Don’t have a credit card but want to buy a new Samsung mobile on EMI? No problem. There are ways in which you don’t have to pay the entire amount of the phone upfront and also not have to use a credit card to buy the Samsung device of your dreams. You can bring home your favourite device without burning a hole in your pocket by using debit card EMIs or through the Bajaj finserv card. 

Options to Buy Samsung Mobiles Without Credit Card 

  • Debit Card: Many banks let you pay for Samsung phones in monthly instalments using your debit card.  

  • Bajaj Finserv: Bajaj Finserv has a special card that lets you buy Samsung phones on EMI. You have flexibility in choosing your monthly payment. 

  • Digital Wallets: Apps like Paytm, PhonePe, and Google Pay often have EMI options for Samsung phones. You can acquire a phone immediately and pay for it later. 

  • Online Stores: Websites like Amazon, Flipkart, and Tata Cliq usually offer EMI plans for Samsung phones. You can choose a financing option when you make the purchase. 

  • Samsung Financing: Samsung itself may offer ways to pay for phones in instalments. Check their website for details. 

Eligibility to Buy Samsung Mobiles Without Credit Card 

To buy a Samsung phone with EMI, no credit card needed, you usually need to: 

  • Be an Indian: You have to be based in the country. 

  • Be an adult: You should be at least 18 years old. 

  • Have a job: You need a steady income to show you can pay back the loan. 

  • Provide ID: You'll need proof of who you are and where you live (like an Aadhaar card or passport). 

  • Have a good credit history: If you have a history of paying loans on time, it's better. 

Remember: These are general rules. The exact requirements might be different depending on the company you borrow from and how much you want to borrow. It's always best to check with the lender directly to see if you qualify before applying for a loan. 

Advantages of Buying Samsung Mobiles Without Credit Card 

Buying a Samsung phone with EMI, no credit card needed, has some good things: 

  • No credit card: You don't need a credit card. 

  • Flexible payments: You can spread the payment into multiple EMIs over a period of time. 

  • Easy application: The loan application process is usually uncomplicated. 

  • Quick approval: You might get approved quickly. 

  • No down payment: You might not need to pay money upfront. 

  • Build credit: Paying your loan on time can help your credit score. 

Steps on How to Buy Samsung Mobiles on EMI Without Credit Card 

  • Pick your phone: First, decide which Samsung model you want. Look for deals and discounts! 

  • Choose a financing company: Multiple companies, including HDB Financial Services, provide accessible EMI options for customers who don't possess credit cards. Sign up and complete any verification steps they require. 

  • Fill out the application: Provide your personal information, phone number, and address. You might need digital copies of ID, proof of address, and maybe a bank statement (check with the company). 

  • See if you qualify: The company will check your finances to see if you can get a loan. They'll let you know how much you can borrow. 

  • Pick your payment plan: Choose how long you want to spread out your payments (usually 3 to 24 months). Pick a payment plan that works for your finances. 

  • Shop online: Now that you have a spending limit, visit a partner store of the financing company. Choose your Samsung phone and select the financing option at checkout. 

  • Finalise your purchase: Enter any additional information needed and complete the order. Your EMI payments will typically start next month, according to the company's terms. 

Frequently Asked Questions 

1. Is it possible to purchase a Samsung mobile on EMI without a credit card if my credit history is poor? 

While some lenders may be more lenient, having a bad credit history can reduce your chances of approval for an EMI loan. However, it's worth checking with different lenders, as some may have programs for individuals with less-than-perfect credit. 

2. Which documents do I need to provide to apply for an EMI loan for a Samsung mobile? 

Typically, you'll need to provide proof of identity (like an Aadhaar card or passport), proof of address, and proof of income (like salary slips or bank statements). The specific requirements may vary depending on the lender. 

3. Is there a minimum down payment required when buying a Samsung mobile on EMI without a credit card? 

Many lenders offer EMI plans without requiring a down payment, but some may have minimum purchase amounts. It's best to check with the specific lender you're interested in. 

4. Can I prepay the remaining balance of my EMI loan for a Samsung mobile? 

Most lenders allow you to prepay your loan, but there may be a prepayment penalty. Review the specifics of your loan agreement for details. 

5. How long does it typically take to get approval for an EMI loan for a Samsung mobile? 

The approval process can vary depending on the lender and the amount of documentation required. Normally, you'll hear back about your loan application within a few days. 

6. Are there any hidden charges or fees associated with buying a Samsung mobile on EMI without a credit card? 

Some lenders may charge processing fees, interest rates, or other charges. It's important to read the terms and conditions of your loan agreement carefully to understand all the costs involved. 

7. Can I purchase a Samsung mobile on EMI without a credit card if I am a student? 

Many lenders require a steady source of income to approve an EMI loan. However, some may have special programs for students, such as loans co-signed by a parent or guardian.