In today’s world, almost everyone of all age groups has a laptop or a personal computer. The recent job roles demand such requirements. However, not everyone can afford a laptop due to its price. The best way to buy a laptop is through an EMI. In collaboration with financial institutions, most banks and laptop stores provide EMI facilities to their customers. A good laptop or the basic laptop will cost within the price range of 35,000 to 50,000.
In many cases, employees or customers find it difficult to pay the total amount. Thanks to financial institutions and various banks that provide instant EMIs. Buying a laptop on EMI is now made straightforward.
Essential Criteria to Apply for the EMI Option.
If you have a debit card, you are eligible for an EMI option. However, there is a specific criterion that one needs to keep in mind when applying for EMI. One of the first criteria is the bank and financial institution to which your debit card belongs. Ensure you check with the banks and find out if your debit card is eligible to buy a laptop on EMI.
The second criterion is the minimum available balance. Most banks have a minimum available balance that the applicant needs to maintain to enjoy EMI facilities. Banks insist on this rule to ensure there is no deduction and penalty applied in case the accounts run low on balance.
Third and the most essential is a minimum number of transactions made on the account by the applicant. Banks and financial institutions are very particular about this rule of a minimum number of transactions done in recent times.
If the above rules and criteria are followed, buying a laptop on EMI using a debit card is simple and easy.
Ways to Buy a Laptop on EMI with a Debit Card
There are many ways to buy a laptop on EMI with a debit card. However, not all products can be purchased on EMI. Those products that cost less than 5000 are not eligible for the EMI option. It is best to speak with the bank or financial institutions to understand the product available on EMI better. Until then, read the following steps to successfully buy a laptop on EMI using a debit card.
Step 1: Select the desired laptop from the website you choose to buy it. Add the laptop into the cart and go to the purchase option.
Step 2: Once the product is on the card, proceed with the payment options. Before going to the next step, check if the product is eligible for the EMI option.
Step 3: Now, choose the EMI option from the payment method and enter the debit card details.
Step 4: Once the card details are successfully entered and registered, select the option if you wish to buy the laptop in full payment or the EMI option.
Step 5: Lastly, choose the best EMI plan option at your convenience. Once the plan is selected, you are directed to the final page with a confirmation of your purchase and the repayment dates.
With all these steps carefully taken, you have successfully purchased yourself a laptop on EMI using your Debit card.
If you are still thinking about which EMI to opt for, we suggest that the no-cost EMI is the best and most preferred one for all customers. Buy now and pay later is the most convenient purchase option, especially for electronics and home appliances. It is best to speak to the financial institute or bank for EMI rules and regulations for more detailed information.