Gift yourself an iPhone this Diwali

It’s that time of the year again - festive lights, parties, visiting friends, family and neighbours and fun times with your near and dear ones. It’s Diwali time! Everywhere you turn, it’s the season for shopping and making a new start! Advertisements for gadgets of every kind bombard you from every direction, while retailers try and entice you with attractive offers that are hard to resist.

So, getting into the festive spirit, how about buying yourself an iPhone this Diwali?! Sounds impossible? Short of cash after all the festivities?  Fret not, there is always a way around a situation like this! Do you know that several banks and NBFCs have special loans exclusively for covering the cost of expensive mobile phones and consumer durables? For example, Bajaj Finance offers loans specifically to buy high-end smartphones – this loan can be called a ‘mobile loan’ though technically it is a consumer durable loan.  So read on and see how easy it is to indulge in a festive gift for yourself this season!

All about Mobile Loans from Bajaj Finance:

Amount & Tenure: If you want to get a loan to buy a smartphone, then you need to apply for a Consumer Durable Loan which covers the purchase of smartphones. The tenure for this kind of loan generally ranges from 8 months to 24 months depending on the loan amount. The loan amount and tenure depends on the value of the phone you want to buy.

How to apply for a Mobile Loan: Applying for a mobile loan is very simple. You need to buy your mobile phone from a Bajaj Finserve dealer partner-store. The in-store customer care executive will help you with the loan process. You can find the nearest partner-store by looking up the section on ‘Find the nearest store’ on the Bajaj Finserve website.

Once you choose your phone, all you have to do is to submit a filled-in application form, and submit the supporting documentation. This could include photo ID proof, residence proof, income proof, and post-dated cheques among other documents.

Features of Bajaj Finance Mobile Loan

 • Youcan foreclose the loan after a minimum of 6 months from the loan disbursal date.

 • There is no charge for foreclosing a mobile loan, which makes it an attractive deal. Once you save some money, you can pay off the loan with no additional charge.

 • There are a variety of other household products that are covered under a consumer durable loan. These include but are not limited to: washing machines, microwave ovens, LED/LCD TV, refrigerators, music systems, air conditioners, tablets, camera/camcorder, smart phones, laptop/desktop, inverter, air/water purifier, generator, dryer, dishwasher, etc.

So go ahead, and gift yourself a mobile phone. It’s much easier than you think. You could apply for a consumer durable loan from Bajaj Finance and be the happy owner of a top-end mobile phone this Diwali!