Pocket-Friendly
A personal loan for a laptop up to Rs 5 Lakh lets you spread payments and buy a better device.
Buy the Latest Laptop on EMI
Loan up to ₹5 Lakhs
Minimum Salary Required ₹15K
Instant Approval
Personal Loan EMI Calculator
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.
Why Should You Buy a Laptop on EMI?
There are many reasons why you should consider buying a laptop on EMI. These include the following:
- Finance the purchase even when your savings are low
- Keep your savings intact by borrowing a loan on a laptop
- Distribute the device’s cost into EMIs
- Repayment at a comfortable pace
- With a loan, you can extend your budget and purchase a better, more advanced laptop
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:
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.
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:
Age
21 to 58 years of age
Citizenship
Indian citizenship
Work Experience
Six months for salaried; two years for self-employed
Monthly Salary
Minimum 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
Proof of Photo Identity
Driving License, Passport, PAN Card, Aadhaar Card
Mandatory Documents
Loan Application Form, Passport Size Photo
Proof of Income
6 Months’ Salary Slips & Bank Statements, Form 16
Job Continuity Proof
Appointment Letter from Current Employer
Proof of Residence
Driving License, Passport, Aadhaar Card, Utility Bill
Additional Documents (Self-Employed Only)
N/A
Documents required for Self Employed
Proof of Photo Identity
Driving License, Passport, PAN Card, Aadhaar Card
Mandatory Documents
Loan Application Form, Passport Size Photo
Proof of Income
Last 6 Months Bank Statements, ITR for Last 2 Years
Job Continuity Proof
N/A
Proof of Residence
Maintenance Bill, Utility Bill, Property Documents, Rent Agreement
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.
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:
- 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
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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.