Reviewed by: Fibe Research Team
Buying a high-end smartphone doesn’t always mean paying the full amount upfront. With EMI options, you can split the cost into smaller payments. This makes it easier to fit into your budget.
Whether it’s the latest flagship or a feature-packed mid-range phone, EMI for mobile phones makes it affordable. And it helps you avoid straining your savings.
And if you’re wondering what documents are required for EMI for mobile, the process is simple. You just need basic KYC documents like ID and address proof to get started.
Read on to learn more about this facility and its benefits.
Buying a phone on EMI is a simple process. Simply follow these steps to buy phone on EMI.
This step-by-step guide makes it easy to buy a phone on EMI without straining your finances.
Also Read: Buy an iPhone 15 on EMI
Before you decide to buy phone on EMI, consider these key features.
To qualify for a mobile loan, you usually need to meet these basic conditions. Different lenders may have slightly different criteria, but in general:
These criteria help lenders assess your ability to repay the EMI on time.
Once you meet the eligibility requirements, you’ll need to submit a few documents to complete your application. These are the common documents required for EMI phone plans:
Keep these ready to speed up your mobile loan approval.
Checking these criteria before applying helps you avoid rejection and get quick approval. Use the Online Personal Loan EMI Calculator to calculate your loan amount, tenure and other details. Once you have decided on suitable terms, you can apply for the best offer within your budget.
One feasible credit option is the Fibe Instant Cash Loan. You can get up to ₹5 lakhs for your mobile purchase or other financial requirements at pocket-friendly interest rates. What’s more, the application process is straightforward, with minimum documentation and easy-to-meet eligibility criteria. Download our Personal Loan App or apply for an EMI for mobile phone on our website.
Absolutely! It is a safe option, but you must select a reliable lender. Fibe is a trustworthy NBFC licensed by the RBI, where you can get personal loans at affordable rates.
You can buy a phone on EMI through options like credit cards, consumer durable loans or instant personal loans. If you’re shopping online, just pick the EMI option at checkout. If you’re buying from a store, apply there with basic documents.
Choose the EMI option while making your purchase. Share your ID and address proof with the lender. Then pick a repayment plan that suits your budget. If you meet the basic eligibility requirements, approval is usually instant.