When Should You Avail Consumer Finance? | AU Small Finance Bank
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When Should You Avail Consumer Finance?

    The number of nuclear families and working partners are steadily increasing. Also increasing, are their incomes and dependence on home appliances and other services that substitute their presence at home. So, addressing questions like who will share the load - the answer is a fully automatic washing machine!

    However, its cost itself takes almost a month’s salary. That is when consumer finance comes into play. Apne sapno ko pankh dijiye aur udaan bhariye because there are banks and financial institutions standing beside you, for your support. AU Bank provides consumer finance on items like:

    • Electronics (such as refrigerators and washing machines),
    • Computers, Laptops, and Accessories,
    • Mobile phones, Furniture,
    • Medical Services (Dental, Hair, Skin treatment etc),
    • Private Education and Learning Classes (Music Classes, Coaching classes),
    • Travel Services,
    • Medical Equipment,
    • Modular Kitchens

     

    Consumer Finance:

     

    Consumer finance is basically a way to move one step ahead of your existing way of living. With ever-evolving technological developments, it is hard to keep up, but some goods have to be in our lives for the ease they offer.

     

    Without putting financial stress

     

    Sab chahte hain kam mehnat main zada kaam ho jaye. Geysers, room heaters, air conditioners, washing machines, laptops, fridge, TV, etc. are a huge part of our lives, more than we care to admit (hum kitna inpar dependent hain shayad humein khud bhi nahin pata). It is not always possible to buy all these goods at the same time, that is when a consumer finance option comes handy. Now the main features of consumer finance are

    • The applicant should be in a job or should be self-employed. At least a year's experience should be there in the respective work field.
    • The duration of consumer finance can be anywhere between 3 to 12 months.
    • The interest rate on consumer finance is much less as compared to personal loan. Some banks offer consumer finance even at 0% interest (on selected products). This may vary from bank to bank and financial institutions.
    • The documents required to file for a consumer finance are minimal. All you need is a Govt-issued identity proof and address proof (KYC)

    Now, more than ever, it is easier to live the life you've always wanted. With consumer finance so readily available, and at such great terms, go ahead and give your desires a go! Abhi nahin to kabhi nahin!

    Click here to know more about consumer finance loan

    While availing consumer finance, learn more about 5 essential FY20 financial instruments plan.


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