Consumer Durable Loans

No cash left? Take consumer durable loan to bring home LED television

No cash left? Take consumer durable loan to bring home LED television

Last Updated : Feb. 28, 2020, 5:35 p.m.

The passion for ceiling television is still quite strong despite the growth of alternative channels like smarphones and apps offering the experience of televsion. The glossy feature, sleek design and higher resolution do make televsion viewing a pleasant experience these days. In the age of innovation, people are constantly switching to LED or LCD televisions with some finding hard to buy these televisions because of their soaring costs, which can be in the range of Rs 40,000-2 lacs. But now-a-days when the financing options with the availability of loan on durable goods, there is no reason why you can’t fulfill the dream of buying such televsions.

Just select one piece at the dealer’s showroom and apply for the loan to bring it at your home. Banks and non-banking financing companies (NBFCs) are increasingly offering consumer durable loan , a type of personal loan , to customers to buy products like refrigerator, LED televsion, washing machine, fitness equipment, music system, home theatre, laptop, among others. You can get the loan upto 80%-100% of the cost price of the product for a period of 6 months-3 years. Depending upon your income and repayment capacity, the lender will set your loan amount eligibility. You can pay off the loan in easy Equated Monthly Installments (EMIs), a portion of principal and interest on the loan. Aligning with the title of the article, we will talk extensively on how you can bring some LED televisions at your home via consumer durable loan.

Sony Bravia KDL 43W950C 43 inch Smart 3D Full HD LED

The 43-inch LED Full HD television has a resolution of 1920 x 1080 pixels, combined with 2 USB ports, 4 HDMI ports, Motion Flow XR 800 HZ. The starting price of the product is Rs 72,000 (Estimated).

Table showing the EMI and interest on loan taken to buy Sony Bravia KDL 43W950C 43 inch Smart 3D Full HD LED (Assuming the monthly income to be Rs 20,000)

Bank Name Max Loan Amount Max Tenure Interest Rate Processing Fee EMI Interest Payout Total Payout (Principal+Interest)
SBI Rs 64,800 3 years 12.6%-15.1% Rs 655 Rs 2,412-2,499 Rs 14,836-17,980 Rs 86,836-89,980
ICICI Bank Rs 64,800 3 years 11.49%-22% Rs 1,620 Rs 2,137-2,475 Rs 12,115-24,291 Rs 76,915-89,091
HDFC Bank Rs 72,000 3 years 16%-20% Rs 1,440 Rs 2,531-2,676 Rs 19,127-24,328 Rs 91,127-96,328
Axis Bank Rs 72,000 3 years 15.5%-24% Rs 720 Rs 2,514-2,825 Rs 18,488-29,692 Rs 90,488-1,01,692

LG 43UF770T 43 inch Smart 4K Ultra HD LED

The 43-inch LED ultrra HD LED television features resolution of 3840 x 2160 pixels, picture mastering index of 1400 HZ, 3 USB and HDMI ports. Available in an aspect ratio of 16:09, the product is offered at a starting price of Rs 66,000 (Estimated).

Table showing the EMI and interest on loan taken to buy LG 43UF770T 43 inch Smart 4K Ultra HD LED (Assuming the monthly income to be Rs 20,000)

Bank Name Max Loan Amount Max Tenure Interest Rate Processing Fee EMI Interest Payout Total Payout (Principal+Interest)
SBI Rs 59,400 3 years 12.6%-15.1% Rs 600 Rs 1,990-2,062 Rs 12,240-14,833 Rs 71,640-74,233
ICICI Bank Rs 66,000 3 years 11.49%-22% Rs 1,650 Rs 2,176-2,521 Rs 12,340-24,741 Rs 78,340-90,741
HDFC Bank Rs 66,000 3 years 16%-20% Rs 1,320 Rs 2,320-2,453 Rs 17,533-22,301 Rs 83,533-88,301
Axis Bank Rs 66,000 3 years 15.5%-24% Rs 660 Rs 2,304-2,589 Rs 16,948-27,217 Rs 82,948-93,217

Sony Bravia KDL 43W800C 43 inch Smart 3D Full HD LED

The 43-inch fulll HD LED comes with resolution of 1920 x 1080 pixels, 2 and 4 HDMI ports, and motionflow XR 800 Hz. The starting price of the product is Rs 60,000 (Estimated).

Table showing the EMI and interest on loan taken to buy Sony Bravia KDL 43W800C 43 inch Smart 3D Full HD LED (Assuming the monthly income to be Rs 20,000)

Bank Name Max Loan Amount Max Tenure Interest Rate Processing Fee EMI Interest Payout Total Payout (Principal+Interest)
SBI Rs 54,000 3 years 12.6%-15.1% Rs 546 Rs 1,809-1,875 Rs 11,127-13,485 Rs 65,127-67,485
ICICI Bank Rs 60,000 3 years 11.49%-22% Rs 1,500 Rs 1,978-2,291 Rs 11,218-22,491 Rs 71,218-82,491
HDFC Bank Rs 60,000 3 years 16%-20% Rs 1,200 Rs 2,109-2,230 Rs 15,939-20,273 Rs 75,939-80,273
Axis Bank Rs 60,000 3 years 15.5%-24% Rs 600 Rs 2,095-2,354 Rs 15,407-24,743 Rs 75,407-84,743

Samsung UA48J6300AK 48 inch Curved Smart Full HD LED

The 48-inch full HD LED television offers 1920 x 1080 pixel resolution, clear motion rate of 200 Hz, 3 USB and 4 HDMI ports, and has 116W power consumption. The price of the product starts from Rs 87,000 (Estimated).

Table showing the EMI and interest on loan taken to buy Samsung UA48J6300AK 48 inch Curved Smart Full HD LED (Assuming the monthly income to be Rs 20,000)

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

Bank Name Max Loan Amount Max Tenure Interest Rate Processing Fee EMI Interest Payout Total Payout (Principal+Interest)
SBI Rs 74,000 3 years 12.6%-15.1% Rs 747 Rs 2,479-2,569 Rs 15,248-18,479 Rs 89,248-92,479
ICICI Bank Rs 78,300 3 years 11.49%-22% Rs 1,958 Rs 2,582-2,990 Rs 14,639-29,351 Rs 92,939-1,07,651
HDFC Bank Rs 78,300 3 years 16%-20% Rs 1,566 Rs 2,753-2,910 Rs 20,801-26,457 Rs 99,101-1,04,757
Axis Bank Rs 78,300 3 years 15.5%-24% Rs 783 Rs 2,734-3,072 Rs 20,106-32,290 Rs 98,406-1,10,590

(Updated on:5 November,2016)

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