Frequently Asked Questions Cards

A Consumer Durable Loan is an option given to customers to purchase durable items. Here’s a list of some of the many durable items you can purchase:

Digital Products such as Mobile phones, cameras, tablets, DSLRs, audio devices, laptops, Smart watches, etc. 

Household products such as fridges, washing machines, microwaves, kitchen appliances, Water heater, etc.

Lifestyle products such as furniture, Modular kitchen, Camera lenses, tyres, Health & beauty packages, supermarket purchases, recliners, etc.

A Consumer Durable Loan makes the purchase of your desired durable product easy. In case you are buying more than one item or an expensive product, it removes the immediate financial burden. You do not have to wait for a long time to save money to buy your desired product. Furthermore, you can avail a No-Cost EMI on many of the products offered as this makes your purchase even more affordable.

Simply get an approval online and then walk into the store and purchase the product of your choice like AC on EMI, camera on EMI, mobile on EMI, tablets on EMI or TV on EMI.

You can apply for our Consumer Durable Loan by clicking on Apply Now

- Walk into the nearest dealership store and our sales representative can help you with the application process. Locate store

 In case you want to apply right away, follow the below steps: 

- Step 1: Click here to start your application process 

- Step 2: Click on “Apply Now” 

- Step 3: Enter your mobile number for OTP verification.

- Step 4: Fill in your personal details.

- Step 5: Once your Loan application is accepted, visit our representative at the nearest dealership store. Locate store

Salaried individuals in the age group of 21 years to 60 years & Self-employed individuals in the age group of 21 years to 65 years can apply for IDFC FIRST Bank Consumer Durable Loan.

Click here to apply for IDFC FIRST Bank Consumer Durable Loan via our website. 

You can view your Consumer Durable Loan details via:

- The IDFC FIRST Bank Mobile app. Click here to download the app.

- WhatsApp Banking - Send a ' Hi' on 95555 55555 to initiate.

IDFC FIRST Bank Consumer Durable Loan offers loan of up to ₹8 Lakhs.

We have one of the best Consumer Durable finance solutions. Our loans are tailored to your needs with flexible and extended tenures with following benefits:

- Quick and Easy Loan Application process- Click here to apply for IDFC FIRST Bank Consumer Durable loan

- Quick online approvals within minutes

- Easy processing: Walk into the nearest dealership store, choose your desired product, instantly get an approval on your loan application by submitting the required documents to our sales representative

- Flexibility: We offer loans ranging from ₹5,000 to ₹8 Lakhs with a maximum tenure of 36 months

- No Cost EMI options on a wide range of products. No Cost EMI is also referred to as interest free EMI

- No security deposit: No security deposit is required to avail of a Consumer Durable Loan from IDFC FIRST Bank.

- Loan details on your phone  - Easily access your loan details, view/download documents or make EMI payments and much more via our IDFC FIRST Bank mobile app.

Yes, you can cancel your application after your Consumer Durable Loan has been approved subject to receipt of cancellation request within 30 days or 1st EMI presentation date, whichever is earlier. In case of cancellation after these milestones, cancellation will be treated as foreclosure. 

To cancel your application, you can visit the dealership store from where you had applied for the loan and raise a request for loan cancellation. 

However, we would deeply regret the loss of your patronage. 

No, a co-applicant is not required to apply for a Consumer Durable Loan from IDFC FIRST Bank.