Nowadays, it has become necessary to have a fridge, AC, washing machine or LED TV in every home. But the cost of all these things is high which makes it difficult for anyone to buy them in cash. In such a situation EMI plan proves to be a better solution. EMI i.e. Equal Monthly Installment gives you the facility to buy any expensive item instantly and you can comfortably pay it in small amounts every month. It does not burden your monthly budget and also fulfills your requirement. The EMI system is available these days in every major card, bank and digital app where you can apply for paperless Flexible payment. In this article we will know how you can buy household goods on Flexible payment, which card is best and which stores are easy to buy from.
Why is it important to choose the right credit card for EMI?
If you want to buy a big item for home like fridge, AC, LED or washing machine then Flexible payment option can be the best solution for you. But maximum benefit of Flexible payment is possible only when you have a credit card that supports Flexible payment plan. Not all cards are EMI friendly cards and thus selecting an appropriate card is very essential. Other exciting features in EMI cards entail free Flexible payment, freedom of repayment plans and low rate interest charges that makes your finance plans simple and strain-free.
Nowadays banks and financial companies offer various types of credit cards including EMI plans. Some cards also offer no-interest Flexible payment if you complete their plan on time. With these cards you also get access where you can activate, track and manage EMIs. To activate EMI you just need to select the product and choose the Flexible payment option at the time of payment. With the right card, you don’t even need any paperwork or additional documents.
Top Credit Cards Considered Best on EMI
Below are the names and features of some of the top credit cards that help you buy home appliances on EMI:
- Bajaj EMI Card
The most popular one in India is the Bajaj FinServ Flexible payment card. In this card, you are having zero interest EMI where you need to pay the cost of the product only. The maximum amount of this card can be 2 lakhs. What is best of all, the card is not only convenient to obtain, but also to utilize. It uses online payment of KYC and other documents and Flexible payment is under your control. - ICICI Bank Credit Card
ICICI Bank’s EMI plan is quick and easy. If you are using their card, you get both an online and offline EMI option. Auto EMI convert feature is also available, due to which Flexible payment is applied automatically on every purchase. You can keep the tenure up to 3, 6, 9 or 12 months as per your choice. - SBI Credit Card
SBI Card is regarded to be safe and trustworthy. On product categories, it has Flexible payment plans on nearly every product, be it electronics, home appliances or even furniture. In this card you get to have various Flexible payment options such as 3 to 24 months Flexible payment. It is also not hard to activate EMI via the app. - Access Bank Credit Card
The EMI plan given in the Axis Bank credit card is flexible. All you have to do is to choose the product and choose Flexible payment on the payment page to activate Flexible payment. All is clear in the app where you can see the due date, amount and balance. Interest rate of this card is also very competitive.
What you should consider before choosing a card
You just need to check whether the card supports Flexible payment or not. Every bank has its own app where you can check the Flexible payment plan and duration. Flexible payment rates, processing fee and time period all vary, so read the terms and conditions carefully before applying. Don’t forget to install the app after getting the card so that you can easily check the status, reminder and due date of each month.
Top Stores and Sites Where You Can Get Home Appliances on EMI
If you want to buy household items, it is important to buy from the right place. There are many stores and websites that offer shopping opportunities with easy Flexible payment plans. These places are also reliable and their EMI process is also fast:
- Croma Stores– You can get no-cost EMI on TV, Fridge, Oven, and AC on Croma. You get instant approval as soon as you swipe your card.
- Reliance Digital– A huge range of electronics are available at Reliance Digital and enabling Flexible payment is a matter of 10 minutes.
- Vijay Sales– Taking Flexible payment in this store is easy and they accept many types of cards. The staff also helps you.
- Amazon and Flipkart– Amazon and Flipkart are best for online shopping. Here you can order goods from home by selecting the Flexible payment option. Both Bajaj Card and Bank Card can be used.
This place gives you the opportunity to make easy payments with quick approval and a smooth process. You can also check Flexible payment status in real time through online apps.
If you want to take an EMI plan, pay attention to these things
Taking EMI is easy but understanding the plan is important. At the time of Flexible payment , you should keep several small things in mind so that you can avoid extra charges:
- Check the total price of the product before taking the Flexible payment.
- Understand the plan time and monthly amount.
- Make sure there are no hidden costs or taxes anywhere.
- Note Flexible payment dates through bank apps or SMS.
- Apply Auto Debit so you don’t miss a payment
- Pay on time to protect your credit score.
- You can also set app or WhatsApp reminders.
- Shop within your limits.
If you pay on time, it will be easier for you to borrow in the future. Flexible payment is a smart tool but don’t misuse it. Be smart and use it only for necessities.
The result
Nowadays the Flexible payment system has become a blessing for everyone. You don’t have to worry about depositing cash and you get the goods instantly. By using EMI plans properly, you can set your budget and also protect your savings. Just choose the right card, buy goods from trusted stores and follow your plan on time. Smart use of Flexible payment makes your life easier. By paying a small amount every month you can fulfill all your needs without any stress. If you want more articles, videos or blog scripts related to EMI, please let me know. I can also create topic related content for you.