How to buy a phone on emi with debit card.
Think about online shopping app
Not only you, many people think, how can we buy phones online with the help of EMI. Let we know some things about this. For example, let us take India’s most favorite online shopping app Flipkart.
Not only Flipkart, you can go to any online shopping app or website on which online EMI is available. But you also have to pay attention to whether you have EMI debit card facility or not. Don’t take stress many websites or stores offer EMI facilities for debit card transactions.
Check EMI Availability
Now, Visit the website or online shopping app where you want to buy the phone and look for EMI options available for debit card payments. If it is available then you can buy it easily.
Search on your favourite Shopping App
Now we open the Flipkart app. Now we have to search which phone we want. Now let us take this mobile for example. Vivo T2x 5g black 128 gb. This is a new 5G mobile with new features. Due to some reasons, debit card EMI facility may not be available. Now let us take example with EMI facility of credit card, it is quite similar.
Before process remember.
Make sure you are eligible for EMI transactions with your debit card. Some banks may have specific criteria for EMI payments using a debit card. An image is given below, you have to click on the details.
Image Source Screenshot flipkart App
Check EMI Interest
Now you can easily see how much interest is there in which bank and how much EMI is there. Now you have to click on the method pay with EMI . After that you will see the page – continue with EMI. Now select the bank from which you want to take debit card EMI.You can see the image given below for example.
You can easily know how much EMI is available in which bank. Axis Bank Credit Card for example. Now you can see in the images, how much interest is there for how many months. Select any plan as per your needed.
Complete Your transactions
Next Step, Take out your Axis Bank credit card from your pocket and enter the debit card and credit card details. Just after that you have to place order.Terms , Authorize the payment using your debit card and complete the transaction. You have to pay attention to some thoughts before buying. Read more How to buy a phone on emi with debit card.
How to buy a phone on emi with debit card some remember things
You have to pay attention to some things before buying.
- Sign any necessary EMI agreement or document if required by the seller or the bank.
- Once the transaction is completed, the EMI process will begin, and the EMI amount will be deducted from your account monthly as per your chosen EMI plan.
- Check the terms and conditions, interest rates, and any additional charges associated with the EMI transaction before making the purchase.
- You will have to pay a lot of attention to the processing fees associated with the EMI option for your debit card or credit card .
- Payment schedule is very important, on the date on which the bank will deduct money from your bank account, you will have to have the same balance as you had taken the EMI premium.
- You have to see the bank statement to see how much interest amount has been deducted. If anything is wrong then you can immediately contact the bank.
- Must be maintained sufficient balance. Ensure that you maintain enough balance in your account to cover the EMI deductions each month. Failure to do so may lead to penalties or additional charges from your bank.
- Make sure you read and understand the terms and conditions of this “loan” EMI and fulfill any requirements set by your bank.
If you think about it, it is quite easy, it does not take any time.It can be very difficult for you, if you have not read each and every terms and conditions carefully.
Read more blog – How to buy premium Spotify.