Buy Mobile Phone on EMI without Credit Card

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Why Should You Opt for Money View Personal Loans to Buy Mobile on EMI

Flexibility of Loan Amount

Depending on your eligibility you can choose any loan amount of upto Rs. 5 lakhs.

24 Hour Disbursement

Your loan amount will be credited within just 24 hours after the approval of your loan application.

No Collateral or Guarantor

There is no need for a guarantor or collateral to get a moneyview personal loan.

Affordable Interest Rates

At moneyview, the interest rate starts at just 1.33% per month.

100% Online

The entire process from application to disbursal is quick and hassle-free

Flexible Repayment Term

Our flexible loan repayment tenures range from 3 months up to 60 months.

Loans on Low Credit Score

At moneyview, you will need just a CIBIL score of 600 or an Experian score of 650.

Instant Eligibility Check

You can check your eligibility from the moneyview website or app in just 2 minutes saving your energy and time.

Mobile phones have become an integral part of our lives now. Every other day a new model is being released with great features and benefits. If you want to buy yourself a new phone but finances are a problem, here is the solution.

EMI Options to Buy a Mobile without Credit Card

Given below are certain steps you need to follow to select and avail the right loan for you -

Personal Loans

Have you considered getting a personal loan to pay for your mobile? Not only are these loans affordable, they also come with convenient repayment options to make your EMI payments easier. There are a number of lenders in the market today for you to choose from.

EMI on Debit Cards

Some of the major banks like HDFC, ICICI, and Axis Bank have started providing EMIs on their Debit cards. You just have to visit the bank’s partner outlet and check with them about this offer. You can pay the balance in easy EMIs with an installment duration of your choice.

EMI Cards

EMI card is a mechanism whereby you are given a pre-approved loan. When you buy a product it’s converted into easy EMIs. Some of the leading NBFCs dealing in consumer durable goods or electrical appliances provide this type of facility.

Our Loan Eligibility Criteria to Buy Mobile on EMI

If you have decided to avail a personal loan from moneyview to buy a mobile, you will have to fulfill the eligibility criteria given below -

You must be between 21 years and 57 years
Your income must be Rs. 13,500 or more*
The income must be credited directly to the applicants’ bank account
Credit score must be a minimum CIBIL score of 600 or minimum Experian score of 650

Income and Credit Score Eligibility Criteria*
Salaried Individuals	Minimum In-Hand Income	Area of Residence	CIBIL Credit Score Requirement
	Rs 13,500	Any	CIBIL Score of 600 /Experian Score of 650 and above
	Rs 20,000	Mumbai/Thane or the NCR region (Delhi, Noida, Gurgaon, Ghaziabad, Faridabad, etc.)	New to Credit or CIBIL Score of 600 /Experian Score of 650 and above
	Rs 15,000	Metro City other than Mumbai and NCR	CIBIL Score of 600 /Experian Score of 650 and above
Self-Employed Individuals	Rs 15,000	Any	CIBIL Score of 600 /Experian Score of 650 and above

How to Apply for An Instant Personal Loan

Check Eligibility

Provide the required details and find out if you’re eligible for a loan in just 2 minutes.

Select Loan Tenure

Choose the loan amount and repayment term of your choice based on the options provided

Upload Documents

You’ll have to upload all the relevant documents so that they can be verified.

Amount Disbursal

Post verification and submission of loan agreement, the loan amount will be credited to your account within 24 hours

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Calculate Your EMI

Use our easy EMI calculator to plan your loan's EMI, interest & repayment schedule.

CALCULATE EMI

Conclusion

In today’s age of diverse financial products and superior technological penetration, it has become much easier to buy a mobile phone on EMI without a credit card. This is in stark contrast to some years back when such an idea was unimaginable.

Given the importance of a mobile phone in our lives, getting a personal loan to pay for a mobile phone is definitely an option to consider.

