Payments
The blog explains how to buy a smartphone using HDFC Bank’s EasyEMI service, allowing you to make purchases now and pay in affordable monthly instalments, without needing credit cards or upfront payments.
With the rapid change in the technological world, we always like to stay connected. Social media has become an integral part of our lives, and to enjoy the prettiest pictures clicked on that platform or to listen to your favorite music artist, you need to keep up with the times. Hence, a smartphone is the best way to stay in the present and connect with everyone.
But with the constant updates and upgrades, getting your hands on all the latest technology can be a bit overwhelming. When a smartphone gets old within a few months of its launch, it is almost imperative that we have the latest devices in our hands. A better processor and camera allow you to do so much more with your device than you would have imagined a few years ago. But all of this comes at a cost.
Smartphones these days don't come cheap as well. It is quite good if you can afford to pay the entire amount upfront. But in a more realistic world, most of us have some or other financial commitments, making it a little difficult to pay upfront. Does that mean you cannot get your hands around the latest iteration of your favourite smartphone; the answer is 'No.' Many firms provide the option to purchase a smartphone on EMI, and with HDFC Bank you can buy a smartphone without the fear of completely emptying your wallets now.
Let’s look at the benefits of mobile financing to buy a smartphone on EMI:
With the help of mobile financing, you can access all the premium smartphone features as soon as the product is shipped. Unlike traditional loans, Consumer Loans or EMI mobile online shopping have a much shorter turnaround time. This ensures you can buy your favourite smartphone even on the same day.
If you do not prefer Credit Cards, a Consumer Durable Loan from HDFC Bank makes a lot of sense. You should avoid buying a smartphone in the spur of the moment with the help of a Credit Card due to its high-interest rates. With EasyEMI through Consumer Loan, you can buy a mobile on easy EMI without the interest burden.
How to buy a phone on EMI? With a Consumer Durable Loan, you can design your own EMI. You can either buy a smartphone on EMI, which is higher, and complete repayment at the earliest, or buy one on EMI, which is lower, and let it run longer. Depending on your needs and requirements, select an EMI that suits your needs.
Most of the Consumer Loan lenders have a wide network. You can either walk into any of their outlets or, give a call to customer care or avail yourself of EMI mobile online shopping facility. A wide network ensures you are not too far from an outlet where EMI phone purchase is available no matter where you are.
How to buy a mobile on EMI and select the adequate repayment option? You can choose from a couple of repayment options regarding your EMI. Buy a mobile on easy EMI; the repayment is hassle-free using the auto-debit function. It means giving your bank a standing instruction to deduct the EMI amount on specific dates and handing it over to the lender.
HDFC Bank offers a unique facility to buy your preferred mobile phone using your HDFC Bank Debit or Credit Card. After making the purchase, you can convert it into EasyEMI, allowing you to spread payments conveniently. This option is available for both online and retail store purchases. Here are the
Buying a gadget is now easier than ever with EasyEMI, offering a vast array of deals on your favourite devices throughout the summer. With EasyEMI, acquiring a smartphone is convenient and affordable, ensuring you don’t have to strain your finances for essential tech. Enjoy exclusive offers to get your dream phone this summer with no-cost EMIs and cashback rewards.
*Terms and conditions apply. EasyEMI Loan at the sole discretion of HDFC Bank limited. Loan disbursal is subject to documentation and verification as per Banks requirement.