Consumer Durable Finance (CDF)
The Consumer Durable Finance (CDF) loans are given by Bank to its existing microfinance customers to purchase certain products like Mobile, Refrigerator, Solar light, mixer grinder etc. on finance.
Benefits
Maximum loan upto Rs.20000
Loan Tenure 6/12 months
Repayment frequencies as desired (weekly, fortnightly & Monthly)
Interest Rates – Q2 – 2025-26
| Product | Minimum | Weighted average interest rate* | Maximum |
|---|---|---|---|
| Consumer Durable Finance | 22.23% | 22.24% | 22.24% |
* Weighted average interest rate is calculated based on the disbursements done in Q2 – 2025-26
Current - Annualized Percentage Rate (APR)
| Product | Minimum | Maximum |
|---|---|---|
| Consumer Durable Finance | 27.39% | 33.32% |
Current Interest Rates
| Product | Minimum | Maximum |
|---|---|---|
| CDF | 22.15% | 22.25% |
*Interest rate may differ from BC to BC and basis customer category
Eligibility
- Individuals (18-61 years).
- Existing Micro finance customers
- Have Officially Valid Documents as KYC (Aadhaar / Driving License / voter ID /Passport / Job card issued by NREGA).
- PAN or Form 60 Mandatory.
- Applicant must provide Personal Details, Household details, Business / Activity Details, Income Details etc., as applicable for the bank to decision the case.
- Residing within the operational area of Bank though BC.
- Down Payment as applicable to the product.
- The Maximum Turn Around Time (TAT) from Loan application to Loan Decisioning is 14 days.
*Customer final loan eligibility will be determined by the bank’s loan eligibility criteria set for the specific product.