Paysense Consumer Durable Loan

Introducing Paysense Consumer Durable Loan: Your gateway for purchasing consumer durables without financial strain. With Paysense consumer durable loans, upgrade your home products with mobile loan, television loan and laptop loans and loans that cover home appliances too.

With Paysense Consumer Durable Loans, you get an interest rate 1.4% - 2.3% per month. Adding flexible EMI options to bring home a diverse selection of consumer durables that cater to your needs and aspirations.

Features & Benefits of Paysense Consumer Durable Loan

Want that new gadget or appliance? Paysense Consumer Durable Loans make it easy! Their consumer durable loan comes with loads of features and benefits like-

Instant Personal loans

Enjoy instant personal loans
from Rs 5000 to Rs 5 lakhs

Quick Disbursal

Get Loan approval and
money disbursed quick

100% Digtal

Enjoy paperless hassle-free

Low interest Rates

The interest rates range
from 1.4% - 2.3% per

No Collateral

Get fund without risking
your assets

Zero Credit history

Enjoy loans even if you
are new to credit and
lending system

Interest Rate of Paysense Consumer Durable Loan

Consumer durable loan interest rates are a necessary part when you purchase big to small durable appliances that you require. Paysense consumer durable loan helps you have all the things you need for an interest rate that is flexible. Check out the Paysense consumer durable loan interest rate in the table below;

Interest Rate of CD loan 1.4 % - 2.3% per month
Processing Fee Up to 2.5% of the loan amount

Eligibility Criteria of Paysense Consumer Durable Loan

Want to apply for a consumer durable loan? The next step to meet the eligibility criteria of the Paysense consumer durable loan are listed below in the table. Like any bank, they also set a category on who can apply for a consumer durable loan and who cannot.

Eligibility criteria for Salaried and Self-Employed:

Citizenship Indian
Residence Residence of Paysense serviceable areas.
Age of the borrower 21 - 65 years old
Employment Must be salaried or self employed
Minimum monthly income ₹12,000 - ₹15,000
Other Should have an active net-banking account
Note: The minimum income required for a salaried individual is Rs 15,000 and for a self employed it is Rs 12,000

Documents Required For Paysense Consumer Durable Loans

Documents are an important requirement while applying for consumer durable loans. Documents act as trust between you and the lender. You can apply for a Paysense Consumer Durable Loan online or through the Paysense app. The process is quick and easy, and you can get approval within minutes.

Here are the documents required for a consumer durable loan by Paysense:

Identity proof PAN Card & Selfie
Address proof Aadhaar Card, Voter ID, Passport or Driving License
Salary proof Salary slips for the last 3 months, bank account statements for 6 months, Form 16.

Calculate EMI for your Consumer Durable Loan

It is crucial to calculate the EMI for a loan because it determines your capacity for payments. A monthly payment made by a borrower to a lender is known as an EMI. The principal sum, interest rate, and tenure are all factors. Utilise the Personal Loan EMI Calculator to determine your loan's EMI.

Monthly EMI 86
Principal Amount 1,000
Total Interest 32
Total Amount 1,032.00

Year Month Principal (A) Interest (B) EMI (A+B) Balance Loan Paid to Date (%)

The second method is to calculate your EMI manually through the EMI formula mentioned below-

EMI = [P x R x (1+R)^N] / [((1+R)^N) - 1]


  • EMI is the equated monthly instalment.
  • P is the principal amount.
  • R is the interest rate.
  • N is the loan tenure.

Types of Paysense Consumer Durable Loans provide

This instant consumer durable loan lets you bring home the products you desire without burdening your finances. With Paysense consumer durable loan offering a wide range of essential items, it has become one of the most liked consumer durable loan companies. Therefore, it is one of the trusted lenders of Buddy Loan. Here are some consumer durables you can purchase with these loans:

