Saturday, 5 November 2016

How to Buy Durable Goods on EMI without Credit Card

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Many a times, when I get to know that a new gadget is about to launch like latest model of Apple iphone, then I take a sign and wish I could buy all the stuff that I want to. But frankly saying, most of us, financially unable to afford our desires cost. I remember, when I was studying I tried to own a credit card to buy things on EMI (Equated Monthly Installment) but my bank account’s credit history ruined my desire to own a credit card. I used to feel deprived from all the things that I wanted to own but with time, I got many of them. However, humans have endless desires so of course! Mine too.

Okay. Flatly saying, I had searched on internet countless times that “Is there any way to buy electronic goods such as mobile, laptop, LED TV etc, on EMI without having credit card?” But unfortunately, I could not have found any such way. Yes, you can buy some electronic items on EMI from local finance agencies but they apply unreasonable interest rates.
Buy laptop, mobile, LED TV on EMI without credit card
In this post, I’m delighted to inform you that now you can fulfill your wishes of buying durable goods on EMI without owning credit card. Nowadays, many financial institutions are offering durable finance without any type of interest rates (with nominal processing charges) to lift up your lifestyle and let you live your dreams. To provide interest free durable finance to customers and to enhance sales by targeting needy customers, renowned manufacturing companies have tied up with some financial institutions. For that purpose, manufacturers bear annualized rate of interest or share margins with its counterparts.
From the past few months, durable finance has been gaining popularity because some e-shopping websites are also allowing customers to buy things through such sources.

How to buy things on EMI without credit card

In the following post, we’re going to show you how to apply durable goods loan. In the following demonstration, we have selected Bajaj Finserv durable finance because currently this company is evolving very rapidly in this finance segment but as I mentioned above, many finance companies offer consumer durable finance, therefore, you can also look for other options on your own wish.
Disclaimer: We are not associated with following company. We have written this post just to make you aware that many companies are offering durable finance. We do not hold any responsibility or liability in case of any type of dispute.
Bajaj Finserv is a renowned Indian financial services company and it has started financing durable goods to hike up lifestyle of many lives. It offers durable loan up to 5 Lakh for consumer products such as LED TV, AC, Refrigerator, Smartphone, Laptop/Desktop, and the like. It has made loan process as easy as it can be. Anyone (employed, self-employed, or businessman) can avail this facility by providing few documents such as identity proof, income proof, and residence proof.
Processing Charges:
  • For Panels (LED/LEC/Plasma): RS. 649
  • For Appliances (Refrigerator/AC/the like): RS. 549
  • Digital (Mobile Phones/Tablets): RS. 749
Please visit Bajaj Finserv official website to know more about eligibility, documents required, and processing charges.

How to apply for Bajaj Finserv Durable Finance

You can visit any outlet from where you want to purchase an electronic item and ask them if they have tied up with Bajaj Finserv; almost all renowned outlets offer finance facility.
You can also apply through an online application. To do so, visit official website of the company and find ‘apply for durable finance’ link.
You can also apply for the loan through Bajaj Finserv smartphone application. To do so, follow the steps given below:
  • Visit your phone’s app store. Then, find and install Bajaj Finserv app.
  • Tap on open and grant permissions; if you agree, and then select an option for your details. In this tutorial, I’ve selected ‘Enter manually’. 

Apply for Durable Goods Finance

  • In the next step, tap on employment type and select one; either salaried or self employed.
  • Enter your name, date of birth, mobile number email id, and then tap on product ‘you are looking for’ and select a product. Pan card column is optional; nevertheless, you can enter it. Subsequently, tap on continue.
  • In the next page, you will be asked to enter your address details. After entering everything, click on continue link.
  • If you own a credit card, then enter its details or simply tap on skip.
  • Confirm your address details and tap on the box next to I accept term & conditions then hit apply button.
Apply for Durable Finance
That’s it. In the next page, you will see your application status along with reference id. You will also receive an SMS on your mobile number from the company.
You will receive your loan approval or refusal details on your mobile number and email.


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