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Consumer Durable Loan

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.

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.

How to Get Freo’s Consumer Durable Loan

Step 1

Download & apply

Download the Freo app and complete your registration and loan application.

Step 2

Verify your details

After the approval from our system, we’ll schedule a KYC visit to your house / office to collect documents.

Step 3

Set your terms

Credit line is ready to use! From the approved limit, transfer as much money as you need to your bank account.

Step 4

Get your funds

Check Eligibility & Documents for Freo’s Consumer Durable Loan

Who Can Apply

Indian resident, aged 22 to 55 years

Minimum net monthly income of ₹25,000

Both salaried & self-employed applicants eligible

Has a credit score of 650 or above

What You’ll Need

PAN card

For Identity and Credit Verification

ID proof

(Aadhaar Card, Passport or Driving Licence)

Address proof

(Aadhaar, Passport or Driving Licence)

Selfie via app

(for KYC)

How to Get Freo’s Consumer Durable Loan

Step 1

Download & apply

Download the Freo app and complete your registration and loan application.

Step 2

Verify your details

Complete KYC with a selfie, confirm your employment and income details, and verify your bank account.

Step 3

Set your terms

Step 4

Get your funds

Check Eligibility & Documents for Freo’s Consumer Durable Loan

Who Can Apply

Indian resident, aged 22 to 55 years

Minimum net monthly income of ₹25,000

Both salaried & self-employed applicants eligible

Has a credit score of 650 or above

What You’ll Need

PAN card

For Identity and Credit Verification

ID proof

(Aadhaar Card, Passport or Driving Licence)

Address proof

(Aadhaar, Passport
or Driving Licence)

Selfie via app

(for KYC)

How to Get Freo’s Consumer Durable Loan

Step 1

Download & apply

Download the Freo app and complete your registration and loan application.

Step 2

Verify your details

Complete KYC with a selfie, confirm your employment and income details, and verify your bank account.

Step 3

Set your terms

Step 4

Get your funds

Check Eligibility & Documents for Freo’s Consumer Durable Loan

Who Can Apply

Indian resident, aged 22 to 55 years

Minimum net monthly income of ₹25,000

Both salaried & self-employed applicants eligible

Has a credit score of 650 or above

What You’ll Need

PAN card

For Identity and Credit Verification

ID proof

(Aadhaar Card, Passport or Driving Licence)

Address proof

(Aadhaar, Passport
or Driving Licence)

Selfie via app

(for KYC)

Check Eligibility & Documents for Freo’s Consumer Durable Loan

Who Can Apply

Indian resident, aged 22 to 55 years

Minimum net monthly income of ₹25,000

Both salaried & self-employed applicants eligible

Has a credit score of 650 or above

What You’ll Need

PAN card

For Identity and Credit Verification

ID proof

(Aadhaar Card, Passport or Driving Licence)

Address proof

(Aadhaar, Passport
or Driving Licence)

Selfie via app

(for KYC)

Someone like you is happy with Freo

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.

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 Freo 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.

Get the app for a seamless application process

Get the app for a seamless application process

With Freo's Personal Loan, you will have money available instantly 24x7 to use anytime, anywhere. Click below to experience its power.

Our journey so far

5 years and counting as India’s 1st app based Credit Line

5 years and counting as India’s 1st app based Credit Line

1.1M

Happy faces

1.1M

Happy faces

252K

Loans disbursed

252K

Loans disbursed

5

Years of service

5

Years of service

10M+

Years of service

10M+

Years of service

Medical Loan FAQs

Medical Loan FAQs

What is a consumer durable loan?

Is consumer durable loan secured or unsecured?

How can I buy an LED TV on EMI?

Can I buy home appliances on EMI without a credit card?

How can I apply for a consumer durable loan online?

What are the options to finance an AC on EMI?

What products can I purchase with a consumer durable loan?

Make the Move

What are you waiting for?

MWYN Tech Private Limited

CIN: U72200KA2015PTC083534
Address: G-405,4th Floor - Gamma Block, Sigma Soft Tech Park Varthur, Kodi Whitefield Post, Bangalore - 560066

Copyright © 2026 MWYN Tech Pvt Ltd. All rights reserved.

Make the Move

What are you waiting for?

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MWYN Tech Private Limited

CIN: U72200KA2015PTC083534
Address: G-405,4th Floor - Gamma Block, Sigma Soft Tech Park Varthur, Kodi Whitefield Post, Bangalore - 560066

Copyright © 2026 MWYN Tech Pvt Ltd. All rights reserved.

Make the Move

What are you waiting for?

MWYN Tech Private Limited

CIN: U72200KA2015PTC083534
Address: G-405,4th Floor - Gamma Block, Sigma Soft Tech Park Varthur, Kodi Whitefield Post, Bangalore - 560066

Copyright © 2026 MWYN Tech Pvt Ltd. All rights reserved.