Consumer durable loans are for purchasing household appliances and electronics. They are provided to individuals over 18 years of age who have sufficient income to repay monthly installments over 12 to 36 months. While unsecured, some equipment may be hypothecated as collateral. Interest rates vary between banks, with nationalized banks typically charging less than other banks. The loans can range from Rs. 5,000 to Rs. 100,000 with 90% of the purchase value advanced.