Instant Consumer Durable Loan Online

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Consumer Durable Loan

Looking to buy an AC or a new LED TV on EMI to upgrade your lifestyle? Want to refurnish your home?

Get the Freo app for a personal loan with a line of credit that you can use as a consumer durable loan to purchase a wide variety of big-ticket items like ACs, TVs, refrigerators, smartphones, washing machines and other appliances on comfortable loan EMIs.

Apply now

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Freo Personal Loan Features and Benefits

Get a line of credit of up to ₹ 5 Lakh approved in real-time.

Withdraw as little as ₹ 3,000 or what you need or as much as your approved limit.

Pay interest only on the amount used and not on the entire amount approved for you.

Enjoy 100% cash withdrawals with Freo Credit Card.

Repay your card spends in flexible EMIs as you choose the payment period that ranges anywhere from 2 months to 36 months.

You just need a valid address proof and a government recognized ID to get started.

Someone like you is happy with Freo

Navjyoti

You can have credit cards but you have to pay hefty interest rates if you want to use them as a loan. You need to go for a personal loan if you need cash. But Freo credit has a kind of 2-in-1 facility that lets you withdraw cash when you need it and change it to EMI as well [with lower interest rates]. I think it's really helpful and unique.

Julen

The best feature on the app is instant feedback. You say "thank you" and it replies "welcome" - its' all done by the app. I have not seen this kind of intelligence in any other app. Absolutely love it.

N Cavin Misao

I was short of Rs. 30,000 for the down payment on my car. I used MoneyTap and got the money immediately. Thank you.

Navjyoti

You can have credit cards but you have to pay hefty interest rates if you want to use them as a loan. You need to go for a personal loan if you need cash. But Freo credit has a kind of 2-in-1 facility that lets you withdraw cash when you need it and change it to EMI as well [with lower interest rates]. I think it's really helpful and unique.

Julen

The best feature on the app is instant feedback. You say "thank you" and it replies "welcome" - its' all done by the app. I have not seen this kind of intelligence in any other app. Absolutely love it.

N Cavin Misao

I was short of Rs. 30,000 for the down payment on my car. I used MoneyTap and got the money immediately. Thank you.

Navjyoti

You can have credit cards but you have to pay hefty interest rates if you want to use them as a loan. You need to go for a personal loan if you need cash. But Freo credit has a kind of 2-in-1 facility that lets you withdraw cash when you need it and change it to EMI as well [with lower interest rates]. I think it's really helpful and unique.

Julen

The best feature on the app is instant feedback. You say "thank you" and it replies "welcome" - its' all done by the app. I have not seen this kind of intelligence in any other app. Absolutely love it.

N Cavin Misao

I was short of Rs. 30,000 for the down payment on my car. I used MoneyTap and got the money immediately. Thank you.

Eligibility Criteria

Must be a full-time salaried employee with a minimum take-home salary of ₹30,000/month

or

Must be a self-employed professional with an income of at least ₹30,000/month.

(Only certain professionals like doctors, lawyers, or business owners qualify)

Must be above 23 years and below 55 years of age

Must be a resident of one of the following cities:

Required Documents

Pan Card Number

Professional Selfie

To be taken on the Freo App

Address Proof

Valid Driving License / Valid Passport / Aadhar Card

ID Proof

Valid Driving License / Valid Passport / Voter’s ID / Aadhar Card / Pan Card

Reasons You Are Here

Need to make an immediate purchase for your home
Need to buy multiple electronic appliances at one time
You are starting afresh and need an additional source of finance
You are looking to upgrade your home/lifestyle
Want to buy the latest gadget in the market

No need to save up for years to be able to make purchases you need for your home and family to improve your quality of life. Now, with Freo line of credit, you can simply apply for a personal loan for consumer durables and fulfil all your needs!

Why Use MoneyTap to Fund Your Purchases?

An affordable consumer durable finance that suits your needs.
Freedom to apply for a higher amount for additional expenses - Freo lets you save on interest rates and allows you to decide the repayment terms.
Get a higher credit limit approved but only use what is actually required, no need to withdraw it all at once.
Freedom to pay interest on the amount used and not the amount approved.

Tips to Keep in Mind When Selecting a Financing Option to Buy Consumer Durables

When deciding between a consumer durable loan and a personal loan to buy big-ticket items for your home, be sure to check the interest rates before finalizing on your financing option.

Most traditional loans for consumer durables have extremely short payback periods. So, if you have to make a big purchase and are strapped for cash, it is best to go for a personal loan, so your repayment period is flexible.

Consumer durable loans only provide 80-90% of the total amount, whereas a personal loan gives you a lump sum which can be used as per your convenience.

When narrowing down on a financing option, be sure to incorporate the hidden costs such as processing fees that will also be deducted from the loan amount before selecting the best consumer durable loan option on hand.