Personal Loan for Durable Goods

Unlike usual loans, personal loans are designed for people who want to fund some big expenses. Such loans always have lower interest rates, and may spare a lot of money for the loan debtor. Personal loans are usually taken to buy expensive items, which will last for a long time; they are called durable consumer goods. So what are the 10 most popular durable products?



It is obvious that personal transport is way more convenient than public buses or subways. But vehicles are rather expensive, so people usually take personal loans for them. It may be a car, or a motorcycle, or even a boat if you live somewhere near the sea.


When people move to another place they often purchase additional durables for their new home. These may be furniture or different types of houseware. Desks, tables, sofas, and similar items fall under the category of durable goods.

Electric Appliances

This is a subcategory connected to the previous one. Most people need durable goods, like fridges, ovens, phones etc, when they move to a new place, so you may take personal loan to acquire the needed products.

Farming and Gardening

Everything that concerns harvesting, planting, soil cultivation is actually quite expensive. The most commonly bought farming equipment includes, but not limited to:


       Dragged teeth


       Grain carts


If one wants to develop farming business, proper assets need to be acquired, and here, personal loan is a handy option.



Industrial niche is very profitable, yet very expensive to organize. Most businessmen take personal loans if they want to establish a plant or any other manufacturing type of business. Any plant machines, tools and machine parts are also considered durable goods.

Medical Equipment

Pharmaceutical business will always remain profitable for its owners. If you plan to produce and sell medication, the equipment for its production is actually expensive, so it’s a good idea to use a personal loan for start.

Surgical operating room with equipment


All of the office related items are also considered to be durables. Personal computers, coffee machines, furniture, TVs, everything is in fact expensive, so you may take a personal loan and organize a great working space for your company.



Everything related to construction sites, like machines and materials, is considered to be durable goods. Brick, stone, plumber, machines for construction and more. Often even successful companies take loans to cover up the expenses for the construction sites.


Sporting and Recreation Goods

It’s a good idea to take a personal loan if you are a new entrepreneur who’s willing to open ф gym. Gym equipment is actually very expensive, yet eventually you’ll cover up the expenses, for this business sphere is always profitable. Personal loan can be taken also for buying sporting goods for private use.

Jewelry and Precious Stones

No need to confine yourself if you dream of those vivid shiny diamonds from the jewelry store. Precious stones are also considered durable goods, so use the opportunity and take up an easy term personal loan.


All in all, personal loan is a good choice if you’re planning to buy one of the listed products for your needs. These products are the most popular, yet your own list may be much longer.

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