Consumer Durable Loan Related Customer Service FAQs

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What is a Consumer Durable Loan?

A Consumer Durable Loan is an option given to customers to purchase durable items. Here’s a list of some of the many durable items you can purchase:

Digital Products such as Mobile phones, cameras, tablets, DSLRs, audio devices, laptops, Smart watches, etc.
Household products such as fridges, washing machines, microwaves, kitchen appliances, Water heater, etc.
Lifestyle products such as furniture, Modular kitchen, Camera lenses, tyres, Health & beauty packages, supermarket purchases, recliners, etc.

Why should I take a Consumer Durable Loan?

A Consumer Durable Loan makes the purchase of your desired durable product easy. In case you are buying more than one item or an expensive product, it removes the immediate financial burden. You do not have to wait for a long time to save money to buy your desired product. Furthermore, you can avail a No-Cost EMI on many of the products offered as this makes your purchase even more affordable.

How can I avail an Metra Trust Consumer Durable Loan?

You can avail an Metra Trust consumer durable loan by clicking on Apply Now <Website> or through Metra Trust App <App Shortlink> which can be downloaded from either Google Play or the Apple App Store. Simply get an approval online and then walk into the store and purchase the product of your choice like AC on EMI, camera on EMI, mobile on EMI, tablets on EMI or TV on EMI.

Who can apply for an Metra Trust Consumer Durable Loan?

Salaried as well as self-employed individuals can Apply for a Consumer Durable Loan. Your age should be between 21 years and 60 years for salaried individuals, and between 21 and 65 years for self-employed individuals. Click to apply for consumer durable loan through our website or through our Metra Trust app.

Where can I view my consumer durable loan details?

You can view your loan details on the Metra Trust app

What is the maximum amount I can take through a Consumer Durable Loan?

You can take consumer durable loan up to ₹8 Lakh

Are there any benefits of taking a consumer durable loan from Metra Trust?

There are a number of benefits of taking a consumer durable loan from Metra Trust, some of which are:

Quick and Easy Application: Simply apply for your consumer durable loan on our website or mobile app.
Quick approvals: We will provide you with an approval online in a matter of minutes.
Easy processing: Simply walk into your product dealer’s shop, pick up the product post approval and submit documents needed to our representative present there.
Flexibility: We offer loans ranging from Rs. 8,000 to Rs. 8 lakh with a maximum tenure of 24 months.
Zero Interest: Our consumer durable loans are interest free.
No security deposit: No security deposit is required to avail a consumer durable loan from Metra Trust

Can I cancel my application after my consumer durable loan has been approved?

Yes, you can cancel your application after your consumer durable loan has been approved. However, we would deeply regret the loss of your patronage. Please visit the dealership where you have applied for the loan and raise a request for loan cancellation.

Do I need a co-applicant to apply for Consumer Durable Loan?

No, a co-applicant is not required to apply for Consumer Durable Loan.