EMI, or equated monthly installment, is a popular way to buy expensive items, such as smartphones, without having to pay the full amount upfront. EMI allows you to spread the cost of the item over a period of months or years, making it more affordable.
Here are the top 5 smartphones that people buy using EMI in India:
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Apple iPhone 14 Pro Max
The iPhone 14 Pro Max is the greatest and latest iPhone from Apple. It features a new design with a punch-hole cutout for the front-facing camera, a powerful A16 Bionic chip, and a stunning triple-lens rear camera system.
Samsung Galaxy S23 Ultra
The Galaxy S23 Ultra is Samsung’s top-of-the-line flagship smartphone. It features a large and beautiful AMOLED display, a powerful Snapdragon 8 Gen 2 chip, and a versatile quad-lens rear camera system.
OnePlus 11 Pro
The OnePlus 11 Pro is the latest flagship smartphone from OnePlus. It features a sleek and stylish design, a powerful Snapdragon 8 Gen 2 chip, and a triple-lens rear camera system with Hasselblad branding.
Vivo X90 Pro
The Vivo X90 Pro is Vivo’s flagship smartphone for 2023. It features a new design with a curved display and a waterdrop cutout for the front-facing camera, a powerful Snapdragon 8 Gen 2 chip, and a quad-lens rear camera system with Zeiss branding.
Realme 10 Pro+ 5G
The Realme 10 Pro+ 5G is Realme’s flagship smartphone for 2023. It features a large and beautiful AMOLED display, a powerful MediaTek Dimensity 9200 chip, and a triple-lens rear camera system.
Why do people buy smartphones using EMI?
There are several reasons why people buy smartphones using EMI. Some of the most common reasons include:
- Affordability: EMI makes it possible to buy expensive smartphones without having to pay the full amount upfront. This is especially beneficial for people with limited incomes.
- Convenience: EMI is a convenient way to spread the cost of a smartphone over a period of months or years. This allows people to budget their finances more effectively.
- Flexibility: EMI offers a lot of flexibility in terms of repayment options. People can choose to repay their EMI over a period of 6 months, 12 months, 18 months, or even 24 months.
- Easy: Instant loans online make it easy to buy the top 5 smartphones that people buy using EMI.
How to buy a smartphone using EMI?
To buy mobile phones using EMI, you will need to have a credit card or a debit card. You can also use an EMI network card, such as the Bajaj Finserv Insta EMI Card.
Once you have a credit card, debit card, or EMI network card, you can follow these steps to buy a smartphone using EMI:
Go to a store that sells smartphones and select the smartphone that you want to buy.
- Tell the salesperson that you want to buy the smartphone on EMI.
- The salesperson will ask you for your credit card, debit card, or EMI network card details.
- The salesperson will then process your EMI transaction.
- Once the transaction is processed, you will be able to take the smartphone home with you.
Tips for buying a smartphone using EMI
Here are some tips for buying a smartphone using EMI:
Compare EMI offers from different banks and financial institutions. This will help you to get the best EMI deal.
Choose a repayment plan that is affordable for you. Make sure that the EMI payments do not strain your budget.
Read the terms and conditions of the EMI offer carefully before you sign any documents.
Make sure that you are aware of the interest rate and any other charges associated with the EMI offer.
Conclusion
Buying a smartphone using EMI is a convenient and affordable way to get the smartphone that you want. Just make sure to compare EMI offers from different banks and financial institutions, and choose a repayment plan that is affordable for you.
