Consumer durable loan is here to get you laptops of Rs 50K-65K
Last Updated : Feb. 28, 2020, 5:27 p.m.
Things have definitely improved in the financial services space with banks and non-banking finance companies (NBFCs) increasingly consumer durable loan to customers these days. Be it air conditioners or the high-definition LED televisions or the latest mobile phones or glossy tablets, you can get all that on consumer durable loan if you do not have the savings or don’t want to utilize it to buy such durables.
Consumer durable loan can be availed for a period of 6 months-3 years. Loan amount eligibility depends upon the monthly income and repayment capacity of the individual. Interest rate, which differs from lender to lender, ranges within 12%-25% per annum. We, in this article, will talk about consumer durable loan to buy laptops priced between Rs 50K-60K.
Dell Inspiron 15 3543
Operating on Windows 8.1, the laptop features Core i5 5th Gen Processor, 8 GB RAM, 2GB graphics, resolution of 1366 x 768 pixels. The laptop, which comes in a size of 15.6 inches, weight of 2.4 kg and thickness of 22 mm, is available at an estimated price of 52,000.
Table showing EMIs, interest on loan taken to buy Dell Inspiron 15 3543 (Assuming monthly income of Rs 15,000)
| Bank/NBFC Name |
Loan Amount Eligibility
(in Rs.) |
Loan Tenure
(in Years) |
Interest Rate
(in p.a.) |
Processing Fee
(in Rs.) |
EMI
(in Rs.) |
Interest Payout
(in Rs.) |
Total Amount (Principal + Interest)
(in Rs.) |
|---|---|---|---|---|---|---|---|
| SBI | 46,800 | 3 | 12.6%-15.1% | 500 | 1,568-1,625 | 9,644-11,687 | 56,444-58,487 |
| HDFC Bank | 49,400 | 3 | 16%-22% | 500 | 1,737-1,887 | 13,123-18,518 | 62,523-67,918 |
| Axis Bank | 44,200 | 3 | 15.5%-24% | 500 | 1,543-1,734 | 11,350-18,227 | 55,550-62,427 |
| Tata Capital | 44,200 | 2 | 13.99%-17.5% | 221-1105 | 2,154-2,337 | 7,487-11,886 | 51,687-56,086 |
Apple MacBook Pro MD101HN/A Ultrabook
The laptop is equipped with Core i5 2nd Gen Processor, 4G RAM, Multi Card Slot Reader, 2USB ports, web camera, HDMI port. The screen size, weight and thickness of the laptop is measured to be 13.3 inches, 1.62 kg and 19 mm, respectively. With 500 GB HDD storage, the product is available at an estimated price of Rs 60,000.
Table showing EMIs, interest on loan taken to buy Apple MacBook Pro MD101HN/A Ultrabook (Assuming monthly income of Rs 15,000)
| Bank/NBFC Name |
Loan Amount Eligibility
(in Rs.) |
Loan Tenure
(in Years) |
Interest Rate
(in p.a.) |
Processing Fee
(in Rs.) |
EMI
(in Rs.) |
Interest Payout
(in Rs.) |
Total Amount (Principal + Interest)
(in Rs.) |
|---|---|---|---|---|---|---|---|
| SBI | 54,000 | 3 | 12.6%-15.1% | 545 | 1,809-1,875 | 11,127-13,485 | 65,127-67,485 |
| HDFC Bank | 54,000 | 3 | 16%-22% | 1080 | 1,898-2,062 | 14,345-20,242 | 68,345-74,242 |
| Axis Bank | 51,000 | 3 | 15.5%-24% | 510 | 1,780-2,001 | 13,096-21,032 | 64,096-72,032 |
| Tata Capital | 51,000 | 2 | 13.99%-17.5% | 255-1,275 | 2,448-2,534 | 7,762-9,812 | 58,762-60,812 |
Lenovo Ideapad Z51-70 (80K60021IN)
Powered by Windows 8.1, the laptop incorporates Core i5 5th Generation Processor, 8 GB RAM, 4 GB graphics with storage of 1 TB HDD. The laptop weighs 2.3 kg and has thickness of 24.6 mm with screen size of 15.6 inches and resolution of 1920 x 1080 pixels. The estimated price of the laptop is Rs 63,000.
