Consumer Durable Loans

Consumer Durable Loans
Consumer Durable loan* is a finance option for purchase of household items like Washing
Machines, Refrigerators, AC, Color TV, LCD, Microwaves etc.
We offer certain finance schemes wherein the interest is subvented by the manufacturer or the
retailer as the case may be. For other products / schemes we charge our regular rate of interest.
Why choose Consumer Durable loans from TCFSL?
Consumer durable loans from TCFSL not only helps the customer realize his life aspirations of
being the proud owner of a Large screen television (LED/ LCD / Plasma etc) or even the latest
music systems, Home Appliances , Laptops , Smart phones.
Using a Consumer durable loan from TCFSL the customer can also fulfill his aspirations for
upgrading himself and go in for the products in the high end segments like a Bose music system
or the latest range of large screen above 50 inches television etc.
Products Covered Under Finance Options**:
1. Flat screen televisions ( LED / LCD / Plasma)
2. Washing Machines
3. Dryers
4. Refrigerators
5. Air Conditioners
6. Microwave
7. Dishwashers
8. Laptops / Desktops (Above Rs. 30,000)
9. Smart phones (Above Rs. 25,000)
10. Music Systems
** Schemes may differ from brand to brand and also among product type.
To view the Eligibility Criteria for Consumer Durable Loans,click here

To view the Documents required for Consumer Durable Loans,click here
To solve your queries regarding Consumer Durable Loans,click here
* Consumer Durable Loans are originated and serviced by Tata Capital Financial Services
Limited and are at its sole discretion.
Eligibility For Consumer Durable Loan

Following is the Eligibility Criteria for Consumer Durable Loans:
Criteria
Salaried
Self Employed
Minimum Age Limit
21 years
21 years
Maximum Age Limit
60 years
65 years
Minimum Loan Amount
Rs. 10,000*
Rs. 10,000*
Maximum Loan Amount
Rs. 1,25,000^
Rs. 1,25,000^
Minimum Net Tenor
6 months
6 months
Maximum Net Tenor
24 months
24 months
* Minimum Loan amount depends on the product

^ Funding upto Rs. 5,00,000 may also be considered upon submission of a valid Income Proof
Note: Finance under this scheme is only available to individuals.
However the final eligibility and approval** would differ for individual customer based on the
appraisal of every application received as per the company policies.
**The approval is at the sole discretion of TCFSL.
To Avail of a Consumer Durable loan the customer has to visit the nearest outlet of
CROMA or Reliance Digital at the below locations:
Mumbai
Pune
Ahmedabad
Baroda
Chennai
Bangalore
Hyderabad
Delhi NCR
Chandigarh
At the store we have our representative who will help the customer through the process right
from filling up the application till the final approval , which would just take a few minutes.
All documents that the applicant requires would be as mentioned below:
1. PAN card (mandatory)
2. Latest residential address proof ( not more than 2 months old) as per policy**
3. One latest passport size photograph
4. One security Post Dated Cheque
** documentation would be as per the KYC policy of the company and requirement on a case to
case basis.
To view the Documents required for Consumer Durable Loans,click here.
To Solve your queries regarding Consumer Durable Loans,click here.
Fees and Charges for Consumer Durable

Loans
Why choose Consumer Durable loans^ from TCFSL?
Consumer durable loans from TCFSL not only helps the customer realize his life aspirations of
being the proud owner of a Large screen television (LED/ LCD / Plasma etc) or even the latest
music systems, Home Appliances , Laptops ,Smart phones.
Using a Consumer durable loan from TCFSL the customer can also fulfill his aspirations for
upgrading himself and go in for the products in the high end segments like a Bose music system
or the latest range of large screen above 50 inches television etc.
Products Covered Under Finance Options*:
Flat screen televisions ( LED / LCD / Plasma)

