Buy a Mobile on EMI with an HDFC Debit Card

Itching to buy that new mobile phone but find its price too steep? Do not have a credit card to buy it in easy EMIs? Find your loan rejected because of income or other issues?

Well, you are not alone. Millions of people are clamoring to buy that one phone their heart desires, but are not able to due to lack of a credit card that will allow them to buy it in easy EMIs. Are you one of those who is tempted to apply for a credit card just so that you could buy your dream phone?

Hold on to your horses before you apply for that credit card! How about making that big mobile purchase in easy EMIs using your debit card instead? Yes, it is possible to make your mobile phone purchase in EMIs using your HDFC debit card. Surprised? Read on to know how.

Avail easy EMI offer using your HDFC Debit Card

Debit Card holders, rejoice! It is now possible to make your favorite mobile phone purchase in EMIs of 6 months, 9 months and 12 months using your debit card. All you need to do is shop for your mobile at the partner store and inform the store staff that the swipe needs to be on HDFC Bank 'Debit EMI' option. This work basically like a loan against your debit card, where finance charges would apply on a reducing balance basis.

As of now, there are a few specific partner outlets like Sangeetha Mobiles, Sargam Electronics, and Vasanth & Co through which you can avail of this offer of EMIs on HDFC Debit Cards.

Features and benefits:

• Zero documentation

• 100% financing

• Instant loan processing

• Zero processing fee

Disadvantages:

• Easy EMI Finance Charges apply. As of now, the rates are 15% per annum for 6, 9 and 12 months tenure. This can prove to be a bit on the higher side.

• Only select pre-approved HDFC Debit card holders / customers are eligible to avail this offer. In order to know if you are eligible / approved for this offer, you can contact the bank directly.

Weigh the pros and cons before making the EMI purchase using your debit card. The finance charges are lower when compared to racking up a huge outstanding on your credit card.

So go ahead - make your choice, and get your phone today!