Ultimate Guide to Buying Electronics on EMI without a Credit Card

EMI is a popular way of purchasing expensive electronics, but it typically requires a credit card. However, not everyone has a credit card and may be unsure of how to buy electronics without one. 

While one option is to buy electronics from e-commerce websites and pay for them in installments, this approach may not be practical if the online price of the product is higher than the offline price or if the product isn’t available online.

Fortunately, it is still possible to buy electronics on EMI even without a credit card. In this article, we will outline the steps involved in purchasing electronics on EMI without the need for a credit card.

Non-Credit Card EMI options 

  1. Get an EMI done using your Debit Card

In modern times, numerous top banks offer the facility of equated monthly installment (EMI) through their debit cards. This implies that you can utilize your debit card to buy items online and pay for them in installments. Alternatively, you can also make purchases from physical stores and convert them into EMI without having any amount blocked or held in your account.

  1. Take a Personal Loan

Personal loans can be obtained from various financial institutions and lenders, and they can be used to finance your electronic purchases without requiring a credit card. With flexi credit options available, you can enjoy greater flexibility in terms of repayment terms and loan amounts, allowing you to customize your loan to fit your specific needs and budget.

Overall, personal loans offer a viable alternative to credit card EMIs, making it easier for anyone to purchase electronics without having to worry about upfront costs. Whether you need a new laptop, smartphone, or other electronic device, personal loans with flexi credit can provide the financial assistance you need to make your purchase without breaking the bank.

  1. Amazon Pay Later

Amazon, the online retail giant, has come up with a fantastic new feature that is sure to delight its customers. The Amazon Pay Later facility, now available to a select group of users, lets you purchase items without the need for a credit card! That’s right, you can now enjoy seamless credit options without any processing, cancellation, or pre-closure fees. This service is designed to provide a smooth and hassle-free experience for those who are eligible, making online shopping even more convenient and enjoyable.

  1. EMI Cards

If you do not have a credit card, you can still purchase electronics using an EMI card. This card functions as a pre-approved loan, allowing you to buy your desired item and convert the cost into manageable EMIs.

  1. Through Post Dated Cheques

Some physical retail stores offer their customers the opportunity to pay for their purchases in installments through the use of post-dated cheques. To take advantage of this payment option, customers must provide the store with post-dated cheques that have been signed in advance, as well as any other required documents, in order to purchase the items they want on an EMI (Equated Monthly Installment) plan.

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Benefits of Buying Electronics on EMI without a Credit Card

You Don’t Have to Touch Your Savings: When you buy electronics on EMI without a credit card, you don’t have to pay the entire amount upfront. This means that you can keep your savings intact and make payments in easy installments.

Zero Down Payment: With some EMI options, you don’t have to pay any down payment, making it easier to buy expensive electronics without worrying about arranging a lump sum of money upfront.

Financial Planning becomes Easy: EMI options allow you to plan your finances better, as you can calculate the monthly installments and budget accordingly. This can help you avoid any financial strain or unexpected expenses.

Comfortable Online Shopping: Buying electronics on EMI without a credit card is usually a hassle-free process that can be done online, allowing you to shop from the comfort of your home.

Zero Foreclosure Charges: In case you decide to close your EMI plan early, some providers may not charge any foreclosure fees. This can be beneficial if you suddenly come into money and want to pay off your loan early.

Author Bio: Tanvi Kaushik specializes in Content Marketing and works with the Digital Team at KreditBee – India’s fastest personal loan platform where self-employed and salaried professionals can easily avail of personal loans in just a few minutes when in need of quick funds. Tanvi writes to-the-point articles on personal finance and budgeting which are truly appreciated by her readers. She is committed to making money matters easy to understand even for the layman. Her commitment to her work doesn’t stop her from pursuing her hobbies of hiking, trekking and going on adventurous trips.


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