Washing Machines
Dryer
Refrigerators
Air Conditioners
Microwave
Dishwasher
Laptops / Desktops
Smart phones
Music Systems
* Schemes may differ from brand to brand and also among product type.
Loan Amount Eligibility:
The minimum loan amount is Rs.10000 and the maximum loan amount that can be availed of is
Rs. 5 lacs.
However the final eligibility and approval** would differ for individual customer based on the
appraisal of every application received as per the company policies.
**The approval is at the sole discretion of Tata Capital Financial Services Limited.
To Avail a Consumer Durable Loan the customer has to visit the nearest outlet of CROMA
or Reliance Digital at the locations mentioned below:
Mumbai
Pune
Ahmedabad
Baroda
Chennai
Bangalore
Hyderabad
Delhi NCR
Chandigarh
Our representative at each store will help the customer through the process right from filling up
the application till the final approval, which would just take a few minutes.
Interest & Processing fees:
In a majority of the cases the customer is not charged any interest since it is borne by the
Manufacturer or Retailer as the case may be. Same is the rule for processing fees.
In cases where the interest is to be paid by the customer a minimum Interest cost is charged to
the customer along with processing fees.***
*** The interest and processing fees charged would be as per schemes applicable at the time of
billing
Loan Tenure and Closure:
The minimum tenure of the loan would be 6 months and the maximum tenure would be 24
months.
The loan can be foreclosed at any time after the first EMI with no charges.
Repayment:
The customer can make the repayment through ECS / Auto Debit from his bank account. All that
he / she will have to do is fill up the form and sign on the necessary places which will enable us
to activate the bank mandate.
Alternatively the customer can also provide us with cheques**** towards his repayment, he may
be charged a small fee for the same.
**** cheque should be MICR or local clearing , alternatively for outstation cheques it should be
payable at par cheque.
Facilities for which customer may have to visit the branch:
If customer wants to foreclose the loan the customer or his representative with an authority letter
would have to visit the branch.
In case customer would like to swap the cheques or bank mandate from which repayment will be
done then the customer or his representative with an authority letter would have to visit the
branch.
To view the Eligibility Criteria for Consumer Durable Loans,click here

To solve your queries regarding Consumer Durable Loans,click here.
^Originated and serviced by Tata Capital Financial Services Limited.
Documents Required
For Salaried Employees:
The following documents need to be submitted:
ID Proof, Completed Application Form, Address Proof is needed.

Income Proof- Last 2 months Pay slip is needed. (only for income products)
Latest 3 months Bank Statement showing salary credit is required.
For Self Employed Individuals:
The following documents need to be submitted:
ID Proof, Completed Application Form, Address Proof is needed.

Income Proof- Last 2 year ITR is needed. (only for income products)
Latest 3 Months Bank Statement is required.
Repayment should be from Proprietorship A/c OR Savings A/c only.
Incase of repayment from Proprietorship A/c, Shop Act License with Proprietor Name or
verified ECS with Proprietorship Stamp is required.
Note: The above stated documents are required only for income products and high loan amounts,
as per our policy.
To Solve your queries regarding Consumer Durable Loans,click here.

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Consumer Durable Loans

Why choose Consumer Durable loans from TCFSL?

Products Covered Under Finance Options**:

1. Flat screen televisions ( LED / LCD / Plasma)

8. Laptops / Desktops (Above Rs. 30,000)

9. Smart phones (Above Rs. 25,000)

10. Music Systems

To view the Eligibility Criteria for Consumer Durable Loans,click here

Eligibility For Consumer Durable Loan

Minimum Age Limit

Maximum Age Limit

Minimum Loan Amount

Maximum Loan Amount

Minimum Net Tenor

Maximum Net Tenor

* Minimum Loan amount depends on the product

Note: Finance under this scheme is only available to individuals.

All documents that the applicant requires would be as mentioned below:

1. PAN card (mandatory)

3. One latest passport size photograph

4. One security Post Dated Cheque

To view the Documents required for Consumer Durable Loans,click here.

To Solve your queries regarding Consumer Durable Loans,click here.

Fees and Charges for Consumer Durable

Products Covered Under Finance Options*:

Flat screen televisions ( LED / LCD / Plasma)

Loan Amount Eligibility:

Interest & Processing fees:

Loan Tenure and Closure:

Facilities for which customer may have to visit the branch:

To view the Eligibility Criteria for Consumer Durable Loans,click here

^Originated and serviced by Tata Capital Financial Services Limited.

The following documents need to be submitted:

ID Proof, Completed Application Form, Address Proof is needed.

For Self Employed Individuals:

The following documents need to be submitted:

ID Proof, Completed Application Form, Address Proof is needed.

To view the Documents required for Consumer Durable Loans,click here.

To Solve your queries regarding Consumer Durable Loans,click here.

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