We're constantly crafting offers and deals for you. Get them delivered straight to your device through website notifications.

All You Have To Do Is Click On "Allow".


Are you sure?

You will not be eligible for exclusive offers from Tata Capital


We will notify you in case any special offers are available

Consumer Durable Loan EMI Options

How to choose the right EMI option?

Choosing the right consumer durable loan EMI option is crucial to making the loan repayment process convenient and hassle-free. Here’s how to go about choosing the right EMI option.

  • Identify the different loan options for consumer durable loans.

  • Choose an EMI option that’s in keeping with your financial capability.

  • Identify a convenient repayment tenure.

  • Consider the product for which the loan is taken and ensure that the EMI option chosen is ideal.

How much EMI do you need?

Equated Monthly Instalment depends on the principal loan amount, the interest rate charged and the tenure for which the loan is taken. We provide Consumer Durable Loans with loan tenure up to 24 months.

How to repay your EMI?

You can decide how you want to repay the loan. For a fixed consumer durable loan interest rate and loan amount, you can choose the tenure and the EMI that is comfortable to you. The longer the tenure, lower will be the EMI. You can also prepay your loan after meeting defined terms and conditions without any additional fees.

You can pay your loan through auto debit or ECS facility. In exceptional cases, you can also opt for a post-dated cheque payment facility.

To make your loan repayment easier, you can follow some of these strategies.

  • Use any excess funds to foreclose your loan partially or completely.

  • Set reminders to pay your EMIs on time.

  • If your budget allows for it, opt for a shorter tenure even if it means higher EMIs, so you can repay your loan faster.


Before choosing the loan tenure and the EMI amount, consider the following factors.

  • Your financial ability

  • Your future financial outlays

  • Your existing liabilities


These factors can help you decide just how much EMI you can afford to pay out each month. You could also get in touch with the Tata Capital representative in your favourite partner store for assistance on the possible EMI options.

You could make use of Tata Capital’s Consumer Durable Loan EMI calculator to help you make the right decision. Here’s how the calculator works.

  • Input the loan amount and repayment tenure.

  • Click on the “calculate” option.

The calculator then displays the amount of EMI you’ll need to pay each month. You can modify the input details to arrive at an EMI amount that you find affordable.

No, you don’t require an EMI card to secure a consumer durable loan from Tata Capital. You can avail of a consumer durable loan from us as long as you satisfy our eligibility criteria and submit all the necessary documents.

It is a good idea to always keep sufficient funds in your account to ensure that you make your EMI payments on time. In case you fail to pay your EMI within the due date, a penal interest charge shall be levied at the rate of 3% on the amount overdue per month. In the case of a bounced cheque or mandate rejection, an additional penalty of ₹ 450 shall be charged, in addition to GST thereon.

No-cost EMI is a scheme where you only pay the price of the product divided equally over the specified loan tenure. For instance, if you purchase a mobile phone for ₹ 15,000 using no-cost EMIs distributed across a 3-month tenure, you are liable to pay only ₹ 5,000 each month for 3 months. This effectively means that no interest shall be levied on the purchase price. In certain cases, a processing fee may be levied for availing the no-cost EMI scheme. 

You can check your statement of accounts by using any one of the following options.

  • Log into your Tata Capital account using your user ID and password, your registered email ID, or your mobile number.

  • Use our dedicated Tata Capital smartphone app to obtain the statement.

  • Walk into any of our branches to obtain your statement of accounts. A fee of ₹ 250 plus GST shall be applicable for branch walk-ins.

Managing your consumer durable loan account is easy. All you have to do is log into the Tata Capital website using your user ID and password, your registered e-mail ID, or your registered mobile number. Alternatively, you could also access your Tata Capital account via our dedicated Tata Capital smartphone app. This way, you can keep track of your loan repayment schedule and pay your EMIs on time.