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Monday, December 26, 2022

How to Buy Mobile On EMI Without Credit Card

 Hello Readers 

                   Today's post is all about how to buy a mobile on EMI without a credit card. 

In today's time, due to limited income, it has become very difficult to meet our needs. In such a situation, it is very difficult to buy things ranging from household needs to your hobbies. 

At present, mobile phones have become a very important part of people's lives, and nowadays there are expensive to expensive phones with new features in the market, which everyone wants to buy.

 Having a good mobile phone is everyone's hobby, but due to lack of money, often people are not able to buy the phone of their choice.

In such a situation, the idea of buying a mobile on installment must have come to your mind. There are many such finance companies available in the market, which provide loan facilities to buy mobile phones. 

Through these finance companies, you can buy the mobile of your choice in easy installments, and pay the loan in easy EMI installments. But many people are not aware of getting mobile on EMI. Through this article, you are given information about how to buy a mobile on EMI and how to buy a mobile on EMI without a credit card.

What is Mobile Loan on EMI?

A mobile loan is such a loan, which is specially taken to buy a mobile. In this, a person takes a loan to buy a mobile of his choice. In today's time, mobile has become very useful for any person. But due to being more expensive, it is not possible to buy a mobile. To solve this problem, so many finance companies are giving loans for mobiles you also hear about the zero down payment for mobile phones online these kinds of services also provided by these companies

This loan is given by the company at the time of buying a mobile, which you have to repay with some interest on the basis of EMI.

How to buy mobile on EMI 

If you want to buy a new mobile on EMI from any online website, then you have many options for that. In this, the best option you have is a debit card/ credit card. Through this, you can take a mobile phone in installments in a few moments while sitting at home. Apart from this, in case of not have a credit card, you have to contact finance companies to take a mobile loan, after which you can easily take mobile in installments.

Mobile Loan Documents Required

  • Aadhaar Card
  • Bank Account
  • mobile number 
  • Passport size photo 
  • Cancel Check 
  • Signed ECS Form 
  • Demand Promissory Note (written proof of promise to repay the loan)

Eligibility for zero down payment mobile phones online without credit card

  • Only individuals between 21 to 60 years of age can take a mobile loan.
  • It is also necessary to have a source of regular income.

Mobile Loan Installment & Charges

The interest rate charged on mobile taken by EMI can be from 5 to 15 percent depending on the period. It costs Rs 400 as a processing fee. If you take a loan for a mobile of Rs 10,000 and choose the installment of 15 months, then you have to pay 15% interest. For this, you have to pay Rs 767 per month. Apart from this, Rs 400 has to be paid separately as a processing fee on the first EMI.

How to buy a mobile on emi without credit card

You need a credit card to buy a mobile in installments. But if you do not have a credit card, and still want to get mobile on EMI, then you get many options for that too. You can take a loan for mobile even without a credit card.

How to Buy Mobile On EMI Without Credit Card
How to Buy Mobile On EMI Without Credit Card

  • For this, you have to go to that mobile store, which gives mobile in installments without a credit card.
  • There are many mobile stores with which finance companies are attached, which gives you the facility of a loan for mobile even without a credit card.
  • For this, some important documents are taken from you, and an interest rate is also imposed on the loan.
  • This interest rate may vary according to different finance companies.
  • Some of the finance companies are ZestMoney, Quicklo, Krazybee Slicepay, Slicepa, The Mobile Store, and Bajaj Finance. Bajaj Finserv company easily does mobile finance.

Bajaj Finserv Installment Mobiles

  • You can finance any household item with an EMI card from Bajaj Finserv.
  • In this, you can buy things like AC, fan, fridge, cooler, and TV in installments with Bajaj Finvers Card.
  • Apart from this, electric goods, TV mobile can also be bought with an EMI card.
  • In this, you get finance for anything within half an hour.


Here in this post, we talk about all important aspects related to the zero down payment mobile phones online without a credit card so if you guys are searching for information related to EMI then you should read our post till the end.


Q.1: How right is it to take mobile on EMI? 

If you do not have money, yet you want to buy a mobile, then it is normal to buy something in installments. You can easily buy a phone by taking a loan. For which you have to return the money from time to time. If you do not pay the installment on time, then you have to pay some additional amount as a penalty. This amount may vary from company to company. Therefore, whichever finance company you take the loan from, take the loan only after understanding its terms and conditions very well, this will make it easier for you to pay the installment of the mobile.

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