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Smart Financing for Your Home & Lifestyle

Affordable credit solutions to bring home the latest appliances, electronics, and furniture without the financial strain.

The Consumer Loan scheme is designed to help you purchase essential household durables and lifestyle products. Whether itā€™s a high-end Smart TV, an energy-efficient Refrigerator, a Washing Machine, or modern Furniture, Bharat Bank provides the funds to make these purchases immediately. We offer competitive interest rates and flexible repayment tenures, ensuring that improving your quality of life remains budget-friendly.

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  • Purpose: The funds from Consumer loans can be purchase of consumer durables.
  • Loan Amount: Rs. 1 Lakh is the maximum amount.
  • Repayment Period: 36 Months is the maximum period to repay the loan amount.
  • Target Group: Salaried individuals, Self-employed professionals, and Businessmen.
  • Income Criteria: Minimum monthly income should be sufficient to service the EMI after all other deductions.
  • Guarantor: One Surety/Guarantor with adequate income or net worth is typically required for the unsecured/standard variant, on a case-to-case basis.
  1. KYC: PAN Card, Aadhaar Card or any one of Officially Valid Documents, and latest photograph.
  2. Income Proof: Salaried: Last 3 months' salary slips and Form 16.
    ā—¦ Self-Employed: Last 2 years' ITR and Financial Statements.
  3. Bank Statements: Last 6 months' operative account statement.
  4. Purchase Proof: Proforma Invoice or Quotation from the dealer for the durables to be purchased.
  • What items can I buy with this loan?
    You can purchase any consumer durable, including T.V.s, Refrigerators, Air Conditioners, Laptops, and Furniture.
  • Can I repay the loan before 36 months?
    Yes, you can choose a shorter tenure or make prepayments to close the loan early.

Service Charges, Margin & Rate of Interest :
- As Applicable from time to time

  • Purpose: The funds from Consumer loans can be purchase of consumer durables.
  • Loan Amount: Rs. 1 Lakh is the maximum amount.
  • Repayment Period: 36 Months is the maximum period to repay the loan amount.

  • Target Group: Salaried individuals, Self-employed professionals, and Businessmen.
  • Income Criteria: Minimum monthly income should be sufficient to service the EMI after all other deductions.
  • Guarantor: One Surety/Guarantor with adequate income or net worth is typically required for the unsecured/standard variant, on a case-to-case basis.

  1. KYC: PAN Card, Aadhaar Card or any one of Officially Valid Documents, and latest photograph.
  2. Income Proof: Salaried: Last 3 months' salary slips and Form 16.
    ā—¦ Self-Employed: Last 2 years' ITR and Financial Statements.
  3. Bank Statements: Last 6 months' operative account statement.
  4. Purchase Proof: Proforma Invoice or Quotation from the dealer for the durables to be purchased.

  • What items can I buy with this loan?
    You can purchase any consumer durable, including T.V.s, Refrigerators, Air Conditioners, Laptops, and Furniture.
  • Can I repay the loan before 36 months?
    Yes, you can choose a shorter tenure or make prepayments to close the loan early.

Service Charges, Margin & Rate of Interest :
- As Applicable from time to time