Mobile Finance
Get Mobile on EMI
Mobile phones now come with a host of advanced features including triple sensor cameras, waterproof designs, and support for 5G internet. Tech enthusiasts interested in purchasing the latest smartphones will find Modi Financeconsumer durable loans extremely useful. The EMI options on offer ensure that you get to take advantage of the newest innovative features integrated into mobile phones. By availing a consumer durable loan from us, you can purchase the latest phones from top brands without any major initial outlays.
You can avail of a consumer durable loan from Modi Finance and convert the cost of your purchases into easy EMIs. With the mobile loans offered by Modi Finance, you can purchase the latest phones instantly and pay for them over the course of a convenient repayment tenure ranging from 6 months to 24 months.
What are the benefits of buying a mobile phone on EMI?
When you buy a phone on EMI, you stand to benefit in more ways than one. Here are some of the many advantages of buying a smartphone using this scheme from Modi Finance.
Distributed financial burden
With our buy-now-and-pay-later system, you can effectively minimize your immediate financial burden. By distributing the cost of a purchase across a convenient repayment tenure, Modi Finance consumer durable loans help you pay back the principal in small and comfortable amounts.
Access to latest versions of smartphones
Owing to the easy EMIs available, you can purchase a better version of the smartphones you’re interested in. Since there’s no pressing obligation to pay the entire amount upfront, you can afford to expand your budget and invest in a smartphone from a higher price band.
Instant approval
Modi Financeconsumer durable loans come with another advantage – instant approval. You no longer need to wait around for several days for the loan approval to come through. Our on-the-spot approvals enable you to begin your shopping spree anytime, anywhere. The process of application is also incredibly easy and straightforward.
lowest interest rate
Another advantage that accompanies Modi FinanceEMI mobile plans is that you get to spread the cost of your purchases across EMIs that come with lowest interest rate charges. This effectively means you only pay the cost of the product, and not a penny more. Modi Finance also doesn’t levy any security deposits or additional fees.
Minimum documentation
Buying a smartphone on EMIs with Modi Financeconsumer durable loans is a simple process, wherein you are not burdened with excessive documentation requests. Only primary details and basic KYC documents are required for loan approval.
Eligibility criteria for getting a mobile on EMI
To be eligible for a consumer durable loan to buy mobiles on EMI from Modi Finance, you need to fulfill certain preset criteria. Salaried individuals must be between 21 and 60 years of age, while self-employed applicants must be aged between 21 and 65 years.
Additionally, irrespective of whether you are salaried or self-employed, the repayment tenure can range from 6 months to 24 months, and the loan amount can be as low as Rs. 10,000 or as high as Rs. 5 lakhs.
What are the documents required to get smartphones on EMI?
To purchase smartphones on easy EMIs, all we need from you is minimal documentation. Here’s a comprehensive list of the documents required.
- Proof of identity and residence
- A cancelled cheque
- A recent passport-sized photograph
- Duly signed ECS mandate
- A security cheque in favor of Modi Finance , mentioning the entire amount and carrying no date
How can you obtain a loan for mobile phones?
Before availing of a consumer durable loan from Modi Finance, you need to decide on which of the many no-cost EMI mobiles to invest in. Here are some tips to select the right smartphone.
- List out the smartphone features required.
- Compare the many options available online.
- Identify the smartphone that comes with the features needed.
- Ensure that it is within the budget.
Having zeroed in on the right smartphone, here’s how you can obtain a loan to fund your purchase.
- Visit the nearest branch and fill out a simple form. This process takes around 10 minutes.
- Submit the necessary documents, so the approval process can begin.
- Alternatively, if biometric details are available, you need not even upload your documents.
- If all the required documents and details are in place, Modi Finance offers on-the-spot approvals for consumer durable loans.
Interested consumers can even contact Modi Finance on 9407085908 anytime between 10 am and 8 pm, or request a call back to apply for a loan.