Why Should You Opt for Personal Loans from Moneyview to Buy Mobile on EMI
Flexibility of Loan Amount
Depending on your eligibility you can choose any loan amount of upto Rs. 10 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 personal loan from Moneyview.
Affordable Interest Rates
At Moneyview, the interest rate starts at just 10% per annum.
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 -
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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.
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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.
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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 -
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You must be between 21 years and 57 years
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Your income must be Rs. 13,500 or more*
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The income must be credited directly to the applicants’ bank account
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Credit score must be a minimum CIBIL score 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 650 /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 650 /Experian Score of 650 and above |
|
|
Rs 15,000 |
Metro City other than Mumbai and NCR |
CIBIL Score of 650 /Experian Score of 650 and above |
|
|
Self-Employed Individuals |
Rs 15,000 |
Any |
CIBIL Score of 650 /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
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.
FAQs on Buy Mobile Phone on EMI without Credit Card
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
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.
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