Given below are some of the benefits of buying a mobile on EMI through personal loans.
- Flexibility in your hands
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.
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
The financing company will just require your PAN card, address proof, and salary slip (if you are working as an employee).
- Nil foreclosure charges in most of the cases
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.
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.