Buy the Latest Refrigerator on EMI!
Buy a Refrigerator on EMI without a Credit Card.
The primary objective of a refrigerator is to keep things cold and fresh for longer. However, the appliance must work optimally to avoid food spoilage. You must also replace it every few years to get the latest equipment. However, many people avoid this due to a lack of finance. That is when a personal loan for a refrigerator comes into play.
Hero FinCorp offers Personal Loans of up to Rs. 5 Lakh without end-use restrictions. You can use the loan amount to fulfil your aspirations, handle emergencies, achieve goals, or make big-ticket expenses like a refrigerator purchase. Please continue reading to learn how a Personal Loan allows you to buy a refrigerator on EMI and why it is the best funding option.
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Features and Benefits of Buying Refrigerator on EMI Without Credit Card.
Here are a few benefits of buying a refrigerator on EMI without a credit card:
Pocket-Friendly
With Hero FinCorp's Rs. 5 Lakh personal loan, you can buy a refrigerator on EMI within your budget.
Attractive Interest Rate
Hero FinCorp offers personal loans with interest rates up to 30%, lower with good credit scores.
Collateral-Free
Buy a refrigerator on EMI with Hero FinCorp's unsecured loans, no collateral or guarantor required.
Flexible Repayment Tenure
Hero FinCorp offers flexible personal loan repayment up to 36 months with budget-friendly EMI options.
Instant Approval
Apply for a personal loan to buy a refrigerator online, with instant approval and quick disbursement.
No Additional Paperwork
Hero FinCorp Personal Loans require only basic documents (identity, address, income) with a zero-paperwork process.
Find Out
If You Are Eligible.
Please verify the eligibility criteria for a personal loan for a refrigerator online. Simple eligibility conditions make Hero FinCorp Personal Loans easily accessible to all. These include the following:
| Criteria | Requirement |
|---|---|
| Age | 21 to 58 years of age |
| Citizenship | Indian citizenship |
| Work Experience | Six months for salaried; two years for self-employed |
| Monthly Income | Minimum Rs. 15,000 per month |
Interest Rate on Personal Loan to Buy Refrigerator on EMI.
At Hero FinCorp, your Personal Loan interest rate can be 30% at most. That means the refrigerator’s cost does not increase excessively when you convert its payment into EMIs. Maintain a high credit score, reduce your debt-to-income and credit utilisation ratio, and show all income sources to get the lowest interest rate on a personal loan for refrigerator at Hero FinCorp.
Interest Rate
Starting from 18% 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 Refrigerator on EMI?
Have you decided to buy a refrigerator on EMI using a Personal Loan from Hero FinCorp? You can apply online or via the Hero FinCorp Personal Loan App on your mobile device.
Follow these steps to apply online:
Visit the Hero FinCorp website or install the Personal Loan app
Go to the Personal Loan page and click ‘Apply Now’
Enter your mobile number and verify with the OTP received
Choose the loan amount you need
Verify your KYC details to check income eligibility
Click ‘Submit’ to complete your application
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Frequently Asked Questions.
Hero FinCorp offers a repayment tenure of up to 36 months. If your budget allows, you can prepay your EMI or pay off the remaining amount before the term ends. However, the prepayment is permitted only after 12 months of the loan sanction, and prepayment charges will apply.
An interest rate of up to 30% is applicable when you buy a refrigerator on EMI using a Personal Loan. The better your eligibility and repayment capacity, the lower the interest rate you can obtain.
To qualify for a Personal Loan at Hero FinCorp, you must be a salaried or self-employed Indian citizen between 21 and 58 with sufficient work experience in your current job or field.
You can buy a refrigerator on EMI using a credit card, but the interest rate is too high. A Personal Loan to distribute the appliance's cost into EMIs is a much better option with a lower interest rate and flexible repayment terms.