Steps to Buy Mobile on EMI with Debit Card

How to buy mobile phones on EMI with your Debit Card?

Have you been wanting to buy your favourite phone for some time now? If you have been holding it off, you don’t have to anymore!

Buying a phone can be very expensive but purchasing a phone on EMI’s or Equated Monthly Instalments is the best option. With this, you can spread the cost over a longer period of time, for example, six months to one year.

You don’t necessarily need a Credit Card in order to avail the EMI Facility. You can shop for a wide range of products from your mobile phone and other electronic gadgets to furniture, apparels, and more easily and conveniently.

If you do not have a Credit Card, or if you are facing financial problems, you can opt for purchasing your phone on EMI’s through Debit Cards. This requires no extra documentation, and there will be no fee charged for processing.

Also, you will also be charged lesser than the usual Credit Card charges if you make your payments using a Debit Card.

How to buy a mobile on EMI with a Debit Card?

To buy a phone on EMI with a Debit Card, all you need to do is:

  • Purchase your phone at your bank partner outlet, e. electronic outlets for which your bank has provided an additional facility.
  • If you haven’t already completed your KYC or Know your Customer Procedure, sign up and upload the documents for the same.
  • Make the first down payment.

With HDFC Bank, you can easily purchase your phone in easy instalments on your Debit Card. All you need to do is ask the billing counter for the payment processing to be done accordingly. While making the payment, you can specify that you wish to make the EMI Payments through your Debit Card, and it will be done. You can read more about how to pay EMI on Debit Card here.

 However, this facility is available only on select Debit Cards at an interest rate of 15% p.a. Do check if you are eligible.

Existing HDFC Bank customers can get their Debit Card reissued within minutes here. New customers can get a new Debit Card through opening a new Savings Account while experiencing hassle-free banking with HDFC Bank.

Looking to apply for a Debit Card, click here to get started.                     

* Terms & conditions apply. Debit Card approvals are at sole discretion of HDFC Bank Ltd