Personal Loan
A personal loan helps you cover eligible personal expenses without collateral, subject to lender terms.
Read MoreApply for a shopping loan to manage eligible purchases with a loan amount of up to ₹1 Lakh, subject to eligibility and applicable lender terms.
A shopping loan is a type of personal loan that helps you to cover the purchase costs of eligible items and pay in monthly installments instead of all at once. You can purchase eligible items like phones, laptops, smart TVs, refrigerators, ACs, and other eligible household and lifestyle items. Depending on your eligibility, you may apply for a maximum shopping loan amount of 1 lakh through Daytoday loan. The applicable interest rate, processing fees, repayment tenure, and other charges will depend on the lender and on the basis of your profile.
Get a shopping loan amount of up to ₹1 Lakh, based on eligibility.
No asset required as security for an unsecured loan.
You can use the funds for different shopping needs.
Choose a repayment tenure according to your budget.
Complete and track your application online.
A shopping loan can help you buy appliances, electronics, and other everyday products without putting pressure on your budget at once.
Shopping for a new phone but don't want to pay the full amount at once? A smartphone loan helps you to pay off the total amount over a period, according to your budget.
Looking for a laptop for work, college, or just for personal use? A laptop loan helps you to make a purchase right now.
Planning to get a new set of TV and home entertainment? You can take advantage of a smart TV loan and enjoy watching your TV now.
Whether you are buying your first fridge or simply replacing an old one, a shopping loan can help to cover the cost.
Beat the heat without draining your savings. Get your AC financed and pay the amount back in easy installments.
You can also use a shopping loan for furniture, gadgets, and other lifestyle products again based on your specific lender rules.
A shopping loan through Daytoday Loan required the following eligibility criteria factors:
Between 21 and 65 years
Minimum ₹40,000 per month
650 or above
Indian citizen
Salaried and government employee
Basic documents required for a shopping loan are:
Valid PAN card for verification
For identity and address verification
Recent salary slips
Valid government-issued ID
Employment verification documents
Shopping bill, maybe required
Rate and charge, which are applicable on a shopping loan, are:
| Component | Details |
|---|---|
| Minimum Loan Amount | ₹5,000 |
| Maximum Loan Amount | ₹1,00,000 |
| Repayment Tenure | 90 to 365 Days |
| Processing Fee | 2% - 10% of loan amount + 18% GST |
| Interest rate (reducing balance) | 12% to 29% per annum |
| APR | Maximum APR: 15% - 34% per annum |
| Penal Charges | [X]% per annum on overdue amount |
| Cheque / ECS bounce charges | ₹1,000 + GST per bounce |
| Pre-closure Charges | No pre-closure charges |
| Prepayment Charges | No prepayment charges |
*Rates and charges are subject to lender terms, eligibility, and the final loan agreement.
Follow these simple steps to apply for a shopping loan through Daytoday Loan.
A simple, transparent and convenient digital application experience for your financial needs.
No need to visit a branch. Apply from the comfort of your home using your mobile.
Just need to upload the minimal documents for the KYC and verification.
Just enter a few details, submit your documents, and you're ready to go.
Everything, like interest rates, fees, and charges, is clearly stated; no hidden fees.
Get 24/7 support throughout the whole process of the application.
Check your application status and manage your loan digitally anytime from anywhere.
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Manage unexpected eligible expenses, including urgent repairs, medical needs, and other financial requirements.
Read MoreFind answers to common questions about shopping loan eligibility, loan amounts, documents, and the online application process.
Our team is here to help with your loan-related questions.
Instead of paying the full amount at once, a shopping loan lets you spread the cost of your purchase, like a smartphone, laptop, TV, or appliance, over a period of time, based on your eligibility.
You can apply for up to ₹1 Lakh, depending on your eligibility, financial profile, and the verification process.
Yes, in most cases you won't need to pledge any asset as security. It's an unsecured loan, but approval still depends on the lender's assessment.
You'll usually need your PAN card, Aadhaar card , address proof, income proof, and bank statements. The lender might ask for a few more documents during verification.
Just fill out the online application, submit your details and documents, complete verification, and review the loan terms before you accept the offer.
We have no mobile application. We offer loans only through our website, so be careful of any loan app using our name or logo. Report it to us at once.