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Best Consumer Durable Loan from Sugmya Finance
Consumer Durable Loan Features
Our loans offer competitive interest rates, longer repayment periods, and low loan amounts. We also provide flexible repayment schedules and offer access to resources such as financial literacy training.
In addition, our loans help customers purchase consumer durables such as electronics, furniture, and appliances without having to pay the full amount upfront.
Loans Disbursed
132,569+
Pincodes Covers
11,360+
Cities & Towns
6,000+
Consumer Durable Loan Features
Consumer Durable Loans are loans taken to purchase various consumer durables such as televisions, refrigerators, washing machines, and other home appliances. These loans are offered by financial institutions with attractive interest rates and flexible repayment options. The features of a consumer durable loan include :
Quick Process
Quick and easy approval process.
Additional Discount
Additional discounts on the purchase of consumer durables.
No Charges
No pre-payment or foreclosure charges
Low Interest
Competitive interest rates & flexible repayment options.
Multiple Purchase
Option to purchase items from multiple stores.
Doorstep Service
Option to avail doorstep service for loan processing.
Eligibility
Sugmya Finance delivers a diversified range of financial solutions to it’s customers. Here are the eligibility criteria for Consumer Durable Loans.
For the Consumer Durable Loans, the borrower must meet the specific eligibility criteria for the loan, as set by the lender. This may include minimum income requirements, minimum years of employment, and other criteria such as:
- The borrower must be over 18 years of age.
- The borrower must have a regular source of income.
- The borrower must have a bank account in their name.
- The borrower must have a valid ID proof and address proof
Consumer Durable Loans Requirement
Sugmya Finance, is a company built with a vision for transformation, differentiator and change in the financial inclusion sector. The process for taking a consumer durable loan typically involves the following steps:
Research
Researching available loan options and comparing rates and terms.
Loan Application
Submitting the loan application and providing the required documents to the lender.
Credit Assessment
The lender will conduct a credit assessment and background check.
How to Apply
Customer’s can avail of the consumer durable loan at reasonable EMIs and hassle-free tenure for repayment.
Here are the steps to apply for the same.
- Apply online or visit the nearest branch.
- Submit the required documents.
- Provide the necessary information.
- Once application is approved, the loan amount will be disbursed to customer’s account.
FAQ’s
Here are the list if FAQ’s for Consumer Durable Loans. You may ask us incase of anything further.
You can apply for a consumer durable loan either online or by visiting the nearest branch of Sygmya Finance. To apply online, you need to fill out an online form and submit the required documents. You will also need to provide the necessary information. Once the application is approved, the loan amount will be disbursed to your account.
The repayment terms for a consumer durable loan typically range from 6 months to 2 years, depending on the loan amount and the borrower’s financial profile. The repayment terms are calculated from the date of disbursal of the loan amount and can be made in EMIs.
Yes, some lenders may offer the option to purchase items from multiple stores. This option allows the borrower to purchase items from different stores and make a single payment. The loan amount will be disbursed to the stores upon approval.
Yes, this loan can be availed at doorstep service for loan processing. This service may include the submission of documents and loan application at the borrower’s doorstep. The lender may also provide assistance with the loan application process.
Social Activity/Blog
Sugmya Finance, is one of the responsible institutions for micro finance in India. We are doing many social activities and that includes providing financial literacy training, offering microloans and grants, and contributing to charitable causes in the community.
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