Buy the Latest Laptop on EMI.
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.
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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:
Pocket-Friendly
A personal loan for a laptop up to Rs 5 Lakh lets you spread payments and buy a better device.
Attractive Interest Rate
Hero FinCorp personal loans for laptops offer reasonable interest rates up to 30%, making EMIs affordable.
Collateral-Free
A Personal Loan lets you buy a laptop on EMI without collateral, security, or guarantor.
Flexible Repayment Tenure
Hero FinCorp offers repayment terms of 12-36 months, with budget-friendly EMIs based on your capacity.
Instant Approval
Hero FinCorp offers 100% digital, paperless loans with instant approval, letting you grab laptop deals easily.
No Additional Paperwork
Hero FinCorp offers a 100% digital loan process with no branch visits, just upload your documents.
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If You Are Eligible.
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:
| Criteria | Requirement |
|---|---|
| Age | 21 to 58 years of age |
| Citizenship | Indian citizenship |
| Work Experience | Six months for salaried; two years for self-employed |
| Monthly Income | Minimum Rs. 15,000 per month |
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 18% 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:
Visit the Hero FinCorp website or install the Personal Loan app
Go to the Personal Loan page and click ‘Apply Now’
Enter your mobile number and verify with the OTP received
Choose the loan amount you need
Verify your KYC details to check income eligibility
Click ‘Submit’ to complete your application
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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.