[{"question":"1. What Are The Benefits Of Buying Mobile On EMI?","answer":"<p class='mv-why-us text-left'>Ans:&nbsp;Given below are some of the benefits of buying a mobile on EMI through personal loans.</p><ul class='ul-check mv-why-us text-left'><li>Flexibility in your hands</li></ul><p class='mv-why-us text-left'>The high-end mobile phone that once looked luxurious and out of reach, is today easily available by financing. Just pay a minimal down payment if required and pay the rest through EMIs.</p><ul class='ul-check mv-why-us text-left'><li>Fast approvals</li></ul><p class='mv-why-us text-left'>Certain lenders such as Money View will check and let you know your eligibility within just 2 minutes. Additionally, once your application is approved, you can avail the loan within 24 hours</p><ul class='ul-check mv-why-us text-left'><li>Minimum documents needed</li></ul><p class='mv-why-us text-left'>The financing company will just require your PAN card, address proof, and salary slip (if you are working as an employee).</p><ul class='ul-check mv-why-us text-left'><li>Nil foreclosure charges in most of the cases</li></ul><p class='mv-why-us text-left'>Most of the consumer loan financing companies don’t charge you for early foreclosures. Hence, if you have extra cash available then you can pay prematurely without incurring any penalty.</p><ul class='ul-check mv-why-us text-left'><li>Time flexibility</li></ul><p class='mv-why-us text-left'>One of the biggest benefits of buying your mobile on EMI is that you have vast flexibility options while repaying. Most of the companies provide you the option to pay in EMIs of 3, 6, 9, 12, 18 or 24 months or even more.</p><p class='mv-why-us text-left'>Given below is a city-wise breakdown of the income and credit score requirement -</p><p class='mv-why-us text-left'></p><div style='color: rgb(33, 37, 41); font-family: &quot;Open Sans&quot;; font-size: 16px; text-align: center;'></div><p class='mv-why-us text-left'></p><div style='color: rgb(33, 37, 41); font-family: &quot;Open Sans&quot;; font-size: 16px; text-align: center;'><div class='scrollTable' style='width: 730px; overflow: scroll;'><table class='table table-striped table-bordered' style='width: 713px; vertical-align: top;'><thead><tr class='noBorder'><th colspan='4' class='text-center' style='padding: 0.5rem; border-bottom-color: rgb(73, 80, 87);'>Income and Credit Score Eligibility Criteria<span style='position: relative; font-size: 12px; line-height: 0; vertical-align: baseline; top: -0.5em;'>*</th></tr></thead><tbody style='vertical-align: inherit;'><tr><td>Salaried Individuals</td><td>Minimum In-Hand Income</td><td>Area of Residence</td><td>CIBIL Credit Score Requirement</td></tr><tr><td>Rs 13,500</td><td>Any</td><td>CIBIL Score of 600 /Experian Score of 650 and above</td></tr><tr><td>Rs 20,000</td><td>Mumbai/Thane or the NCR region (Delhi, Noida, Gurgaon, Ghaziabad, Faridabad, etc.)</td><td>New to Credit or CIBIL Score of 600 /Experian Score of 650 and above</td></tr><tr><td>Rs 15,000</td><td>Metro City other than Mumbai and NCR</td><td>CIBIL Score of 600 /Experian Score of 650 and above</td></tr><tr><td>Self-Employed Individuals</td><td>Rs 15,000</td><td>Any</td><td>CIBIL Score of 600 /Experian Score of 650 and above</td></tr></tbody></table></div></div>"},{"question":"2. What Are The Documents Required For Buying A Mobile Phone From Us?","answer":"<p class='mv-why-us text-left'>Ans:&nbsp;Given below are the documents required for availing Money View personal loans-</p><div class='scrollTable mv-why-us' style='font-size: 15px; margin-top: 0px; margin-bottom: 10px; color: rgb(119, 119, 119); line-height: 1.75; width: 720px; overflow: scroll; font-family: &quot;Open Sans&quot;;'><table class='table table-striped table-bordered' style='width: 703px; color: rgb(33, 37, 41); vertical-align: top;'><thead style='background-color: rgb(232, 232, 232);'><tr><th scope='col' class='text-center' style='padding: 0.5rem; border-bottom-color: rgb(73, 80, 87);'>Identity Proof</th><th scope='col' class='text-center' style='padding: 0.5rem; border-bottom-color: rgb(73, 80, 87);'>Address Proof</th><th scope='col' class='text-center' style='padding: 0.5rem; border-bottom-color: rgb(73, 80, 87);'>Income Proof</th></tr></thead><tbody style='vertical-align: inherit;'><tr><td>PAN Card - This is the primary ID proof required. However, if