Refrigerator on EMI without credit card 

There was a time when refrigerators were something considered a rarity among the populace. It was considered a rich people’s tool and not affordable by others. Now things have changed so much with the price of refrigerators coming down drastically and the life style of people changing where it used to be people buying and storing food materials at most for a day or 2 but now the fast lifestyle of people force them to store food for weeks. This lifestyle has prompted a huge growth in the buying of refrigerators.

Our country being a tropical one where almost 80% of the country has very hot summers play a vital role when it comes to refrigerator purchase.

This article is for all those people looking to buy a refrigerator and looking for finance options to pay for it apart from the conventional credit card loan and personal loans.

Consumer durable loans:

There are many finance companies like Bajaj Finserv, Tata Capital, CapFirst, and Home Credit that offer consumer durable loans, which you could use to buy your refrigerator on EMIs. You can shop for your favorite refrigerator at one of the partner outlets and apply for the loan at the bill counter or apply for it online on their website. Documentation is minimal. If your documents are found to be in order, you will be approved, and you can walk out with your dream refrigerator in your hand the very same day!

EMI Cards:

Bajaj Finserv’s EMI Card is one option to buy your dream refrigerator. An EMI Card is essentially a pre-approved loan which converts various purchases into easy EMIs. You can additionally choose your tenure and the amount that you are comfortable with to pay as EMIs. If you want to pay off your purchase earlier, there will be no penalty on foreclosure.

Lending technology platforms:

With new advances in financial technology every day, you can now buy your refrigerators with the help of online lenders, using just your existing debit card! You can take advantage of various online lending platforms that let you shop using your debit card and convert it into easy EMIs. Thanks to platforms like ZestMoney, Finomena, and FastBanking (now Kissht), you can shop with your debit card and have your purchase converted into easy EMIs. Approval is fast and documentation required is minimal.

Additional Reading: Buy Digital Camera & Refrigerator on EMI at Bajaj Finserv

EMI on your existing debit card:

Banks like Axis, HDFC and ICICI Bank lets their customers buy refrigerators and other gadgets on EMI using their debit card! If you are a customer of any of these banks, you can simply buy your refrigerator by visiting the partner outlet where this offer is available. You can check with the bank’s website for details on partner outlets and eligibility. Keep in mind that you will need the requisite balance in your savings account for the transaction to be approved.

Choose any of the above options that you are comfortable with and keep cool!