Easily purchase electronics on EMI without a credit card with EMI-based Personal Loans.
Calculate Your Personal Loan EMI
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:
Check out some of the benefits of choosing Hero FinCorp for a personal loan:
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 |
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) |
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:
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 |
Let’s see how you can apply for a personal loan to buy electronics on EMI.
