Laptops have become essential equipment for everyone, be it school students or office goers. They provide the flexibility and freedom to work on critical jobs wherever and whenever, but they also provide entertainment. With the advancement of technology, advanced laptops with reliable features are now available, but they may be costly. As a result, one may have to wait a while to get them or spend their entire revenue. Thankfully, buying a laptop on EMI has made it easier to get a decent laptop, especially if you don’t have a ton of capital. Even if you don’t have a credit card, plenty of reputable laptop financing solutions are available. We’ve discussed some of the options for buying a laptop on EMI without using a credit card in this blog.
EMI on Debit card
EMIs, or Equal Monthly Instalments, are no longer primarily connected with loans or credit cards. Many banks have banded together to provide debit card EMIs to their consumers.
Customers may use their debit cards to convert high-value purchases into manageable, bite-sized payments with this innovative EMI payment mechanism. Customers who buy laptops on EMI from well-known companies like Apple, Dell, Samsung, and others may get their hands on high-quality computers without paying upfront. It is also worth considering because it allows for a quick check of eligibility and spectacular discount offers from banks to debit cardholders. Customers can also prefer buying other electronic items such as EMI mobile phone, refrigerators, televisions, etc.
Benefits
- Quick eligibility check and hassle-free process.
- More accessible to avail loans on debit cards as compared to credit cards.
- Amazing offers are available to customers.
Buy now, Pay Later
Buy Now, Pay Later (BNPL) is short-term financing that allows customers to buy purchases and pay for them later, generally without incurring interest. Customers may purchase things and pay for them over various terms, ranging from 3 months to numerous years, based on the supplier, enhancing the consumer knowledge and making it seamless. They can get their thing even if they don’t pay in full. Interest-free installments are available, and sign-up is significantly quicker than credit cards.
Benefits
- Customers can pay the due amount later at their feasibility.
- It provides the convenience to customers to make purchases even without having handy credit.
- The plan is versatile and adaptable, providing customers with an enhanced shopping experience.
Durable Loans
Customers may buy laptops on EMIs through various financing organizations that offer durable consumer loans. These durable loans are a great financing option for buying heavy pocket goods such as refrigerators, t.v., fridges, and so on. Therefore, customers may browse for their preferred laptop at the partner store and apply for a loan at the cash register. The most incredible thing about this system is how little documentation it requires. It’s simple to approve if the paperwork is determined to be in order, and then they receive their dream laptop.
Benefits
- Consumer durable loan interest rates are low.
- Customers can get fantastic deals depending on the bank.
- If customers pay using a credit card, the issuing bank may allow splitting the payment into EMIs at a reasonable interest rate.
Benefits of buying a Laptop on EMI
Some of the advantages of buying a laptop on EMIs are listed below.
- It provides clients with various options, including the newest laptops.
- Customers have the option of purchasing laptops with faster processing speeds.
- Customers who choose the EMI plan can choose laptops with cutting-edge technologies like fingerprint readers and face recognition.
- Because the interest rate on these EMIs is 0%, clients incur no further charges beyond the initial purchase price.
- The documentation needed to apply for a durable consumer loan consists simply of basic KYC information.
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