Consumer Durable Loans - Most popular kind of Personal loans
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Posted On :
Dec-22-2011
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Article Word Count :
517
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Personal loans have increased the spending power of the middle class across the nation. Now you no longer have to overlook your ambitions of having a home with beautiful interior, taking a foreign vacation, getting your child the best education, preparing for a grand wedding or even buying that new gadget in market.
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Personal loans have increased the spending power of the middle class across the nation. Now you no longer have to overlook your ambitions of having a home with beautiful interior, taking a foreign vacation, getting your child the best education, preparing for a grand wedding or even buying that new gadget in market. Personal loans make this possible for you in a jiffy. A very popular kind of personal loan in the market today is the consumer durable loan. This is offered by many companies like Bajaj finance consumer durable loan and the likes.
Being an unsecured loan, personal loans have gained popularity amongst consumers. Moreover, the ease of their availability and minimum to zero documentation process serves as the perfect incentive why many line up demanding for such a loan. The consumer durable loan has made it easy for users to avail loan for reasons that seemed petty before.
The consumer durable loan as the name suggests provides financial aid to purchase products like television, music system, washing machines and the likes. This loan is a unique concept in the financial aid sector, but is pretty successful in reaching out to the needs of the middle class. Many individuals find it hard to afford luxury. Consumer durable loans have made this possible. As per this policy an individual gets an amount ranging from Rs.10, 000 to Rs.1, 00,000 as loan with applicable interest rates and payback period. Also there are banks that provide loan of amount ranging from minimum Rs.5, 000 and the maximum amount of Rs.2, 00,000. The maximum payback duration of this loan is of 5 years.
A very popular product in consumer durable insurance now-a-days is Bajaj finance consumer durable loan. As per their client friendly policy loan amount ranging from Rs. 7,500 to Rs. 5, 00,000 is available to purchase the consumer durable you want. Their categories for the consumer durable include LCD/ LED/ Plasma TV, Air Conditioner, TV/ CTV, Washing Machine, Refrigerator/ Fridge, Microwave Oven and Home Theater System.
Bajaj finance consumer durable loan is available in a few hassle free steps. The process involves minimum documentation with on the spot approvals and rapid processing. Repayment options are flexible making it convenient for you to comply with the terms of the loan plan. You have the option of applying online or you could just walk into a nearby dealer partner showroom to avail the loan.
The best part about a consumer durable loan is that it is an unsecured loan like the other personal loans. Also the scheme aims at providing utmost customer benefit right from availing the required amount in a speedy process with minimum charges to the flexible duration of the payment. Registering online is the most convenient thing to do. To get a better understanding of the product you can fill in your details on the form available on the site and wait for a customer care executive to call you back. This will help you clear all your doubts and make an informed purchase.
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Article Source :
http://www.articleseen.com/Article_Consumer Durable Loans - Most popular kind of Personal loans_123048.aspx
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Author Resource :
Author is an experienced writer on finance related issues with keen interest in the trends of Indian finance industry. For best consumer durable loan options visit Bajaj finance consumer durable loan today.
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Keywords :
bajaj finance, bajaj finance loan, bajaj finance personal loan, bajaj finance consumer durable loan,
Category :
Finance
:
Loans
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