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  3. Consumer Durable Finance Loans

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.

Interest Rates – Q2 – 2024-25

Product Minimum Weighted average interest rate* Maximum
Consumer Durable Finance 22.15% 22.23% 22.25%

* Weighted average interest rate is calculated based on the disbursements done in Q2- FY 2025

Note: Interest rates offered may differ from BC to BC.

Annualized Percentage Rate (APR) – Q2 – 2024-25

Product Minimum Maximum
Consumer Durable Finance
 26.20% 30.76%

Current Interest Rates

Product Minimum Maximum
CDF 22.15% 22.25%

*Interest rate may differ from BC to BC and basis customer category

Fees & Charges

Processing Fee - 1% of loan amount plus applicable taxes.

Credit Shield Insurance to be charged at actuals and to be paid by the customer if opted. Borrower has choice to opt for

  • Availing Insurance offered by Bank through its tie-up or
  • To assign his/her existing insurance policy to the satisfaction of IndusInd Bank. 

Pre-Closure Charges – NA

Penal Charges – NA

Note : Charges may differ from BC to BC.

Eligibility

  • Individuals (18-61 years).
  • Existing Micro finance customers
  • Have Officially Valid Documents as KYC.
  • Residing within the operational area of Bank though BC.
  • Down Payment as applicable to the product.

*Customer final loan eligibility will be determined by the banks loan eligibility criteria set for the specific product.

FD Rate FD Rate
FD Rate
Regular Fixed Deposit

up to 7.99% interest p.a

Senior Citizen

up to 8.49% interest p.a

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