Buying a Smartphone in India on a Rs 40,000 Budget: How No-cost EMIs Can Help
The smartphone of today packs as much power as a computer from a decade ago. These devices help people to communicate in so many ways. You can still call and SMS, but also communicate via email, chat, and a host of other applications. You play games on smartphones, surf the web, find entertainment, and so much more. That is why, if you have the money, buying a powerful smartphone is the best option. But these devices do not come cheap. Prices for the top 10 smartphones can easily go up to Rs 50,000 or above.
But there are ways to keep your costs down. One way is to wait for the latest phone to become outdated. A case in point is the Apple iPhone 5S. It is now available at just above Rs 20,000.
Yet, most of the other options are much pricier. A 16 GB iPhone 6 will set you back by nearly Rs 40,000. Obviously, paying cash for these higher-end smartphones is not always feasible. That is where equated monthly instalments (EMIs) come in.
Smartphones 2016: Benefits of EMI Payments
If you plan to buy a smartphone in India today, consider the EMI payment option. It allows you to afford big buys (like the iPhone 6 Plus on your wish-list). It gives you flexibility. That is, you choose the EMI amount and duration that works best for you. It is easy on the wallet because the amount payable every month is fixed.
Smartphones 2016: Why no-cost EMIs are Better
For all the convenience of EMIs, they have their disadvantages. For starters, you have to pay interest on EMI schemes. Plus, many lenders charge a processing fee.
That is why no-cost EMIs from Bajaj Finserv offer such an unbelievable benefit. Here, the buyer pays for the product and nothing more. There are no interest charges or other hidden fees waiting to inflate your costs.
If you want to try this out, Bajaj Finserv’s EMI card offers several no-cost EMI plans on smartphones bought over at Flipkart and Amazon.
Best buy: Smartphones on no-cost EMIs
Flipkart’s ‘The Big Billion Days’ and Amazon’s ‘Great Indian Festival’ is next week. So, here is a quick look at smartphones priced below Rs 40,000 that come under the no-cost EMI scheme. You can buy these with the Bajaj Finserv EMI card.
- Apple iPhone 5s
- Apple iPhone 6
- Apple iPhone 6 Plus (Space Grey, 16 GB)
- Apple iPhone SE (Space Grey, 16 GB)
- Huawei P9
- Nexus 5x
- Asus Zenfone 3
- Nextbit Robin
And if you feel rich enough to cross your budget, there is also:
- LG G5
Using an EMI Card for a Better Shopping Experience
Bajaj Finserv’s EMI card works like a pre-approved loan. If you ever find yourself eyeing a product at the EMI card’s partner outlet, just swipe the card. Shopping online? Then just fill in the card details. Loan approval happens in a matter of minutes.
The EMI card is great for buying a smartphone in India today. You avoid the never-ending interest charges on a credit card. And you need not bear the high interest burden of most personal loans. There are no foreclosure charges either. So, as and when you have the surplus cash, feel free to close the loan. Then move on to your next shopping spree!
Read More to Know about No-cost EMI Offer on Top 10 smartphone below 50,000