How Does A Personal Loan Help You Get Television On EMI?

Advantages of Buying a TV on a Loan

Purchasing the TV you desire can be a major expense, especially if your old TV has broken down and you need to buy a new one immediately. A loan on a TV purchase offers multiple advantages, including the following:

• Ample Loan Amount: A TV loan can provide up to Rs 3 Lakh to purchase your desired TV.
• Attractive Interest Rates: Personal Loan interest rates are reasonable enough to avoid unnecessarily increasing the gadget's cost.
• Flexible Repayment: You may choose a repayment term of up to 60 months with EMIs suitable to your monthly repayment capacity.
• Access to a Better TV: Since you don't need to pay the TV’s price upfront, you can opt for a bigger, better, or more feature-rich TV.
• No Need to Exhaust Savings: You can purchase your desired TV without exhausting your savings.
• 100% Digital Application: You don't need to run from pillar to post to seek a TV loan. You can apply for TV loans online from your home and get the required funding instantly.
• Simple Eligibility and Documentation: TV finance through Personal Loans involves a straightforward process without complicated eligibility criteria and documentation requirements.

How Does Getting a TV on Loan Work?

Borrowing a loan for a TV involves the following steps:

• Decide upon the loan amount required for the TV purchase.
• Use a loan EMI calculator to select an appropriate loan term.
• Apply for a television loan on the Hero FinCorp app or website.
• Provide the necessary documents to complete the application process.
• Review the loan offer and read the terms and conditions carefully before accepting the loan offer.
• Make a solid repayment plan to pay the EMIs on time.

How a Personal Loan Helps You to Get Television on EMI?

A Personal Loan helps you get a TV on EMIs in the following ways:

• Instant loan approval to finance the purchase
• Freedom to purchase a bigger and better television
• Cost distribution in EMIs
• Easy repayment in budget-friendly instalments
• Competitive interest rates to keep the cost affordable

Also Read: How To Calculate Your Personal Loan Emi Through Various Methods?

How to Apply for a Personal Loan Online to Get a TV on EMI?

Funding a TV purchase with an instant cash loan makes the process much easier and faster. Follow these simple steps to apply for a television loan:

• Visit the Hero FinCorp website or personal loan app. 
• Go to the Personal Loan section and click ‘Apply Now.’
• Fill out an online application form with your personal, professional, and financial details.
• Scan and upload the required documents, including your identity, income, and address proof.
• Wait for the verification process to complete and receive approval.
• Review and accept the loan offer to get disbursal in a few hours.

Conclusion

Do you plan to purchase a TV on loan? Opting for a Personal Loan from Hero FinCorp to finance your television purchase on EMI is a strategic financial move. It provides the flexibility to acquire the latest technology without straining your budget. With competitive interest rates and convenient repayment options, Hero FinCorp ensures a seamless and affordable experience. 

Frequently Asked Questions

1. What is TV finance?

A Personal Loan used for purchasing a television is called TV finance.

2. How can TV finance help me with investment decisions?

When you purchase a TV on loan, you can make a better investment decision according to your budget. Borrowing a loan with reasonable interest rates and choosing an appropriate repayment tenure makes TV finance affordable.

3. What are the eligibility criteria for a TV loan?

Both salaried and self-employed individuals can apply for a TV loan. However, to qualify, you must fulfil the financial institution’s age, income, and work experience-related conditions.

4. Is a down payment required for a TV loan?

No, Personal Loans are unsecured loans that do not require any down payment, guarantor, or security.

5. How long is the repayment period for a TV loan?

You can repay a TV loan in a repayment period of up to 36 months. An EMI Calculator helps select the right repayment term suitable to your budget.