The latest mobile phone from a famous brand with all the amazing features is a dream gadget for many. However, not all of them can afford an expensive high-end phone that can solve their purpose and also look stylish. Saving money for a long time and shelling it out on a mobile purchase is not the wisest thing one can do. This is why purchasing a mobile phone on EMI makes sense.

One common way of purchasing mobile on EMIs is using a credit card. However, this option attracts hefty interest charges and the stress of paying EMIs each month. Besides that, not every individual has access to a credit card with a sufficient credit limit. Here, we will explain how to buy mobile on EMI without credit card.

How does it Work?

Those who do not want to use a credit card to buy a mobile phone can use their debit card. Many fintech companies give a pre-approved EMI limit to select customers, which they may use to purchase things on EMIs. Although they use their debit card to make the purchase, the amount is not deducted from their bank account. They only pay a small down payment for the mobile purchase, and the remaining amount in EMIs spread across a fixed repayment term. Most companies allow buyers to select repayment tenure with EMIs suitable to their monthly budget.

The No-Cost EMI Option

Many companies with this offer give no-cost EMI options to the buyers. They do not charge any interest rate on the mobile purchase with this option. Consequently, the buyer only pays the mobile’s actual price in instalments without paying any interest charges. This is a feasible option for those who want to buy an expensive phone and pay its price in EMIs without using a credit card.

Refer & Earn Scheme

This lucrative scheme allows buyers to get special discounts, cash backs, and other incentives by referring other buyers to the company. The buyer receives benefits by purchasing items from the site and when their referrals buy something there. So, it is a win-win situation for all.

How to Buy a Mobile on EMI without Credit Card?

Those looking to buy a mobile on EMI without credit card must follow these steps:

  • Visit the company’s website and select the mobile phone to purchase
  • Open the product description, click the ‘Buy Now’ button, and check out the payment options
  • Select the EMI option and provide the necessary details
  • Scan and upload the necessary documents to verify identity, residence, and income, including bank statements, salary slips, Aadhar card, voter ID, PAN card, etc.
  • Select an EMI plan with conveniently affordable EMIs
  • Enter the delivery address and place the order 

Needless to say, a mobile on EMI without credit card is all one needs to buy their dream phone. With this option, individuals can get their desired phones today and pay their price in easy EMIs without any interest charges. Now, buyers can move a step closer to their favourite mobile phone today and apply.