We all know Indian summers can be unforgiving, and there is one thing that will make them tolerable. The name of the appliance is the air conditioner. There is no better feeling than stepping out of a hot, humid day into an air-conditioned office or home. It’s pure bliss. However, air conditioners are expensive, and not everybody is rich in India. If you don’t have 30,000.00 rupees, you can always buy one by ac on EMI.
You can purchase air conditioners online and offline, but the most important thing is to select a suitable AC unit for comfortable cooling. You may be looking for a big ac or small ac for room; more important is whether you are getting a suitable model at a reasonable price. Unfortunately, only few have enough money to buy a new AC unit. If you are also one of them, don’t get disheartened; enough finance options allow you to purchase AC on EMI.
How can you buy an Air Conditioner on EMI without a Credit Card?
Yes, this is true. You can easily buy an AC on EMI even without a credit card. You can buy an ac even without paying advance money upfront. Besides, there is the option of converting your purchase into easy EMIs.
You can choose these financial options:
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Go for a Personal loan or personal line of credit
Online lenders like MoneyTap offer such loans. Such financial companies fulfill the personal finance needs of every customer. They take help from technology to provide personal loans or personal lines of credit, a type of consumer-durable loan.
MoneyTap offers a single, one-time amount as a credit line. It has fixed interest rates and EMIs with a repayment option that can be extended from 2 months to 3 years. You can easily calculate your appropriate EMI amount using a personal loan EMI calculator.
It offers 100% finance to purchase AC on EMI. The best part is that you don’t need collateral because it’s an unsecured personal loan. Moreover, there is no provision for a down payment.
The application process is easy and online.
You can instantly check your credit history and score to determine whether you are eligible for a personal loan.
You get approval for a personal loan within thirty seconds.
The monthly interest rate starts at 1.08%, much lower than a credit card.
Being an app-based credit line, it’s accessible around the clock.
It allows you to convert purchases into your chosen EMIs with a simple tap on the screen!
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EMI cards
There are several banks and financial companies that offer EMI cards. You can use such EMI cards to buy AC without a credit card.
EMI card has a link with a pre-approved personal loan, and you can repay the loan amount by converting your purchase into easy EMIs.
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Consumer durable loans
Suppose you visit a retail store and like an AC but don’t have enough money. Well! Approach the salesperson at the store, and in no time, they will offer you a durable consumer loan even with minimal documentation. However, you don’t get 100% finance with a stable consumer loan and may be asked for a down payment on your purchase.
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EMIs on debit cards
You can also use a debit card to buy small AC for room. The only requirement is you should have a sufficient balance in the account. If that is the case, you can purchase the AC in easy installments without a credit card from a dealer.
It’s up to you to choose the right financing option, but in all cases, you’ll have these advantages:
Repayment in easy EMIs.
There are no charges for converting your purchase into EMIs.
There is no need to pay processing fees to convert your purchase into affordable EMIs.
There is quick approval and disbursal of the loan amount.
Funds are instantly available.
Choose the most convenient EMI payment plan and make your scorching summer comfortable.