Buy Mobile on EMI without Credit Card

EMI Options to Buy 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.

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

24 Hour Disbursement

Your loan amount will be credited within just 24 hours after your loan application has been approved

Loans with Low Credit Score

Thanks to Money View’s unique credit rating model, even if you have a relatively low credit score, you can still get a loan. However a minimum CIBIL score of 600 or Experian score of 650 is a must

Instant Eligibility Check

Your eligibility check from the Money View website or app takes only 2 minutes saving energy and time

No Collateral or Guarantor

There is no need for a guarantor or collateral to get Money View personal loans

Flexibility of Loan Amount and Repayment Term

Depending on your eligibility you can choose any loan amount of upto Rs. 5 lakhs and repayment tenure of up to 60 months

Flexible Repayment Term

Choose our flexible loan repayment tenure starting of 3 months up to 60 months

Minimal Documentation

All you need to provide are 3 documents - ID proof, address proof, and income proof

100% Online

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

How to Get Personal Loan from Money View to Buy Mobile on EMI

Check your eligibility

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

Choose your loan plan

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

Upload required documents

You’ll have to upload all the relevant documents after which they will be verified

Loan transfer to your bank account

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

Note -

• After your documents are verified, you will receive a NACH form. You’ll need to print this form, sign, scan the document, and send it back to Money View to enable the auto-debit facility from your bank account.
• This will allow you to pay your EMIs on time automatically without the need for any manual intervention.
• On receiving your NACH form, you will need to review the loan agreement on the app. If you agree to the terms and conditions, you can submit the application

Our Loan Eligibility Criteria to Buy Mobile on EMI

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

• Applicants must be between 21 years and 57 years
• Applicants must receive an income of Rs. 13,500 or more*
• 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

In Conclusion

In today’s age of diverse financial products from multiple banks and superior technology 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 the idea was not even in existence. Availing a personal loan to pay for a mobile phone is definitely an option to consider. If you wish to avail a personal loan from Money view, visit the Money View website or download the app to apply now.