Benefits of purchasing smartphones on EMI!

Want to get your hands on the latest Apple iPhone or most recent Samsung Galaxy smartphone? Get online and make your dream come true by purchasing your favourite smartphone on easy EMIs.

In addition to making it easy to buy the smartphone that you want, purchasing a mobile on EMI comes with its own set of different benefits. Let’s take a quick look at a few of them.  

1. You don’t have to pay the entire amount or make any down payment

Although this may be obvious, it is one of the biggest benefits of purchasing a smartphone on EMI. Irrespective of how expensive a smartphone is, you can purchase it without paying the entire amount or making any down payments. All that you have to do is choose the tenure and you’re set.

2. You get the option to purchase a smartphone on no cost EMI

Sometimes, online marketplaces like Amazon offer smartphones and other electronics at no cost EMI. Thanks to this feature, you can purchase a mobile on EMI at virtually interest free instalments with no additional fees or other hidden charges involved.

Imagine being able to purchase a Rs. 24,000 smartphoneon a monthly EMI of Rs. 4,000 for a period of 6 months. Here, you’re essentially only paying the cost of the smartphone over a period of 6 months. This is what No Cost EMI is all about.

That said, No Cost EMI is not technically interest-free though. The interest portion on the EMI is basically offered as a discount by the online marketplace, allowing you to purchase the phone at its original cost without any extra cost added onto it.

3. You can pre close your EMI

This is another major benefit that you get by purchasing smartphones on EMI. For instance, if you have extra income or have received any windfall gains, you can use it to pre-close your EMI by paying the outstanding amount after a certain point in time. This way, you can not only get rid of your liability much quicker, but can also save on interest payments as well.

4. You get to create credit history

By purchasing a mobile on EMI and continuing to repay each and every monthly instalment on time within the due date, you create a good credit history. Paying EMIs regularly on time can also increase your credit score. The combination of a good credit score and a long credit history makes it easy to avail loans in the future.  


These are just a few of the many benefits that you get to enjoy by purchasing smartphones on EMI. Don’t have a credit card? Don’t worry. You can still purchase a mobile on EMI with a Bajaj Finserv EMI card. Visit Bajaj MARKETS right now to apply for a Bajaj Finserv EMI card online. Now that you’ve seen them, go ahead and make your dream of owning the latest smartphone come true.

Shivam Bangwal

Shivam Bangwal is an India-based Entrepreneur. He is the Founder of Successful Startups like Youthistaan, People News Chronicle, Hitchhike TV & Branding Panther. Shivam has done his Master's in Computer Applications.

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