Table showing EMIs, interest on loan taken to buy Lenovo Ideapad Z51-70 (80K60021IN) (Assuming monthly income of Rs 15,000)
| Bank/NBFC Name |
Loan Amount Eligibility
(in Rs.) |
Loan Tenure
(in Years) |
Interest Rate
(in p.a.) |
Processing Fee
(in Rs.) |
EMI
(in Rs.) |
Interest Payout
(in Rs.) |
Total Amount (Principal + Interest)
(in Rs.) |
|---|---|---|---|---|---|---|---|
| SBI | 56,700 | 3 | 12.6%-15.1% | 573 | 1,900-1,968 | 11,683-14,159 | 68,383-70,859 |
| HDFC Bank | 56,700 | 3 | 16%-22% | 1134 | 1,993-2,165 | 15,063-21,254 | 71,763-77,954 |
| Axis Bank | 53,550 | 3 | 15.5%-24% | 536 | 1,869-2,101 | 13,751-22,083 | 67,301-75,633 |
| Tata Capital | 53,550 | 2 | 13.99%-17.5% | 267.5-1340 | 2,571-2,661 | 8,150-10,302 | 61,700-63,852 |
HP Pavilion 15-ac028TX (M9V04PA)
The laptop features Core i7 5th Generation Processor, 8 GB RAM, 2 GB Graphics and a storage of 1TB HDD. The screen size, weight and thickness of the laptop are 15.6 inches, 2.14 kg and 24.3 mm, respectively. Available with 3 USB ports and a HDMI port, the product is offered at an estimated price of Rs 62,000.
Table showing EMIs, interest on loan taken to buy HP Pavilion 15-ac028TX (M9V04PA) (Assuming monthly income of Rs 15,000)
| Bank/NBFC Name |
Loan Amount Eligibility
(in Rs.) |
Loan Tenure
(in Years) |
Interest Rate
(in p.a.) |
Processing Fee
(in Rs.) |
EMI
(in Rs.) |
Interest Payout
(in Rs.) |
Total Amount (Principal + Interest)
(in Rs.) |
|---|---|---|---|---|---|---|---|
| SBI | 55,800 | 3 | 12.6%-15.1% | 564 | 1,869-1,93 | 11,498-13,934 | 67,298-69,734 |
| HDFC Bank | 55,800 | 3 | 16%-22% | 1,116 | 1,962-2,131 | 14,823-20,917 | 70,623-76,717 |
| Axis Bank | 52,700 | 3 | 15.5%-24% | 527 | 1,840-2,068 | 13,533-21,733 | 66,233-74,433 |
| Tata Capital | 52,700 | 2 | 13.99%-17.5% | 264-1318 | 2,530-2,618 | 8,021-10,139 | 60,721-62,839 |
HP Pavilion 15-P077tx Notebook
The Windows 8.1 laptop model incorporates Core i5 4th Generation Processor, 8 GB RAM, 2 GB Graphics while offering storage capacity of 1TB HDD with 3USB ports, a HDMI port and resolution of 1366 x 768 pixels. The laptop comes with a screen size, weight and thickness of 15.6 inches, 2.44 kg and 23.9 mm, respectively. The price of the laptop stands at estimated value of Rs 58,000.
Table showing EMIs, interest on loan taken to buy HP Pavilion 15-P077tx Notebook (Assuming monthly income of Rs 15,000)
| Bank/NBFC Name |
Loan Amount Eligibility
(in Rs.) |
Loan Tenure
(in Years) |
Interest Rate
(in p.a.) |
Processing Fee
(in Rs.) |
EMI
(in Rs.) |
Interest Payout
(in Rs.) |
Total Amount (Principal + Interest)
(in Rs.) |
|---|---|---|---|---|---|---|---|
| SBI | 52,200 | 3 | 12.6%-15.1% | 527 | 1,749-1,812 | 10,756-13,035 | 62,956-65,235 |
| HDFC Bank | 52,200 | 3 | 16%-22% | 1,044 | 1,835-1,994 | 13,867-19,567 | 66,067-71,767 |
| Axis Bank | 49,300 | 3 | 15.5%-24% | 500 | 1,721-1,934 | 12,659-20,330 | 61,959-69,630 |
| Tata Capital | 49,300 | 2 | 13.99%-17.5% | 247-1233 | 2,367-2,449 | 7,503-9,485 | 56,803-58,785 |
(Updated on:2 NOvember,2016)