Laptop Loan Interest Rate and Eligibility

Rate of Interest Varies from 13% to 24.03% pa
Minimum Age 23 or above
Minimum Salary Required ₹ 15,000
Loan Amount Starting from ₹ 3000 to ₹ 5 lakh
Annual Fee ₹ 499 plus GST

MoneyTap’s Features and Benefits:

Get instant approval for your line of credit of up to ₹ 5 Lakh

Withdraw only as much as you need – it could be as little as ₹ 3,000 or as high as your approved limit

Pay interest only on the amount you use

Use MoneyTap’s credit card to withdraw 100% cash and get rewards every time you use your card to shop

Repay your spends in flexible EMIs while choosing a convenient payment period - 2 to 36 months!

The only documents you need are your identity proof and address proof to start with


  1. Must be a full-time salaried employee with a take-home salary of ₹ 20,000/month
    Must be a self-employed professional with an income of at least ₹ 20,000/month

    (Only certain professionals like doctors, lawyers, or business owners qualify)

  2. Must be above 23 years and below 55 years of age
  3. Must be a resident of one of the following cities:

    Ahmedabad, Anand, Bangalore, Chennai, Chandigarh, Coimbatore, Delhi, Gandhinagar, Hyderabad, Indore, Jaipur, Mumbai, Mohali, NCR, Panchkula, Pune, Rajkot, Secunderabad, Surat, Vadodara, Vijayawada, Vizag

Laptop Loan Related Pages

Reasons You Are Here:

  • Need to update your old laptop
  • Want a laptop you can’t afford
  • Your work requires a high-end laptop
  • Don’t have enough liquid cash to buy your laptop
  • Need to instantly replace your old laptop
  • Laptop malfunctioned when out of warranty

Why Purchase Your Laptop with a Personal Loan:

  • Using a personal loan to purchase your laptop gives you the freedom to buy the laptop you want without having to wait till you save up.
  • Laptops are a big-ticket item and also require a significant investment which can impact your financial liquidity. This is where a personal laptop loan can help.
  • There are a variety of brands and configurations to choose from, use a personal loan so you don’t miss out on the right combination due to lack of necessary funds.
  • Using a personal loan to purchase a laptop allows you to stay within your monthly budget by paying premiums/EMIs rather than a lump sum.

Financing Tips When Purchasing Laptop:

  • Do your research and check both online and offline electronic outlets to narrow down on the best deal.
  • Set a budget for yourself and plan it as per your regular income so you can easily meet your EMI payments.
  • Remember that technology is rapidly evolving, so be sure to invest in new age technology as opposed to buying an older model simply because of the price difference.
  • You also need to determine what kind of laptop you're getting and when you plan to upgrade it as that will require you to plan your finances accordingly.

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With MoneyTap’s line of credit you will have money available instantly 24x7 to use anytime, anywhere. Click below to experience its power.

Different Ways to Use MoneyTap Personal Loan 2.0

Laptop Loan FAQs

You want to get a loan for a laptop in the form of a consumer durable loan or a personal loan. Another option is to get MoneyTap's personal loan with a line of credit as a loan for a laptop.

Yes. Online lending platforms and e-commerce sites often allow you to purchase a laptop using your debit card. All you have to do is choose the option “convert into EMIs” for easy and affordable payments.

Buying a laptop from a physical store with an initial down payment is also an option. The remaining amount can be paid by EMIs with your debit card after a quick approval process and a credit score check.

EMI cards, debit cards, and laptop loans or personal loans are options if you want to buy a laptop on EMI without a credit card.

Also, there are several online shopping platforms and offline stores with a tie-up with financial institutes, from where you can buy a laptop on EMI without a credit card. You can make a payment through them, later converting into easy EMIs.

Depending on your preference and situation, the following are good options for laptop loans for students:

  1. MoneyTap's personal laptop loan
  2. EMI cards
  3. Debit cards with EMI payments
  4. Consumer durable loans

Yes, MoneyTap offers an instant personal line of credit that can be used as a laptop loan without the hassles of documentation with a quick and easy approval process.

With this personal loan from MoneyTap, you can buy the laptop of your choice and use the extra money to make other purchases as and where required.

The interest charged on laptop loans typically come at the rate of 13% - 20% in India. Depending on the applicant’s credit score, income, and the lender, the interest rates may vary. Ideally, laptop finance covers 90% of the product price for loan tenures of 3 to 36 months.

MoneyTap charges interest rates as low as 1.08%.