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Buy the Latest Furniture on EMI!

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Loan up to ₹5 Lakhs
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Minimum Salary Required ₹15K
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Instant Approval
Calculate Personal Loan EMI

Monthly EMI

₹ 0

Interest Payable

₹ 0

Buy a Furniture on EMI without a Credit Card

Are you looking for ways to spruce up your home without disrupting your budget? With a Personal Loan from Hero FinCorp, you can buy the latest furniture on EMI without a credit card. The instant Personal Loan offers easily accessible funds of up to Rs 5 Lakh to pay for your favourite sofa, bed, storage cabinet, shoe rack, or bookshelf. Once you bring the furniture home, repay the loan at your convenience in easy EMIs. Another advantage is that you don't need to pledge any asset as collateral to secure the loan.

In short, a Personal Loan from Hero FinCorp helps purchase furniture on EMI without any down payment or end-use restrictions. You can repay the actual price of your purchase later in installments that are suitable to your budget.
 

Features and Benefits of Buying Furniture on EMI Without Credit Card

While you can buy furniture on EMI with a credit card, purchasing with a Personal Loan offers multi-faceted benefits, including the following:

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Pocket-Friendly

Borrowing a personal loan for furniture makes expensive purchases affordable through manageable EMIs.

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Attractive Interest Rate

Personal loan interest rates are lower than credit cards, making furniture purchases more affordable on EMI.

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Collateral-Free

Hero FinCorp's collateral-free personal loans let you buy furniture without needing assets or guarantors.

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Flexible Repayment Tenure

Personal Loan EMI calculator helps you choose a suitable loan tenure, ensuring affordable monthly instalments.

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Instant Approval

100% digital loan procedures enable quick approvals, allowing you to purchase furniture during sales or discounts.

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No Additional Paperwork

Hero FinCorp offers personal loan for furniture with minimal documentation - just proof of identity, address, and income.

Eligibility Criteria for Furniture on EMI

You must meet the following eligibility criteria for Personal Loan to buy furniture on EMI. These are simple conditions that almost everyone can easily fulfil and get the required funding without hassle.

CriteriaRequirement
Age21 to 58 years of age
CitizenshipIndian citizenship
Work ExperienceSix months for salaried; two years for self-employed
Monthly IncomeMinimum Rs. 15,000 per month

Documents Required to Buy Furniture on EMI

Documentation requirements for Hero FinCorp Personal Loans are minimal and straightforward. You can obtain a personal loan for  furniture online by uploading soft copies of your identity, income, and address proof, such as an Aadhaar card, PAN card, voter ID card, bank statement, ITR, salary slips, utility bills, driving license, etc.    

Documents required for Salaried

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Proof of Photo Identity

Driving License, Passport, PAN Card, Aadhaar Card

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Mandatory Documents

Loan Application Form, Passport Size Photo

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Proof of Income

6 Months’ Salary Slips & Bank Statements, Form 16

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Job Continuity Proof

Appointment Letter from Current Employer

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Proof of Residence

Driving License, Passport, Aadhaar Card, Utility Bill

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Additional Documents (Self-Employed Only)

N/A

Documents required for Self Employed

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Proof of Photo Identity

Driving License, Passport, PAN Card, Aadhaar Card

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Mandatory Documents

Loan Application Form, Passport Size Photo

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Proof of Income

Last 6 Months Bank Statements, ITR for Last 2 Years

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Job Continuity Proof

N/A

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Proof of Residence

Maintenance Bill, Utility Bill, Property Documents, Rent Agreement

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Additional Documents (Self-Employed Only)

Copy of Tax Registration, Shop Establishment Proof, Company's Registration Certificate

Interest Rate on Personal Loan to Buy Furniture on EMI

A Personal Loan allows you to buy furniture on EMI without a credit card and without hefty interest charges. The interest rate on personal loan for furniture is much lower than that of credit cards. At Hero FinCorp, the Personal Loan interest rate is up to 30% per annum.

A competitive interest rate eventually translates into a smaller loan cost and easier installment repayment. To get the lowest interest rate on a personal loan furniture online, maintain a decent credit score, pay off outstanding balances, mention all income sources, and retain job stability.

Interest Rate

Starting from 19% p.a.

Loan Processing Charges

Minimum Processing fee is 2.5%+ GST

Prepayment Charges

N.A.

Foreclosure Charges

5% + GST

EMI Bounce Charges

Rs 350/-

Interest on Overdue EMIs

1-2% of the loan/EMI Overdue Amount Per Month

Cheque Bounce

Fixed Nominal Penalty

Loan Cancellation

1. Online loan app does not charge any cancellation charges

2. Interest amount paid is non-refundable

3. Processing charges are also non-refundable

How to Apply for a Personal Loan to Buy a Furniture on EMI?

Applying for a Personal Loan at Hero FinCorp is a simple 5-step process you can complete online. Follow these steps to apply:

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  • 1

    Visit the Hero FinCorp website or install the Personal Loan app

  • 2

    Go to the Personal Loan page and click ‘Apply Now

  • 3

    Enter your mobile number and verify with the OTP received

  • 4

    Choose the loan amount you need

  • 5

    Verify your KYC details to check income eligibility

  • 6

    Click ‘Submit’ to complete your application

What Our Clients Say About Us

It's a great appreciation for obtaining the best personal loan with the fewest papers necessary and promptly disbursing loan ...funds. I truly appreciate your assistance. Simple procedure and a user-friendly interface. There are no problems, inquiries or anything else as long as you pay.

Savi Gupta, Bangalore

Herofincorp has great funds for various purposes. I got the best personal loan offer compared to interest rates, terms, and fees for ...my best financial situation. Thanks for your assistance.

Rashi Kohli, New Delhi

It is a simple procedure. For financial emergencies, it is the best option. Thanks for their assistance. Adaptable and well-balanced. You can acquire an immediate loan transfer with Hero FinCorp.

Lalji Soni, Chennai

Processing is quick, and had great experiences with this personal loan application and service. I appreciate customer support's gentle communication in helping the process go more smoothly. interest rates provided on the personal loan is the lowest in market. Overall experience good. I'm grateful.

Raj Chaudhary, Mumbai

I have been looking for a platform that allows me to borrow money quickly, it is convenient, safe and reliable to borrow money on this practical and reliable platform.

Kadam Kailash, Gurgaon

Frequently Asked Questions

Purchasing furniture on EMI is the best option to revamp your home and make it a comfortable place to live. An online personal loan lets you buy furniture on EMI without any end-use restrictions. You can distribute the furniture’s cost in installments through a loan and repay it over a tenure of up to 36 months.
To buy furniture on EMI, you must apply for a Personal Loan. If approved, you will receive the required funding to finance the purchase. Once borrowed, you must repay the loan amount in EMIs with interest spread across a repayment tenure with budget-friendly instalments. These loans have no collateral requirement, require no branch visits or paperwork, and make the required funding available in minutes.
Buying furniture on loan requires you to repay the borrowed amount with interest. In addition to interest, you must be prepared to pay other charges, including processing fees, prepayment charges, documentation charges, EMI bounce charges, etc.
Your furniture on EMI amount largely depends on your loan amount, interest rate, and repayment tenure. The higher the loan amount and interest rate, the bigger the EMIs. Similarly, the shorter the repayment tenure, the bigger the EMIs. An EMI calculator helps determine the repayment tenure with pocket-friendly EMIs.