Bring home these power saver air conditioners via consumer durable loan

In the sultry hot summer, it gets taxing for the body on account of recurrent perspiration and the discomfort that it brings. Suddenly, the focus shifts to air conditioners that can cool things down and provide the comfort you need after getting battered by the hot weather. But on the flip side is the soaring electricity bills that can result due to the operation of the air conditioner. You can choose from a series of air conditioners in the market. But not many can offer low power consumption, which is key to the reduction in electricity bill. So, we have listed out some power-saver air conditioners that you can buy. If you have the cash of say Rs 35,000-70,000, you can buy the top rated power saver air conditioner. Else, you will have to take consumer durable loan to bring home these air conditioners.

Yes, you can take consumer durable loan from banks as well as non-banking finance companies (NBFCs) to buy products like refrigerator, washing machine, air conditioner, laptop, music system, health equipment system, recliner, etc. You can get the finance upto 80-100% of the price of the product for a period of 6 months-3 years. The loan amount eligibility is based on your monthly income, repayment capacity, savings, etc.

So, without much ado, let's get down to the power-saver air conditioners and their ownership on consumer durable loan.

Hitachi KASHIKOI 5300I (RAU512IWEA)

The 1-tonne, 5-star rated split air conditioner has a power consumption of 492 KWH for 1600 hours. The price of the AC is Rs 53,800.

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Table showing the EMI and interest on loan taken to buy Hitachi KASHIKOI 5300I (RAU512IWEA) (Assuming the monthly income to be Rs 15,000)

Bank NameLoan AmountMax Loan TenureInterest RateProcessing FeeEMIInterest PayoutTotal Amount (Principal + Interest)
SBIRs 48,420312.6%-15.1%Rs 500Rs.1,622-1,681Rs9,977-12,091Rs58,397-60,511
ICICIRs 53,800311.49%-22%Rs 1,345Rs1,774-2,055Rs10,059-20,167Rs63,859-73,967
HDFC BankRs 53,800316%-20%Rs 1,076Rs1,891-1,999Rs14,292-18,178Rs68,092-71,978
Axis BankRs 53,800315.5%-24%Rs 538Rs1,878-2,111Rs13,815-22,186Rs67,615-75,986

Godrej GSC 12 GIG 5 DGOG

The 1-tonne, 5 star rated AC is next in the line with a power consumption of 511 KWH for 1600 hours. The AC is available at a price of Rs 57,500.

Table showing the EMI and interest on loan taken to buy Godrej GSC 12 GIG 5 DGOG (Assuming the monthly income to be Rs 15,000)

Bank NameLoan AmountMax Loan TenureInterest RateProcessing FeeEMIInterest PayoutTotal Amount (Principal + Interest)
SBIRs 51,750312.6%-15.1%Rs 523Rs 1,734-1,796Rs 10,663-12,923Rs 62,413-64,673
ICICIRs 57,500311.49%-22%Rs 1,438Rs 1,896-2,196Rs 10,750-21,554Rs 68,250-79,054
HDFC BankRs 57,500316%-20%Rs 1,150Rs 2,022-2,137Rs 15,275-19,429Rs 72,775-76,929
Axis BankRs 57,500315.5%-24%Rs 575Rs 2,007-2,256Rs 14,765-23,712Rs 72,265-81,212

Hitachi KASHIKOI 5200I (RAU512AWEA)

The 1-tonne, 5-star rated split air conditioner offers 560 KWH power consumption for 1600 hours. You can get the product with a price of Rs 51,000.

Table showing the EMI and interest on loan taken to buy Hitachi KASHIKOI 5200I (RAU512AWEA) (Assuming the monthly income to be Rs 15,000)

Bank NameLoan AmountMax Loan TenureInterest RateProcessing FeeEMIInterest PayoutTotal Amount (Principal + Interest)
SBIRs 45,900312.6%-15.1%Rs 464Rs 1,538-1,593Rs 9,458-11,462Rs 55,358-57,362
ICICIRs 51,000311.49%-22%Rs 1,275Rs 1,682-1,948Rs 9,535-19,118Rs 60,535-70,118
HDFC BankRs 51,000316%-20%Rs 1,020Rs 1,793-1,895Rs 13,548-17,232Rs 64,548-68,232
Axis BankRs 51,000315.5%-24%Rs 510Rs 1,780-2,001Rs 13,096-21,032Rs 64,096-72,032
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LG BSA12MAYD

The 4-star rated, split air conditioner comes with a power consumption of 648 KWH for 1600 hours. The cost of the product is Rs 45,000.

Table showing the EMI and interest on loan taken to buy LG BSA12MAYD (Assuming the monthly income to be Rs 15,000)

 Note-EMIs, interest, loan amount will vary on different income levels.

Bank NameLoan AmountMax Loan TenureInterest RateProcessing FeeEMIInterest PayoutTotal Amount (Principal + Interest)
SBIRs 40,500312.6%-15.1%Rs 409Rs 1,357-1,406Rs 8,345-10,113Rs 48,845-50,613
ICICIRs 45,000311.49%-22%Rs 1,125Rs 1,484-1,719Rs 8,413-16,869Rs 53,413-61,869
HDFC BankRs 45,000316%-20%Rs 900Rs 1,582-1,672Rs 11,954-15,205Rs 56,954-60,205
Axis BankRs 45,000315.5%-24%Rs 500Rs 1,571-1,765Rs 11,555-18,557Rs 56,555-63,557

(Updated on:3 November,2016)

 

Personal Loan Interest Rates October 2018
Bajaj Finserv10.99% - 16.00%
Fullerton India14.00% - 33.00%
HDFC Bank11.25% - 21.50%
ICICI Bank10.99% - 18.40%
IndusInd Bank10.99% - 16.00%
Kotak Bank10.99% - 20.99%
RBL13.00% - 18.00%
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State Bank of India/SBI8.70% - 9.25%
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LIC Housing8.70% - 9.05%
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