Cellular Phone Loan Rate Of Interest & Eligibility Criteria

Cellular Phone Loan Rate Of Interest & Eligibility Criteria

How exactly to obtain a mobile phone on EMI Without charge card?

Once you think of buying one thing on EMI, the very first option that comes in your thoughts is a charge card. Nonetheless, not every person has use of bank cards. Fortunately, there are many other lending options available today for purchasing a mobile on loan without charge card.

1. Mobile Phone Loan

You will get a loan via a bank, standard bank and even an application on your own phone to purchase mobile on EMI quantity of your preference. With app-based loans through MoneyTap, you will be authorized for individual credit line thats both convenient and flexible.

You should use this credit line for big purchases such as for instance mobiles, and convert your purchase add up to EMIs that you choose right through the software. Additionally you get a bank card together with your loan approval both for on the web and offline acquisitions!

2. EMI Card

Some banking institutions and non-banking companies that are financial NBFCs provide an item referred to as an EMI card. Essentially, they are quite much like credit that is traditional, where interest is charged regarding the major quantity and repayments are spread away over a particular time period.

With some EMI cards, you might never be charged interest from the principal, but there will be a processing charge. Read More