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Loan Products > Consumer Electronics

Bring Everyday Essentials Within Reach

Consumer electronics and household appliances can make daily life more connected, comfortable and convenient. MHPL provides financing for eligible consumer electronics, helping you access the devices and appliances your home, work or everyday routine needs. From mobile phones and laptops to televisions, refrigerators and other household appliances, the right purchase can support the way you live and work. Our financing helps you spread the cost through manageable instalments, subject to assessment and applicable terms.

Loan at a glance

30%

Minimum Down Payment

50%

Maximum Down Payment

0% - 10.99%

Starting Rate

6,9,12 Months

Max Tenure

Brands

iPhone
Xiaomi
Redmi
Vivo
Acer

Interest Rates

The more you put down, the less you pay in interest

New Consumer Electronics Rates
SEGMENT DOWN PAYMENT INTEREST RATE TENURE
Xiaomi, Vivo, Infinix 40% 0 % 6,9,12 Months
Iphone 40% 10.99% 12 Months
Laptops 30% - 40% 0% 9 & 12 Months

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Max: 11%

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DOCUMENTS REQUIRED FOR ANDROID MOBILE AND LAPTOP

Citizenship of Applicant & Guarantor
Eligible age: 18 to 65 years.

GENERAL SPECIFICATIONS REQUIRED FOR IPHONE

Citizenship of Applicant & Guarantor
Eligible age: 20 to 60 years. (Guarantor must be above 25 years)
Proof of Income Document / for business income- Business related document
A minimum of three - six months of bank statements.

*Note: Required documents may vary depending on the nature of the business/ income. The above are the basic required documents.

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