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Tips to Buy a Mobile Phone on EMI Without a Credit Card

Don’t have a credit card, but wondering how to buy the latest EMI phone? There are multiple ways you can buy a mobile phone without owning a credit card. In this article, we will look at a few ways you can get your hands on the latest smartphones even without a credit card.

So, without further ado, let’s look at a few of the best options to make you smart enough to get that smartphone.

EMI Cards

EMI cards allow you to buy consumer durables on easy EMI phone  options without burning a hole in your pocket. Multiple lenders offer such cards that you can use to shop for multiple items as long as you don’t exceed the credit line. Moreover, most of the time, you don’t need to make a down payment and can repay without paying anything extra if you opt for a zero-interest plan.

UPI Credit Lines

Many fintech startups offer a UPI line of credit allowing you to buy now pay later options. You can get a credit line based on your credit score, so in case your credit score is great, expect to get a higher credit line using which you can buy smartphones, laptops, and any other gadgets that you fancy.

Buy Now Pay Later Apps

Buy now pay later apps give you an interest-free period to shop for smartphones online or offline by scanning a QR code scanner to make a payment. Depending on your credit line, you can pick up any smartphone of your choice and enjoy an interest-free period that can range from anywhere between 15-45 days. Moreover, in case the product is of a higher value, you can also convert the purchase into EMI’s so that you don’t have to pay at one go once the interest-free period is over.

Now you know about a few of the most popular options that you can use if you don’t have a credit card. Let’s look at a few tips to help you make the best of such options!

Zero Down Payment Schemes

Opt for zero-down payment schemes if you don’t want to make an initial payment when buying a smartphone. These types of schemes are designed to attract consumers who either don’t want to spend a bomb on the down payment or don’t have extra cash to spare. It’s a very lucrative scheme for the modern-day consumer as you can pick up almost any phone of any value by just filling up a few KYC details and running a credit check. It’s one of the best schemes out there.

Zero Interest Schemes

This is again a great scheme if you don’t want to spend more than the actual cost of the phone. Even though you may or may not get the options of a zero-down payment; the great thing about this plan is that you only end up paying the actual cost of the mobile phone and don’t have to bear any extra charges in interest rates, which can be as high as twice the actual price of the phone.

Compare Lenders 

Today’s market is full of multiple players when it comes to taking credit; therefore, it’s important to compare various lenders before you choose one. Check the benefits that each one of them is offering on whether there is a zero down payment option or a zero-interest scheme available. Many of them even tend to offer both at the same time, so it’s best to go in for a provider who offers both the schemes.

So, now that you know how to get the phone without a credit card, it’s time to grab that shiny new smartphone right away!


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