How to Buy Phone On Debit Card EMI

Buying your favorite mobile phone become much easier now with debit card EMI. If you are wondering how to buy phone on debit card EMI, read on.

Mobile Phone On Debit Card EMI

We have all put off buying our favorite electronics such as mobile phones because there weren’t enough funds in our bank accounts. Credit cards could help us out but getting a credit card is too much of a hassle and a loan just for a mobile phone is not ideal. 

Debit card EMIs have put an end to this by offering us a new way to shop. 

Debit card EMI can be availed at all online shopping portals and here is how you can make the most of it.

How Can I Buy Mobile On EMI With Debit Card?

You can buy a mobile using the EMI option on your debit card by following these simple steps.

Note: Some banks ask for KYC to approve your EMI on the debit card. Be aware of all the factors before you opt for debit card EMI 

How Does Buying A Mobile Phone On Debit Card EMI Work?

Before choosing EMI on a debit card, you ought to check your eligibility with the bank. If eligible, the bank will extend an overdraft facility to pay for the purchase. This amount will be deducted from your bank account in the form of an EMI for the tenure of your preference.

The debit card EMI option is only available with debit cards from major banks, namely, HDFC, SBI, Axis, ICICI, Federal, and Kotak Mahindra.

However, it is mandatory to spend a minimum amount to avail the EMI option and this varies from one bank to another.

How to Check Eligibility to Buy Phone on Debit Card EMI?

The banks offering debit card EMI options have made it easy for customers to check their eligibility to buy mobile phone on debit card EMI.

Name Of The Bank 

Eligibility Check process


SMS MYHDFC to 5676712 from your registered mobile number with bank


SMS DCEMI<SPACE><last 4 digits of debit card number> to 5676766

Axis Bank

SMS DCEMI<SPACE><last 4 digits of debit card number> to 56161600

Kotak Mahindra Bank

SMS DCEMI<SPACE><last 4 digits of debit card number> to 5676788


Debit card EMI has made it possible for us to fulfill our dreams without worrying about the finances. 

A simple process and the absence of a credit check have made this option a favorite among modern shoppers. You can now easily buy a mobile phone of your choice in just a few steps as a result of debit card EMI. 

However, check your eligibility before opting for a debit card EMI option and choose an EMI tenure that works with your finances. 

Buy A Phone on Debit Card EMI - FAQs

Before choosing the EMI option on a debit card, you must check your eligibility with your bank. In case you are not eligible, you will not be able to pay through debit card EMI. Moreover, to avail of the option, you need to make a purchase of a minimum amount as specified by the bank. 

Your bank account will not be charged when you use the debit card EMI option. Your bank has pre-approved an overdraft facility that will be used for this payment, and you must pay monthly installments to your bank in accordance with the EMI option you chose.

Yes. Since the bank is offering a loan in the form of an overdraft facility, you will be charged interest on the amount. 

The interest amount you pay to the bank will be offered as a discount on your purchase. 

If your product is eligible for a return, you have 30 days to cancel the order or return it. The bank will cancel your EMI payment. It is important to keep in mind that your bank may charge foreclosure or cancellation fees.


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