The Process to Buy a Laptop on EMI without a Credit Card

A laptop has become a necessity for people of all ages. Students use it to study, professionals use it for work, and many use it for entertainment, knowledge, and connection with family and friends. However, a high-end, feature-rich laptop with a fast processor and ample memory is an expensive item not everyone can afford easily. It is when people planning to buy a laptop look at the option of EMIs.

EMIs allows buyers to purchase laptops without dipping into their savings and stressing their finances. They can bring their selected laptop home and pay its price in convenient equated monthly instalments. Most people believe that they need a credit card or a loan to buy something on EMIs. However, they might not be aware that they can now buy a laptop on EMI without a credit card. All they need is a bank account and a debit card. 

Let us look at the process to buy a laptop on EMIs without a credit card.

Finding a Company Selling Laptops

There are many companies selling laptops online. The buyer needs to identify the brand and the model of their choice. The laptop they choose must be within their budget even though they need to pay its price in EMIs. A costlier laptop will increase the EMI amount and make repayment challenging for a buyer who cannot afford it. Therefore, selecting a laptop within budget and finding a reliable seller is crucial.

Proceeding to Checkout

After selecting a laptop and finding a seller, the buyer must open the product description and click on the ‘Buy Now’ button. On the next page, they will see all the payment options accepted by the seller. They must select the option to purchase a laptop on EMI using a debit card. They have to enter their debit card details in the following sections and authenticate the payment.

Checking the No-Cost EMI Option

On the checkout page, some sellers offer the no-cost EMI option. By selecting this option, the buyers have to pay the laptop’s actual cost only in instalments without any interest rate and additional charges. The buyer must check this option and select it if appropriate.

Submitting the Documents

While purchasing a laptop on EMIs, the buyers must submit a few essential documents to prove their identity, address, and income. These include their Aadhar card, PAN card, passport, bank statements, salary slips, etc. The buyers can scan and upload these documents instead of submitting their hard copies.

Selecting the Repayment Term

When buyers purchase a laptop on EMI without a credit card, they have to select a repayment term within which they agree to pay their EMIs. The longer the duration they choose, the smaller are the EMIs, and the easier remains their repayment. However, they may end up paying more on the interest charges and also lose some added benefits. Therefore, the buyers must assess their budget and opt for a repayment term with convenient EMIs.

The above process allows a buyer to buy a laptop on EMIs using a debit card. There is no credit card or loan application required. Therefore, it enables a person to own a laptop they want without paying hefty credit card charges and stressing their finances.