Published Jun 24, 2025 3 Min Read

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A consumer durable loan helps individuals purchase essential lifestyle products like appliances, electronics, and furniture without straining the finances. Instead of paying the full amount upfront, the total cost is divided into manageable monthly instalments. This makes it easier for families and individuals to upgrade their homes, especially during festive seasons or urgent replacement needs, without compromising on quality or features. These loans typically come with flexible repayment tenures, minimal documentation, and quick approvals, making them highly accessible for a wide range of buyers.

Bajaj Finserv offers the Easy EMI Loan with loan amounts of up to Rs. 5 lakh, flexible repayment options, and zero down payment on select models—helping you shop smartly without disrupting your savings.


 

Processing fees and other charges on the consumer durable loan

When applying for a consumer durable loan, it is important to understand the processing fees and additional charges that may apply.

Types of feesApplicable charges
Convenience feeRs. 300/- (Inclusive of applicable taxes).
Processing feesUp to Rs, 117/- (inclusive of applicable taxes) collected upfront
Upfront interestUp to Rs. 1,017/- Collected upfront or in 1st EMI

Foreclosure and prepayment charges for a consumer durable loan

Type of feeApplicable charges
Full prepayment (Foreclosure) chargesNIL
Part-prepayment chargesNIL
Direct cash collection chargeUp to Rs. 499 (Inclusive of Applicable taxes) will be charged upfront for providing an option to make EMI payments in cash

EMI Bounce and Penal Charges

Types of feesApplicable charges
Bounce chargeRs. 500/- per bounce.
“Bounce charges” shall mean charges for (i) dishonour of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate or any other reason.
Penal chargeDelay in payment of instalment(s) shall attract Penal Charge up to Rs. 3 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount.

GST and Additional Applicable Taxes on Consumer Durable Loan-(H2 Pointers with Des 150 200)

Transparent Pricing Policy at Bajaj Finserv-(H2 Pointer 150 200)

Frequently added questions

What is the processing fee for a consumer durable loan?

The processing fee for a consumer durable loan is up to Rs. 117, inclusive of applicable taxes, and is charged upfront at the time of loan initiation.

What happens if a consumer durable loan is not paid?

If the consumer durable loan is not paid:

  • The bounce charges would include- Rs. 500/- per bounce. “Bounce charges” shall mean charges for (i) dishonour of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate or any other reason.
  • Delay in payment of instalment(s) shall attract Penal Charge up to Rs. 3 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount.
What is included in a consumer durable loan?

The consumer durable loan includes:

  • Loan amount of up to Rs. 12 lakh, ideal for both everyday and high-value purchases.
  • Flexible EMIs to help you split payments and ease your monthly financial burden.
  • Customisable tenure between 3 to 60 months, depending on your repayment comfort.
  • Instant eligibility check and loan limit visibility online—get started in just a few clicks.
  • Wide availability at over 1.5 lakh partner stores in 4,000+ cities for maximum convenience.
  • Zero down payment options available on select items, making upgrades even more accessible.
What is the fees for loan processing?

The loan processing fee includes:

Type of feeApplicable charges
Convenience feeRs. 300/- (Inclusive of applicable taxes).
Processing feesUp to Rs, 117/- (inclusive of applicable taxes) collected upfront
Upfront interestUp to Rs. 1,017/- Collected upfront or in 1st EMI
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You can use the Bajaj Finserv App to: 

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Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app. 

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