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Consumer Durable Loans Eligibility Criteria
Find out if you’re eligible for a Consumer Durable Loan with TVS Credit. We have all the required information to help you out. Check your eligibility and apply for a Consumer Durable Loan now!
Nationality
Indian
Age
18 – 65 years*
Status of Employment
Active
Employment Type
Salaried/Self-Employed
What are the Documents Required for a Consumer Durable Loan?
Ensure that you meet the criteria for your Consumer Durable Loan and submit the below documents to get your loan approved quickly.
Factors Affecting Consumer Durable Loan eligibility
Age
Your age must be 21 years or older. If not, you can continue the loan process with a guarantor.
Income Stability
Your work experience at your current organization should be at least 6 months.
Credit Score
You should maintain a credit score of more than 750 to increase the instant Consumer Durable Loan approval possibility.
Existing Debt Status
Your present debt status and repayment pattern can affect the chances of getting your loan approved.
Frequently Asked Questions
The Consumer Durable Loan documents depend on several factors such as
- The age of the individual must be 21 years or older,
- Should have at least 6 months of work experience at their current organization
- Credit score of more than 750
Check out the complete list of required documents by visiting our consumer durable loan product page.
Finance your Consumer Durable purchase with TVS Credit’s Consumer Durable Loan and enjoy these benefits:
- 2 Minute Loan Approval
- No Cost EMI
- Minimal Documentation
- Zero Down Payment
- First-time Borrowers Eligible
Individuals who are salaried or self-employed can apply for a Consumer Durable Loan. Check out the detailed consumer durable loan eligibility criteria.
You can repay the consumer durable loan either online or at offline dealer outlets.
Yes, one can foreclose a Consumer Durable Loan taken from TVS Credit. Foreclosure allows borrowers to pay off their loan before the original tenure ends.