Mobile on EMI

When you buy a Mobile on EMI, you stand to benefit in more ways than one. Here are some of the many advantages of buying a smartphone using this scheme from Loan Pe Phone.

Distributed financial burden

With our BNPL buy-now-and-pay-later system, you can effectively minimize your immediate financial burden. By distributing the cost of a purchase across a convenient repayment tenure, Loan Pe Phone help you pay back the principal in small and comfortable amounts.

latest versions of smartphones

Owing to the easy EMIs available, you can purchase a better version of the smartphones you’re interested in. Since there’s no pressing obligation to pay the entire amount upfront, you can afford to expand your budget and invest in a smartphone from a higher price band.

Instant approval

Loan Pe Phone come with another advantage – instant approval. You no longer need to wait around for several days for the loan approval to come through. Our on-the-spot approvals enable you to begin your shopping spree anytime, anywhere. The process of application is also incredibly easy and straightforward.

0% interest rate

Another advantage that accompanies Loan Pe Phone EMI mobile plans is that you get to spread the cost of your purchases across EMIs that come with 0% interest rate charges. This effectively means you only pay the cost of the product, and not a penny more. Loan Pe Phone also doesn’t levy any security deposits or additional fees.

Minimum documentation

Buying a smartphone on EMIs with Loan Pe Phone is a simple process, wherein you are not burdened with excessive documentation requests. Only primary details and basic KYC documents are required for loan approval.

Eligibility criteria for getting a mobile on EMI

To be eligible for a Loan Pe Phone  to buy mobiles on EMI from Loan Pe Phone, you need to fulfill certain preset criteria. Salaried individuals must be between 21 and 60 years of age, while self-employed applicants must be aged between 21 and 65 years.

Additionally, irrespective of whether you are salaried or self-employed, the repayment tenure can range from 6 months to 24 months, and the loan amount can be as low as Rs. 10,000 or as high as Rs. 5 lakhs.