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Learn about how you can purchase the latest smartphone without any upfront cost by using your credit card EMI facility.
Buying a smartphone can be a significant expense, especially when opting for a high-end device. Fortunately, many banks and financial institutions offer credit card EMI plans with zero down payment. This means you can get your preferred smartphone without paying anything upfront.
The cost is divided into monthly instalments, making it easier to manage your budget. These EMI plans are often interest-free or come with nominal interest, depending on the issuer and tenure chosen.
Zero down payment means you do not need to pay any money at the time of purchase. The full price of the smartphone is converted into EMIs, which are then billed to your credit card monthly.
When you select the credit card EMI option at checkout—either online or in-store—the entire amount is blocked on your credit limit. As you pay the instalments over time, your credit limit is gradually released.
For example, if a phone costs ₹30,000 and you choose a 6-month EMI plan, your card will reflect a blocked amount of ₹30,000. Each month, ₹5,000 plus applicable interest (if any) will be billed to your card.
Different issuers may offer no-cost EMI, where the interest is absorbed by the merchant or brand, or low-cost EMI where minimal interest is charged. This makes 0 down payment mobile options highly attractive for buyers who prefer flexibility without the burden of upfront costs.
No Upfront Cost
You don’t need to pay anything initially, making high-end smartphones accessible even if you lack immediate funds
Improved Budget Management
Spreading the cost into smaller monthly payments makes it easier to plan your monthly expenses
Access to Premium Models
Expensive smartphones, such as an iPhone with 0 down payment, become affordable through EMIs without financial strain
Instant Ownership
You can take the phone home or get it delivered right away without waiting to save up
Flexible Tenure
Most credit card EMI plans offer tenures ranging from 3 to 24 months, allowing you to choose what fits your budget
E-commerce platforms often partner with banks and credit card issuers to offer zero down payment and EMI options on mobile phones. Zero down payment mobile phones are available through both online platforms and offline stores.
Here are both ways you can try:
Many online platforms offer smartphones with credit card EMI options that do not require any upfront payment. These may be available through the brand's own website, multi-brand electronic stores, or financial service platforms.
You can also find such offers on financial marketplaces like Bajaj Markets, where multiple lenders provide mobile phones on EMI with zero down payment options.
In addition, you can shop with ONDC on Bajaj Markets, where different sellers list mobile phones with varied EMI plans. The Open Network for Digital Commerce (ONDC) helps buyers connect with a wide range of sellers on a common platform.
Mobile phone retailers and large-format electronic stores often provide zero down payment EMI offers in partnership with banks or credit card issuers. Staff at these stores typically help with on-the-spot EMI processing using your credit card.
Always check the EMI terms carefully, including tenure, monthly instalments, and any applicable charges before completing the purchase.
To avail a zero down payment mobile through credit card EMI, you must meet certain eligibility conditions set by your card issuer. These may vary slightly between banks, but common requirements include:
You must hold a valid and active credit card from a participating issuer
Your available credit limit must be sufficient to cover the full cost of the mobile phone
A healthy repayment record and a credit score above 700 is generally preferred
Some EMI offers apply only if the phone’s value exceeds a certain threshold (e.g., ₹5,000 or more)
Certain EMI plans or tenures may be available only for select cards or customer profiles
It’s important to check these details with your bank before making a purchase, as terms can differ between card issuers.
Purchasing a smartphone on EMI without paying anything upfront is now easier with credit card EMI options. Here is a simple step-by-step guide to help you avail a zero down payment mobile phone using your credit card:
Confirm with your bank or credit card provider if your card supports EMI and zero down payment offers
Select the phone you wish to buy, either online or at a nearby retail store
During checkout (online) or billing (offline), choose the credit card EMI option with zero down payment
Choose a repayment period that fits your monthly budget—typically between 3 to 24 months
Enter your card details and complete the purchase. The full amount will be blocked on your credit card and converted into monthly EMIs
Your EMI will reflect in your next billing cycle, based on the tenure you selected
Yes, if your card issuer supports zero down payment EMI offers, you can convert the full amount into EMIs without paying anything at the time of purchase.
Select the credit card EMI option during checkout online or at the store. Choose your tenure and complete the payment using your eligible credit card.
It can be useful if managed well. EMI offers reduced immediate expenses, but timely repayment is essential to avoid interest charges or penalties.
A low credit score may reduce your chances. Most issuers prefer a good credit history to approve EMI plans without upfront payment.
Not always. EMI availability depends on the card issuer, transaction amount, and merchant tie-ups. Check with your bank before buying.
No, these offers are usually limited to select models and price ranges. Availability depends on the card issuer and the seller.
