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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.
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.
You can buy a mobile using the EMI option on your debit card by following these simple steps.
Once you decide on the mobile phone you wish to purchase, click on ‘EMI Options’ in the product description
Select ‘Debit Card EMI’ and it will display all the debit cards that are eligible for EMI
Before opting for the debit card EMI option, you must check your eligibility with the bank to proceed further
If you are eligible for the debit card EMI, you will find the ‘Debit Card EMI’ option on the payment page
Add your card details before choosing your preferred EMI plan and repayment tenure suitable for your finances
You will be redirected to your bank page to complete the process
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
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.
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 |
---|---|
HDFC Bank |
SMS MYHDFC to 5676712 from your registered mobile number with bank |
ICICI 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.
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