Buying a new smartphone, laptop, tablet, or smartwatch has become almost a necessity today. From work laptops to phones and smart TVs, gadgets are everyday needs, not luxuries.
But when a new device suddenly becomes important, and your budget is tight, waiting for the next salary cycle isn’t always possible. That’s where gadget loans come in.
With 24hrLoan, you can get quick financing to buy your favorite gadgets without paying the full amount upfront. Whether you’re planning to upgrade your smartphone or purchase a laptop for online classes or office work, you can instantly get a personal loan starting from ₹10,000 to ₹5 lakh based on your income.
What is a Gadget Loan?
A gadget loan is a small personal loan designed specifically to help you purchase electronic devices such as:
- Smartphones
- Laptops & MacBooks
- Tablets / iPads
- Smartwatches
- Smart TVs
- Gaming consoles
- Headphones & accessories
- Home appliances
- Cameras and lenses
Instead of waiting, you can use a quick loan to buy the gadget immediately and repay in easy monthly EMIs.
Gadget Loans Quick Recap
| Feature | Details |
|---|---|
| Loan Amount | ₹10,000 – ₹5,00,000 |
| Interest Rate | 16% – 30% p.a. |
| Minimum Salary | ₹12,000 per month |
| Approval Time | Within 2–24 hours |
| Loan Tenure | 3 to 36 months |
| Documents Needed | Aadhaar, PAN, Bank Statement, Salary Slip |
Benefits of Choosing Gadgets Loans from 24hrLoan
Multiple Lender Options
We work with several banks and NBFCs, providing you with access to the best interest rates and approval opportunities.
Low Salary Eligibility
Even if you earn ₹12,000 per month, you can apply for a gadget loan.
Instant Approval, Same-Day Disbursal
Most borrowers receive approval within minutes, and money is credited within hours.
Zero Collateral Needed
All loans are unsecured, so no security, guarantor, or property pledge is required.
Flexible Loan Amount
Borrow from ₹10,000 to ₹5,00,000, depending on the gadget you want to buy.
100% Online Process
Apply, upload documents, and receive money — no branch visits.
EMI Options That Fit Your Budget
Choose EMIs from 3 to 60 months, depending on your repayment comfort.
Who Should Take a Gadget Loan?
A gadget loan is perfect for:
- Students needing laptops for studies
- Working professionals upgrading their smartphones
- Freelancers requiring cameras or editing devices
- Small business owners renovating with smart appliances
- Tech lovers wanting the latest gadgets
- Families purchasing appliances for the home
If the purchase is essential and you prefer paying in small EMIs instead of a full cash payment, gadget loans are ideal.
Also Read: Unity Bank Joins with BharatPe to Roll Out India’s First EMI Credit Card
What Can You Buy with a Gadget Loan?
You can use the loan for any electronic item, including:
📱 Smartphones & iPhones
Perfect for buying:
- Apple iPhone
- Samsung Galaxy
- OnePlus
- Vivo / Oppo
- Realme / Xiaomi
💻 Laptops & Tablets
For work, gaming, or online classes:
- MacBook Air / Pro
- Dell / HP / Lenovo
- iPad / Samsung Tab
⌚ Smartwatches & Accessories
- Apple Watch
- Samsung Watch
- Noise / Boat gadgets
📺 Smart TVs
- LED, OLED, and QLED TVs from Sony, LG, Samsung, Xiaomi, and others.
🎮 Gaming Consoles
- PlayStation
- Xbox
- Nintendo Switch
🎥 Cameras & Photography Gear
- DSLR / Mirrorless cameras
- Professional lenses
- Lighting equipment
🏠 Home Smart Appliances
- AC, fridge, washing machine
- Smart speakers
- Robot vacuums
- Inverters
If it’s a gadget or electronic product, the loan covers it.
Why Not Use a Credit Card Instead?
While credit cards are useful, they often come with:
- High interest rates (up to 36–42% p.a.)
- Limited credit limit
- Additional fees
- High minimum payments
In comparison, a gadget loan from 24hrLoan offers:
- Lower interest (16–22% for most applicants)
- Higher loan amount
- Longer EMI options
- A more affordable repayment plan
Best Lender Offering Personal Loan to Buy Gadget
| Lenders | Interest Rate (p.a.) | Salary Per Month | |
| WeRize | 16% to 18% p.a. | Rs. 12,000 | Apply Now |
| MoneyView | 1.33% per month | Rs. 13,500 | Apply Now |
| InCred | 11.49% to 18% p.a. | Rs. 15,000 | Apply Now |
| Fibe | 24% to 30% p.a. | Rs. 18,000 | Apply Now |
| Prefr | 18% to 36% p.a. | Rs. 18,000 | Apply Now |
| Finnable | 16% to 22% p.a. | Rs. 15,000 | Apply Now |
| IDFC | 12.50% to 18% p.a. | Rs. 15,000 | Apply Now |
| PaySense | 1.4% to 2.3% per month | Rs. 18,000 | Apply Now |
| Upward | 9% to 32% p.a. | Rs. 18,000 | Apply Now |
| mPokket | 1% to 6% per month | Rs. 9,000 | Apply Now |
Eligibility Criteria
To qualify for a gadget loan, you must:
- Be 21–55 years old
- Have a monthly income of ₹12,000 or more
- Have Aadhaar + PAN + Salary Slip
- Have at least 12 month’s salary deposit statement
- Preferably have a 700+ CIBIL score
Even new-to-credit applicants can apply.
Documents Required
You only need:
- Aadhaar Card
- PAN Card
- Last 12 months’ bank statement
- Latest salary slip
All verification is done digitally.
How to Apply for a Gadget Loan via 24hrLoan
Step 1: Fill out the online form with basic details
Step 2: Upload Aadhaar, PAN, and bank statement
Step 3: Compare loan options from multiple lenders
Step 4: Choose the best interest rate and tenure
Step 5: Get approval and receive the loan amount instantly
Use the amount to buy your gadget from Amazon, Flipkart, Croma, Reliance Digital, or any local store.
Also Read: South Indian Bank Personal Loan: Online Apply
Conclusion
Gadgets have become essential for work, communication, learning, and daily convenience. With 24hrLoan, you can buy any gadget you want today and repay comfortably in EMIs.
Whether it’s a new phone, a laptop for work, or a smart appliance for your home, gadget loans make upgrading your lifestyle easier and more affordable.