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A notable trend on the rise is the inclination to buy electronics on Equated Monthly Installments (EMI). This surge in popularity is largely attributed to the fact that almost any electronic device can be acquired through EMI plans, prompting consumers to seize their desired products without postponing their plans any longer.

We're all aware that when it comes to electronics, the higher price tag often leads people to defer their purchases or even cancel them altogether. Thankfully, EMI comes to the rescue, providing a feasible solution to this common problem.

One invaluable tip for maximizing your budget in this realm is to opt for EMI card transactions when buying electronics. Let me assure you, it's one of the smartest financial investments you can make.

So, what exactly is an EMI card? 

Among the most straightforward and popular ways to shop, an EMI card functions as a pre-approved loan, empowering you to purchase durable and lifestyle products of your choice. At present, it stands out as one of the most effective means to buy electronics on EMI, offering the flexibility to make both online and offline purchases.

Reflecting on my own experience, it's been approximately three and a half months since I acquired an EMI card to purchase a stunning 90-inch smart television, priced at Rs 1,19,999. Why lock up a substantial amount upfront when you can comfortably spread the cost over several months without incurring any interest? So, the next time someone inquires about how to buy electronics on EMI without a credit card, be sure to introduce them to the convenience of the EMI card.

Now, what sets these two cards apart?

 An EMI card serves as a pre-approved loan readily available in your wallet, enabling you to use the loan facility for the purchase of your preferred products. In contrast, a credit card, issued by financial institutions, permits purchases on credit, often accompanied by high-interest rates.

While credit cards typically offer a maximum of six months for no-cost EMI, EMI cards extend this period significantly. Furthermore, EMI cards come with straightforward eligibility requirements, while securing a credit card necessitates a commendable credit score—a condition many people may not meet.

In my personal journey, I have been utilizing the EMI card provided by Bajaj Finserv to facilitate my purchases of electronics on EMI. This all-inclusive application serves as my go-to for various payments, from settling electricity bills to mobile recharges. Therefore, when I ventured into acquiring an EMI card, I discovered it within their app and promptly applied.

The advantages of an EMI card are numerous:

1. Budget Expansion:

With an extended no-cost EMI period, you can plan for the purchase of more upscale electronic gadgets or appliances.

2. Flexibility:

EMI cards grant you the flexibility of choosing a repayment tenure that spans from 3 to 24 months, providing a sense of control over your financial planning.

3. Pre-Approved Loan:

In contrast to credit cards, which operate on credit-based purchases, EMI cards come pre-loaded with a loan limit of Rs 2 lakh.

So, the next time someone inquires about “How to buy electronics on EMI without a credit card,” you can confidently provide them with the answer. EMI cards, with their financial flexibility and convenience, are redefining the way we approach electronic purchases.

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