Hello friends, I welcome you all to today’s article. Friends, we will give you information about how to buy a mobile on loan. Friends, today there are many finance companies, private businessmen and banks available in the market which provide you loan even for mobile shares, through this you can easily fulfill your wish by buying a mobile on monthly installments. Just like you can buy a mobile by taking a loan,
similarly there are many loan giving apps available on the internet through which you can buy a mobile by taking a loan. We’ll explain all the details of this in today’s article so you can easily take a mobile phone on loan and reap its benefits. However, you’ll need to read this article carefully until the end.
What is a mobile loan?
You must have understood from the name of mobile that it is a loan which is taken by a person to buy a mobile. Nowadays mobile has become a big part of our life and it has become very important but due to its high cost we are not able to buy a good mobile easily, hence many companies provide you mobile on loan. At the time of purchasing the mobile you pay the money to those companies and later you have to pay back in monthly installments along with interest.
How to get a mobile on loan?
Friends, if you want to apply online for taking a mobile on loan, then for this you will have to follow all the processes given below step by step, which will be of this format –
- To take a mobile on loan, first of all you will have to go to the E-commerce website from where you want to buy the mobile.
- After visiting the e-commerce website, you will have to select the favorite mobile phone which you want to buy.
- After that, in the payment option of the mobile phone, you will have to select the EMI option so that you can pay for the mobile phone through EMI.
- After that, you will have to select the name of your credit card provider company. You can select any company whose credit card you have.
- After that you will have to select the number of months in which you want to pay the mobile installment and after that the EMI for that period will be shown to you on the screen and along with that the total loan repayment amount will also be shown.
- After that the EMI amount, EMI repayment period and interest rate will be told to you.
- After that, you will have to select the interest rate, tenure and EMI amount as per your convenience and click on the payment option.
- After that you will have to make the payment.
- Now that your payment has been made, the company will deduct the money from your account for the number of months you have given the mobile loan. Your mobile loan will be repaid upon completion of the loan period.
In this way, you can easily apply online for taking a mobile on loan by following all the steps mentioned above while sitting at home.
conclusion –
Friends, in today’s article, we have given you information about how to take a mobile on loan. We have explained its complete online application process in detail so that you can easily take a mobile on loan by applying online while sitting at home and can use it. Friends, if you all liked today’s article, then definitely share this article.