Steps to Buy Mobile on EMI with Debit Card

Have you been wanting to buy your favourite phone for some time now? If you have been holding it off, you no longer have to! Buying a phone can be very expensive but purchasing a phone on EMI’s or Equated Monthly Instalments is the best option. With this, you can spread the cost over a longer period, for example, six months to one year. 

You don’t need a Credit Card to access EMI facilities. With ease and convenience, you can use this option to shop for a wide range of products, including mobile phones, electronics, furniture, apparel, and more. 

If you do not have a Credit Card or are facing financial problems, you can purchase your phone on EMIs through Debit Cards. This requires no extra documentation and no processing fee. 

Also, you will be charged less than the usual Credit Card charges if you make your payments using a Debit Card. 

To buy a phone on EMI with a Debit Card, all you need to do is:

• Step 1: Visit an electronic store or outlet partnered with your bank. Banks specifically select these outlets to offer EMI options on purchases made with debit cards.

• Step 2: Before using your debit card for EMI purchases, you must complete the KYC procedure if you haven't already done so. Submit the required documents online or at the bank's branch to verify your identity. This may include a government-issued ID, address proof, and a recent photograph.

• Step 3: Pay the initial down payment required for the EMI option. The amount may vary depending on the phone's price and the EMI scheme offered.

With HDFC Bank, you can purchase your phone on your Debit Card in easy instalments. All you need to do is ask the billing counter for the payment processing to be done accordingly. While making the payment, you can specify that you wish to make the EMI Payments through your Debit Card, and it will be done. You can read more about how to pay EMI on Debit Card here.
However, this facility is available only on select Debit Cards at an interest rate of 15% p.a. Do check if you are eligible.
Existing HDFC Bank customers can get their Debit Card reissued within minutes here. New customers can get a new Debit Card by opening a new Savings Account while experiencing hassle-free banking with HDFC Bank.

Looking to apply for a Debit Card, click here to get started.         

* Terms & conditions apply. Debit Card approvals are at the sole discretion of HDFC Bank Ltd