Eligibility
You can get a Personal Loan online, whether you are a salaried or self-employed person, by meeting Hero FinCorp’s simple eligibility.
Buy Electronics on EMIs Without a Credit Card
Easily purchase electronics on EMI without a credit card with EMI-based Personal Loans.
Instant Approval in 10 Minutes
Loan Amount up to Rs 5 LakhV
Flexible Repayment
Calculate Your Personal Loan EMI
How You Can Buy Electronics on EMI Without a Credit Card?
These days, you can buy electronic items on EMI without a credit card using flexible, hassle-free Personal Loans that are approved in minutes and require minimum documents. Here is how you can buy electronics on EMI with no credit card requirement:
Why Choose Hero FinCorp Personal Loan to Buy Electronics on EMI Without a Credit Card?
Check out some of the benefits of choosing Hero FinCorp for a personal loan:
Personal Loan EMI Options Offered by Hero FinCorp for Electronics Purchases
Let’s explore the flexible EMI scheme for electronics purchases as offered by Hero FinCorp:
| Loan Amount (Rs) | Tenure (Months) | Interest Rate (p.a.) | Monthly EMI (Rs) | Total Interest (Rs) | Total Amount Payable (Rs) |
|---|---|---|---|---|---|
| 1,00,000 | 12 | 19% | 5,805 | 10,298 | 1,10,298 |
| 1,00,000 | 18 | 19% | 6,088 | 15,699 | 1,15,699 |
| 1,00,000 | 24 | 19% | 6,378 | 21,185 | 1,21,185 |
| 1,00,000 | 30 | 19% | 6,676 | 26,845 | 1,26,845 |
| 1,00,000 | 36 | 19% | 6,981 | 32,646 | 1,32,646 |
Personal Loan Eligibility Criteria to Buy Electronics EMI Without a Credit Card
Familiarise yourself with the requirements for purchasing electronics on EMI without a credit card. These requirements include:
| Eligibility Criteria | Details |
|---|---|
| Age | 21 to 58 Years |
| Citizenship / Residential Status | Indian only |
| Employment Type | Salaried and Self-Employed |
| Minimum Monthly Income | Rs 15,000 |
| Minimum Work Experience | 6 months (Salaried) / 2 years (Self-Employed) |
Documents Needed for Personal Loan to Buy Electronics on EMI Without a Credit Card
Once you have checked that you fit the personal loan eligibility criteria , you will need to submit the documents below to begin the application process:
- Pan Card
- Aadhar Card
Personal Loan Interest Rates & Charges to Buy Electronics on EMI Without a Credit Card
At Hero FinCorp, the personal loan interest rates are competitive and other charges are nominal. Here are the details.
| Charges | Details |
|---|---|
| Interest Rate | Starting at 19% p.a. |
| Loan Processing Charges | Minimum 2.5% + GST |
| Prepayment Charges | N.A. |
| Foreclosure Charges | 5% + GST |
| EMI Bounce Charges | Rs 350 |
| Interest on Overdue EMIs | 1–2% of the loan/EMI overdue amount per month |
| Cheque Bounce | Fixed nominal penalty |
| Loan Cancellation | Online loan application does not charge any cancellation fees Interest amount paid is non-refundable Processing charges are also non-refundable |
How to Apply for a Personal Loan to Buy Electronics on EMI Without a Credit Card?
Let’s see how you can apply for a personal loan to buy electronics on EMI.
Online Process
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Frequently Asked Questions (FAQs)
Hero FinCorp is dedicated to full transparency, with clear terms and no hidden charges. Approval may come within 10 minutes.
Yes, many lenders allow partial or full prepayment without additional costs.
If you miss your EMI payment, you will have to pay a penalty to the lender. Also, it will affect your credit score.
Yes, at Hero FinCorp, we use secure protocols and encrypted systems to protect your information and personal data during the loan process.
The income criteria may vary from lender to lender. At Hero FinCorp, you need 15,000 monthly income to be eligible to apply for a Personal Loan.
Yes, self-employed and salaried individuals can apply for a loan for EMI without credit cards as long as they have the documents and meet income requirements.
Yes, there are many Pay Later applications that permit EMI on Electronics without credit cards.
Paying EMIs on time helps improve your credit score, while making late payments or defaults will reflect negatively on your score, changing your future borrowing access and rates.