A Furniture Loan is a type of consumer or personal credit provided by a bank to help individuals purchase household or office furniture and interior fittings. It allows customers to buy items like sofas, dining sets, beds, or modular kitchens immediately and pay for them over time through fixed installments. Depending on the bank's policy, it can be a secured or unsecured loan.
Key Features:
- Available for Office / Home furniture.
- Easy loans upto Rs.25 Lacs.
- Rate of Interest is 10%
- Repayment Period 60 months.
- 100% Collateral Security.
