Buy a Mobile on EMI with a CITI Debit Card

Are you craving for the latest mobile in the market but holding back because you don’t have a credit card to buy it in easy EMIs?  Or is your ‘mobile loan’ rejected due to the fact that you do not have sufficient credit history or because of insufficient salary?

Well, hold back no longer! Did you know that there are certain online lending platforms that allow you to buy your favorite mobile in easy EMIs, using your debit card? You can now shop using your Citi debit card on such sites and have your purchase converted into easy EMIs!

Online Lending Platforms:

Technology is enabling quicker and more innovative ways in which you can get credit. There are several lending platforms that allow you to convert your Citi debit card purchase into easy EMIs. In essence, these companies provide a loan on your debit card / savings account. The loans carry interest rates and processing charges (if any).

ZestMoney, Finomena, Fastbanking (now Kissht) and EMI Bazaar are some online platforms that enable you to buy mobile phones, electronic gadgets, and other products in easy installments.

Process

All you need to do is shop using your Citi debit card on these website or buy your mobile phone at their online partner outlets. Your purchase will be converted into EMIs if you are considered creditworthy. You need to sign up and upload your bank statements and KYC documents for that purpose. Your creditworthiness is also assessed by analyzing your digital footprint using various algorithms, big data and Artificial Intelligence.

These lending platforms often have a quick approval process and various EMI options that you can choose, suited to your financial needs. You can buy mobile phones, electronics, jewelry and even furniture on EMIs if you wish to, on your debit card, on these platforms.

Eligibility

To buy on EMIs on your debit card, you need to be over 18 years old, have a PAN card, preferably have an Aadhar Card, and a consistent source of income. It is not mandatory to have a credit card or a credit history. You can shop on these platforms, have your eligibility checked and if your application is approved, you will be asked to make a down payment. Once this is done, your product will be shipped.

It doesn’t get any simpler. So, what are you waiting for? Grab this opportunity to buy your favorite mobile phone on EMIs, using your Citi debit card!