Buy Mobile on EMI without Credit Card

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 or minimum Experian score of 650

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.