Desperate to buy an expensive, brand new smartphone but do not have enough funds? Worry not! You can buy your desired phone on EMI with your HDFC Bank debit card. Many people have a misconception that an EMI facility can only be availed on a credit card. While in reality, you can shop a range of products including clothing, electronics, furniture, jewellery, and mobile devices in easily repayable EMIs using your HDFC debit card.
You need not delay your purchase or apply for a credit card if all you want to do is pay for your new phone in instalments. HDFC is providing EMI facility to its debit cardholders who have a fixed or recurring deposit with the bank. You can repay the amount of your purchase in a flexible tenure of 6 to 12 months.
To avail this facility, all you need to do is visit an HDFC bank partner store and shop for your product. At the specified billing kiosk, inform the staff of your willingness to purchase the product on EMI through your debit card, they will process your payment accordingly. The EMI will need to be paid on a reducing basis. Some of HDFC’s partner outlets are Sargam Electronics, Sangeetha Mobiles, and Vasanth & Co. amongst others.
Features And Advantages:
- No documentation required
- Up to 100% financing
- Quick loan processing
- No fee on processing
Few Additional Points To Be Noted:
- An interest rate of 15% will be charged on your loan amount for a tenure of 6 to 12 months. EMI financing charges will also apply.
- The EMI facility can be availed by only select and pre-approved debit cardholders. Contact the bank to know your eligibility.
- Compare the HDFC debit card EMI benefits with other available options. Certainly, the charges applicable would be lower than that of a credit card.
So what are you waiting for, visit your nearest HDFC partner store today and grab your favourite smartphone you were waiting to buy.