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Buy the Latest Laptop on EMI

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Loan up to ₹5 Lakhs
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Minimum Salary Required ₹15K
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Instant Approval
Personal Loan EMI Calculator

Monthly EMI

₹ 0

Interest Payable

₹ 0

Buy a Laptop on EMI without a Credit Card

A well-functioning laptop with the latest features makes studying, playing, and working effortless. However, a good laptop with advanced specifications can be expensive. If you are short on savings, have a low income, and don't have a credit card, how can you afford the best laptop you deserve? You can buy a laptop on EMI with a Personal Loan from Hero FinCorp.

With an instant loan amount of Rs 50,000 to 5 Lakh, you can purchase your favourite laptop on loan and pay for it in installments over a period of 12-36 months. So, rather than saving money for months, you can apply for a personal loan for a laptop at Hero FinCorp and buy your dream laptop without any down payment.
 

Features and Benefits of Buying Laptop on EMI Without Credit Card

Buying a laptop on EMI without a credit card offers multi-faceted benefits in terms of financial savings and convenience. Let’s look at a few:
 

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Pocket-Friendly

A personal loan for a laptop up to Rs 5 Lakh lets you spread payments and buy a better device.
 

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Attractive Interest Rate

Hero FinCorp personal loans for laptops offer reasonable interest rates up to 30%, making EMIs affordable.
 

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Collateral-Free

A Personal Loan lets you buy a laptop on EMI without collateral, security, or guarantor.
 

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Flexible Repayment Tenure

Hero FinCorp offers repayment terms of 12-36 months, with budget-friendly EMIs based on your capacity.
 

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Instant Approval

Hero FinCorp offers 100% digital, paperless loans with instant approval, letting you grab laptop deals easily.
 

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No Additional Paperwork

Hero FinCorp offers a 100% digital loan process with no branch visits, just upload your documents.
 

Eligibility Criteria for Laptop on EMI

Although Personal Loans are easily accessible without stringent eligibility conditions, you must meet specific criteria for a personal loan for a laptop online. The main objective of setting these eligibility criteria is verifying identity and ensuring repayment. To buy a laptop on loan with a Hero FinCorp Personal Loan, you must fulfil the following conditions:

CriteriaRequirement
Age21 to 58 years of age
CitizenshipIndian citizenship
Work ExperienceSix months for salaried; two years for self-employed
Monthly IncomeMinimum Rs. 15,000 per month

Documents Required to Buy Laptop on EMI

If you are eligible for a Personal Loan at Hero FinCorp, you must provide supporting documents to validate the information provided. These include proof of your identity, income, and address. However, the documentation requirements for personal loan may differ for salaried and self-employed applicants. Therefore, check the documentation requirements carefully and provide the necessary documents to support your loan application. After gathering the documents, scan and upload their copies online to complete the application and attract approval.
 

Documents required for Salaried

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Proof of Photo Identity

Driving License, Passport, PAN Card, Aadhaar Card

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Mandatory Documents

Loan Application Form, Passport Size Photo

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Proof of Income

6 Months’ Salary Slips & Bank Statements, Form 16

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Job Continuity Proof

Appointment Letter from Current Employer

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Proof of Residence

Driving License, Passport, Aadhaar Card, Utility Bill

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Additional Documents (Self-Employed Only)

N/A

Documents required for Self Employed

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Proof of Photo Identity

Driving License, Passport, PAN Card, Aadhaar Card

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Mandatory Documents

Loan Application Form, Passport Size Photo

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Proof of Income

Last 6 Months Bank Statements, ITR for Last 2 Years

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Job Continuity Proof

N/A

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Proof of Residence

Maintenance Bill, Utility Bill, Property Documents, Rent Agreement

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Additional Documents (Self-Employed Only)

Copy of Tax Registration, Shop Establishment Proof, Company's Registration Certificate

Interest Rate on Personal Loan to Buy Laptop on EMI

The applicable interest rate is much less if you buy a laptop on EMI without a credit card. At Hero FinCorp, the Personal Loan interest rate is up to 30% per annum. That means it does not significantly affect the laptop's cost even after distributing its repayment in EMIs. Since your interest rate largely depends on your income, DTI ratio, credit history, repayment capacity, etc., be responsible with your finances to get the best loan deal.
 

Interest Rate

Starting from 19% p.a.

Loan Processing Charges

Minimum Processing fee is 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

1. Online loan app does not charge any cancellation charges

2. Interest amount paid is non-refundable

3. Processing charges are also non-refundable

How to Apply for a Personal Loan to Buy a Laptop on EMI?

Here is a stepwise procedure to apply for a Personal Loan to buy laptop on EMI:
 

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  • 1

    Visit the Hero FinCorp website or install the Personal Loan app

  • 2

    Go to the Personal Loan page and click ‘Apply Now

  • 3

    Enter your mobile number and verify with the OTP received

  • 4

    Choose the loan amount you need

  • 5

    Verify your KYC details to check income eligibility

  • 6

    Click ‘Submit’ to complete your application

What Our Clients Say About Us

It's a great appreciation for obtaining the best personal loan with the fewest papers necessary and promptly disbursing loan ...funds. I truly appreciate your assistance. Simple procedure and a user-friendly interface. There are no problems, inquiries or anything else as long as you pay.

Savi Gupta, Bangalore

Herofincorp has great funds for various purposes. I got the best personal loan offer compared to interest rates, terms, and fees for ...my best financial situation. Thanks for your assistance.

Rashi Kohli, New Delhi

It is a simple procedure. For financial emergencies, it is the best option. Thanks for their assistance. Adaptable and well-balanced. You can acquire an immediate loan transfer with Hero FinCorp.

Lalji Soni, Chennai

Processing is quick, and had great experiences with this personal loan application and service. I appreciate customer support's gentle communication in helping the process go more smoothly. interest rates provided on the personal loan is the lowest in market. Overall experience good. I'm grateful.

Raj Chaudhary, Mumbai

I have been looking for a platform that allows me to borrow money quickly, it is convenient, safe and reliable to borrow money on this practical and reliable platform.

Kadam Kailash, Gurgaon

Frequently Asked Questions

At Hero FinCorp, you can choose a loan tenure of up to 36 months according to your preference and repayment capacity. A Personal Loan EMI Calculator helps calculate EMIs for various loan terms. You can choose one with budget-friendly EMIs.
 

When you buy a laptop on EMI, you have to pay a few additional charges, including the interest rate, processing fee, documentation charges, late payment penalties, and prepayment charges.
Missing an EMI payment attracts EMI bounce charges and penal interest. Missing several EMIs and not responding even after reminders may lead to legal consequences.
After settling on an EMI scheme, you can cancel it by completely prepaying the loan, consolidating the debt, or applying for a loan refinance. However, check the charges involved before taking the step.