it is rejected due to image quality issues or other reasons, any 1 of the officially valid documents given below will suffice)<ul class='text-left' style='padding-left: 2rem;'><li>Aadhaar Card</li><li>Valid Indian Passport</li><li>Valid Voter ID</li><li>Valid Driver’s License</li></ul></td><td>Any 1 of the following -<ul class='text-left' style='padding-left: 2rem;'><li>Aadhaar Card</li><li>Valid Indian Passport</li><li>Valid Voter ID</li><li>Valid Driver’s License</li><li>Utility Bills (Electricity, Water, Gas) dated within the last 60 days</li></ul></td><td><p class='mv-why-us text-left'><i>Salaried Applicants</i>&nbsp;- Last 3 months’ bank statements of your salary account in PDF format showing salary credits</p><p class='text-center'>OR</p><p class='mv-why-us text-left'><i>Self-Employed Applicants</i>&nbsp;- Last 3 months’ bank statements in PDF format if you are self-employed</p></td></tr></tbody></table></div>"},{"question":"3. What Are The Fees And Charges For Money View Personal Loans?","answer":"<p class='mv-why-us text-left'>Ans:&nbsp;Fees and charges for a Money View personal loan are -</p><div class='card' style='border-top: none; border-right: none; border-bottom: 0px; border-left: none; border-radius: 0px; overflow: hidden; color: rgb(33, 37, 41); font-family: &quot;Open Sans&quot;; font-size: 16px;'><div id='collapseThree' class='collapse show' aria-labelledby='headingThree' data-parent='#accordionExample3' aria-expanded='false'><div class='card-body' style='min-height: 1px; padding: 10px 5px !important;'><table class='table table-striped table-bordered' style='width: 720px; vertical-align: top;'><thead><tr><th scope='col' class='text-center' style='padding: 0.5rem; border-bottom-color: rgb(73, 80, 87);'>Fees &amp; Charges</th><th scope='col' class='text-center' style='padding: 0.5rem; border-bottom-color: rgb(73, 80, 87);'>Amount Chargeable</th></tr></thead><tbody style='vertical-align: inherit;'><tr><td>Interest Rate</td><td>Starting from 1.33% per month</td></tr><tr><td>Loan Processing Charges</td><td>Between 2% to 8% of the approved loan amount</td></tr><tr><td>Interest on Overdue EMIs</td><td>2% per month on the overdue EMI/Principal loan amount</td></tr><tr><td>Cheque Bounce</td><td>Rs.500/- each time</td></tr><tr><td>Loan Cancellation</td><td><ul class='text-left' style='padding-left: 2rem;'><li>No additional charges levied</li><li>Processing fees will also be retained</li></ul></td></tr></tbody></table></div></div></div>"},{"question":"4. What Can I Use My Money View Personal Loan For?","answer":"<p class='mv-why-us text-left'>Ans:&nbsp;Our personal loans are extremely versatile. You can use for a number of purposes such as -</p><ul class='ul-check mv-why-us text-left'><li>To fund a wedding</li><li>For Home-repairs</li><li>Medical expenses</li><li>For vacation</li><li>For a loan down payment</li><li>Education purposes</li><li>To buy the latest gadget</li><li>To fund a business venture</li><li>To pay off credit card bills or build credit score</li></ul>"},{"question":"5. What Is The Difference Between Secured And Unsecured Loans?","answer":"<p class='mv-why-us text-left'>Ans:&nbsp;Secured loans are those that are provided against collateral such as home loans, auto loans, gold loans, etc. Unsecured loans are those that do not require collateral such as personal loans. Money View personal loans for bad credit are unsecured loans and do not require any collateral or security.<br></p>"}]

FAQs on Buy Mobile Phone on EMI without Credit Card

1. What else can I Use my moneyview Personal Loan for?

Our personal loans are extremely versatile. You can use for a number of purposes such as -

Wedding funds
Paying for home repairs or renovations
Medical expenses
Vacation expenses
Educational expenses
Gadget purchases
Funding a business venture
Paying off credit card bills or building a credit score

2. Is it possible to change the loan amount after I have applied for it?

No, you cannot change the loan amount once you have reviewed and submitted the Loan Agreement. For any help you can get in touch with us at loans@moneyview.in.

Buy Mobile on EMI without Credit Card

Instant Loan Disbursal in 24 Hours & 100% Paperless Process

Why Should You Opt for Money View Personal Loans to Buy Mobile on EMI

EMI Options to Buy a Mobile without Credit Card

Personal Loans

EMI on Debit Cards

EMI Cards