Here's how to buy your dream mobile on EMI

From enjoying captivating visuals on social media platforms to jamming to the latest tracks, smartphones allow us to live in the moment and remain connected. However, as technology advances, owning the latest mobile model can be expensive.

Though smartphones boast advanced features, their prices can be daunting. If you cannot pay the entire sum upfront due to other financial obligations, worry not. There’s a solution – buy the mobile on EMI (Equated Monthly Instalments).

How to buy a mobile on EMI?
 

Let’s delve into the perks of buying a mobile on EMI and how to go about it.

• Instant access

Mobile financing lets you access funds and buy the smartphone you want right away. Compared to conventional loans, the online EMI mobile buying process has a swift turnaround, often allowing same-day purchases.

• No-cost EMI

No-cost EMI options are available on most e-commerce sites as well as physical shops through which you can buy the mobile on credit without paying any interest on the purchase. Additionally, a few credit cards even allow cashback or discounts when opting for no-cost EMI. Such credit card offers on mobiles can considerably bring down your buying cost. So, with this option, you can now enjoy no-cost EMI mobiles without straining your finances.

• Skip credit cards

If credit cards are not your thing, consider IDFC FIRST Bank’s consumer durable loan. These loans, optimised for gadget purchases, usually have more favourable terms than credit cards, which often come with high interest rates.

• Flexible EMI plans

Customise your EMI at your convenience. Opt for higher EMIs for quicker loan clearance or a smaller, stretched-out EMI for more affordable monthly payments. It is all about aligning yourself with your financial needs.

• Broad network

Leading consumer loan lenders like IDFC FIRST Bank have expansive networks. Whether you are shopping in person or leveraging the benefits of online EMI mobile purchasing, these financing options are widely accessible.

• Hassle-free repayment

Simplify your EMI payments with the auto-debit feature. Grant your bank permission to automatically handle EMI deductions and payments, ensuring timely transactions.

• Transparent transactions

Most lenders are upfront about the entire loan process, ensuring you are not blindsided by hidden fees or unexpected costs.

Making the most of IDFC FIRST Bank’s Easy EMI
 

This exclusive service enables you to purchase your desired mobile using your IDFC FIRST Bank debit or credit card. You can then convert this purchase into manageable EMIs. Here is how:

Buy now, pay later
 

One of the major benefits of the buy now, pay later facility is the flexibility it grants consumers. Picture this: you find a limited-time discount on your dream smartphone. Instead of regretfully passing on the offer due to the lack of funds at the moment, this option allows you to secure the deal right away. You can pay for it in instalments over time. This feature ensures that you never miss out on a great deal just because you don’t have the lump sum amount at the right time.

Stress-free process
 

Gone are the days when financing was synonymous with tedious paperwork, long waits, substantial down payments, and hidden processing charges. With modern EMI facilities, such as those offered by IDFC FIRST Bank, the entire procedure has been simplified. Consumers can now enjoy the convenience of minimal documentation and zero down payments.

Pocket-friendly tenures
 

The significance of EMI lies in its adaptability. When choosing to buy on EMI, consumers are not pigeonholed into a rigid repayment structure. Depending on your comfort and forecast, you can decide the duration of your repayments. This tailoring ensures that your monthly outflows align with your budget. This grants you mental peace and financial stability on your EMI mobile purchase or any other consumer durable item.

To wrap up
 

With Easy EMI, not only is the mobile buying and financing experience streamlined, but you also get to make the most of the countless deals on gadgets all year long. So, there’s no need to wait to accumulate a substantial corpus for dream purchases anymore. Happy shopping!

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.