Apply for Instant Consumer Durable Loan Online

Consumer Durable Loan

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At a Glance

Do you want to buy the latest refrigerator or washing machine? Are you looking to upgrade your old appliances or need funds to set up your home in a new city? If you are, your search for funds ends with DBS Bank. Enjoy a paperless loan application process along with flexible repayment plans with our online Consumer Durable Loans.

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DBS Bank Consumer Durable Loan

A type of Personal Loan, DBS Bank Consumer Durable Loan enables you to purchase a wide range of household appliances from refrigerators and air-conditioners to television sets, furniture, and more. You can avail of this unsecured loan without pledging any collateral and get speedy fund disbursals directly into your account.

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Features & Benefits

Affordable interest rates: Enjoy competitive interest rates starting from 10.99% on your Consumer Durable Loan online.
Longer repayment tenure: Our extensive loan repayment tenure of 12 to 60 months means that you can repay your loan comfortably.
Pocket-friendly EMIs: You can use our Personal Loan EMI calculator to arrive at an appropriate EMI amount to suit your monthly budget.
Hassle-free Documentation: Complete the entire loan application process through our website by submitting scanned copies of your documents and also complete the e-KYC process online.
Instant approval and disbursal: Get funds credited into your account within 4-48 hours. Preapproved customers can get disbursals into their DBS Bank Savings Account within minutes.
No restrictions on end-use: Use your DBS Bank Consumer Durable Loan to purchase any home appliances, durable items or furniture of your choice without worrying about any end-use restrictions on the loan amount.

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Personal Loan Eligibility Criteria

You can get a Consumer Durable Loan from DBS Bank upon fulfilling the following criteria:

Age Group: 22 years to 60 years
Nationality: Resident and Non-Resident Indians
Applicants: Salaried or self-employed applicants
Minimum Net Monthly Income: INR 20,000
Credit Score: Above 650 points

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Documents Required

Submit scanned copies of the following documents with your DBS Bank online Personal Loan application.

ID Proof: Aadhaar, PAN, Driving License, Voter ID, Passport, etc.
Address Proof: Aadhaar, Driving License, Voter ID, Passport, Rent Agreement, Latest Utility Bills, Bank Passbook, etc.
Income Proof: Last 3 salary slips, 3 months bank statements

*Income Proof documents to be submitted only upon the bank's request and based on the loan amount.

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How to Apply for DBS Bank Consumer Durable Loan Online?

Download the DBS Bank app on your phone by scanning the QR code on the website or from your phone's application store.
Complete the e-KYC process to open a Savings Account.
Go to the top-left corner of the app, and under 'Loans', select 'Personal Loans'.
Click on Apply For New Loan > Get Started > Check Eligibility.
Select your preferred EMI plan, attach scanned copies of documents and hit submit.