  • Paysense Mobile Loan: Upgrade to your latest phone with a consumer durable loan by Paysense. The loan helps you purchase your favourite mobile phone, the process is instant with a loan amount up to Rs. 5 lakhs.
  • Paysense Camera Loan: Paysense Camera Loan is a personal loan that you can use to purchase a new camera. The loan amount ranges from Rs. 5,000 to Rs. 1 lakh and the tenure is from 3 to 36 months. The interest rate is 1.4% to 2.3% per month.
  • Paysense Laptop Loan: Paysense Laptop Loan is a tailored lending solution designed to provide you with the financial support necessary to acquire a laptop of your choice. Paysense Laptop Loan makes it easy for you to own a laptop and stay productive in today's tech-driven world.
  • Paysense Television Loan: The Paysense Television Loan is a customised/personalised financing option to help you bring home the latest television models with ease. Whether you're looking to upgrade your entertainment setup, enhance your home viewing experience, or stay in tune with the latest trends in technology, this loan offers a convenient way to achieve your goals.
  • Paysense Washing Machine Loan: The Paysense Washing Machine Loan is a dedicated financing solution that empowers you to bring home a new washing machine without financial strain. Get the convenience of efficient laundry care by availing the benefits of the Paysense Washing Machine Loan.
  • Paysense Fridge Loan: The Paysense Fridge Loan is a specialised financial solution that enables you to acquire a new refrigerator without disrupting your budget. With flexible repayment plans and interest rates, get the best for your home.

Consumer Durable Loan Amount with Paysense

Paysense consumer durable loans offer varying loan amounts to cater to different needs and preferences. The loan amount you can avail of depends on factors such as your income, credit history, and the product you intend to purchase.

They start with an attractive interest rate of 1.4 % to 2.3% per month while offering loan amounts starting from Rs 5000 to up to Rs 5 Lakhs. The Paysense consumer durable loan is accessible to all. In most cases, it is approved quickly.

Things to Keep in Mind While Applying for a Consumer Durable Loan

Make informed decisions with Paysense consumer durable loan. It's essential to be informed and make careful decisions that align with your financial well-being. Consumer durable loan companies offer a convenient way to gain high-value goods and products. However, before diving into the application process, there are several crucial factors to remember, like -

  • Researching Lenders: Thoroughly research different lenders and their offerings. Compare interest rates, processing fees, and repayment terms to find the most suitable option.
  • Know Your Eligibility: based on factors like income, credit score, and existing financial commitments. This helps you determine a realistic loan amount.
  • Review Terms and Conditions: Carefully read the terms and conditions of the loan agreement. Look for any hidden charges or penalties for early repayment.
  • Assess Repayment Capability: Ensure the equated monthly instalment (EMI) comfortably fits your financial situation to avoid straining your finances. And avoid missed payments.
  • ReConsider Your Needs: Assess if the product you're financing is genuinely essential. Make sure the loan aligns with your long-term financial goals and doesn't burden you unnecessarily.

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How to Apply for Paysense Consumer Durable Loans

Applying for a Paysense consumer durable loan, is simple and fast. However, the process gets even more simplified while applying through Buddy Loan. The loan application process is convenient and easy. You can access necessary products, while enjoying flexible repayment options.

Learn how to apply for Paysense Consumer Durable Loans through Buddy Loan and uplift your lifestyle without financial strain.

  • Step 1: Visit or Download & install the Buddy Loan app (Android or iOS).
  • Step 2: Open the Personal Loan Application Page. Provide the mobile number and enter the received OTP.
  • Step 3: Specify the desired loan amount & personal email. Next, choose the Personal Loan option
  • Step 4: Choose the employment type (Salaried, Self-Employed, or Student) and the salary mode (bank or cash).
  • Step 5: Enter your work details (Including company name, years of service and Designation)
  • Step 6: Enter your personal details (Including Full Name, PAN, address DOB & Gender)
  • Step 7: Provide your communication address, and income details and Click the ‘Submit’ button.

Ready to take the next step? Apply for a Personal loan now!


Paysense consumer durable loans serve as a significant financial solution for individuals who want to upgrade their essential consumer goods. The seamless application process and quick approvals make these loans accessible. In particular, for those who might face challenges with traditional financing avenues, Paysense consumer durable loan is one of the finest options.

Consumer durable loan companies help bridge the affordability gap and provide flexible repayment options. More importantly, consumer durable loans by Paysense empowers consumers to access products that enhance their quality of life.

Services at Paysense's consumer durable loans play a pivotal role in personal financial and economic growth enabling individuals to realise their aspirations without undue financial stress.

Frequently Asked Questions

You can follow the steps mentioned above to get a Paysense consumer durable loan.

Anyone who meets the eligibility criteria of the lender can avail of a personal loan in Pondicherry.

Consumer durable loan by Paysense can range from Rs 5000 to Rs 5 lakh

Paysense consumer durable loan has an interest rate of 1.4% - 2.3% per month.

You can take a consumer durable loan with Paysense to purchase any electronic appliance or household durable.

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