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There may be many occasions in life when you may have seen an excellent mobile phone offer.

However, you may not have been able to grab it due to budget issues. Even during festivals when there are mobile phones, and laptop offers galore, you can’t then avail such deals due to monetary problems.

During such time, you may have thought of buying your favourite smartphone at least some day. You may also have considered of credit card holders being fortunate enough to buy everything on EMIs.

They are not concerned about budget issues as they need to pay EMIs per month. Hence, even managing other expenses in life is not such difficult for them.

Are you earning well and have maintained an excellent repayment history? Then, you can buy a mobile on EMI without credit cards. Can’t you believe what you just went through? Yes, you read that absolutely correct! You can now buy a phone on EMI without credit card and other products.

You can do that as leading financial institutions such as Bajaj Finserv EMI Network are now offering consumer durable loan. The consumer durable loan is available to buy multiple items such as smartphones, laptops, and more on EMI. If you want to know more about its benefits and how to shop at EMI, then continue reading!

What is a consumer durable loan?

A consumer durable loan is a unique funding facility. It is a loan limit which is assigned to eligible salaried individuals with a regular income and repayment capacity. A consumer durable loan is offered to shop for various household items.

Based on your eligibility, you can get a loan amount ranging as high as up to Rs.4 lakh from Bajaj Finserv EMI Network.

You can simply use this facility to divide the cost of your purchase into affordable EMIs. Hence, you can fulfil your wish of having your laptop on EMI without credit card and many more products.

The Bajaj Finserv EMI Network provides one of the most popular consumer durable loan facilities in India. To buy your phone on EMI without credit card and other items, you will need to use your Bajaj Finserv EMI Network Card.

What is Bajaj Finserv EMI Network?

The Bajaj Finserv EMI Network is a payment service. You get a loan limit as per your eligibility. Hence, you can shop for your preferred products over a tenor and pay in easy EMIs.

There are no hidden charges as you only need to pay an exact EMI amount of a product and nothing extra. Hence, compared with other payment options, you also end up saving money.

Bajaj Finserv EMI Network benefits

  1. A loan limit up to Rs.4 lakh

The lender lets you grab up to Rs.4 lakh loan limit. Therefore, you can use the approved loan limit to shop for electronics, appliances, groceries and more. You can use the facility at over 60,000+ local partner stores in 1300+ cities on the Bajaj Finserv EMI Network.

  1. Repay in flexible tenor

You can also divide the entire cost of your purchases mobiles, laptops and other goods into an easy EMI of 3, 6, 9, 12, 18 and 24 months. Hence, you can pay as per your needs and never stress about the repayments.

  1. EMI Card facility

You also get the facility of the Bajaj Finserv EMI Network Card to buy everything that you need. You can swipe the card at a partner store and shop at EMIs.

  1. Minimal processing fees and down payment

Most of the products bought on the Bajaj Finserv EMI Network have minimal or no processing fee and down payment. You can manage your shopping by converting the cost into a tenor and pay in easy EMIs.

Let’s provide you with an example to clear your doubt on how the EMI without credit card works.

Example – Suppose the cost of your mobile phone that you wish to buy is Rs.12,000 and you want to opt for a tenor of 12 months on it. Hence, you will now need to pay Rs.1,000 x 12 months to repay the utilized consumer durable loan limit.

You only need to pay Rs.1,000 for the next 12 months and nothing extra. Thus, when you are being able to pay nothing additional, you can surely pocket savings.

How to shop for a phone on EMI without credit cards?

You can follow the following points to shop without credit cards across the Bajaj Finserv EMI Network:

  1. Walk into one of the 60,000+ local partner outlets in 1300+ cities of India across the Bajaj Finserv EMI Network

  2. Select your favourite mobile phone and swipe the Bajaj Finserv EMI Network Card just like your credit or debit card

  3. Walk out with your item. You have successfully purchased your phone or laptop on EMI without credit cards

What if you don’t have the Bajaj Finserv EMI Network Card?

Even if you don’t have the Bajaj Finserv EMI Network Card, you can still shop for your favourite products on easy EMIs without credit cards. Here are some steps that you can follow:

  1. Walk into any of the local stores in your city across the Bajaj Finserv EMI Network

  2. Select your desired products and submit your KYC documents along with a cancelled cheque at the counter

  3. If you are eligible, you will get instant approval for a loan limit. This way, you may start shopping without the Bajaj Finserv EMI Network Card.

Not just mobile phones and laptops, you can also shop across the Bajaj Finserv EMI Network to buy more than 1 million other useful items. You can now join 1 crore+ members on the Bajaj Finserv EMI Network to shop at easy EMIs.

Bajaj Finserv also offers pre-approved deals on EMI finance, home loans, personal loans, business loans and other products. Such deals can help you ease off the loan processes and make it fast.

To check out your pre-approved loan offers today, you can share some of your basic details such as name your name and mobile number.