Buy Mobile on EMI Without Credit Card

Who wouldn’t want to buy a smart phone that suits their style? The latest range of mobile phones comes with an endless list of amazing features that all seem so attractive and tempting. Is your dream held back by the lack of a credit card? Well, hold on to your dream - did you know that you can purchase your dream phone without a credit card?

How many times have you wished that had a credit card, so that you could buy things and pay it off in easy EMIs - only to realize the fact that you are not eligible for one? Don’t worry, here are some of the ways to get your dream—and pricey—mobile phone on EMI without a credit card!

EMI Cards:

Bajaj Finserv’s EMI Card is one option to buy your dream phone. An EMI Card is essentially a pre-approved loan which converts various purchases into easy EMIs. You can additionally choose your tenure and the amount you want to pay as EMIs. If you want to pay off your purchase earlier, there will be no penalty on foreclosure.

Consumer durable loans:

There are many finance companies like Bajaj Finserv, Tata Capital, CapFirst, and Home Credit that offer consumer durable loans, which you could use to buy your mobile phone on EMIs. You can shop for your favorite mobile phone at one of the partner outlets and apply for the loan at the bill counter or apply for it online on their website. Documentation is minimal. If your documents are found to be in order, you will be approved, and you can walk out with your dream mobile in your pocket the very same day!

Lending technology platforms:

With new advances in financial technology every day, you can now buy mobiles, laptops, jewelry, furniture and more with the help of online lenders, using just your existing debit card! You can take advantage of various online lending platforms that let you shop using your debit card and convert it into easy EMIs. Thanks to platforms like ZestMoney, Finomena, and FastBanking (now Kissht), you can shop with your debit card and have your purchase converted into easy EMIs. Approval is fast and documentation required is minimal.

EMI on your existing debit card:

Banks like Axis, HDFC and ICICI Bank lets their customers buy mobile phones and other gadgets on EMI using their debit card! If you are a customer of any of these banks, you can simply buy your mobile phone by visiting the partner outlet where this offer is available. You can check with the bank’s website for details on partner outlets and eligibility. Keep in mind that you will need the requisite balance in your savings account for the transaction to be approved.

So, there you go! Easy EMI repayments without a credit card! Go ahead and grab your dream phone now using any one of the options you read about above! Happy shopping!