Consumer Loans :-

Buying white goods and brown goods is now as easy as opening a account. Now’s the time to buy that computer for your child to build his future with, or the air conditioner that’s the hottest in the town.

Consumer loans have made it all very easy and with reach for all and sundry. The following banks provide for loans that are exclusively created for the consumer durables. Other banks offer personal loans that can be used for any purpose, including consumer durables.

The loan eligibility depends on the tenure and salary/income. For instance, Citibank gives a loan of around 4x net salary for a 1 year loan, 7x net salary for 2 years, 9x net salary for 3years and so on.