Mobile Phone Loan
A mobile phone is your gateway to the world, be it for entertainment, for shopping, for payments, for learning or for just being in touch. The technology involving mobile phones changes rapidly and newer models with better features are launched quite frequently. Whether you admit it or not, who doesn’t like to own the latest model in the market?
Loan for Purchase of Mobile Phones or Smart Phones
These days mobile phones cost a tidy sum, often may be equal to a few months of your income as well. In those cases, it may be difficult to own the latest smartphone without upsetting your monthly budget or saving up for a few months. But by the time you save up, the model that you intended to purchase could be old.
Due to these reasons, a quick personal loan works well as a source of funding for the purchase of a mobile phone.
Eligibility Criteria for a Smartphone Loan
Money View personal loans for smartphones come with easy to understand and straightforward criteria. It enables applicants to make the initial decision to apply for a loan.
The detailed eligibility criteria for a mobile phone loan from Money View are:
|Income and credit score eligibility|
|Minimum In-Hand Income||Area of Residence||CIBIL Credit Score Requirement|
|Salaried Individuals||Rs 20000||Any||1-299 or New to Credit|
|Rs 20000||Mumbai/Thane or the NCR region (Delhi, Noida, Gurgaon, Ghaziabad, Faridabad, etc.)||CIBIL Score of 650 /Experian Score of 750 and above|
|Rs 15000||Metro City other than Mumbai and NCR||675 or above|
|Rs 13500||Any||CIBIL Score of 650 /Experian Score of 750 and above|
|Self Employed Individuals||Rs 25000||Any||CIBIL Score of 650 /Experian Score of 750 and above|