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How to Purchase a Laptop Via EMI Without a Credit Card

Laptops are no longer exclusive devices for executive professionals. With the digital medium taking the world by storm, they have become everyday commodities. People in almost all professions, and most importantly, students, must survive in this fast-moving world of the 21st century. However, with skyrocketing demand and increasing features, laptop prices are nowhere near low. So, what’s the easiest way to purchase a laptop without having to sweat over the cost? Payment on EMI is the best option for you if you want to pay without a credit card.

Why Would You Buy Your Laptop On EMI?

There are multiple benefits of buying a laptop on EMI that include:

Savings: By purchasing your laptop on EMI, you will be saving yourself the pressure of a one-time bulk payment. You can pay off the entire cost in fragments by spending a certain portion of your monthly income on the EMI.

Flexible Duration: You can choose for yourself the period for the downpayment. It can range anywhere from 6 to 36 months. Therefore, you can decide how much to pay and for how long.

Flexible Installments: You can pick the installments that suit you according to what you are willing to pay. This will help you avoid making the EMI repayment into another fiscal headache.

EMI Loans

If you feel like you need financial help to support you through the period of EMI down payment, EMI loans have got you covered. With multiple loan options available on the market, you have various ranges to choose from according to your preference and monetary situation. The interest rates are usually pretty low, so you don’t have to stress over repayment.

EMI Cards: An EMI Card is a pre-approved system of loans. You can turn all your purchases into automatic EMI purchases. Here too, you are free to choose the payment period and amount. Feeling sure you can pay all the money in advance of the determined period? You can do that without having to worry about additional charges or penalties.

Regular EMI Loans: In the case of regular EMI loans, all you need to do is apply for the loan at the billing counter if you buy a laptop from a physical store. Just apply for it during the payment gateway if you buy it online. You can select your preferred EMI deal depending on the amount you can spend each month. Most online portals and banks have various EMI schemes for buying laptops. Hence, make sure you choose accordingly. 

Necessary Documents: You need to have certain verified documents to submit for EMI loans. These documents include your photograph, address proof, photo identity proof, salary proof, and job continuity proof. If you miss out on any of these documents or any of these documents turn out to be false or forges, you not only get denied the loan, but there are bound to be severe legal consequences as well. However, most banks have reduced the number of documents one must submit to get a loan. Thus, you may not require all the documents mentioned above. It would be best to opt for a loan scheme that requires minimum documentation. You might not have all the documents handy, and hence, such loans are easier to get sanctioned. 

Debit Card: In today’s episode of how technology has made life easier for you, you can now choose to pay through EMI with your debit card only. You just need to swipe it through the pos billing machine, select the EMI option, and voila! You are good to go. Various online lenders will help you convert your purchase to an EMI payment if you are shopping online.

In Conclusion 

So what are you waiting for? Choose from the easiest options open to you and get yourself your dream laptop without having to fear losing an arm and a leg by taking advantage of the EMI system. With the latest EMI options, without a credit card, purchasing a laptop has become easier than ever. Thus, you do not need to dig a hole in your pocket to get your desired device. You can simply purchase it on credit and pay for it at your leisure.

Red Note: 30 September 2022

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