Are you looking to purchase a new smartphone, but dont have the budget to buy it upfront? If youre like many of us, the thought of being able to buy a smartphone on EMI can be quite appealing.
In this step-by-step guide, well show you how to buy a smartphone on EMI, including what EMI is, the benefits of buying on EMI, how to find an online store that offers EMI, how to select the model you want to purchase, how to check your eligibility for EMI, how to provide payment details, and finally, the delivery and setup.
Read on to find out more!.
Table of Contents
Short Answer
Buying a smartphone on EMI is simple and easy.
You can purchase a smartphone on EMI from online retail stores like Amazon or Flipkart, or from a brick-and-mortar store.
You can choose from a variety of payment options offered by the store, such as credit or debit cards, or through EMI providers like Bajaj Finserv or HDFC Bank.
Most stores also offer discounts and cashback on EMI purchases.
Before you make the purchase, make sure you read the terms and conditions of the store carefully.
What is EMI?
EMI, or Equated Monthly Installment, is a type of payment plan that allows customers to make purchases without having to pay the full amount upfront.
It is a convenient way to purchase expensive items such as smartphones, laptops, and other electronics.
With EMI, the buyer pays the cost of the item in installments spread over a fixed period of time.
This allows people to own items that may be out of their budget at a lower cost.
Additionally, most online stores that offer this payment option provide zero-interest EMI as well as other incentives such as cashback or discounts.
Therefore, EMI is an attractive option for those who are looking for an easier way to purchase items.
Benefits of Buying a Smartphone on EMI
Buying a smartphone on EMI has become increasingly popular in recent years, as it offers a great way to get the latest model without having to pay the full amount upfront.
There are several benefits to this purchase method, including convenience, affordability, and flexibility.
The most obvious benefit of buying a smartphone on EMI is convenience.
Rather than having to pay the entire amount upfront, you can spread out the cost into more manageable payments over a period of time.
This makes it much easier to afford a smartphone, as you can adjust the payment plan to suit your budget.
Another benefit of buying a smartphone on EMI is affordability.
By paying for your device in installments, you can often get a better deal than if you were to pay the full amount upfront.
This is because online stores often offer discounts for those who purchase on EMI, allowing you to get the latest model for a much lower price.
Finally, buying a smartphone on EMI also offers more flexibility.
You can often adjust the payment plan to suit your budget, as well as choose from a range of payment methods.
This means you can make payments in the way that works best for you, without having to worry about the full amount upfront.
All in all, buying a smartphone on EMI can be a great way to get the latest model without having to make a large upfront payment.
It offers convenience, affordability, and flexibility, making it an attractive option for those looking to purchase a new smartphone.
Finding an Online Store that Offers EMI
When it comes to buying a smartphone on EMI, the first step is to find an online store that offers the option.
The best way to do this is to search for EMI or buy now pay later options on a major search engine such as Google.
This will bring up a list of online stores that offer EMI.
You can also look for stores that advertise the EMI option on their website or in their advertising campaigns.
Many retailers such as Flipkart and Amazon also offer EMI options.
Before choosing an online store, it is important to compare the interest rates, processing fees, and other charges associated with EMI purchases.
Most stores will display these charges upfront, so you can compare them easily.
You should also read the terms and conditions of the store in order to make sure you understand any extra costs or restrictions associated with EMI purchases.
Additionally, make sure the store has a secure payment gateway in order to protect your financial information.
Once you have found a store that meets your needs, you can proceed to the next step.
Selecting the Model You Want to Purchase
When it comes to selecting the model of smartphone that you want to purchase on EMI, its important to do your research.
There are a lot of different models out there, and it can be overwhelming to try and decide which one is best for you.
To make the process easier, try to narrow down your choices by considering factors such as your budget, the features you need, and the overall design that you prefer.
You should also read reviews from reliable sources, such as tech blogs and consumer reviews, to make sure that youre getting the highest quality product for the best price.
Once youve narrowed down your choices, compare the models side-by-side to see which one is the best fit.
And dont forget to factor in the cost of accessories such as cases and screen protectors, as well as any extended warranties that might be offered.
Checking Your Eligibility for EMI
Before you can purchase a smartphone on EMI, you need to make sure that you are eligible for the EMI option.
This will involve providing basic information such as your name, address, and contact details.
This information will be used to check your eligibility for EMI.
Online stores will typically ask for personal information such as your name, address, and contact details.
This is necessary to check if you are eligible for EMI.
Additionally, some online stores may also require you to provide additional information such as your income, profession, and credit score.
This is necessary to ensure that you can make the monthly payments for the EMI option.
The eligibility criteria may vary from one online store to another.
Therefore, it is important to make sure that you meet the eligibility criteria of the online store before you proceed to purchase a smartphone on EMI.
It is also important to note that the eligibility criteria for EMI is based on your credit score.
Therefore, it is essential to have a good credit score if you want to be eligible for EMI.
If your credit score is not good enough, you may not be able to purchase a smartphone on EMI.
If you are unsure of your eligibility for EMI, you can contact the customer service team of the online store or the bank that is offering the EMI option.
They will be able to provide you with more information on eligibility requirements and help you decide if you are eligible for EMI.
Providing Payment Details
When it comes time to buy a smartphone on EMI, providing your payment details is the last step in the process.
For those unfamiliar with the term, EMI stands for Equated Monthly Installment and it is an option that allows you to purchase a smartphone without having to pay the full amount upfront.
When it comes to providing your payment details, you will need to provide either your debit card or credit card information.
This information is used to process the payment for the smartphone and allows the online store to verify your eligibility for the EMI option.
It is important to note that this information is securely stored and not shared with anyone else.
Once the payment is processed, the online store will send you a confirmation email, and your smartphone will be delivered to your doorstep.
Once you have received it, you will need to make sure that you make your monthly payments on time in order to avoid any late payment fees.
Overall, providing your payment details is a necessary step in order to purchase a smartphone on EMI.
It is important to make sure that you provide accurate and up-to-date information in order to ensure that your payment is processed correctly and that you are eligible for the EMI option.
Delivery and Setup
Once the payment is processed, your smartphone will be delivered to your doorstep.
Depending on the online store you choose to purchase from, delivery times may vary.
Usually, you can expect to receive your phone within 1-2 business days, but it may take longer depending on the store.
Upon delivery, you should check the box to ensure the phone is in good condition.
If any damage is present, you should contact the store immediately.
Once you have the phone, you will need to set it up.
This involves connecting the phone to a power source, setting up the Wi-Fi, and turning on the device.
You may also need to enter your Google account information and sync your contacts.
This process can vary depending on the type of phone you have, so you may need to refer to the user manual or contact customer service for assistance.
Finally, you should familiarize yourself with the phones features.
Most smartphones come with a variety of apps and options that you can explore.
You can also change the settings to adjust the brightness and volume or customize the home screen.
Taking the time to understand the phones features can help you get the most out of your new device.
Final Thoughts
Buying a smartphone on EMI is a great option for those who dont have the money to pay for a phone upfront.
With the easy step-by-step guide provided, you can now purchase your dream device without having to worry about the full cost.
All you need to do is find an online store that offers the EMI option, select the model you want, provide basic information to check your eligibility, and provide payment details.
Once the payment is processed, your smartphone will be delivered right to your doorstep.
So, what are you waiting for? Get shopping and start enjoying your new device!.