Now Buy the latest Mobiles on EMI


Buying a new smartphone these days can be quite expensive, especially if you’re looking at the flagship models of most large brands. You wouldn’t necessarily want to dip into a large chunk of your savings in one go for a purchase like this because it’s always good to have some money on-hand for unforeseen expenses that can arise. In cases where your new smartphone might cost you your entire savings, it’s a much better idea to buy it on an EMI plan. You can enjoy easy-EMI options on Flipkart when you pay using Zestmoney.

An Equated Monthly Instalment plan or EMI is a fixed amount to be paid by a borrower to a lender on a predetermined date every month for the duration of the loan. These are great tools to maintain good liquidity for a rainy day while procuring the products you need. EMIs are also great if you need something urgently and would like to defer the payments for it because you don’t currently possess the funds for it. 

There are a number of vendors like Amazon and Flipkart that have partnered with various banks to provide their customers with great deals on mobile phones purchased on EMIs. Some of these banks offer their customers No-Cost EMIs that carry 0% interest. Let’s take a look at how you can avail an EMI plan on your next mobile.

There are two ways you can buy your new mobile on EMI: online and offline. 

Online Mobile Phone EMI Plans

Vendors like Flipkart and Amazon sell the latest smartphones on their websites and they have a number of payment options, one of them being EMI plans. EMI plans can be availed with both your Credit Card as well as certain Debit Cards. Some banks even offer 0% interest on mobiles bought on an EMI plan. Let’s take a look at what you’ll require in order to avail an EMI plan for your mobile phone.

Things to keep in mind

  • Ensure your credit card has a sufficient Credit Limit to purchase the mobile.

  • For Debit Cards, ensure you will have a steady income to pay off the EMIs.

  • Keep your Credit Card/Debit Card Details handy.

  • Keep your phone accessible for the OTP.

Online Mobile Phone EMIs

  • Open the desired retailers website or app

  • Select the Mobile phone you want to purchase

  • Click ‘Buy Now’

  • Select the Delivery Address and hit ‘Continue’

  • Select the payment mode as EMI and press continue

  • Debit Card EMIs are only available with select banks. The eligibility of your Debit Card for Debit Card EMIs is left to the bank’s discretion. If you are eligible for a Debit Card EMI it will be indicated in the payment options.

  • Select your bank

  • Select the tenure of the EMI plan

  • Enter your card details and click ‘Proceed’

  • You will receive an OTP on your registered mobile number to complete this transaction

  • Enter the OTP and complete the payment

Offline Mobile Phone EMIs

To avail EMI plans for a mobile phone from an offline retailer, just approach a retailer of your choice, choose the phone you want to buy and pay for it with your Credit Card. You can call the Credit Card’s bank and get the payment plan changed to EMIs. The Debit Card EMI option has not yet come to offline retailers.