Buying a mobile on EMI without a credit card is an exciting proposition that most of us would love to use in today’s day and age. There was a time when buying a new phone without a credit card was like a pipedream, but that is no longer the case. Today, you can get a new phone without even needing to own a credit card via multiple methods.

In this article, we will be looking at 5 of the best ways to buy a mobile phone without a credit card.

Zero Down Payment Schemes

This one is the most popular method of getting a new phone via offline retailers. Multiple local retailers and consumer durable megastores offer zero down payment gateway charges schemes where the customer can take home a new phone without paying anything upfront. They partner with numerous credit service providers who offer consumer durable loans to people without credit cards. All you need to do is complete your KYC details and pass the credit check to qualify for a zero-down payment scheme.

Buy Now Pay Later

Buy now pay later schemes are tremendously popular with new-age customers. This is a new and emerging trend, where customers are pre-qualified for a credit line which they can use to buy consumer durables and much more. This credit line can be repaid and reused multiple times, as long you keep repaying on time. However, you need to pay off the entire amount in one go at the end of the billing cycle, which can be anything from 15-45 days, depending on the service provider.

Debit Card EMI

Your debit card can be used just like a credit card. Yes, you heard that right! Many banks offer customers to purchase mobile phones from leading eCommerce websites on EMI through debit cards. Depending on your relationship with the bank, you may be extended this benefit. The best part about this scheme is that it often requires a very nominal down payment, and the rest of the amount can be converted into easy EMI’s. Moreover, you also often get a more extended repayment period of up to a year in this instance.

Zero Interest Schemes

A zero-interest scheme is another exciting way to get your hands on that latest mobile phone. Moreover, these schemes can be used with buy now pay later credit lines, debit card EMI mobile, etc. The best part about these schemes is that you only need to pay off the actual cost of the product and don’t need to pay anything extra in interest charges.

Credit Gift Cards

Certain fintech startups offer this as part of their loan schemes. These are cheaper than cash loans and come with more extended repayment periods. The way it works is by granting the customer a loan in the form of a gift card, which can be redeemed on leading eCommerce sites to pay for the latest smartphone or any other gadget you want to buy.

If you are thinking about getting the latest smartphone, don’t use your credit card. It’s high time you start taking benefit of modern-day schemes designed for the modern-day customer.