Quick Pay 
Factors affecting Consumer Durable Loan Interest Rates
Make sure to analyse the factors affecting consumer durable loan interest rates and charges before applying
Credit Score
Your credit history majorly impacts the interest rate for a consumer durable loan. A good credit score ensures a more affordable interest amount.
Loan Term
The interest rate depends on the tenure you are opting for your loan. Choosing a shorter loan term ensures a lower interest rate compared to longer-term loans.
Market Conditions
The ongoing market conditions can also affect interest rates. Rates may vary based on factors like inflation, interest rate trends, and overall economic stability.
Loan Amount
Larger loan amount may lead to higher interest rates. The amount you borrow for your purchase will impact the interest rate.
Applicable Consumer Durable Loan Charges and Fees
With TVS Credit, finance your consumer durable purchases in an affordable way. Pay minimal consumer durable loan charges and own the product you want. Here are the applicable fees and charges by TVS Credit
| Fee type | Applicable charges |
|---|---|
| Processing Fee | … |
| Additional Processing fee/Admin fee | … |
| Post Disbursement Documentation Charge | … |
Miscellaneous Charges
| Fee type | Applicable charges |
|---|---|
| … | … |
Frequently Asked Questions
You can get the following products financed under Consumer Durable Loan: Refrigerator, Washing Machine, AC, LED TVs, Home Theatres, Laptops and more.
Yes, TVS Credit provides you with the option to foreclose your Consumer Durable Loan.
Yes, a Consumer Durable Loan is provided to finance the purchase of household appliances and gadgets. While Personal Loans also known as consumer loans can be used for multiple purposes to meet your urgent needs.
Check out the eligibility criteria to get a Consumer Durable Loan from TVS Credit.