Payments
The blog outlines how to buy an air conditioner (AC) on EMI, highlighting the advantages of using HDFC Bank’s EasyEMI scheme, including flexible payments, no extra costs, instant approval, and potential cashback offers.
When the summer heat becomes unbearable, a good air conditioner (AC) can be a lifesaver. However, the upfront cost of purchasing an AC can be substantial. Thankfully, buying an AC on EMI (Equated Monthly Instalments) allows you to spread the cost over several months, making it more affordable. This guide will answer the question: How can you buy an AC on EMI?
HDFC Bank EasyEMI is a great way to buy consumer durables like air-conditioners, refrigerators, televisions, washing machines, and even mobile phones now and pay later. With HDFC Bank you can avail multiple deals on electronics with ease. Use your Credit or Debit Card to buy the appliance you need from a partner store. Payback in easy monthly instalments spread over 12 to 36 months based on your needs. You can opt for a Consumer Loan if you don’t wish to use a card.
The four noted benefits of AC on EMI are:
Buying an AC on EMI allows you to avoid a substantial upfront payment. Instead of paying the entire amount at once, you can spread the cost over several months through manageable, pocket-friendly monthly instalments. This flexibility helps you budget better and reduces financial strain.
With HDFC Bank EasyEMI, you can benefit from an EMI option that doesn't incur additional costs. That means you pay exactly the price of the AC, without any extra charges for the EMI facility. Additionally, no processing fees are involved in converting your purchase into easy EMIs. This makes the overall cost of the purchase more affordable and transparent.
One of the key advantages is the speed of the process. You don't have to wait long to get your new AC home. With HDFC Bank's EasyEMI, funds are instantly disbursed, allowing you to receive your appliance promptly.
When buying an AC with HDFC Bank, you can benefit from up to 12.5% cashback on your purchase when opting for a no-cost EMI. This offer adds extra value to your purchase, making it more affordable through EMIs and rewarding with cashback, which can be used for future expenses or savings.
HDFC Bank gives you the following options to purchase AC on EMI:
If you have a retail credit card, you can easily opt for HDFC Bank EasyEMI. The process is straightforward—simply use your credit card to make the purchase, and you can convert the payment into manageable EMI instalments.
If you prefer to use a debit card, you can still explore EMI options. To check your eligibility for a Debit Card EMI loan, text "MYHDFC" from your registered mobile number to 5676712.
For those interested in a consumer durable loan, HDFC Bank offers a KYC (Know Your Customer) option on its website to check eligibility. This option is not limited to HDFC Bank customers alone; non-HDFC Bank customers can also apply for a consumer durable loan.
With EasyEMIs, you don’t have to submit any documents to buy an AC.
Looking to buy an AC this summer? With EasyEMI and scintillating deals available on Air Conditioners, you can wave goodbye to the scorching heat of the summer.
Disclaimer: *Terms and conditions apply. Personal Loan at the sole discretion of HDFC Bank Limited. Loan disbursal is subject to documentation and verification as per Banks requirement.