big deal or stressful. Applying for consumer durable loans is very simple through online applications and instant approvals. You can check out the different EMI and tenure options to choose the right plan that fits your pocket.<\/p>\n\n\n\n<p>So, don\u2019t wait any longer. Apply for a consumer durable loan now to live your dream life.<\/p>\n\n\n\n<div class=\"wp-block-button aligncenter\"><a class=\"wp-block-button__link has-background has-vivid-cyan-blue-background-color\" href=\"https:\/\/tata-blog.osian.dev\/consumer-durable-loan.html\">Know More<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Money may not buy happiness, but the little luxuries certainly improve your standard of living.  <\/p>\n<p><a href=\"https:\/\/tata-blog.osian.dev\/blog\/consumer-durable-loan\/benefits-of-a-consumer-durable-loan\/\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":3441,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[32],"tags":[],"class_list":["post-3433","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-capital-goods-loan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.13 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Benefits of a Consumer Durable Loan - TATA Capital Blog<\/title>\n<meta name=\"description\" content=\"Consumer durable loans offer 0% interest, instant approval, minimal documentation, and flexible repayment options for buying white goods and luxury items.\" \/>\n<meta name=\"robots\" content=\"noindex, nofollow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Benefits of a Consumer Durable Loan - TATA Capital Blog\" \/>\n<meta property=\"og:description\" content=\"Consumer durable loans offer 0% interest, instant approval, minimal documentation, and flexible repayment options for buying white goods and luxury items.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.tatacapital.com\/blog\/capital-goods-loan\/benefits-of-a-consumer-durable-loan\/\" \/>\n<meta property=\"og:site_name\" content=\"TATA Capital Blog\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-02T09:32:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-29T09:27:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.tatacapital.com\/blog\/wp-content\/uploads\/2020\/01\/bfcdl-banner.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"770\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tata Capital\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tata Capital\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/capital-goods-loan\/benefits-of-a-consumer-durable-loan\/\",\"url\":\"https:\/\/www.tatacapital.com\/blog\/capital-goods-loan\/benefits-of-a-consumer-durable-loan\/\",\"name\":\"Benefits of a Consumer Durable Loan - TATA Capital Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#website\"},\"datePublished\":\"2020-01-02T09:32:56+00:00\",\"dateModified\":\"2025-01-29T09:27:14+00:00\",\"author\":{\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/5ccf99347b9365e2fa68bd32006d0b4a\"},\"description\":\"Consumer durable loans offer 0% interest, instant approval, minimal documentation, and flexible repayment options for buying white goods and luxury items.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.tatacapital.com\/blog\/capital-goods-loan\/benefits-of-a-consumer-durable-loan\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.tatacapital.com\/blog\/capital-goods-loan\/benefits-of-a-consumer-durable-loan\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/capital-goods-loan\/benefits-of-a-consumer-durable-loan\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.tatacapital.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Benefits of a Consumer Durable Loan\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#website\",\"url\":\"https:\/\/www.tatacapital.com\/blog\/\",\"name\":\"TATA Capital Blog\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.tatacapital.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/5ccf99347b9365e2fa68bd32006d0b4a\",\"name\":\"Tata Capital\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a6a38ea7397ec3ff4a8dc9b854558dbfc2d1c417498effd79c6186d3edf6ae28?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a6a38ea7397ec3ff4a8dc9b854558dbfc2d1c417498effd79c6186d3edf6ae28?s=96&d=mm&r=g\",\"caption\":\"Tata Capital\"},\"sameAs\":[\"https:\/\/tata-blog.osian.dev\/blog\"],\"url\":\"https:\/\/tata-blog.osian.dev\/blog\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Benefits of a Consumer Durable Loan - TATA Capital Blog","description":"Consumer durable loans offer 0% interest, instant approval, minimal documentation, and flexible repayment options for buying white goods and luxury items.","robots":{"index":"noindex","follow":"nofollow"},"og_locale":"en_US","og_type":"article","og_title":"Benefits of a Consumer Durable Loan - TATA Capital Blog","og_description":"Consumer durable loans offer 0% interest, instant approval, minimal documentation, and flexible repayment options for buying white goods and luxury items.","og_url":"https:\/\/www.tatacapital.com\/blog\/capital-goods-loan\/benefits-of-a-consumer-durable-loan\/","og_site_name":"TATA Capital Blog","article_published_time":"2020-01-02T09:32:56+00:00","article_modified_time":"2025-01-29T09:27:14+00:00","og_image":[{"width":770,"height":400,"url":"https:\/\/www.tatacapital.com\/blog\/wp-content\/uploads\/2020\/01\/bfcdl-banner.jpg","type":"image\/jpeg"}],"author":"Tata Capital","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Tata Capital","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.tatacapital.com\/blog\/capital-goods-loan\/benefits-of-a-consumer-durable-loan\/","url":"https:\/\/www.tatacapital.com\/blog\/capital-goods-loan\/benefits-of-a-consumer-durable-loan\/","name":"Benefits of a Consumer Durable Loan - TATA Capital Blog","isPartOf":{"@id":"https:\/\/www.tatacapital.com\/blog\/#website"},"datePublished":"2020-01-02T09:32:56+00:00","dateModified":"2025-01-29T09:27:14+00:00","author":{"@id":"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/5ccf99347b9365e2fa68bd32006d0b4a"},"description":"Consumer durable loans offer 0% interest, instant approval, minimal documentation, and flexible repayment options for buying white goods and luxury items.","breadcrumb":{"@id":"https:\/\/www.tatacapital.com\/blog\/capital-goods-loan\/benefits-of-a-consumer-durable-loan\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.tatacapital.com\/blog\/capital-goods-loan\/benefits-of-a-consumer-durable-loan\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.tatacapital.com\/blog\/capital-goods-loan\/benefits-of-a-consumer-durable-loan\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.tatacapital.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Benefits of a Consumer Durable Loan"}]},{"@type":"WebSite","@id":"https:\/\/www.tatacapital.com\/blog\/#website","url":"https:\/\/www.tatacapital.com\/blog\/","name":"TATA Capital Blog","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.tatacapital.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/5ccf99347b9365e2fa68bd32006d0b4a","name":"Tata Capital","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a6a38ea7397ec3ff4a8dc9b854558dbfc2d1c417498effd79c6186d3edf6ae28?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a6a38ea7397ec3ff4a8dc9b854558dbfc2d1c417498effd79c6186d3edf6ae28?s=96&d=mm&r=g","caption":"Tata Capital"},"sameAs":["https:\/\/tata-blog.osian.dev\/blog"],"url":"https:\/\/tata-blog.osian.dev\/blog\/author\/admin\/"}]}},"featured_image_url":"https:\/\/tata-blog.osian.dev\/blog\/wp-content\/uploads\/2020\/01\/bfcdl-banner.jpg","_links":{"self":[{"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/posts\/3433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/comments?post=3433"}],"version-history":[{"count":2,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/posts\/3433\/revisions"}],"predecessor-version":[{"id":3449,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/posts\/3433\/revisions\/3449"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/media\/3441"}],"wp:attachment":[{"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/media?parent=3433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/categories?post=3433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/tags?post=3433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}