How To Buy Consumer Durables on EMI without a Credit card?

How To Buy Consumer Durables on EMI without a Credit card? post thumbnail image

Postponing the replacement of aging household equipment is not a good idea. Occasionally, outdated appliances will break, requiring you to spend significant money on routine repairs alone. A preferable solution to these problems is replacing obsolete appliances with newer models, allowing you to bring home freezers and washing appliances that use cutting-edge innovations on simple EMIs. When you shop on EMI, you can get practically everything you desire, whether you want to buy personal gadgets like computers and smartphones or home appliances like televisions and refrigerators. The solution is EMI. 

Even if you don’t have a credit card, several choices on the market allow you to get EMI without a credit card. These alternatives, which are accessible both online and offline, will enable you to finish your purchase quickly and easily, allowing you to keep track of your monthly payments. As a result, in this blog, we’ve discussed various non-credit card EMI solutions accessible in the market for you to investigate and use to purchase durable items.

Debit card EMI

With the growing number of debit cardholders, numerous shops now offer credit card EMI alternatives. Furthermore, there are other advantages to using an EMI on a debit card, including the convenience of not tracking a separate bill statement and the EMIs being automatically debited from the associated bank account. Debit EMI is a new EMI technique that allows customers to pay for their purchases over time using their debit card. Customers do not need to have the total amount in their account at the transaction time, and their cards are not blocked. Reputable banks such as HDFC, SBI, Axis, ICICI, Federal, Kotak Mahindra, and others provide these EMI choices. Therefore, customers can easily use Emi phones, refrigerators, T.Vs, and other home appliances with Debit cards. Some of the benefits are described below:

  1. Low processing costs
  2. Less documentation.
  3. No money is held in the bank account.
  4. Flexible and appropriate payback terms
  5. Interest rates are reasonable.
  6. Repayments are easy to make using your associated bank account.
  7. Select brands offer no-cost EMI solutions.
  8. Funds are available immediately.

Buy Now, Pay Later

Buy Now Pay Later (BNPL) is a payment option that allows you to purchase without paying out of pocket. The loan can be paid in one payment or over time through Equated Monthly Installments (EMIs). Various firms provide buy now and pay later financing on purchases made from participating merchants. Many merchants now choose a Point-of-sale machine that offers the following services to their customers. It allows customers to shop now and pay later with the enticing bank and brand EMI offers available on point-of-sale terminals. The method is not only easy for most consumers, but it is also dynamic and adaptive, resulting in a better customer experience for them. Listed below are some of the benefits of BNPL:

  1. Affordability has improved.
  2. Credit is available immediately.
  3. The transaction is safe and secure.
  4. Can select a payback period
  5. EMI at no cost
  6. The process is simple and clear

Consumer Durable Loans

A durable consumer loan is a personal loan used to purchase consumer durables at low EMI without credit card. Several FinTech businesses and NBFCs provide durable consumer loans with low-interest rates and flexible repayment options. FinTech firms like these offer fast personal loans for various reasons, including home renovations, appliance purchases, and more. EMIs may be calculated by adjusting the factors to obtain a reasonable EMI. Consumer durable loans, like personal loans, are available immediately with an internet application. Listed below are the benefits of durable consumer loans:

  1. Rapid disbursement in a few minutes
  2. Approval in seconds, in real-time
  3. Within 24 months, flexible repayment terms are available.
  4. There’s no need for tangible documentation.
  5. No security or guarantor is required for a collateral-free loan.


Customers no longer have to compromise on large purchases because some large shops now offer EMIs. They may quickly convert significant assets to EMIs using a debit card. Several banks provide no-cost EMI on e-commerce platforms and to their local shops. No-cost If the gadget you intend to buy has many features and technology, EMI may be a fantastic alternative.

This is a quick and painless method to pay for products straight from your bank account, with no interest and great deals. 

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