Advantage of Buying a Mobile Phone on EMI

Getting a new mobile phone is always an exciting proposition, and most of us want to get our hands on the latest smartphones in the market. However, the cost of the latest flagships has constantly been going up, and most of the time it’s not possible to keep upgrading to the latest ones now and then. That is when an EMI option comes in handy. 

In this article, we are going to look at the advantages of buying an EMI mobile phone

Save Money 

One of the greatest benefits of buying a phone on EMI is that it allows you to save a lot of money. You can opt for one of the zero down payments of zero interest charges schemes made available through various lenders. Using these schemes, you can get a phone without making a down payment or paying extra charges in interest. It’s best for people who don’t have extra funds to spare or don’t want to spend a bomb on interest charges. So, go in for these schemes to save big! 

Easy Repayment

The repayment schemes are designed to let you pay off the EMI easily without feeling a pinch if you choose a plan according to how much you can pay every month and the duration of the plan. This way, you will have plenty of time to pay off the EMI without stressing it out every time you buy or upgrade to a new smartphone. 

Online or Offline Purchase

EMI options are available both online and offline, so you are sure to get the best possible rates. Check across local mobile stores and various online sites to find out what schemes are available. Though online stores tend to offer a lot of discounts; hitting a few local mobile shops is likely to return better rates. Whatever the case might be, it’s best to explore both options before buying a mobile phone if you want to benefit from the best that EMI schemes have to offer. 

Benefit from Lender Competition

There is a lot of competition in the market these days across various lenders trying to woo customers to opt for their plans via pos login to create your customer profile. Therefore, it’s obvious that everyone is up in arms with customer-centric plans that are designed to offer the best interest charges, down payment options, repayment period, etc. As consumers, we never had such a market before where we have so many options to choose from and benefit from. Therefore, now is the time to benefit from lender competition by comparing and then choosing a plan that you think suits your repaying capacity and the period that you wish for your EMI repayment period to end. 

Current EMI schemes are designed to promote impulse buying from customers by offering lucrative schemes that entice you to pick up the latest gadgets. However, if you are smart about it and use the schemes to your advantage without falling for impulse buying without doing proper research about who’s offering what, you will have a lot to gain. 

So, be smart and make informed choices and you will have a lot to gain by opting for an EMI scheme rather than paying upfront when buying your next handset!