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Buy Mobile Phones Online on EMI without credit card

By Finserv MARKETS - Oct 30,2019
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How to shop smartphones on EMI without credit card

Brands like Apple, Samsung and MI are now launching smartphones every couple of months, with newer models quickly outpacing the older ones. Consumers are able to access new features much faster than ever before and have more options in terms of brands as well. However, smartphones equipped with the best features are also much more expensive. Not only has this made online portals a lot more popular owing to their ability to discount products, but it has also given rise to newer manners of financing the purchase of electronics such as smartphones.

Smartphones can now be bought with Equated Monthly Installments (EMIs) making it possible to do EMI shopping without credit card. While EMI payment for major purchases and for repayment of loans have been around for some time, EMI payment for electronics is a relatively newer concept.  E-commerce platforms began offering EMI payment for smartphones, but a credit card was a mandatory requirement for availing this financing option. Now it is possible to make payments through EMI without credit card, with the Bajaj Finserv EMI Network Card which not only makes payments a lot more convenient but also provides customised offers for existing users. Not only can you use it for purchasing goods on the Bajaj Finserv EMI Store, but across 84,200 other retail partners which includes both online and offline outlets.

Read on to learn about the other benefits of the EMI Card, which allows you to buy the latest smartphones on EMI without credit card.

  1. High Pre-approved Loan Limit:

By opting for a Bajaj Finserv EMI Network Card, you get access to a high pre-approved loan limit of Rs. 1.5 lakh which can be used for buying no cost EMI phones without credit card. Since the card can be used across several thousands of outlets, you can easily begin making purchases before you need to start repaying the amount.

  1. Flexible Repayment Tenure:

While shopping with the Bajaj Finserv EMI Network Card, it is possible to choose the repayment tenure according to your individual convenience. The repayment tenures range from 3 to 24 months, which allows you to comfortably repay the amount you have spent in equal installments.

  1. Minimal Documentation:

Applying for a loan which has to be repaid through EMI usually involves a ton of documentation and approvals from banks and other financial institutions. However, you can apply for the Bajaj Finserv EMI Network Card with absolutely minimal documentation and what’s more, it’s simply a one-time process! Cardholders are not even required to provide additional documentation at the time of making purchases.

  1. No Cost EMI:

This is quite possibly the greatest benefit to using the Bajaj Finserv EMI Network Card to purchase goods on EMI without credit card. When a customer purchases goods by using this card, they are not charged any interest on the purchase which means there is no interest emi mobile price. This allows you to buy the product at its actual price, without having to pay extra for the convenience of repaying the amount at your leisure. The No-Cost EMI is applicable, regardless of whether products are bought on the Bajaj Finserv EMI Store or at any other of the other 84,200 stores where the card can be used for payments.

  1. No Foreclosure Charges:

Foreclosure charges are usually charged when a borrower decides to close their loan by repaying the borrowed amount before their tenure runs out. However, with a Bajaj Finserv EMI Network Card, no foreclosure charges are added if the individual decides to pay off the loan earlier than was decided.

  1. Flexible Repayment Tenure:

While shopping with the Bajaj Finserv EMI Network Card, it is possible to choose the repayment tenure according to your individual convenience. The repayment tenures range from 3 to 24 months, which allows you to comfortably repay the amount you have spent in equal installments.

  1. Minimal Documentation:

Applying for a loan which has to be repaid through EMI usually involves a ton of documentation and approvals from banks and other financial institutions. However, you can apply for the Bajaj Finserv EMI Network Card with absolutely minimal documentation and what’s more, it’s simply a one-time process! Cardholders are not even required to provide additional documentation at the time of making purchases.

  1. No Cost EMI:

This is quite possibly the greatest benefit to using the Bajaj Finserv EMI Network Card to purchase goods on EMI without credit card. When a customer purchases goods by using this card, they are not charged any interest on the purchase which means there is no interest emi mobile price. This allows you to buy the product at its actual price, without having to pay extra for the convenience of repaying the amount at your leisure. The No-Cost EMI is applicable, regardless of whether products are bought on the Bajaj Finserv EMI Store or at any other of the other 84,200 stores where the card can be used for payments.

  1. No Foreclosure Charges:

Foreclosure charges are usually charged when a borrower decides to close their loan by repaying the borrowed amount before their tenure runs out. However, with a Bajaj Finserv EMI Network Card, no foreclosure charges are added if the individual decides to pay off the loan earlier than was decided.

These are just some of the ways in which the Bajaj Finserv EMI Network Card makes EMI shopping without credit card an improved method of payment for goods. Along with buying a new phone on EMI without credit card, you can easily buy an AC, a washing machine or a television on EMI without credit card.

The card is available for anybody aged above 25 years and below 60 years, who has a regular source of income. Apart from having a good credit history, the applicant must provide address proof for their current residential address to avail a Bajaj Finserv EMI Network Card. The applicants must provide their PAN card, Aadhaar Card, a signed ECS mandate and passport-sized photographs in order to avail the card. All of these documents can be submitted online, which makes the process a lot faster as well as smoother.

It is exceedingly easy to get a Bajaj Finserv EMI Network Card and no credit card is required for EMI shopping by following the online process. Applicants just need to apply for the card, make an online payment of Rs. 530 and complete the IMPS registration. Once the documents have been submitted, the card is activated with a pre-approved loan limit of Rs. 1.5 lakh.

Now the card can be used to make purchases on the Bajaj Finserv EMI Store along with 84,200 other online and offline retail outlets. You can easily keep stock of your purchases, your EMI repayments and other details via the online customer portal.

Read more how to Buy Latest Electronics on affordable prices with No Cost EMI

Finserv MARKETS, from the house of Bajaj Finserv, is an exclusive online supermarket for all your personal and financial needs.  We understand that every individual is different and thus when you plan to achieve your life goals or shop for the gadget of your dreams, we believe in helping you Make it Happen in a few simple clicks. Simple and fast loan application processes, seamless, hassle-free claim-settlements, No-Cost EMIs, 4 hours product delivery and numerous other benefits. Loans, Insurance, Investment and an exclusive EMI store, all under one roof – anytime, anywhere!

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Bajaj Finserv Direct Limited ("BFDL"), erstwhile Bajaj Financial Holdings Limited is a registered corporate agent of Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited under the IRDAI composite registration number CA0551 valid till 10-Apr-2021. BFDL also renders services to Bajaj Finance Limited (‘BFL’) and Bajaj Housing Finance Limited (‘BHFL’) (referred hereinafter as ‘Lending Partner’) in sourcing of customers, providing preliminary credit support activities, fulfilment services and post-acquisition customer services related to lending business. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522