As the country sees an ease in lockdown, things are falling back in place gradually. Businesses have commenced and working professionals have got going with their work from office schedules. All the more a reason to start prepping up for the festivals around the corner and boosting the spirits!

However, owing to the #StayHome trend that set in due to the pandemic, online shopping has seen an accelerated trend among Indian Millennials. Also, the cash liquidity concerns across households have urged millennials to purchase goods on low equated Monthly instalments i.e., low EMIs to reduce the burden on monthly budgets. 

Goods like Smartphones, laptops, kitchen appliances, latest gadgets, home improvement goods etc., are available on EMI plans online, however, the repayments offered may be rigid or unfit for the pocket. To ease shopping on EMI for consumers, digital lenders have designed personal loan offers that are tailor made for such purchases. 

Likewise, LoanTap brings you consumer durable personal loan offerings that are specially designed to cater to the purchase needs of millennials. These personal loan offerings offer various repayment plans and help you make your purchases with affordable EMI options. 

Here are 5 things you can easily buy with the help of LoanTap’s Personal loan 

While work from home has made it a prerequisite to own a laptop, best smartphones and work from home set up, the onset of the festive season brings with it the purchase of home improvement goods as well. Owing to all these needs, here are a few goods you can buy on EMI with LoanTap’s personal loan offerings – 

Furniture 
This is one of the most awaited purchases especially when we desire to refurbish our homes! You can apply for LoanTap’s Furniture Loan to fund any of your furniture purchases. Be it kitchen appliances, dining sets for your home, elegant sofa sets, comfortable recliner chairs, multi purpose wardrobes, basically any and everything that you desire! With LoanTap’s loan for furniture you can enjoy a variety of offers like EMI free (interest only payments every month and bullet payments every 3/6 months), Step Up (Interest only payment for first 3 months), Term (fixed equated monthly installments) and Overdraft (interest only on the amount you use) depending on your needs and monthly cash cycles. After you avail the loan, You can choose from your favorites  brands you like viz., Pepperfry, Godrej interio, Home centre etc. 

Mobile Phones 
Many brands like Apple, Samsung, Oppo, Xiaomi launch feature packed phones during festive season. Having a smartphone with features like good storage, stylish looks, good quality camera, dazzling displays is surely on every millennial’s checklist. To help you fuel your smartphone purchases LoanTap has designed a Loan for Mobile. With LoanTap’s Loan for Mobile you can purchase the top notch model from any brand you desire. Our Loan for Mobile offers multi repayment options like Advance salary (get upto 2.5X your salary and pay in fixed EMIs), EMI free (interest only payments every month and bullet payments every 3/6 months), Step Up (Interest only payment for first 3 months) and Term (fixed equated monthly installments). This way you can purchase the smart phone of your choice and repay in the form of affordable EMIs. 

Laptop 
You can purchase the best laptops from brands like Dell, Apple, Samsung, Sony, Acer and Lenovo. These brands offer the most competitive features like FHD screen resolution and graphic cards, latest processor, expandable RAM and SSD storage capacity. With our customized loan for Laptop you can take home the Laptop of your choice. Our Laptop Loan can be availed to cover the expenses of premium laptops, Convertible, hybrid 2 in 1 Laptops and high-end laptop accessories. Our Loan for Laptop comes with a variety of offers like EMI free (interest only payments every month and bullet payments every 3/6 months), Term (fixed equated monthly installments) and Advance salary (get upto 2.5X your salary and pay in fixed EMIs). 

Television
Whether you want to buy LED TV or LCD TV, LoanTap’s Television Loan can help you purchase the TV you always desired. Who wouldn’t want a large, clear screen definitely high definition Television to enhance their visual experiences with friends and family. Many of us are also much fond of having a theatre like experience at home! With LoanTap’s Loan for Television you can choose from a variety of brands like Samsung, LG, Sony, Panasonic and many others. You can purchase a Television on EMIs and enjoy various offers like EMI free (interest only payments every month and bullet payments every 3/6 months), Term (fixed equated monthly installments),  Step Up (Interest only payment for first 3 months) and Advance salary (get upto 2.5X your salary and pay in fixed EMIs). 

Refrigerator
A good refrigerator is not only a need but also a style statement. A well designed and a good capacity Refrigerator adds value to your kitchen space. You can buy the best model of Refrigerators from the best brands like Samsung, LG, Whirlpool, Electrolux and others. With LoanTap’s Loan for Refrigerator, you can wipe out the worry about a one time heavy expense. We offer a variety of affordable repayment options like Step Up (Interest only payment for first 3 months), Term (fixed equated monthly installments) and EMI free (interest only payments every month and bullet payments every 3/6 months) if you avail a Loan for Refrigerator. You can certainly take home the best model available in the market and repay in low installments.

We often are tempted to make these purchases by tampering with our monthly budgets or by dipping into our savings. 

However, these personal loan offerings are designed to make your purchases easy and affordable. As we offer instant approval and disbursal, you can now make these purchases without worrying about the large expenses and leave your savings untouched!

Loan for furnitureLoan for Laptoploan for mobileLoan for refrigeratorLoan for TelevisionPersonal Loan
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Satyam Kumar is banking industry veteran with enriched experience of more than 20 years. Apart from founding LoanTap and FinTech Association of Consumer Empowerment, he is an avid traveler and holds keen interest in Blogging. He has amassed profound knowledge in FinTech trends, banking, consumer trends, food and mythology which he loves sharing with others.
Satyam kumarSatyam KumarCEO & Co-Founder, LoanTap asset 8 asset 9
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