Purchase Best Quality Mobile on EMI

Mobile phones, both entry-level feature phones as well as smartphones, have become an important part of our lives. While the older generation can no longer imagine their lives without a cellphone by their side, the millennials grew up holding this gadget. Keeping the needs of the many age and social groups in mind, many mobile manufacturers are designing feature-rich mobiles. Depending on what feature you are looking for, there are multiple options to choose from.

However, if you are someone who know what the mobile features required, you must already be aware that prices for such models are on the rise. Additionally, every new iteration of the previous generation comes with a heavy price tag attached to it. So, a lot of people choose to buy mobile on EMI, as it gives them the flexibility to purchase a feature-rich next-gen smartphone without shelling a bomb.

Why Purchase a Mobile on EMI? 

Let’s be honest, it’s convenient! Purchasing a mobile on EMI allows you to buy a brand-new mobile by only paying a small amount upfront. The rest of the amount can be converted into affordable no-cost EMI’s spread over a specified duration. This allows a consumer to buy a really expensive phone even if theoretically he couldn’t have afforded it, should he have to pay the money upfront.

What is the Meaning of No Cost EMI?

A no-cost EMI is a scheme wherein you only pay the actual cost of the product to the EMI provider and there is no interest applicable. It’s a great scheme for people looking to buy a new phone without having to pay exorbitant interest rates.

Advantages of No Cost EMI

• Affordability

A no-cost EMI allows you to access expensive mobile phones at a price you can afford to pay. You only need to pay a very small upfront fee, and sometimes there are offers with zero down payment. You can choose to pick up the latest gadgets without having to worry about digging into your savings.

• Zero Interest

Traditional EMI plans come with an interest; whereas, a no-cost EMI is a zero-interest scheme. As explained above, it means, when you buy a mobile on EMI, you pay the cost of the phone. There is no interest payment. 

• Option to Purchase Offline and Online 

Multiple offline and online retailers allow you to opt for this scheme, making it a widely popular option with customers. Moreover, it goes beyond just mobile phones, and you can even buy other expensive gadgets using the no-cost EMI option.

• Easy Availability 

Unlike earlier, a no-cost EMI was only available through banks after going through a lot of paperwork. Today, you can avail such schemes through fintech platforms without the extensive paperwork. Moreover, the process is completely online, and available to anyone with a good credit score even if that person doesn’t possess a credit or debit card. All one needs to do is complete a simple KYC process and upon approval, one can pick a smartphone or gadget of their choice and pay the amount over an interest-free extended period.

Buying a mobile on no-cost EMI has made it easier than ever for people to afford a smartphone. Considering the fact, that these days smartphones are more of a necessity than a status symbol; these schemes are making it easier for people to acquire one even if they might not be able to pay upfront.

If you are thinking of buying a mobile phone, but still contemplating the pricing because your chosen model is a tad too expensive, then opting for a no cost emi means is the best way to go. These days there are multiple players in the market offering no-cost EMI options bringing all kinds of mobile phones within the reach of the average Indian.

Where Can You Buy Mobiles on No-Cost EMI? 

Multiple retailers and popular online platforms have options for buying mobiles on no-cost EMI’s. When browsing the offers, make sure to read the fine print to understand the benefits and the total costs you will incur. Generally, such schemes run all year round, so if you are looking for that next great mobile, going the no-cost EMI way is the best option you can take right now!